Range Resources reports Q4 EPS $1.30, consensus $1.20

Reports Q4 revenue $1.63B, consensus $975.34M. Commenting on the 2022 results and 2023 plans, Jeff Ventura, the company’s CEO said, "The Company successfully managed a great market opportunity in 2022 – generating record free cash flow, materially strengthening our financial foundation and returning significant capital to shareholders. We reduced debt by over $1 billion and expanded our return of capital program with $400 million in share repurchases and an annualized dividend of $0.32 per share. As we enter 2023, the progress made during the past year both financially and operationally puts Range in the strongest position in Company history. We are excited about the opportunity to develop Range’s world-class inventory over the coming decades into a growing market for natural gas and natural gas liquids."