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Earnings To Watch: Range Resources (RRC) Reports Q1 Results Tomorrow

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Natural gas producer Range Resources (NYSE: RRC) will be reporting earnings this Tuesday after market hours. Here’s what you need to know.

Range Resources beat analysts’ revenue expectations last quarter, reporting revenues of $769.1 million, up 8.6% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

Is Range Resources a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Range Resources’s revenue to grow 10.9% year on year, slowing from the 15.4% increase it recorded in the same quarter last year.

Range Resources Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Range Resources rarely misses Wall Street’s revenue estimates.

With Range Resources being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for upstream & integrated stocks. However, the segment has faced declining investor sentiment as Range Resources’s peer group is down 4.1% on average over the last month. Range Resources is down 6.8% during the same time .

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