UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 2.02. Results of Operations and Financial Condition.
The following table summarizes the net derivative fair value income that Range Resources Corporation expects to report in earnings for the three months ended September 30, 2023 (in thousands):
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Three Months Ended September 30, |
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2023 |
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Derivative fair value income per consolidated statements of operations |
$ |
38,394 |
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Non-cash fair value (loss): |
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Natural gas derivatives |
$ |
(26,222 |
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Oil derivatives |
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(12,036 |
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Divestiture contingent consideration |
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(790 |
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Total non-cash fair value loss |
$ |
(39,048 |
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Net cash receipt (payment) on derivative settlements: |
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Natural gas derivatives (1) |
$ |
82,472 |
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Oil derivatives |
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(5,030 |
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Total net cash receipt |
$ |
77,442 |
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The information contained in this current report shall not be deemed “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934, nor shall it be deemed incorporated by reference into any registration statement or other filing pursuant to the Securities Act of 1933, except as otherwise expressly stated in such filing.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
RANGE RESOURCES CORPORATION |
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By: |
/s/ MARK S. SCUCCHI |
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Mark S. Scucchi |
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Executive Vice President-Chief Financial Officer |
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Date: October 12, 2023
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