Earnings Preview: Range Resources

Range Resources Corporation (RRC) is expected to report Q3 earnings on Wednesday after the closing bell with a conference call scheduled for Thursday, October 23 at 1:00 pm ET.

Guidance

Analysts are looking for a profit of 49c on revenue of $326.04M. The consensus is 39c to 62c for EPS, and revenue of $299.3M to $362.23M, according to First Call. For Q2, Range Resources reported EPS of 48c vs. consensus of 54c and revenue of $347.6M vs. consensus of $316.88M.

On October 10, Range Resources reported record Q3 production numbers, with production volumes that rose to 387 Mmcfe per day, a 19% increase over the prior-year period. Range Resources has posted 23 consecutive quarters of sequential production growth. Approximately 80% of the company's production in the quarter was natural gas.