Range Resources (RRC) Q2 Earnings Beat on Higher Production
RRC's Q2 2024 earnings were 46 cents, surpassing estimates of 36 cents. Quarterly revenues rose to $641 million, exceeding expectations of $629 million. Production averaged 2,152.9 Mcfe/d, beating projections of 2,107.2 Mcfe/d. Natural gas production grew by 5%, but oil output fell by 10%. Total costs declined by 12%, reaching $520 million, lower than expectations.
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