Range resources corporation (RRC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Sep'08Jun'08
Revenues and other income:
Revenues and other income

460,745

587,113

547,769

656,184

809,868

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transportation and gathering

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,605

2,444

2,152

-505

1,537

1,224

Derivative fair value income (loss)

233,175

18,491

74,676

195,245

-61,731

100,698

-34,591

-103,290

-14,009

25,024

-88,426

111,195

165,557

-250,057

64,556

-162,798

86,908

126,312

202,004

-34,791

122,839

412,422

142,057

-24,109

-146,850

-59,355

-40,355

137,760

-99,875

-5,571

-40,728

148,569

-60,833

-37,879

65,761

53,039

-40,834

-7,226

9,981

6,546

42,333

1,237

-482

-9,856

75,547

272,869

-196,684

Gain on the sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

61,836

949

-3,227

-10,426

3,540

203

-1,622

139

-1,514

67

10,176

67,913

10,374

32

-29

36

-

-

Total revenues and other income

693,920

605,604

622,445

851,429

748,137

1,072,637

811,225

656,184

742,599

679,032

482,232

673,111

776,655

253,522

413,207

101,797

331,413

410,727

479,933

244,601

462,807

868,454

616,448

483,460

457,695

428,086

442,038

673,356

319,239

458,038

299,780

448,931

250,955

303,218

373,969

338,276

215,179

224,053

210,653

205,545

311,385

208,916

172,032

156,206

244,827

622,670

151,803

Costs and expenses:
Production and ad valorem taxes

9,019

8,963

7,805

9,889

11,310

16,656

9,427

10,140

9,926

11,757

11,993

9,969

9,163

6,790

6,717

6,049

5,887

7,354

7,336

9,242

9,928

11,923

10,110

10,844

11,678

11,290

11,454

11,113

11,383

9,881

8,819

11,786

36,634

5,920

7,317

7,550

6,879

6,999

6,903

5,663

6,542

7,095

5,948

6,163

6,330

15,210

16,056

Brokered natural gas and marketing

32,624

46,532

79,938

101,117

132,305

221,626

116,080

102,747

55,594

51,131

59,773

55,857

53,550

46,471

44,622

40,925

36,558

34,942

32,331

27,031

21,562

32,370

28,706

34,775

34,129

41,692

51,117

16,662

22,315

4,994

4,887

6,491

4,062

3,151

3,333

2,981

2,521

-

-

-

-

-

-

-

-

-

-

Exploration

7,077

9,350

11,013

8,109

8,211

10,600

8,299

7,499

7,719

7,893

22,767

14,498

8,504

13,684

6,943

6,785

4,913

4,260

4,235

5,025

7,886

23,638

11,443

13,621

14,846

14,065

20,496

13,068

16,780

18,022

14,752

15,517

21,516

24,982

17,606

11,592

27,187

16,722

15,225

14,420

14,139

10,266

10,433

10,896

12,681

19,149

19,462

Abandonment and impairment of unproved properties

5,413

1,193,711

16,202

12,770

12,659

441,750

6,549

54,922

11,773

217,544

42,568

5,193

4,420

6,307

6,082

7,059

10,628

11,432

12,366

12,330

11,491

14,308

13,444

9,332

9,995

5,852

11,692

19,156

15,218

21,230

40,118

43,641

20,289

27,639

16,627

18,900

16,537

19,025

14,435

9,727

6,551

10,857

8,355

11,406

6,317

5,055

3,474

General and administrative

42,254

42,793

41,047

50,631

46,638

50,090

43,722

47,583

68,417

80,553

53,035

52,322

47,496

57,027

41,024

46,064

40,657

43,544

46,178

55,964

48,329

52,363

54,963

56,888

49,212

60,207

44,919

101,987

84,058

46,582

44,497

44,005

38,729

42,205

35,907

39,120

33,959

40,042

36,523

35,836

28,170

31,381

29,925

29,103

24,910

24,650

23,938

MRD Merger expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

813

33,791

2,621

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Termination costs

1,595

6,481

819

2,206

0

0

-336

0

-37

-279

-47

-96

4,192

-822

136

5

162

8,780

-77

417

5,950

8,371

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

514

0

0

7,938

1,637

842

-

-

-

-

Deferred compensation plan

8,500

-960

8,871

11,142

-3,600

18,072

-223

-6,615

7,397

14,077

9,203

14,466

13,169

11,013

11,636

-25,746

-16,056

-21,016

-43,705

-7,282

-5,624

-36,836

-46,198

10,519

-2,035

22,039

-2,225

-6,878

42,360

-14,352

20,052

9,333

-7,830

9,640

8,717

-5,778

30,630

14,978

-5,347

-14,135

-5,712

1,438

16,445

756

12,434

-37,515

7,539

Interest

47,518

44,024

46,997

51,727

51,537

49,161

54,801

53,862

52,385

51,473

49,179

47,926

47,101

46,749

45,967

37,758

37,739

40,849

42,904

43,479

39,207

38,900

39,188

45,488

45,401

44,955

44,321

45,071

42,210

44,708

43,997

42,888

37,205

34,709

34,181

31,383

24,779

25,100

23,363

21,271

20,931

19,590

19,643

18,952

17,076

25,373

23,842

Gain on early extinguishment of debt

12,923

2,430

2,985

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

-22,495

0

0

-

-

-24,596

-

-

-

-12,280

-

-11,063

-

-

-

-

4

-18,580

-

-

-5,351

-

-

-

-

-

-

-

-

Depletion, depreciation and amortization

102,986

130,869

137,751

141,505

138,718

147,909

164,266

161,026

162,266

162,918

159,749

152,504

149,821

149,662

131,489

122,390

120,561

127,977

153,993

151,895

147,290

146,539

142,450

133,361

128,682

126,958

130,343

119,995

115,101

113,216

123,059

108,802

100,151

97,092

93,619

78,294

72,216

72,888

69,730

67,813

64,807

77,833

69,213

61,461

58,641

76,690

72,115

Impairment of goodwill

-

-

-

-

-

1,641,197

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of proved properties

77,000

1,095,634

0

0

0

0

0

15,302

7,312

0

63,679

0

0

0

0

0

43,040

87,941

502,233

0

0

3,033

-

24,991

-

-

7,012

741

-

34,273

1,281

-

-

-

38,681

-

-

0

0

0

6,505

930

-

-

-

-

-

(Gain) loss on the sale of assets

122,100

407

-36,341

5,867

-189

-10,815

-30

156

23

207

102

807

22,600

470

-2,597

-3,304

-1,643

-408,909

-681

2,909

-175

3,760

167

282,064

-353

3,162

6,008

83,287

-166

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total costs and expenses

498,727

2,909,783

697,245

696,145

741,030

2,905,843

738,549

764,538

650,685

806,927

681,924

545,910

494,149

509,812

468,883

456,221

467,161

896,841

915,662

425,170

412,757

418,352

376,508

194,095

406,217

428,238

410,994

431,879

442,029

375,112

382,690

354,248

320,598

305,832

318,243

259,797

268,507

244,009

207,216

176,136

184,667

184,703

183,276

164,628

164,601

165,144

203,654

Income before income taxes

195,193

-2,304,179

-74,800

155,284

7,107

-1,833,206

72,676

-108,354

91,914

-127,895

-199,692

127,201

282,506

-256,290

-55,676

-354,424

-135,748

-486,114

-435,729

-180,569

50,050

450,102

239,940

289,365

51,478

-152

31,044

241,477

-122,790

82,926

-82,910

94,683

-69,643

-2,614

55,726

78,479

-53,328

-19,956

3,437

29,409

126,718

24,213

-11,244

-8,422

80,226

457,526

-51,851

Income tax (benefit) expense:
Current

-363

2,068

4,079

0

0

0

0

0

0

17

0

0

0

98

0

0

0

29

0

0

0

-4

0

-1

6

-143

-

-25

25

-1,778

0

-

-

636

-7

8

-

-826

-10

-

-

-560

-695

619

-

2,374

949

Deferred

50,581

-500,927

-51,298

40,099

5,688

-68,784

24,137

-28,518

42,676

-349,097

-71,992

57,651

112,395

-95,679

-13,705

-129,488

-41,976

-164,316

-134,781

-61,975

22,366

166,052

93,522

117,977

18,951

-28,180

11,866

97,519

-47,205

31,742

-29,074

39,007

-27,843

-425

22,547

32,695

-19,897

-9,823

794

11,763

49,012

22,638

-2,184

-3,388

29,363

170,202

-20,445

Total (benefit) expense for income taxes

50,218

-498,859

-47,219

40,099

5,688

-68,784

24,137

-28,518

42,676

-349,080

-71,992

57,651

112,395

-95,581

-13,705

-129,488

-41,976

-164,287

-134,781

-61,975

22,366

166,048

93,522

117,976

18,957

-28,323

11,866

97,494

-47,180

29,964

-29,074

39,007

-27,843

211

22,540

32,703

-19,897

-10,649

784

11,763

49,012

22,078

-2,879

-2,769

29,363

172,576

-19,496

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,825

33,186

45,776

-33,431

-9,307

2,653

17,646

77,706

2,135

-8,365

-5,653

50,863

-

-

Discontinued operations, net of taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-164

1,569

5,517

8,398

-308,412

-10,821

-8,594

-127

-18,912

-21,453

-34,230

-18,255

-

-

Net income

144,975

-1,805,320

-27,581

115,185

1,419

-1,764,422

48,539

-79,836

49,238

221,185

-127,700

69,550

170,111

-160,709

-41,971

-224,936

-93,772

-321,827

-300,948

-118,594

27,684

284,054

146,418

171,389

32,521

28,171

19,178

143,983

-75,610

52,962

-53,836

55,676

-41,800

-2,989

34,755

51,293

-25,033

-317,719

-8,168

9,052

77,579

-16,777

-29,818

-39,883

32,608

284,950

-32,355

Net income per common share:
- discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.01

0.04

0.05

-1.96

-0.07

-0.05

-

-0.12

-0.14

-0.22

-0.12

-

-

Basic

0.58

-7.27

-0.11

0.46

0.01

-7.15

0.19

-0.32

0.20

0.89

-0.52

0.28

0.69

-0.66

-0.23

-1.35

-0.56

-1.93

-1.81

-0.71

0.16

1.68

0.87

1.04

0.20

0.17

0.12

0.88

-0.47

0.33

-

-

-

-0.02

0.22

0.32

-0.16

-2.02

-0.05

0.06

0.49

-0.11

-0.19

-0.26

0.21

1.87

-0.22

- discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.01

0.04

0.05

-1.96

-0.07

-0.05

-

-0.12

-0.14

-0.22

-0.12

-

-

Diluted

0.58

-7.27

-0.11

0.46

0.01

-7.15

0.19

-0.32

0.20

0.89

-0.52

0.28

0.69

-0.66

-0.23

-1.35

-0.56

-1.93

-1.81

-0.71

0.16

1.68

0.86

1.04

0.20

0.17

0.12

0.88

-0.47

0.32

-

-

-

-0.02

0.21

0.32

-0.16

-2.02

-0.05

0.06

0.48

-0.11

-0.19

-0.26

0.21

1.81

-0.22

Dividends paid per common share

0.00

-

0.02

0.02

0.02

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.04

0.04

0.04

-

-

-

-

-

-

-

-

-

-

-

-

0.04

0.04

Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.34

0.34

-0.26

-0.02

0.21

0.28

-0.21

-0.06

0.02

0.11

0.49

0.01

-0.05

-0.04

0.33

-

-

Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.34

0.34

-0.26

-0.02

0.20

0.28

-0.21

-0.06

0.02

0.11

0.48

0.01

-0.05

-0.04

0.33

-

-

Weighted average common shares outstanding:
Basic

246,218

248,246

248,088

247,770

247,776

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

159,836

159,563

159,412

158,913

-

-

-

-

-

-

-

-

-

-

-

-

152,765

150,772

Diluted

247,684

245,411

248,385

248,930

249,154

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

162,722

159,563

160,030

158,913

-

-

-

-

-

-

-

-

-

-

-

-

157,729

150,772

Natural Gas, NGLs and Oil Sales
Revenues and other income

432,096

545,438

474,754

563,579

671,654

756,627

736,431

661,390

696,629

603,159

507,541

506,137

559,450

458,645

304,477

224,606

209,487

254,043

252,065

258,053

325,483

416,388

446,067

477,517

572,017

448,545

431,214

437,678

398,239

398,688

337,040

298,349

317,617

331,720

304,230

285,353

251,963

231,879

203,255

187,523

200,633

204,175

170,513

168,297

171,579

347,720

347,622

Brokered Natural Gas, Marketing and Other
Revenues and other income

28,649

41,675

73,015

92,605

138,214

215,312

109,385

98,084

59,979

50,849

63,117

55,779

51,648

44,934

44,174

39,989

35,018

30,372

25,864

21,339

14,485

39,644

28,324

30,052

32,528

35,734

45,171

14,631

21,041

3,085

2,519

5,240

4,597

-5,837

-3,775

-1,506

-3,911

914

-2,650

1,300

506

-3,265

-475

-4,358

-1,830

544

-359

Direct Operating
Costs and expenses

32,035

33,792

35,276

33,981

33,227

35,395

30,926

35,088

38,122

37,921

36,888

31,420

28,023

30,276

22,387

20,671

24,054

29,388

35,058

34,780

37,137

37,961

37,792

34,935

39,795

34,360

30,907

32,636

30,188

30,214

29,628

27,041

29,022

25,918

29,828

28,509

28,717

27,732

25,535

21,171

21,836

23,676

22,472

25,891

26,212

36,532

37,228

Transportation, Gathering, Processing and Compression
Costs and expenses

284,765

299,511

295,912

301,219

302,655

298,716

304,562

269,910

244,628

200,300

191,645

191,590

177,648

164,338

138,764

136,844

125,263

112,481

99,634

95,198

89,426

89,542

84,777

76,809

74,161

66,820

60,958

66,048

62,416

55,281

51,600

44,744

40,820

34,576

32,431

28,666

25,082

20,009

15,498

14,370

12,960

-

-

-

-

-

-