Range Historical Income Statement
| RRC Stock | USD 35.59 0.69 1.90% |
Historical analysis of Range Resources income statement accounts such as Other Operating Expenses of 878.7 M, Operating Income of 973.3 M, EBIT of 1.3 B or Ebitda of 1.7 B can show how well Range Resources Corp performed in making a profits. Evaluating Range Resources income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Range Resources's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Range Resources Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Range Resources Corp is a good buy for the upcoming year.
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About Range Income Statement Analysis
Range Resources Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Range Resources shareholders. The income statement also shows Range investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Range Resources Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Range Resources Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Range Resources Corp. It is also known as Range Resources overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Range Resources Corp income statement and represents the costs associated with goods and services Range Resources provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from Range Resources' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Range Resources Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Range Resources Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. At present, Range Resources' Gross Profit is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 973.3 M, whereas Depreciation And Amortization is forecasted to decline to about 344.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 184.2M | 228.4M | 217.9M | 208.2M | Cost Of Revenue | 2.0B | 2.1B | 142.4M | 135.3M |
Range Resources income statement Correlations
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Range Resources Account Relationship Matchups
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Range Resources income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 1.6B | 414.6M | 371.8M | 382.0M | 396.5M | 344.6M | |
| Interest Expense | 186.9M | 184.2M | 218.0M | 156.9M | 124.0M | 87.2M | |
| Total Revenue | 2.6B | 1.8B | 3.6B | 5.3B | 2.6B | 2.7B | |
| Gross Profit | 318.7M | (6.9M) | 1.6B | 3.2B | 2.4B | 2.5B | |
| Other Operating Expenses | 2.5B | 2.0B | 2.2B | 2.3B | 1.6B | 878.7M | |
| Operating Income | 117.3M | (217.3M) | 1.3B | 2.9B | 927.0M | 973.3M | |
| Ebit | 117.3M | (544.7M) | 629.4M | 1.6B | 1.2B | 1.3B | |
| Ebitda | 1.8B | (130.1M) | 1.0B | 2.0B | 1.6B | 1.7B | |
| Cost Of Revenue | 2.3B | 1.8B | 2.0B | 2.1B | 142.4M | 135.3M | |
| Total Operating Expenses | 209.4M | 189.4M | 184.2M | 228.4M | 217.9M | 208.2M | |
| Income Before Tax | (2.2B) | (737.3M) | 402.0M | 1.4B | 1.1B | 1.2B | |
| Total Other Income Expense Net | (2.3B) | (520.0M) | (1.3B) | (1.9B) | 173.4M | 182.0M | |
| Net Income | (1.7B) | (711.8M) | 411.8M | 1.2B | 871.1M | 914.7M | |
| Income Tax Expense | (500.3M) | (25.6M) | (9.7M) | 230.5M | 229.2M | 240.7M | |
| Selling General Administrative | 172.8M | 156.8M | 160.7M | 166.3M | 164.7M | 111.7M | |
| Net Income Applicable To Common Shares | (1.7B) | (711.8M) | 411.8M | 1.2B | 1.0B | 1.1B | |
| Selling And Marketing Expenses | 359.9M | 173.3M | 365.4M | 424.2M | 218.6M | 182.2M | |
| Net Income From Continuing Ops | (1.7B) | (711.8M) | 411.8M | 1.2B | 871.1M | 914.7M | |
| Non Recurring | 2.2B | 2.4B | 678.4M | 52.4M | 60.3M | 57.3M | |
| Non Operating Income Net Other | (10.7M) | (24.8M) | 124.9M | 603K | 693.5K | 728.1K | |
| Tax Provision | (500.3M) | (25.6M) | (9.7M) | 230.5M | 229.2M | 240.7M | |
| Interest Income | 32.4M | 5.0M | 877.6M | 1.4B | 1.6B | 1.6B | |
| Net Interest Income | (194.3M) | (192.7M) | (227.3M) | (165.1M) | (124.0M) | (130.2M) | |
| Reconciled Depreciation | 1.6B | 473.3M | 364.6M | 353.4M | 350.2M | 518.0M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Range Resources Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Range Resources' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Range Resources Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Range Resources Corp Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Range Resources Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Range Resources. If investors know Range will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Range Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.04 | Dividend Share 0.32 | Earnings Share 2 | Revenue Per Share 9.79 | Quarterly Revenue Growth (0.01) |
The market value of Range Resources Corp is measured differently than its book value, which is the value of Range that is recorded on the company's balance sheet. Investors also form their own opinion of Range Resources' value that differs from its market value or its book value, called intrinsic value, which is Range Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Range Resources' market value can be influenced by many factors that don't directly affect Range Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Range Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Range Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Range Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.