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Range Resources RRC Exploration Expense

Exploration Expense at other companies

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$39.3M+278%
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$16M-20.0%
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$26M-13.3%
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Other financials

Income statement

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Revenue$833.6M-2.7%
Gross profit$774.2M-5.7%
Net income$195.3M-17.8%
EPS (diluted)$0.83-16.2%

Balance sheet

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Cash & equivalents$247.0K+84.3%
Total debt$149.5M-13.3%
Total equity$4.7B+14.1%
Total assets$7.6B+6.4%

Cash flow

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Operating cash flow$235.0M-30.1%

Valuation

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Market cap$9.41B+15.7%
Enterprise value$9.56B+15.1%
P/E10.9×-6.0×
P/S2.7×-0.2×

Profitability

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Gross margin93.9%-0.1pp
Net margin25%+7.8pp
FCF margin25.6%

Returns & leverage

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Return on equity19.5%+7.5pp
Debt / equity0.0×
Current ratio0.6×+0.1×

Where this comes from

Reported directly by Range Resources in its filing.

Tagged under the XBRL concept us-gaap:ExplorationExpense.

The source filing: Range Resources’s 10-Q, filed July 21, 2026.

Filed
Jul 21, 2026, 4:45 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-310446
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Transportation, gathering, processing and compression316,812304,714640,141610,823
Taxes other than income6,9267,83512,74914,822
Brokered natural gas, NGLs and marketing59,33734,985117,46093,186
Exploration6,4987,92812,52814,319
Abandonment and impairment of unproved properties4,5616,7818,45811,355
General and administrative47,70742,14693,05883,837
Exit costs9,5698,50216,51917,399
Deferred compensation plan(1,756)(88)7872,791

ITEM 1. Financial Statements

FAQ

What is Range Resources's exploration expense?
Range Resources (RRC) reported exploration expense of $6.5M in Q2 2026.
How has Range Resources's exploration expense changed year-over-year?
Range Resources's exploration expense decreased by 18.0% year-over-year, from $7.93M to $6.5M.
What is the long-term trend for Range Resources's exploration expense?
Over 4 years (2021 to 2025), Range Resources's exploration expense has grown at a 6.4% compound annual growth rate (CAGR), from $23.56M to $30.18M.
What does exploration expense mean?
Costs incurred in the search for new oil and gas reserves, including geological and geophysical studies and the cost of carrying and retaining unproved properties. These expenses are essential for long-term reserve replacement but do not directly generate immediate revenue.

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