What does PA — asset impairment charges mean?

The accounting loss recognized when the value of regional assets is reduced due to lower expected future profitability.

How do you interpret PA — asset impairment charges?

An increase signals deteriorating asset economics or lower commodity price expectations, while a decrease indicates stable or improving asset valuations.

How does PA — asset impairment charges compare across companies?

Standardized across the E&P industry as 'impairment of oil and gas properties' under GAAP/IFRS.

Range Resources RRC PA — Asset Impairment Charges

Discontinued — last reported Q2 '18

Similar metrics at other companies

ARReportable Legal Entities — Impairment Of Oil And Gas Properties

$134.44M+785%

OVVCA — Results Of Operations Impairment Of Oil And Gas Properties

$217.75M+93.6%

ARReportable Legal Entities — Asset Impairment Charges

$4.61M-21.2%

APAU.S. — Impairments

$4.5M-10.0%

APAOil and Gas, Exploration and Production — Impairments related to oil and gas properties

$4.5M-98.4%

ARAntero Midstream — Impairment Of Oil And Gas Properties Proved

$1.38M-99.8%

Other financials

Income statement

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Revenue$1.0B+49.8%

Gross profit$976.0M+54.4%

Net income$341.6M+252%

EPS (diluted)$1.44+260%

Balance sheet

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Cash & equivalents$247.0K-99.9%

Total debt$159.9M-77.5%

Total equity$4.6B+16.8%

Total assets$7.4B+0.3%

Cash flow

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Operating cash flow$619.1M+87.6%

Valuation

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Market cap$8.57B+10.4%

Enterprise value$8.73B+7.9%

P/E9.5×-19.1×

P/S2.5×-0.7×

Profitability

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Gross margin94.6%+1.4pp

Net margin26.1%+15.1pp

FCF margin25.6%—

Returns & leverage

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Return on equity21.1%+14.1pp

Debt / equity0×-0.1×

Current ratio0.6×0.0×

Where this comes from

Reported directly by Range Resources in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The official record: Range Resources’s 10-Q, filed October 23, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does PA — asset impairment charges mean?: The accounting loss recognized when the value of regional assets is reduced due to lower expected future profitability.
How do you interpret PA — asset impairment charges?: An increase signals deteriorating asset economics or lower commodity price expectations, while a decrease indicates stable or improving asset valuations.
How does PA — asset impairment charges compare across companies?: Standardized across the E&P industry as 'impairment of oil and gas properties' under GAAP/IFRS.