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8-KThe WireStrategic

Results of Operations

Filed Feb 8, 2023 · 3y ago · Accession 0000950170-23-002171

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Material event — a significant development the company must disclose promptly.

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 8, 2023 ( February 8, 2023 )   RANGE RESOURCES CORP ORATION (Exact name of Registrant as Specified in Its Charter)     Delaware 001-12209 34-1312571 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)       100 Throckmorton Street , Suite 1200 Fort Worth , Texas   76102 (Address of Principal Executive Offices)   (Zip Code) Registrant’s Telephone Number, Including Area Code: ( 817 ) 870-2601 Not Applicable (Former Name or Former Address, if Changed Since Last Report)   Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $0.01 par value   RRC   New York Stock Exchange Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       ITEM 2.02. Results of Operations and Financial Condition.   The following table summarizes the net derivative fair value loss that Range Resources Corporation expects to report in earnings for the three months ended December 31, 2022 (in thousands):     Three Months Ended December 31,       2022   Derivative fair value gain per consolidated statements of operations $ 448,181           Non-cash fair value gain (loss):       Natural gas derivatives $ 664,738   Oil derivatives   (4,202 ) NGLs derivatives   (6,394 ) Divestiture contingent consideration   (21,330 ) Total non-cash fair value gain $ 632,812                   Net cash (payment) received on derivative settlements:       Natural gas derivatives (1) $ (203,422 ) Oil derivatives   (12,215 ) NGLs derivatives   6,506   Divestiture contingent consideration   24,500   Total net cash payment $ (184,631 ) (1) Includes gain of $26.5 million related to settled natural gas basis derivatives. The information contained in this current report shall not be deemed “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934, nor shall it be deemed incorporated by reference into any registration statement or other filing pursuant to the Securities Act of 1933, except as otherwise expressly stated in such filing. 2   SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.     RANGE RESOURCES CORPORATION         By: /s/  MARK S. SCUCCHI   Mark S. Scucchi   Senior Vice President-Chief Financial Officer     Date: February 8, 2023       3
Filing details
Ticker
RRC
CIK
315852
Form type
8-K
Filing date
Feb 8, 2023
Report date
Feb 8, 2023
Document
rrc-20230208.htm
Size
215 KB