FilingIndex
8-KThe WireStrategic

Results of Operations

Filed Oct 12, 2023 · 2y ago · Accession 0000950170-23-053120

Plain English

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

Read the source below for the full document.

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): October 12, 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 income that Range Resources Corporation expects to report in earnings for the three months ended September 30, 2023 (in thousands):     Three Months Ended September 30,       2023   Derivative fair value income per consolidated statements of operations $ 38,394           Non-cash fair value (loss):       Natural gas derivatives $ (26,222 ) Oil derivatives   (12,036 ) Divestiture contingent consideration   (790 ) Total non-cash fair value loss $ (39,048 )                 Net cash receipt (payment) on derivative settlements:       Natural gas derivatives (1) $ 82,472   Oil derivatives   (5,030 ) Total net cash receipt $ 77,442   (1) Includes income of $63.9 million related to settled NYMEX natural gas derivatives and $18.6 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   Executive Vice President-Chief Financial Officer     Date: October 12, 2023       3
Filing details
Ticker
RRC
CIK
315852
Form type
8-K
Filing date
Oct 12, 2023
Report date
Oct 12, 2023
Document
rrc-20231012.htm
Size
196 KB