企業概要
Range Resources Corporation operates as an independent energy producer focused on the exploration, development, and acquisition of natural gas, natural gas liquids, and oil properties, with a specific operational concentration in the Appalachian region of the United States. The company is categorized within the Energy sector and the Oil & Gas E&P industry, positioning it as a key player in the upstream segment of the hydrocarbon value chain where companies retain ownership of reserves rather than selling them for royalties. As of the latest data, the enterprise holds a market capitalization of $11.29B and reported trailing twelve-month revenue of $2.99B, employing a workforce of 564 individuals to execute its operational strategy. These valuation and revenue figures indicate a substantial mid-cap scale, suggesting the company possesses significant asset base and production capacity relative to smaller exploration entities, while the revenue magnitude reflects its established footprint in the domestic energy landscape.
財務健全性
The company reported total revenue of $2.99B over the trailing twelve months, generating a net income of $656.73M and an EBITDA of $1.36B, which highlights a significant operating expense structure where non-interest costs consume a substantial portion of top-line sales before reaching the bottom line. The gap between the $2.99B revenue and $656.73M net income reveals that operating costs, including depletion, taxes, and general administrative expenses, absorb approximately 78% of gross sales, a typical characteristic of capital-intensive resource extraction. Free cash flow stands at $342.94M, indicating that after capital expenditures required to maintain and expand production, the company retains considerable liquidity for debt servicing, share repurchases, or potential organic growth initiatives. Margins across the business are robust, with a gross margin of 49.6%, an operating margin of 33.6%, and a profit margin of 22.0%, demonstrating efficient cost management and strong pricing power in its commodity markets. Regarding balance sheet leverage, the company holds $204,000 in cash against total debt of $1.37B, resulting in a debt-to-equity ratio of 31.78%, which signifies a leveraged financial structure reliant on external financing rather than a conservative cash-rich stance. Liquidity is assessed via a current ratio of 0.67, indicating that short-term assets are currently insufficient to cover short-term liabilities without relying on cash flow generation or asset liquidation. Management effectiveness is evidenced by a return on equity of 15.9% and a return on assets of 8.2%, metrics that suggest the capital deployed is generating returns above the cost of debt and exceeding the weighted average cost of capital in a volatile commodity environment.
バリュエーション評価
Valuation multiples for Range Resources show a trailing P/E ratio of 17.39 compared to a forward P/E of 11.03, implying that the market expects earnings per share to grow significantly in the coming year, potentially driven by volume expansion or price increases, which compresses the current valuation relative to future expectations. The price-to-book ratio is 2.60, indicating that the stock trades at a 160% premium over its book value, reflecting market confidence in the quality of its reserves and the value of its intangible assets beyond the historical accounting cost. Alternative valuation metrics include a price-to-sales ratio of 3.78 and an EV/EBITDA of 9.24, suggesting the company is priced at a premium relative to peers when adjusted for enterprise value and cash flows, which is common for producers with high free cash flow generation. Price metrics show a 52-week high of $48.31 and a 52-week low of $30.32, providing a trading range within which the current share price must be evaluated to determine relative attractiveness. The beta value is 0.57, indicating that the stock exhibits lower volatility than the broader market, moving less than half as much as the S&P 500 in response to market fluctuations, which offers a distinct risk profile for income-oriented portfolios seeking energy exposure.
Growth & Income
Growth dynamics are characterized by a revenue growth rate of 16.3% year-over-year and an earnings growth rate of 94.1% year-over-year, demonstrating that earnings are expanding at a pace more than five times faster than revenue, likely due to operational leverage and favorable commodity pricing cycles. The company offers a dividend yield of 0.8% with a payout ratio of 13.1%, indicating a highly conservative dividend policy where the payout is well-covered by net income, providing a high degree of sustainability even if earnings volatility occurs. The low payout ratio suggests that the majority of earnings are retained within the company to fund capital projects and reduce debt rather than being distributed to shareholders, aligning with the capital-intensive nature of the oil and gas exploration and production business. Overall, the financial profile combines moderate income distribution with exceptional earnings acceleration, positioning the asset as a growth-oriented energy investment with a safety margin provided by low dividend dependency.