회사 개요
Range Resources Corporation operates as an independent energy producer within the United States, specializing in the exploration, development, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties primarily located in the Appalachian region. The company functions within the Energy sector and specifically the Oil & Gas E&P industry, which involves extracting hydrocarbons and managing upstream operations to supply fuel for residential, commercial, and industrial consumers. Its corporate scale is defined by a market capitalization of $11.29 billion, annual revenue of $2.99 billion, and an employee base of 564 individuals. These financial metrics indicate that the company holds a significant position in the mid-cap segment of the natural gas market, possessing substantial revenue generation capabilities that support its operational footprint across the Appalachian basin.
재무 건전성
The company reported a revenue of $2.99 billion over the trailing twelve months, generating net income of $656.73 million and an EBITDA of $1.36 billion, figures that highlight a robust bottom line relative to top-line sales. The gap between the $2.99 billion in revenue and the $656.73 million in net income reveals a cost structure where operating expenses, including depletion, depletion costs, and taxes, consume approximately 78% of gross revenue before reaching the bottom line. Free cash flow stands at $342.94 million, which provides the company with significant financial flexibility to fund capital expenditures, service debt obligations, or pursue strategic acquisitions without relying heavily on external financing. Operating margins of 33.6%, gross margins of 49.6%, and profit margins of 22.0% demonstrate efficient cost management and high profitability typical of successful upstream operations in favorable commodity environments. On the balance sheet, cash holdings of $204,000 are minimal compared to total debt of $1.37 billion, resulting in a debt-to-equity ratio of 31.78% which suggests a leveraged capital structure rather than a conservative one. A current ratio of 0.67 indicates that current liabilities exceed current assets, suggesting a tight short-term liquidity position that requires careful working capital management to meet immediate obligations. Return on equity of 15.9% and return on assets of 8.2% reveal that management is effectively utilizing shareholder equity and total assets to generate returns, although the ROA is modest relative to the high leverage present on the balance sheet.
밸류에이션 평가
The valuation metrics show a trailing P/E ratio of 17.39 compared to a forward P/E of 11.03, implying that the market expects earnings growth that will compress the multiple over the coming year. The price-to-book ratio of 2.60 indicates that the stock trades at a significant premium over its tangible book value, reflecting investor confidence in the quality of its reserves and future cash flow potential. Alternative valuation measures such as a price-to-sales ratio of 3.78 and an EV/EBITDA of 9.24 suggest the company is valued moderately relative to its sales volume and earnings before interest, taxes, depreciation, and amortization. The stock has historically traded within a 52-week range with a high of $48.31 and a low of $30.32, placing the current valuation context within this established band of volatility. A beta of 0.57 indicates that the stock's price volatility is lower than the broader market, suggesting it may act as a defensive holding within the energy sector during periods of market fluctuation.
Growth & Income
Revenue growth of 16.3% year-over-year combined with earnings growth of 94.1% demonstrates that earnings are expanding at a much faster pace than revenue, which often signals improving operational leverage or favorable commodity pricing effects. Although the company offers a dividend yield of 0.8% with a payout ratio of 13.1%, the low payout ratio indicates that the vast majority of earnings are retained rather than distributed, providing ample room for dividend growth or balance sheet strengthening. Given the high earnings growth rate of 94.1%, the payout ratio remains highly sustainable, ensuring that the dividend is covered many times over by current earnings. The overall growth and income profile reflects a capital-light expansion strategy where strong earnings growth drives value creation while maintaining a modest but consistent dividend distribution for income-focused shareholders.