Shares of Range Resources (RRC) fell 3.1% in pre-market trading on Tuesday after the petroleum and natural gas exploration and production company reported mixed Q2 results. Revenues of $644.1 million exceeded the consensus estimate of $567.6 million. However, adjusted earnings of $0.24 per share fell short of analysts’ expectations of $0.26 per share. The company reported a loss of $0.10 per share in the prior-year period. Range Resources reported total production of 2.10 billions of cubic feet equivalent (Bcfe) per day. For the full year 2021, the company expects production to average 2.15 Bcfe per day, which includes 30% attributable to liquids production.
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Range Resources (NYSE:RRC)
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