Range Resources Corporation (NYSE:RRC) is one of the cheap energy stocks to buy right now. On February 24, Range Resources reported earnings for 2025, generating over $650 million in free cash flow and $1.3 billion in cash flow from operations. The company averaged 2.24 Bcfe per day in production while achieving record operational efficiencies, including a new benchmark of 9.7 frac stages per day. This performance allowed Range to reduce its net debt by $186 million.
For 2026, Range Resources has established a capital budget of $650 to $700 million, targeting a production increase to between 2.35 and 2.40 Bcfe per day. The strategy focuses on converting a substantial portion of its 500,000-foot drilled-but-uncompleted inventory, which provides a flexible path toward a further production ramp-up to 2.6 Bcfe per day in 2027.
Strategic marketing remains a key pillar of growth, highlighted by a new 10-year agreement to supply natural gas to a Midwest power plant at premium pricing. While Range Resources Corporation anticipates a slight production dip in Q1 2026 due to the timing of infrastructure expansions, a mid-year step-up is expected as new processing capacity comes online.
Range Resources Corporation operates as an independent natural gas, natural gas liquids/NGLs, and oil company in the US. The company explores, develops, and acquires natural gas, NGLs, and oil properties located in the Appalachian region.
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