range-resources

Overview

Range Resources Corporation (RRC) is a leading U.S. natural gas and natural gas liquids (NGL) producer, primarily engaged in the Appalachian region with a strong presence in the Marcellus Shale. Headquartered in Fort Worth, Texas, Range Resources is recognized among the top ten natural gas producers in the United States. The company's strategic focus includes stacked-pay projects, which enhance its competitiveness within the energy market.

Leadership Team

Range Resources' strategic vision is guided by a seasoned leadership team, composed of experienced professionals:

• Chief Executive Officer & President: Dennis L. Degner has served since May 10, 2023, after joining the company in 2010. With more than 20 years in oil and gas, Degner has expertise spanning various U.S. regions, including Pennsylvania and Texas. He holds a Bachelor’s Degree in Agricultural Engineering from Texas A&M University.

• Chief Financial Officer: Mark S. Scucchi, EVP and CFO since 2008, previously worked at JPMorgan Securities and Ernst & Young. He holds a Bachelor’s in Business Administration from Georgetown University and a Master’s in Accountancy from the University of Notre Dame. Scucchi is a CPA and CFA.

• General Counsel & Corporate Secretary: Erin W. McDowell became Senior VP in March 2023, having joined Range in 2015. McDowell has a Bachelor of Arts from Bucknell University and a JD from the University of Pittsburgh School of Law.

• Vice President of Human Resources: Juli G. Basinger joined Range in 2008, bringing experience from Hunt Petroleum Corporation. She holds a Bachelor’s in Marketing and Management from Baylor University, along with SPHR and SHRM-SCP certifications.

• Senior Vice President – Reservoir Engineering & Economics: Alan W. Farquharson, at Range since 1998, boasts a background at Union Pacific Resources, Amoco, and Hunt Oil, with a Bachelor’s in Electrical Engineering from Pennsylvania State University.

• Vice President – Controller & Principal Accounting Officer: Ashley S. Kavanaugh has been with Range since 2012 and is a seasoned CPA. She earned her bachelor's and master's degrees in Accountancy from Baylor University.

• Senior Vice President of Corporate Strategy & Investor Relations: Laith K. Sando, with Range since 2002, holds a Bachelor’s in Business Administration from Texas Wesleyan University and an MBA in Finance from The University of Texas at Arlington.

Recent Developments and Achievements

Range Resources has made significant strides with a 12.5% increase in its quarterly dividend, maintaining its status as one of America's Most Responsible Companies for four consecutive years. This achievement underscores its strong commitment to sustainable practices and operational excellence.

Board of Directors

Range Resources benefits from the guidance of a robust board of directors, ensuring sound governance:

• Chris S. Kendall: A director since February 2025, Kendall has over 30 years in the global oil and gas industry and brings experience as the former CEO of Denbury Inc. He also serves on the boards of NOV Inc. and California Resources Corporation.

• Margaret K. Dorman: On the board since 2019, Dorman has significant energy sector experience, having served as CFO at Smith International pre-acquisition by Schlumberger. She holds directorial roles at Equitrans Midstream Corporation and Rubicon Oilfield International.

Financial Metrics and Market Trends

• Market Cap: $8.51 billion

• P/E Ratio: 17.81

• Dividend Yield: 0.90%

• 1-Year Performance: 6.52% increase

Competitor Profiling

EQT Corporation

• Headquarters: Pittsburgh, Pennsylvania

• Founded: 1888

• Industry: Natural gas production

• Operations: Appalachian Basin

• Achievements: Achieved Net Zero on Scope 1 and 2 emissions; joint venture with Blackstone Credit valued at $3.5 billion.

Devon Energy

• Headquarters: Oklahoma City, Oklahoma

• Founded: 1971

• Operations: Focus on U.S. onshore, notably the Delaware Basin and Eagle Ford Shale.

• Strategy: Emphasizes operational excellence, reducing carbon intensity, and enhancing shareholder value.

Matador Resources

• Headquarters: Dallas, Texas

• Founded: 2003

• Operations: Delaware Basin and Eagle Ford Shale

• Recent Developments: 25% dividend increase reflecting strong financial discipline.

Comstock Resources

• Headquarters: Frisco, Texas

• Operations: Haynesville Shale

• Focus: Growth through acquisitions and development.

Strategic Positioning

Range Resources leverages its strengths through disciplined resource management and strategic capital deployments. In a competitive landscape, the company aligns its operations with a focus on sustainability and efficient production, positioning itself alongside peers who are also emphasizing renewable transitions and sound governance practices.