Range Resources: Q1 Earnings Snapshot
FORT WORTH, Texas (AP) _ Range Resources Corp. (RRC) on Tuesday reported a loss of $456.8 million in its first quarter.
The Fort Worth, Texas-based company said it had a loss of $1.86 per share. Earnings, adjusted for non-recurring costs, came to $1.18 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.
The independent oil and gas company posted revenue of $180.7 million in the period. Its adjusted revenue was $986.7 million, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $955.5 million.