Capital spending was $175 million, approximately 30% of the 2023 budget
Therefore, FCF was negative. The impact of this is buried in Current liabilities as they didn't show a full cash flow statement.
They reported the total hedge gain in revenue, (no one does that)
Realized prices on NG (before hedges) was a stunning 1.63, 2.34 with hedges vs 2.54 Dan's model down from 3.58 in Q1
About what I expected. A gasser with negative FCF.
https://ir.rangeresources.com/static-files/7c15d0af-404b-41de-af8d-27dc5d2e34f5