Energy Prospectus

FORT WORTH, Texas, Oct. 07, 2022 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that its third quarter 2022 financial results news release will be issued Monday, October 24 after the close of trading on the New York Stock Exchange.

A conference call to review the financial results is scheduled on Tuesday, October 25 at 9:00 a.m. ET (8:00 a.m. CT). A webcast of the call may be accessed at www.rangeresources.com. The webcast will be archived for replay on the Company's website until November 23, 2022.
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Looks like RRC will report Q3 results first. I do expect AR, EQT and MTDR to also report the last week of October.

RRC closed at $27.09 on Oct 7. My current valuation is $50.00 per share.
Based on my forecast, RRC's adjusted net income for Q3 (not including the non-cash MTM gain on their hedges) should be approximately $408 million, $1.64 per share. First Call's EPS forecast is $1.37 for Q3, so an earnings beat is likely.
Based on my forecast, RRC should generate over $9.00 of operating cash flow per share and over $7.00 of FCF per share.
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Why Range Resources (RRC) is Poised to Beat Earnings Estimates Again
Zacks Equity Research
Fri, October 7, 2022 at 11:10 AM·3 min read

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Range Resources (RRC), which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry, could be a great candidate to consider.

When looking at the last two reports, this independent oil and gas company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 3.78%, on average, in the last two quarters.

For the most recent quarter, Range Resources was expected to post earnings of $1.21 per share, but it reported $1.27 per share instead, representing a surprise of 4.96%. For the previous quarter, the consensus estimate was $1.15 per share, while it actually produced $1.18 per share, a surprise of 2.61%.

Read more: https://finance.yahoo.com/news/why-rang ... 04910.html