Range Resources: 4Q Earnings Snapshot
FORT WORTH, Texas (AP) _ Range Resources Corp. (RRC) on Thursday reported a loss of $1.81 billion in its fourth quarter.
The Fort Worth, Texas-based company said it had a loss of $7.27 per share. Earnings, adjusted for non-recurring costs, came to 8 cents per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The independent oil and gas company posted revenue of $605.6 million in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $639.4 million.
For the year, the company reported that its loss narrowed to $1.72 billion, or $6.92 per share. Revenue was reported as $2.83 billion.
In the final minutes of trading on Thursday, the company’s shares hit $2.75. A year ago, they were trading at $10.36.