Range Resources Corp filed its 10-Q with the SEC, and its figures are now in our data. Revenue over the twelve months to Q3 2026 was $3.5 billion, rising 20.8% on the year before. That growth rate was down 2.4 percentage points from a quarter earlier.

The main points

Net income rose 55.3% over the year while free cash flow rose 36.5%, indicating reported profit and cash are moving at different speeds.

What the company earns

Earnings grew far faster than cash, telling two different stories. The trailing gross margin was 94.1%. The trailing net margin was 25.2%. Net income over the twelve months was $891.4 million, which rose 55.3% on the year before.

Where the cash went

The cash flow statement shows growth. Operating cash flow over the twelve months was $1.4 billion, up 25.4% on the year before. Capital spending was $654.5 million, or 18.5% of revenue. Free cash flow, operating cash flow less capital spending, was $764.7 million, up 36.5% on the year before. The free-cash-flow margin was 21.7% of revenue, up 2.5 percentage points from a year earlier.

Share count

The average diluted share count fell 1.8% over the year.

Against its own history

Set against the company’s own record, today’s free-cash-flow margin of 21.7% is higher than 33% of past quarterly readings, which have ranged from −21.8% to 62.7%. Today’s twelve-month revenue growth rate of 20.8% is higher than 56% of past readings (−45.0% to 148.4%).

Guidance

The company gave its 2026 guidance for a 2026 all-in capital budget of $650.0 million to $700.0 million, for annual production of 2.35 to 2.4, for direct operating expense of $0.12 to $0.13, and for the 2026 natural gas differential to NYMEX for Natural Gas of $-0.4 to $-0.35.

What it means for value

For valuation, the figures matter through our model. In our model, growth 5 percentage points lower would lower the value by 24.3%, and 5 percentage points higher would raise it by 31.1%. A free-cash-flow margin 1 percentage point lower would lower it by 4.4%.

Next to watch

The next filing will show whether the trends above continue, slow or reverse.