Range Resources (NYSE:RRC) sees net cash gains despite derivative losses

Range Resources Corporation (NYSE:RRC) has reported its quarterly results for the three months ended June 30, 2024, revealing a net derivative fair value income of $16.8 million.

The company also faced a total non-cash fair value loss of $111.2 million on natural gas, oil, and NGL derivatives.

Despite these losses, Range Resources achieved a positive outcome with a total net cash receipt of $128.1 million from derivative settlements during the quarter.