山脉资源 2025年季度报告

Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file YesþNo¨ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter)during the preceding 12 months (or for such shorter YesþNo¨ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). 238,973,740shares of common stock were outstanding on April 18,2025 PART I – FINANCIAL INFORMATION ITEM 1.Financial Statements:Consolidated Balance Sheets Consolidated Statements of Income (Unaudited)Consolidated Statements of Comprehensive Income (Unaudited) Consolidated Statements of Cash Flows (Unaudited)Consolidated Statements of Stockholders’ Equity (Unaudited)Notes to Consolidated Financial Statements (Unaudited)ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsITEM 3.Quantitative and Qualitative Disclosures about Market RiskITEM 4.Controls and Procedures PART II – OTHER INFORMATION ITEM 1.Legal ProceedingsITEM 1A.Risk FactorsITEM 2.Unregistered Sales of Equity Securities and Use of ProceedsITEM 5.Other InformationITEM 6.ExhibitsSIGNATURES RANGE RESOURCES CORPORATION NOTESTO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) (1)BASIS OF FINANCIAL STATEMENT PRESENTATION Range Resources Corporation ("Range" or "the Company") is an independent natural gas, natural gas liquids ("NGLs") andoil (predominately condensate referred to herein as "oil") company engaged in the exploration, development and acquisition of During interim periods, the Company follows the same accounting policies disclosed in its Annual Report on Form 10-K forthe year ended December 31, 2024 filed with the SEC on February 25, 2025 (the "Form 10-K"), except for any new accountingpronouncements adopted during the interim period. These consolidated financial statements are unaudited and should be read inconjunction with the Notes to the Consolidated Financial Statements and information presented in the Form 10-K. In management's We make certain reclassifications to the prior year statements to conform with the current year presentation. Thesereclassifications have no impact on previously reported stockholders' equity, net income or cash flows. (2)REVENUES FROM CONTRACTS WITH CUSTOMERS Disaggregation of Revenue All of the Company's revenues from contracts with customers have title transfer in the United States ("U.S.") and arerecognized at the point in time when control is transferred to the customer and collectibility is reasonably assured. Accountsreceivable attributable to our revenue contracts with customers was $326.5million at March 31, 2025and $291.5million at (3)INCOME TAXES We evaluate and update our annual effective income tax rate on a quarterly basis based on current and forecasted operatingresults and tax laws. For the three months ended March 31, 2025, our overall effective tax rate was different than the federalstatutory rate due primarily to tax credits, state income taxes and equity compensation. Current income taxes reflect estimated state (4)NET INCOME PER COMMON SHARE The following sets forth a reconciliation of net income to basic net income attributable to common shareholders to diluted netincome attributable to common shareholders (in thousands, except per share amounts): The following details weighted average common shares outstanding and diluted weighted average common sharesoutstanding (in thousands): Weighted average common shares outstanding – basic Weighted average common shares outstanding–basic for first quarter 2025 excludes741,000shares of restricted stock heldin our deferred compensation plan compared to1.6millionshares in first quarter 2024 (although all awards are issued andoutstanding upon grant). For the three months ended March 31, 2025, equity grants of245,000shares compared to127,000sharesin the same period of the prior year were outstanding but not included in the computation of diluted net income because the grant (5)INDEBTEDNESS We had the following debt outstanding as of the dates shown below (in thousands): Senior notes: Nointerest was capitalized during thethree months