Range Resources: Is The Long-Term Inventory Advantage in the Marcellus Shale Sustainable?

Range Resources Corporation recently reported its third-quarter 2025 financial outcomes, demonstrating both strengths and challenges within its operations. The company’s financial performance showed a consistent execution of its strategic plan, with an all-in capital expenditure of $190 million resulting in a production output of approximately 2.2 Bcf equivalent per day. This performance aligns with Range Resources’ year-to-date investment of $491 million, keeping it on target with the annual guidance range of $650 million to $680 million. On the operational front, Range Resources capitalized on efficiencies through extended horizontal development and cost-effective use of existing infrastructure. Such efforts have contributed to operational savings by refining drilling techniques, resulting in significantly long laterals at competitive costs. In terms of future outlook, Range Resources anticipates increasing its production to 2.3 Bcf equivalent per day in the fourth quarter and further to 2.