Range Resources Corporation: Initiation Of Coverage – Does Their Capital Expenditure Cadence & Guidance Warrant A Bullish Rating? 

Range Resources’ management highlighted strong operational performance from Q4 2023 earnings. The company successfully executed its 2023 plan, driving operational improvements, generating free cash flow with leading capital efficiency, and prudently allocating that cash flow to balance returns for shareholders and further debt reduction. The reserves update revealed 16 positive performance revisions, demonstrating the repeatable nature of the company’s Marcellus inventory.