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Earnings Call Summary | Range Resources(RRC.US) Q1 2024 Earnings Conference

Earnings Call Summary | Range Resources(RRC.US) Q1 2024 Earnings Conference

業績電話會議摘要 | Range Resources (RRC.US) 2024 年第一季度業績會議
富途資訊 ·  04/25 00:38  · 電話會議

The following is a summary of the Range Resources Corporation (RRC) Q1 2024 Earnings Call Transcript:

以下是山脈資源公司(RRC)2024年第一季度業績電話會議記錄的摘要:

Financial Performance:

財務業績:

  • Range Resources Corporation recorded a production of 2.14 Bcf equivalent per day with a capital spend of $170 million in Q1 2024.

  • The company registered highest liquids production profile in years at 32%.

  • Realized price per unit of production before NYMEX hedging was $0.70 above NYMEX Henry Hub prices and $3.54 per MCFE including hedges.

  • Cash margins per unit of production were $1.59, leading to cash flow before working capital of around $308 million.

  • Debt was reduced, net of cash of $150 million along with about $19 million in dividends and $24 million paid for common shares withheld for taxes on equity compensation.

  • 2024年第一季度,Range Resources Corporation的日產量爲21.4億立方英尺當量,資本支出爲1.7億美元。

  • 該公司的液體產量爲多年來最高,爲32%。

  • 紐約商品交易所套期保值前的單位產量已實現價格比紐約商品交易所亨利中心價格高出0.70美元,包括套期保值在內的每MCFE價格高出3.54美元。

  • 每單位生產的現金利潤率爲1.59美元,不計營運資金的現金流約爲3.08億美元。

  • 債務減少,扣除1.5億美元的現金以及約1900萬美元的股息和爲股權補償稅預扣的普通股支付的2400萬美元。

Business Progress:

業務進展:

  • Range Resources operated two super spec horizontal rigs during the quarter, adding 13 laterals with a record breaking average lateral length of under 16,000 feet per well.

  • Range is hedged at approximately 55% of 2024 natural gas with an average floor price of $3.70, and 25% in 2025 with a floor price of $4.11.

  • The company is focusing on improved production stability and efficiency with long lateral drilling technology and plans to cater growing demand from data centers and increased electrification.

  • An infrastructural expansion has been hinted to meet increasing demand.

  • Range Resources is considering aggressive stock repurchasing and maintains commitment to emissions management, including transitioning to modern technologies and ongoing upgrades.

  • Range Resources在本季度運營了兩臺超規格水平鑽機,增加了13個橫向鑽機,每口井的平均橫向長度低於16,000英尺,破紀錄。

  • 區間的套期保值約爲2024年天然氣的55%,平均底價爲3.70美元,2025年將對沖25%,底價爲4.11美元。

  • 該公司專注於通過長期橫向鑽探技術提高生產穩定性和效率,並計劃滿足數據中心不斷增長的需求和電氣化的提高。

  • 有人暗示基礎設施擴張將滿足不斷增長的需求。

  • Range Resources正在考慮積極回購股票,並維持對排放管理的承諾,包括向現代技術過渡和持續升級。

More details: Range Resources IR

更多詳情: Range 資源 IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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譯文內容由第三人軟體翻譯。


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