Range Resources Corp (RRC)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	871,142	1,375,344	1,699,001	2,121,625	1,183,370	1,260,500	537,146	-72,181	411,778	-441,187	-839,710	-850,821	-711,777	-2,555,498	-1,834,289	-1,551,521	-1,716,297	-1,675,397	-1,599,277	-1,794,298
Revenue (ttm)	US$ in thousands	3,374,418	4,063,441	4,564,257	5,152,420	4,146,796	4,083,246	3,275,345	2,484,927	2,930,223	1,962,279	1,958,985	1,900,809	1,968,697	1,975,415	2,298,515	2,773,398	2,827,615	3,294,651	3,483,431	3,288,186
Net profit margin		25.82%	33.85%	37.22%	41.18%	28.54%	30.87%	16.40%	-2.90%	14.05%	-22.48%	-42.86%	-44.76%	-36.15%	-129.37%	-79.80%	-55.94%	-60.70%	-50.85%	-45.91%	-54.57%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $871,142K ÷ $3,374,418K
= 25.82%

Range Resources Corp's net profit margin has shown significant variability over the past eight quarters. The company achieved a strong net profit margin of 25.37% in Q4 2023, which was lower compared to the previous quarter's margin of 33.35% in Q3 2023. However, this was still higher than the margins in Q2 2023 and Q1 2023, which were 36.60% and 40.41% respectively.

Looking back at the same quarter in the previous year, Q4 2022, the net profit margin was 27.85%, showing an improvement in Q4 2023. Q3 2022 and Q2 2022 also saw relatively higher net profit margins of 30.36% and 16.03% respectively. However, Q1 2022 had a notably low net profit margin of -2.90%.

Overall, the net profit margin trend for Range Resources Corp indicates fluctuations in profitability levels over the past two years. It is essential for the company to consistently monitor and manage its expenses and revenue generation to improve and maintain a healthy net profit margin.