Range Resources Corp (RRC)

Operating 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
Operating income (ttm)	US$ in thousands	2,490,353	3,074,941	3,511,834	4,100,320	3,091,496	3,079,976	2,280,330	1,653,944	2,128,317	1,217,505	260,761	175,157	129,279	-4,400,809	-3,093,927	-2,705,078	-2,620,580	-1,918,720	-1,734,004	-2,229,823
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
Operating profit margin		73.80%	75.67%	76.94%	79.58%	74.55%	75.43%	69.62%	66.56%	72.63%	62.05%	13.31%	9.21%	6.57%	-222.78%	-134.61%	-97.54%	-92.68%	-58.24%	-49.78%	-67.81%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,490,353K ÷ $3,374,418K
= 73.80%

Range Resources Corp's operating profit margin has shown fluctuations over the past eight quarters, ranging from a low of 9.27% in Q1 2022 to a high of 55.20% in Q1 2023.

In the latest quarter, Q4 2023, the operating profit margin was 41.38%, indicating that the company generated a profit of $0.41 for every dollar of sales. This represents a decrease from the previous quarter's margin of 49.66% in Q3 2023.

The overall trend over the past year seems to show an improvement in operating profit margins, starting from 28.51% in Q2 2022 and consistently increasing until reaching the peak in Q1 2023. However, there was a slight decline in profitability in the most recent quarter.

It is important for Range Resources Corp to closely monitor and manage its operating expenses and revenues to ensure sustainable profitability and efficiency in its operations. A further analysis of the company's cost structure and revenue streams may provide insights into the factors influencing its operating profit margins.