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.


Peer comparison

Dec 31, 2023