Range Resources Corp (RRC)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 266,340 | 481,532 | 480,306 | 481,833 | 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 |
| Total stockholders’ equity | US$ in thousands | 3,936,660 | 3,868,090 | 3,861,030 | 3,826,770 | 3,765,550 | 3,447,580 | 3,387,610 | 3,305,460 | 2,876,010 | 2,163,480 | 1,977,180 | 1,600,100 | 2,085,660 | 1,181,280 | 1,523,260 | 1,663,850 | 1,637,540 | 1,593,970 | 2,336,020 | 2,495,810 |
| ROE | 6.77% | 12.45% | 12.44% | 12.59% | 23.13% | 39.89% | 50.15% | 64.19% | 41.15% | 58.26% | 27.17% | -4.51% | 19.74% | -37.35% | -55.13% | -51.14% | -43.47% | -160.32% | -78.52% | -62.17% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $266,340K ÷ $3,936,660K
= 6.77%
Range Resources Corp's return on equity (ROE) has shown significant fluctuations over the past few years. From negative values as low as -160.32% in September 2020, the company managed to improve its performance, achieving positive ROE of 19.74% by December 2021. This positive trend continued into the first half of 2022, with ROE reaching 27.17% in June 2022 and further increasing to 58.26% by September 2022.
However, there was a slight decline in ROE to 41.15% by December 2022, followed by more moderate growth in the first half of 2023. Range Resources Corp's ROE peaked at 64.19% in March 2023 before decreasing to 39.89% in September 2023. The company managed to regain momentum by December 2023 with an ROE of 23.13%.
Subsequently, Range Resources Corp experienced a more stable period with ROE ranging from 12.59% to 6.77% between March and December 2024. Overall, the company has shown an improvement in its ROE performance over the years, with fluctuations reflecting changes in profitability and shareholder equity utilization.
Peer comparison
Dec 31, 2024