Range Resources Corp (RRC)

Return on equity (ROE)

		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
Total stockholders’ equity	US$ in thousands	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	2,347,490	4,158,190	4,182,250	4,062,660
ROE		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%	-73.11%	-40.29%	-38.24%	-44.17%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $871,142K ÷ $3,765,550K
= 23.13%

Range Resources Corp's return on equity (ROE) has shown significant fluctuations over the past eight quarters. The ROE ranged from a low of -4.51% in Q1 2022 to a high of 62.98% in Q1 2023, indicating considerable volatility in the company's profitability relative to its shareholders' equity.

In Q2 and Q3 2023, the ROE was above 39%, reflecting a strong performance and efficient utilization of shareholder funds to generate profits. The ROE peaked at 62.98% in Q1 2023, suggesting that the company was highly effective in generating earnings from its equity base during that period.

However, in Q1 2022, the ROE dropped to a negative value of -4.51%, indicating that the company experienced a loss relative to its equity investment. This could be a red flag for investors, as it suggests inefficiency or operational challenges during that quarter.

Overall, Range Resources Corp's ROE performance has been mixed, with some quarters demonstrating strong profitability and efficient use of equity, while others have shown lower returns and potential issues impacting shareholder value. Investors and analysts should closely monitor the company's future ROE trends to assess its financial health and performance.