Range Resources Reports Profit In Q1 - Quick Facts

(RTTNews) - Range Resources Corporation (RRC) reported first-quarter net income of $32.52 million or $0.20 per share, compared to a loss of $75.61 million or $0.47 per share, prior year. Net income excluding certain items, was $74.08 million or $0.46 per share, for the quarter.

On average, 35 analysts polled by Thomson Reuters expected the company to report profit per share of $0.50 for the quarter. Analysts' estimates typically exclude special items.

Total revenues and other income increased to $457.34 million from $319.24 million. Natural gas, NGLs and oil sales increased to $572.02 million from $398.24 million. Non-GAAP revenues for first quarter 2014 totaled $501 million, a 19% increase as compared to first quarter 2013. Analysts expected revenue of $484.82 million for the quarter.