Range Resources (RRC) Inventory (2009 - 2019)
Range Resources' (RRC) quarterly Inventory came in at $25.9 million in Q3 2019, up 5.75% year-on-year from $24.5 million in Q3 2018, and down 3.04% quarter-over-quarter from $26.7 million in Q2 2019.
Range Resources (RRC) Inventory (2009 - 2019) Analysis & Trends
Range Resources' Inventory history runs 11 years deep, the most recent figure standing at $25.9 million for Q3 2019.
- On a quarterly basis, Inventory rose 5.75% year-over-year to $25.9 million in Q3 2019; TTM through Sep 2019 was $25.9 million, a 5.75% increase from a year earlier, with the FY2018 full-year figure at $23.0 million, up 7.58% from the prior year.
- Inventory eased to $25.9 million in Q3 2019 per RRC's latest filing, from $26.7 million in the prior quarter.
- Across five years, Inventory topped out at $36.4 million in Q3 2016 and bottomed at $17.3 million in Q1 2015.
- The 5-year median for Inventory is $23.0 million (2015), against an average of $24.3 million.
- Across the five-year window, Inventory jumped 86.05% in 2015 and sank 41.34% in 2017, its largest moves.
- Year by year, Inventory stood at $33.2 million in 2015, then retreated by 20.0% to $26.6 million in 2016, then declined by 19.67% to $21.3 million in 2017, then increased by 7.58% to $23.0 million in 2018, then increased by 12.76% to $25.9 million in 2019.
- Per Business Quant, the three latest RRC Inventory figures stand at $25.9 million (Q3 2019), $26.7 million (Q2 2019), and $25.1 million (Q1 2019).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 1.91 Bn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 955.00 Mn |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 79.00 Mn |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 693.00 Mn |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 1.86 Bn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | - |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | - |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 319.00 Mn |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | - |
| 10 | Range Resources | 8.87 Bn | 8.78 Bn | 774.23 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2019 | 25.90 Mn |
| Jun 30, 2019 | 26.71 Mn |
| Mar 31, 2019 | 25.13 Mn |
| Dec 31, 2018 | 22.96 Mn |
| Sep 30, 2018 | 24.49 Mn |
| Jun 30, 2018 | 21.97 Mn |
| Mar 31, 2018 | 30.06 Mn |
| Dec 31, 2017 | 21.35 Mn |
| Sep 30, 2017 | 21.38 Mn |
| Jun 30, 2017 | 18.41 Mn |
| Mar 31, 2017 | 20.15 Mn |
| Dec 31, 2016 | 26.57 Mn |
| Sep 30, 2016 | 36.45 Mn |
| Jun 30, 2016 | 20.66 Mn |
| Mar 31, 2016 | 25.22 Mn |
| Dec 31, 2015 | 33.22 Mn |
| Sep 30, 2015 | 23.04 Mn |
| Jun 30, 2015 | 20.91 Mn |
| Mar 31, 2015 | 17.32 Mn |
| Dec 31, 2014 | 17.85 Mn |