Range Resources (RRC) Inventory Average (2009 - 2019)

Range Resources' (RRC) quarterly Inventory Average came in at $26.3 million in Q3 2019, up 13.23% year-on-year from $23.2 million in Q3 2018, and up 1.48% quarter-over-quarter from $25.9 million in Q2 2019.

Range Resources (RRC) Inventory Average (2009 - 2019) Analysis & Trends

Range Resources' Inventory Average history runs 11 years deep, the most recent figure standing at $26.3 million for Q3 2019.

  • On a quarterly basis, Inventory Average rose 13.23% year-over-year to $26.3 million in Q3 2019; TTM through Sep 2019 was $26.3 million, a 13.23% increase from a year earlier, with the FY2018 full-year figure at $22.2 million, down 7.53% from the prior year.
  • Inventory Average advanced to $26.3 million in Q3 2019 per RRC's latest filing, from $25.9 million in the prior quarter.
  • Across five years, Inventory Average topped out at $31.5 million in Q4 2016 and bottomed at $17.6 million in Q1 2015.
  • The 5-year median for Inventory Average is $23.7 million (2018), against an average of $24.1 million.
  • Across the five-year window, Inventory Average soared 66.17% in 2016 and slumped 32.2% in 2017, its largest moves.
  • Year by year, Inventory Average stood at $28.1 million in 2015, then increased by 12.02% to $31.5 million in 2016, then sank by 32.2% to $21.4 million in 2017, then advanced by 11.06% to $23.7 million in 2018, then grew by 10.85% to $26.3 million in 2019.
  • Per Business Quant, the three latest RRC Inventory Average figures stand at $26.3 million (Q3 2019), $25.9 million (Q2 2019), and $24.0 million (Q1 2019).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Inventory Avg. (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 1.89 Bn
2 Eog Resources 74.61 Bn 70.76 Bn - 984.50 Mn
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn 82.50 Mn
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn 1.84 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 327.50 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
DateValue
Sep 30, 2019 26.30 Mn
Jun 30, 2019 25.92 Mn
Mar 31, 2019 24.05 Mn
Dec 31, 2018 23.73 Mn
Sep 30, 2018 23.23 Mn
Jun 30, 2018 26.02 Mn
Mar 31, 2018 25.71 Mn
Dec 31, 2017 21.36 Mn
Sep 30, 2017 19.89 Mn
Jun 30, 2017 19.28 Mn
Mar 31, 2017 23.36 Mn
Dec 31, 2016 31.51 Mn
Sep 30, 2016 28.55 Mn
Jun 30, 2016 22.94 Mn
Mar 31, 2016 29.22 Mn
Dec 31, 2015 28.13 Mn
Sep 30, 2015 21.98 Mn
Jun 30, 2015 19.11 Mn
Mar 31, 2015 17.58 Mn
Dec 31, 2014 17.41 Mn