Natural Gas, Ngls & Oil Sales was Range Resources’s largest product and service line in fiscal 2022, bringing in $4.91B of $5.33B (92%).
| Product and Service | FY 2016 | FY 2018 | FY 2021 | FY 2022 |
|---|---|---|---|---|
| Natural Gas, Ngls & Oil Sales | $3.22B | $4.91B | ||
| Brokered Natural Gas, Marketing & Other | $365.41M | — | ||
| Brokered Natural Gas & Marketing | — | $419.78M | ||
| Total | $3.58B | $5.33B |
Range Resources brought in $5.33B from its two product and service lines in fiscal 2022, the year ended December 31, 2022. Range Resources regrouped these lines after fiscal 2021, so the total does not compare directly with that year's $3.58B. Natural Gas, Ngls & Oil Sales was the largest at $4.91B (92.1%), ahead of Brokered Natural Gas & Marketing at $419.78M (7.9%).
Range Resources began breaking out Brokered Natural Gas & Marketing in fiscal 2022, when it brought in $419.78M. Range Resources stopped reporting Brokered Natural Gas, Marketing & Other as a separate line after fiscal 2021, when it brought in $365.41M.
Natural Gas Sales was Range Resources’s largest revenue line in fiscal 2022, bringing in $3.77B of $5.33B (71%).
| Reserve Quantities By Type Of Reserve | FY 2018 | FY 2021 | FY 2022 |
|---|---|---|---|
| Natural Gas Sales | $2.24B | $3.77B | |
| Ngls | $1.14B | $1.31B | |
| Crude Oil & Condensate | $182.97M | $238.41M | |
| Other Marketing Revenue & Other Income | $15.81M | — | |
| Other Marketing Revenue | — | $8.41M | |
| Interest Income | $243.00K | — | |
| Total | $3.58B | $5.33B |
Range Resources brought in $5.33B from its four revenue lines in fiscal 2022, the year ended December 31, 2022. Range Resources regrouped these revenue lines after fiscal 2021, so the total does not compare directly with that year's $3.58B. Natural Gas Sales was the largest at $3.77B (70.8%), ahead of Ngls at $1.31B (24.6%) and Crude Oil & Condensate at $238.41M (4.5%). The remaining revenue line, Other Marketing Revenue, brought in $8.41M.
Compared with fiscal 2021, Natural Gas Sales grew fastest, up 68.5% to $3.77B. Every revenue line above 2% of revenue grew.
Range Resources stopped reporting Other Marketing Revenue & Other Income ($15.81M in fiscal 2021) and Interest Income ($243.00K in fiscal 2021) as separate revenue lines.
Range Resources (RRC) reports its revenue by product and service and by reserve quantities by type of reserve. In fiscal 2022, Natural Gas, Ngls & Oil Sales was its largest product and service line, bringing in $4.91B (92.1% of the total), followed by Brokered Natural Gas & Marketing at $419.78M (7.9%).
Natural Gas, Ngls & Oil Sales was Range Resources' largest product and service line in fiscal 2022, bringing in $4.91B, or 92.1% of the $5.33B total across its two product and service lines.
Natural Gas Sales was Range Resources' largest revenue line in fiscal 2022, bringing in $3.77B, or 70.8% of the $5.33B total across its four revenue lines.
Every figure comes from Range Resources' annual financial filings, as reported. Each line keeps the name Range Resources gives it, and years follow its fiscal calendar.
Range Resources' revenue by product and service goes back to fiscal 2016, with figures through fiscal 2022. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.