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, /PRNewswire/ -- Blue Owl Capital ("Blue Owl") (NYSE: OWL) today announced the opening of its new office in ADGM, the international financial center strategically located in Abu Dhabi, the capital of the United Arab Emirates (UAE). The office opening strengthens Blue Owl's global and regional footprint and underscores its long-term commitment to the Middle East and focus on best supporting clients in the region. 

Al Maryah Tower "Over the last decade, the Middle East has emerged as both a strategic global market and a sophisticated investor across asset classes, particularly alternatives," said Haitham Abdulkarim, Managing Director, Senior Executive Officer of Blue Owl's Abu Dhabi office. "We believe proximity to clients is fundamental to understanding their objectives and building lasting partnerships. As our platform continues to grow, expanding into Abu Dhabi – one of the region's leading financial centers – was a natural evolution for the firm, enabling us to meet clients where they are and in a jurisdiction that supports long-term partnerships and institutional growth."

Doug Ostrover and Marc Lipschultz, Co-Chief Executive Officers of Blue Owl, said: "With longstanding relationships in the Middle East, establishing an office in Abu Dhabi was a natural next step as we continue to deepen our work and relationships in both the UAE and the broader region. Today's announcement reflects our conviction in this incredibly important area and our commitment to strengthening the relationships we have developed over many years. This is not a new market for us; it represents the next phase of our growth in the region."

Comprised of members of Blue Owl's Institutional Capital and GP Stakes teams, the new Abu Dhabi office will be Blue Owl's regional headquarters in the Middle East and help Blue Owl expand its presence in the UAE – a preeminent global financial hub supported by world-class institutional investors and ADGM's internationally recognized regulatory framework. The new office is Blue Owl's seventh office in the EMEA region and its twenty-third globally.

Arvind Ramamurthy, Chief Market Development Officer at ADGM said: "We are pleased to welcome Blue Owl to ADGM as it continues to expand its presence in the region. The firm's decision to establish an office in Abu Dhabi reflects the growing depth and sophistication of the region's private capital landscape, as well as the increasing role ADGM plays in connecting global asset managers with institutional investors. Blue Owl's presence will further strengthen our ecosystem by broadening the range of capabilities and expertise within ADGM's fast-growing community of leading global firms. As the international asset management hub, ADGM remains committed to enabling firms like Blue Owl to scale and contribute to long-term growth from Abu Dhabi."

About Blue Owl

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®. With $315 billion in assets under management as of March 31, 2026, we invest across three multi-strategy platforms: Credit, Real Assets and GP Strategic Capital. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with over 1,390 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com or LinkedIn: https://www.linkedin.com/company/blue-owl-capital.

Investor Contact      
Ann Dai           
Head of Investor Relations          
[email protected] 

Media Contact
[email protected] 

SOURCE Blue Owl Capital

WILMINGTON, Del., May 05, 2026 (GLOBE NEWSWIRE) -- The board of directors of Ashland Inc. (NYSE: ASH) has declared a quarterly cash dividend of $0.42 cents per share on the company's common stock which represents a 1.2 percent increase from the previous quarter. The dividend will be payable on June 15, 2026, to stockholders of record at the close of business on June 1, 2026.

As of April 30, 2026, there were 45,788,007 shares of Ashland common stock outstanding.

About Ashland 
Ashland Inc. (NYSE: ASH) is a global additives and specialty ingredients company with a conscious and proactive mindset for environmental, social and governance (ESG). The company serves customers in a wide range of consumer and industrial markets, including architectural coatings, construction, energy, food and beverage, personal care and pharmaceutical. Approximately 2,900 passionate, tenacious solvers thrive on developing practical, innovative and elegant solutions to complex problems for customers in more than 100 countries. Visit ashland.com and ashland.com/ESG to learn more. 

™ Trademark, Ashland or its subsidiaries, registered in various countries.

FOR FURTHER INFORMATION:

Ashland_board_authorizes_quarterly_dividend_FNL_20260505

NEW YORK, May 12, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Ashland Inc. (“Ashland” or the “Company”) (NYSE: ASH). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Ashland and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On April 28, 2026, Ashland issued a press release reporting its second quarter 2026 results and updating its full-year outlook.  Among other items, Ashland reported both revenue and non-GAAP earnings per share that fell short of consensus estimates.  CEO Guillermo Novo said that “results were impacted by specific operational challenges” and that “[o]perational headwinds associated with the ramp-up at our Hopewell manufacturing facility weighed on overall results.”  Ashland also provided updated full-year sales and EBITDA guidance to “reflect[] productivity challenges associated with the Hopewell scale-up, as well as softer energy-related demand tied to the Middle East conflict and reduced EV driven demand for BDO based derivatives.” 

On this news, Ashland’s stock price fell $7.85 per share, or 13.77%, to close at $49.15 per share on April 29, 2026. 

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

LOS ANGELES, May 13, 2026 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Ashland Inc. (“Ashland” or “the Company”) (NYSE: ASH) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Ashland reported its Q2 2026 financial results on April 28, 2026. The Company reported revenue and earnings per share that fell short of analyst estimates. The Company’s CEO claimed that "results were impacted by specific operational challenges" and that "operational headwinds associated with the ramp-up at our Hopewell manufacturing facility weighed on overall results." The Company also updated its full-year guidance to "reflect productivity challenges associated with the Hopewell scale-up, as well as softer energy-related demand tied to the Middle East conflict and reduced EV driven demand for BDO based derivatives." Based on this news, shares of Ashland fell by almost 13.8% on the next day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm 
Brian Schall, Esq. 
310-301-3335
[email protected]

www.schallfirm.com

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Ashland Inc. - ASH PR Newswire

NEW YORK, May 14, 2026

, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Ashland Inc. ("Ashland" or the "Company") (NYSE: ASH). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Ashland and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On April 28, 2026, Ashland issued a press release reporting its second quarter 2026 results and updating its full-year outlook. Among other items, Ashland reported both revenue and non-GAAP earnings per share that fell short of consensus estimates. CEO Guillermo Novo said that "results were impacted by specific operational challenges" and that "[o]perational headwinds associated with the ramp-up at our Hopewell manufacturing facility weighed on overall results." Ashland also provided updated full-year sales and EBITDA guidance to "reflect[] productivity challenges associated with the Hopewell scale-up, as well as softer energy-related demand tied to the Middle East conflict and reduced EV driven demand for BDO based derivatives."

On this news, Ashland's stock price fell $7.85 per share, or 13.77%, to close at $49.15 per share on April 29, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

View original content to download multimedia:https://www.prnewswire.com/news-releases/investor-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-ashland-inc---ash-302773114.html

SOURCE Pomerantz LLP

NEW YORK, May 19, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Ashland Inc. (“Ashland” or the “Company”) (NYSE: ASH).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Ashland and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On April 28, 2026, Ashland issued a press release reporting its second quarter 2026 results and updating its full-year outlook.  Among other items, Ashland reported both revenue and non-GAAP earnings per share that fell short of consensus estimates.  CEO Guillermo Novo said that “results were impacted by specific operational challenges” and that “[o]perational headwinds associated with the ramp-up at our Hopewell manufacturing facility weighed on overall results.”  Ashland also provided updated full-year sales and EBITDA guidance to “reflect[] productivity challenges associated with the Hopewell scale-up, as well as softer energy-related demand tied to the Middle East conflict and reduced EV driven demand for BDO based derivatives.” 

On this news, Ashland’s stock price fell $7.85 per share, or 13.77%, to close at $49.15 per share on April 29, 2026. 

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

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A month has gone by since the last earnings report for Ashland (ASH - Free Report) . Shares have added about 16.6% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Ashland due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for Ashland Inc. before we dive into how investors and analysts have reacted as of late.

Ashland’s Q2 Earnings and Sales Miss on Weak Pricing, Intermediates Weakness Ashland recorded income from continuing operations of $15 million or 32 cents per share for the second quarter of fiscal 2026 (ended March 31, 2026) compared with income of $30 million or 63 cents per share in the prior-year quarter.

Barring one-time items, adjusted earnings were 91 cents per share, down 8% from the year-ago quarter figure of 99 cents. The bottom line missed the Zacks Consensus Estimate of 97 cents.

Sales were up around 1% year over year to $482 million. The top line missed the Zacks Consensus Estimate of $490.8 million. Sales for the second quarter benefited from strength in Personal Care, resilient performance in Life Sciences and stabilization in Specialty Additives, partly offset by softness in Intermediates and lower pricing across segments.

Segment HighlightsLife Sciences: Sales in the segment were flat year over year at $172 million in the reported quarter. The figure missed the Zacks Consensus Estimate of $180 million. Performance reflected higher sales volumes within pharma applications, where demand remained resilient across most regions 

Personal Care: Sales in the division increased 3% year over year to $150 million. The metric missed the Zacks Consensus Estimate of $153 million. The year-over-year rise was driven by double-digit growth across the global platform, led by robust momentum in biofunctional actives, continued traction in microbial protection and strong execution across key care ingredients categories. 

Specialty Additives: Sales in the segment were flat year over year at $134 million and were in line with the Zacks Consensus Estimate. Performance reflected stable volumes driven by strong execution and continued share gains in coatings and performance specialties. 

Intermediates: Sales in the segment went down 5% year over year to $35 million. The figure missed the Zacks Consensus Estimate of $36.3 million. The decrease reflected stable market conditions in a trough environment, with lower BDO demand and pricing versus the prior year, as well as commercial and operating impacts related to the Calvert City outage. 

FinancialsCash and cash equivalents were $343 million at the end of the quarter, up around 12.8% sequentially. Long-term debt was $1,374 million, down roughly 0.9% from the prior quarter.  

OutlookFor fiscal 2026, Ashland expects sales to be in the range of $1.835-$1.870 billion and adjusted EBITDA to be $385-$400 million. Adjusted EPS, excluding intangible amortization, is forecast to deliver mid-to-high single-digit growth, while ongoing free cash flow conversion is targeted at roughly 50% of adjusted EBITDA, with capital expenditure of about $100 million. 

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates revision.

The consensus estimate has shifted -9.4% due to these changes.

VGM ScoresAt this time, Ashland has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. Following the exact same course, the stock has a score of C on the value side, putting it in the middle 20% for value investors.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Ashland has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.

CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora”) today released a presentation (available here) detailing what it believes is a near-term opportunity to realize the intrinsic value of Ashland Inc. (NYSE: ASH) (“Ashland” or the “Company”) through a sale of the Company. Ancora plans to engage in a constructive and open dialogue with Ashland to gauge the Board of Directors' willingness to evaluate the Company's standalone prospects versus a potent.

WILMINGTON, Del., June 10, 2026 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE:ASH) today issued the following statement in response to the investor presentation released by Ancora Alternatives LLC:

Ashland’s Board of Directors and management team are committed to driving sustainable value creation for all shareholders.  The Board recognizes and respects diverse perspectives and welcomes constructive input from shareholders.  While Ancora did not engage with Ashland prior to its presentation, Ashland intends to engage with Ancora in a manner consistent with that commitment as part of its ongoing dialogue with investors.

Ashland remains focused on its growth strategies to execute, globalize, innovate and invest while continuing to improve operational performance and cash generation.  Ashland believes these priorities will continue to position the company to convert its transformation into sustained financial and operating performance.

Ashland’s Board frequently evaluates Ashland’s strategy and value creation opportunities on an ongoing basis. This evaluation includes a regular review of the company’s operating plan, portfolio priorities and capital policy, as well as other strategic opportunities. The Board will continue to make decisions based on the best interest of the company and all of its shareholders. Ashland looks forward to continued constructive engagement with shareholders.  

About Ashland 
Ashland Inc. (NYSE: ASH) is a global additives and specialty ingredients company with a conscious and proactive mindset for environmental, social and governance (ESG). The company serves customers in a wide range of consumer and industrial markets, including architectural coatings, construction, energy, food and beverage, personal care and pharmaceutical. Approximately 2,900 passionate, tenacious solvers – from renowned scientists and research chemists to talented engineers and plant operators – thrive on developing practical, innovative and elegant solutions to complex problems for customers in more than 100 countries. Visit ashland.com and ashland.com/ESG to learn more.

™ Trademark, Ashland or its subsidiaries, registered in various countries.

FOR FURTHER INFORMATION:

Ashland_responds_to_investor_presentation_by_Ancora_Alternatives_LLC_FNL_20260610

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.

Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.

Zacks Premium also includes the Zacks Style Scores.

What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.

Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.

Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

#1 (Strong Buy) stocks have produced an unmatched +23.93% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.

This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.

That's where the Style Scores come in.

To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.

The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.

Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Range Resources (RRC - Free Report) Based in Fort Worth, TX, Range Resources is an independent oil and gas company engaged in the exploration, development and acquisition of oil and natural gas properties, primarily in the Appalachian Basin with principal area of operations is the Marcellus Shale in Pennsylvania.

RRC is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 11.59; value investors should take notice.

Six analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.42 to $3.65 per share. RRC also boasts an average earnings surprise of +12.4%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, RRC should be on investors' short list.

FORT WORTH, Texas, April 21, 2026 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its first quarter 2026 financial results.

First Quarter 2026 Highlights –

Cash flow from operating activities of $619 millionCash flow from operations, before working capital changes, of $545 millionRepurchased $27 million of shares, paid $24 million in dividends, and reduced net debt by $384 millionCapital spending was $139 million, approximately 21% of the annual 2026 budgetRealized price, including hedges, was $4.84 per mcfeNatural gas differential, including basis hedging, of $0.18 per mcf premium to NYMEXPre-hedge NGL realizations of $26.62 per barrel, a premium of $4.41 over the Mont Belvieu equivalentProduction averaged 2.21 Bcfe per day, approximately 32% liquids Commenting on the results, Dennis Degner, the Company’s CEO said, “Range is off to a great start in 2026, showing steady progress executing the multi-year disciplined growth plan announced last year. First quarter 2026 results also highlighted the value of Range’s strategic marketing portfolio with access to premium markets in the U.S. and abroad as Range realized its highest natural gas premium in over a decade and a record quarterly NGL premium. The resulting strong free cash flow funded a growing dividend, continued share repurchases and the strongest balance sheet in Company history. We believe Range is increasingly well-positioned to serve growing local and global demand for U.S. natural gas and NGLs given our consistent operational results, low full-cycle cost structure, and high-return, long-life asset base.”

Financial Discussion

Except for generally accepted accounting principles (“GAAP”) reported amounts, specific expense categories exclude non-cash impairments, unrealized mark-to-market adjustment on derivatives, non-cash stock compensation and other items shown separately on the attached tables. “Unit costs” as used in this release are composed of direct operating, transportation, gathering, processing and compression, taxes other than income, general and administrative, interest and depletion, depreciation and amortization costs divided by production. See “Non-GAAP Financial Measures” for a definition of non-GAAP financial measures and the accompanying tables that reconcile each non-GAAP measure to its most directly comparable GAAP financial measure.

First Quarter 2026 Results

GAAP revenues and other income for first quarter 2026 totaled $1.03 billion, GAAP net cash provided from operating activities (including changes in working capital) was $619 million, and GAAP net income was $342 million ($1.44 per diluted share).  First quarter earnings results include a $33 million mark-to-market derivative loss due to increases in commodity prices.

Cash flow from operations before changes in working capital, a non-GAAP measure, was $545 million.  Adjusted net income comparable to analysts’ estimates, a non-GAAP measure, was $360 million ($1.52 per diluted share) in first quarter 2026.

The following table details Range’s first quarter 2026 unit costs per mcfe(a):

Expenses 1Q 2026
(per mcfe)
 1Q 2025
(per mcfe)
 Increase (Decrease)         Direct operating(a) $0.14  $0.13  8%Transportation, gathering, processing and compression(a)  1.63   1.55  5%Taxes other than income  0.03   0.04  (25)%General and administrative(a)  0.17   0.16  6%Interest expense(a)  0.09   0.14  (36)%Total cash unit costs(b)  2.07   2.01  3%Depletion, depreciation and amortization (DD&A)  0.45   0.46  (2)%Total unit costs plus DD&A(b) $2.51  $2.46  3%             (a)   Excludes stock-based compensation, one-time settlements, and amortization of deferred financing costs.
(b)   Totals may not be exact due to rounding.

The following table details Range’s average production and realized pricing for first quarter 2026(a):

 1Q26 Production & Realized Pricing
  Natural Gas
(mcf)
 Oil
(bbl)
 NGLs
(bbl)
 Natural Gas
Equivalent
(mcfe)
              Net production per day  1,508,842   8,239   108,193   2,207,436           Average NYMEX price $4.97  $73.98  $22.21   Differential, including basis hedging  0.18   (10.68)  4.41   Realized prices before NYMEX hedges  5.15   63.30   26.62   5.06 Settled NYMEX hedges  (0.31)  (4.89)  0.00   (0.23)Average realized prices after hedges $4.85  $58.41  $26.62  $4.84                   (a)   Totals may not add due to rounding

First quarter 2026 natural gas, NGLs and oil price realizations (including the impact of cash-settled hedges and derivative settlements) averaged $4.84 per mcfe.  

The average natural gas price, including the impact of basis hedging, was $5.15 per mcf, or a $0.18 per mcf premium differential to NYMEX. Range continues to expect its 2026 natural gas differential to average ($0.35) to ($0.45) relative to NYMEX.Range’s pre-hedge NGL price during the quarter was $26.62 per barrel, approximately $4.41 above the Mont Belvieu weighted equivalent. Range is improving its full-year NGL price guidance to a range of +$1.25 to +$2.50 relative to a Mont Belvieu equivalent barrel.Crude oil and condensate price realizations, before realized hedges, averaged $63.30 per barrel, or $10.68 below WTI (West Texas Intermediate). Range continues to expect its 2026 condensate differential to average ($10.00) to ($14.00) relative to NYMEX. Financial Position and Repurchase Activity

In January 2026, Range fully redeemed the $600 million principal balance of 8.25% senior notes due 2029 by borrowing on the Company’s bank credit facility. As of March 31, 2026, Range had net debt outstanding of approximately $834 million, consisting of $500 million of senior notes and $334 million on the credit facility.

During the quarter, Range repurchased 800,000 shares at an average price of approximately $33.91 per share. As of March 31, 2026, the Company had $1.5 billion of availability under the share repurchase program.

Capital Expenditures and Operational Activity

First quarter 2026 drilling and completion expenditures were $130 million. In addition, during the quarter, approximately $5 million was invested in acreage, and $4 million was invested in infrastructure, pneumatic upgrades, and other investments. First quarter capital spending represented approximately 21% of Range’s total capital budget in 2026.

During the quarter, Range drilled ~143,000 lateral feet across 9 wells, while turning to sales ~267,000 feet across 17 wells. The table below summarizes expected 2026 activity plans regarding the number of wells to sales in each area.

  Wells TIL
1Q 2026 Remaining
2026 Planned Wells
TIL in 2026Liquids Rich 17 33 50Dry Gas 0 18 18Total Appalachia 17 51 68        Guidance – 2026

Based on recent strip pricing, Range’s expected pre-hedge NGL price realization in 2026 has increased by approximately $4.75 per barrel relative to strip pricing in February. Higher realized NGL prices will result in slightly higher processing costs versus prior guidance, as Range’s processing costs are based on NGL revenue. Net of price-linked processing costs, the increase in forecasted NGL prices is expected to add approximately $160 million in cash flow for Range versus prior expectations, demonstrating margin expansion with rising NGL prices. Updated guidance for NGL pricing and GP&T expense can be found below.

Capital & Production Guidance

Range’s 2026 all-in capital budget is $650 million - $700 million. Annual production is expected to be approximately 2.35 - 2.40 Bcfe per day in 2026. Liquids are expected to be over 30% of production.

Updated Full Year 2026 Expense Guidance

 Updated Guidance Prior GuidanceDirect operating expense:$0.12 - $0.13 per mcfe $0.12 - $0.13 per mcfeTransportation, gathering, processing and compression expense (GP&T):$1.55 - $1.60 per mcfe $1.50 - $1.55 per mcfeTaxes other than income:$0.03 - $0.04 per mcfe $0.03 - $0.04 per mcfeExploration expense:$22 - $28 million $22 - $28 millionG&A expense:$0.17 - $0.18 per mcfe $0.17 - $0.18 per mcfeNet Interest expense:$0.07 - $0.09 per mcfe $0.07 - $0.09 per mcfeDD&A expense:$0.45 - $0.46 per mcfe $0.45 - $0.46 per mcfeNet brokered gas marketing expense:$8 - $12 million $8 - $12 million     Updated Full Year 2026 Price Guidance

Based on recent market indications, Range expects to average the following price differentials for its production in 2026.

 Updated Guidance Prior GuidanceFY 2026 Natural Gas:(1)NYMEX minus $0.35 to $0.45 NYMEX minus $0.35 to $0.45FY 2026 Natural Gas Liquids:(2)MB plus $1.25 to $2.50 per barrel MB plus $0.00 to $1.00 per barrelFY 2026 Oil/Condensate:WTI minus $10.00 to $14.00 WTI minus $10.00 to $14.00     (1) Including basis hedging
(2) Mont Belvieu-equivalent pricing based on weighting of 53% ethane, 27% propane, 8% normal butane, 4% iso-butane and 8% natural gasoline.

Hedging Status

Range hedges portions of its expected future production volumes to increase the predictability of cash flow and maintain a strong, flexible financial position. Please see the detailed hedging schedule posted on the Range website under Investor Relations - Financial Information.

Range has also hedged basis across the Company’s numerous natural gas sales points to limit volatility between benchmark and regional prices. The combined fair value of natural gas basis hedges as of March 31, 2026, was a net loss of $12.8 million.

Conference Call Information

A conference call to review the financial results is scheduled on Wednesday, April 22 at 8:00 AM Central Time (9:00 AM Eastern Time). Please click here to pre-register for the conference call and obtain a dial in number with passcode.

A simultaneous webcast of the call may be accessed at www.rangeresources.com. The webcast will be archived for replay on the Company's website until May 22nd.

Non-GAAP Financial Measures

To supplement the presentation of its financial results prepared in accordance with generally accepted accounting principles (GAAP), the Company’s earnings press release contains certain financial measures that are not presented in accordance with GAAP. Management believes certain non-GAAP measures may provide financial statement users with meaningful supplemental information for comparisons within the industry. These non-GAAP financial measures may include, but are not limited to Net Income, excluding certain items, Cash flow from operations before changes in working capital, realized prices, Net debt and Cash margin.

Adjusted net income comparable to analysts’ estimates as set forth in this release represents income or loss from operations before income taxes adjusted for certain non-cash items (detailed in the accompanying table) less income taxes. We believe adjusted net income comparable to analysts’ estimates is calculated on the same basis as analysts’ estimates and that many investors use this published research in making investment decisions and evaluating operational trends of the Company and its performance relative to other oil and gas producing companies. Diluted earnings per share (adjusted) as set forth in this release represents adjusted net income comparable to analysts’ estimates on a diluted per share basis. A table is included which reconciles income or loss from operations to adjusted net income comparable to analysts’ estimates and diluted earnings per share (adjusted). On its website, the Company provides additional comparative information on prior periods.

Cash flow from operations before changes in working capital represents net cash provided by operations before changes in working capital and exploration expense adjusted for certain non-cash compensation items. Cash flow from operations before changes in working capital (sometimes referred to as “adjusted cash flow”) is widely accepted by the investment community as a financial indicator of an oil and gas company’s ability to generate cash to internally fund exploration and development activities and to service debt. Cash flow from operations before changes in working capital is also useful because it is widely used by professional research analysts in valuing, comparing, rating and providing investment recommendations of companies in the oil and gas exploration and production industry. In turn, many investors use this published research in making investment decisions. Cash flow from operations before changes in working capital is not a measure of financial performance under GAAP and should not be considered as an alternative to cash flows from operations, investing, or financing activities as an indicator of cash flows, or as a measure of liquidity. A table is included which reconciles net cash provided by operations to cash flow from operations before changes in working capital as used in this release. On its website, the Company provides additional comparative information on prior periods for cash flow, cash margins and non-GAAP earnings as used in this release.

The cash prices realized for oil and natural gas production, including the amounts realized on cash-settled derivatives and net of transportation, gathering, processing and compression expense, is a critical component in the Company’s performance tracked by investors and professional research analysts in valuing, comparing, rating and providing investment recommendations and forecasts of companies in the oil and gas exploration and production industry. In turn, many investors use this published research in making investment decisions. Due to the GAAP disclosures of various derivative transactions and third-party transportation, gathering, processing and compression expense, such information is now reported in various lines of the income statement. The Company believes that it is important to furnish a table reflecting the details of the various components of each income statement line to better inform the reader of the details of each amount and provide a summary of the realized cash-settled amounts and third-party transportation, gathering, processing and compression expense, which were historically reported as natural gas, NGLs and oil sales. This information is intended to bridge the gap between various readers’ understanding and fully disclose the information needed.

Net debt is calculated as total debt less cash and cash equivalents. The Company believes this measure is helpful to investors and industry analysts who utilize Net debt for comparative purposes across the industry.

The Company discloses in this release the detailed components of many of the single line items shown in the GAAP financial statements included in the Company’s Annual or Quarterly Reports on Form 10-K or 10-Q. The Company believes that it is important to furnish this detail of the various components comprising each line of the Statements of Operations to better inform the reader of the details of each amount, the changes between periods and the effect on its financial results.

We believe that the presentation of PV10 value of our proved reserves is a relevant and useful metric for our investors as supplemental disclosure to the standardized measure, or after-tax amount, because it presents the discounted future net cash flows attributable to our proved reserves before taking into account future corporate income taxes and our current tax structure. While the standardized measure is dependent on the unique tax situation of each company, PV10 is based on prices and discount factors that are consistent for all companies. Because of this, PV10 can be used within the industry and by credit and security analysts to evaluate estimated net cash flows from proved reserves on a more comparable basis.

RANGE RESOURCES CORPORATION (NYSE: RRC) is a leading U.S. independent natural gas and NGL producer with operations focused in the Appalachian Basin. The Company is headquartered in Fort Worth, Texas.  More information about Range can be found at www.rangeresources.com.

Included within this release are certain “forward-looking statements” within the meaning of the federal securities laws, including the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, that are not limited to historical facts, but reflect Range’s current beliefs, expectations or intentions regarding future events.  Words such as “may,” “will,” “could,” “should,” “expect,” “plan,” “project,” “intend,” “anticipate,” “believe,” “outlook”, “estimate,” “predict,” “potential,” “pursue,” “target,” “continue,” and similar expressions are intended to identify such forward-looking statements.

All statements, except for statements of historical fact, made within regarding activities, events or developments the Company expects, believes or anticipates will or may occur in the future, such as those regarding future well costs, expected asset sales, well productivity, future liquidity and financial resilience, anticipated exports and related financial impact, NGL market supply and demand, future commodity fundamentals and pricing, future capital efficiencies, future shareholder value, emerging plays, capital spending, anticipated drilling and completion activity, acreage prospectivity, expected pipeline utilization and future guidance information, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on assumptions and estimates that management believes are reasonable based on currently available information; however, management's assumptions and Range's future performance are subject to a wide range of business risks and uncertainties and there is no assurance that these goals and projections can or will be met. Any number of factors could cause actual results to differ materially from those in the forward-looking statements. Further information on risks and uncertainties is available in Range's filings with the Securities and Exchange Commission (SEC), including its most recent Annual Report on Form 10-K. Unless required by law, Range undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date they are made.

The SEC permits oil and gas companies, in filings made with the SEC, to disclose proved reserves, which are estimates that geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions as well as the option to disclose probable and possible reserves. Range has elected not to disclose its probable and possible reserves in its filings with the SEC. Range uses certain broader terms such as "resource potential,” “unrisked resource potential,” "unproved resource potential" or "upside" or other descriptions of volumes of resources potentially recoverable through additional drilling or recovery techniques that may include probable and possible reserves as defined by the SEC's guidelines. Range has not attempted to distinguish probable and possible reserves from these broader classifications. The SEC’s rules prohibit us from including in filings with the SEC these broader classifications of reserves. These estimates are by their nature more speculative than estimates of proved, probable and possible reserves and accordingly are subject to substantially greater risk of actually being realized. Unproved resource potential refers to Range's internal estimates of hydrocarbon quantities that may be potentially discovered through exploratory drilling or recovered with additional drilling or recovery techniques and have not been reviewed by independent engineers. Unproved resource potential does not constitute reserves within the meaning of the Society of Petroleum Engineer's Petroleum Resource Management System and does not include proved reserves. Area wide unproven resource potential has not been fully risked by Range's management. “EUR”, or estimated ultimate recovery, refers to our management’s estimates of hydrocarbon quantities that may be recovered from a well completed as a producer in the area. These quantities may not necessarily constitute or represent reserves within the meaning of the Society of Petroleum Engineer’s Petroleum Resource Management System or the SEC’s oil and natural gas disclosure rules. Actual quantities that may be recovered from Range's interests could differ substantially. Factors affecting ultimate recovery include the scope of Range's drilling program, which will be directly affected by the availability of capital, drilling and production costs, commodity prices, availability of drilling services and equipment, drilling results, lease expirations, transportation constraints, regulatory approvals, field spacing rules, recoveries of gas in place, length of horizontal laterals, actual drilling results, including geological and mechanical factors affecting recovery rates and other factors. Estimates of resource potential may change significantly as development of our resource plays provides additional data.

In addition, our production forecasts and expectations for future periods are dependent upon many assumptions, including estimates of production decline rates from existing wells and the undertaking and outcome of future drilling activity, which may be affected by significant commodity price or drilling cost changes. Investors are urged to consider closely the disclosure in our most recent Annual Report on Form 10-K, available from our website at www.rangeresources.com or by written request to 100 Throckmorton Street, Suite 1200, Fort Worth, Texas 76102. You can also obtain this Form 10-K on the SEC’s website at www.sec.gov or by calling the SEC at 1-800-SEC-0330.

SOURCE: Range Resources Corporation

Range Investor Contacts:

Laith Sando
817-869-4267

Matt Schmid
817-869-1538

Range Media Contact:

Mark Windle
724-873-3223

 RANGE RESOURCES CORPORATION
                  STATEMENTS OF OPERATIONS        Based on GAAP reported earnings with additional        details of items included in each line in Form 10-Q        (Unaudited, In thousands, except per share data)         Three Months Ended March 31,  2026  2025  % Revenues and other income:        Natural gas, NGLs and oil sales (a)$1,010,252  $791,920    Derivative fair value loss (33,429)  (158,957)   Brokered natural gas and marketing 57,229   54,408    ARO settlement loss (b) -   -    Interest income (b) 55   3,053    Gain on sale of assets (b) 6   62    Other (b) 57   68    Total revenues and other income 1,034,170   690,554   50%         Costs and expenses:        Direct operating 28,128   24,836    Direct operating - stock-based compensation (c) 546   537    Transportation, gathering, processing and compression 323,329   306,109    Taxes other than income 5,823   6,987    Brokered natural gas and marketing 57,239   57,361    Brokered natural gas and marketing - stock-based compensation (c) 884   840    Exploration 5,696   6,044    Exploration - stock-based compensation (c) 334   347    Abandonment and impairment of unproved properties 3,897   4,574    General and administrative 34,453   31,553    General and administrative - stock-based compensation (c) 10,625   10,111    General and administrative - lawsuit settlements and other 273   27    Exit costs 6,950   8,897    Deferred compensation plan (d) 2,543   2,879    Interest expense 18,592   27,785    Interest expense - amortization of deferred financing costs (e) 827   1,376    Loss (gain) on early extinguishment of debt 12,344   (3)   Depletion, depreciation and amortization 88,526   90,559    Total costs and expenses 601,009   580,819   3%         Income before income taxes 433,161   109,735   295%         Income tax expense        Current 5,801   2,000    Deferred 85,730   10,683      91,531   12,683             Net income$341,630  $97,052   252%                  Net income Per Common Share        Basic$1.45  $0.40    Diluted$1.44  $0.40             Weighted average common shares outstanding, as reported        Basic 235,050   240,035   -2%Diluted 236,396   241,755   -2%                  (a) See separate natural gas, NGLs and oil sales information table.
(b) Included in Other income in the 10-Q.
(c) Costs associated with stock compensation and amortization, which have been reflected in the categories associated with the direct personnel costs, are combined with the cash costs in the 10-Q.
(d) Reflects the change in market value of the vested Company stock held in the deferred compensation plan.
(e) Included in interest expense in the 10-Q.
   RANGE RESOURCES CORPORATION
            BALANCE SHEET     (Unaudited, In thousands)March 31,  December 31,  2026  2025       Assets     Current assets$315,706  $390,835 Derivative assets 92,848   69,397 Natural gas, NGLs and oil properties, net (successful efforts method) 6,756,719   6,708,366 Other property and equipment, net 6,231   4,935 Operating lease right-of-use assets 158,585   173,477 Other 74,819   74,938  $7,404,908  $7,421,948       Liabilities and Stockholders' Equity     Current liabilities$667,336  $658,783 Asset retirement obligations 1,173   1,173 Derivative liabilities 10,148   1,196       Bank debt 323,294   106,700 Senior notes, excluding current maturities 495,960   1,091,634 Deferred tax liabilities 787,329   701,601 Derivative liabilities 997   2,363 Deferred compensation liabilities 69,461   68,635 Operating lease liabilities 100,482   115,515 Asset retirement obligations and other liabilities 155,870   153,081 Divestiture contract obligation 190,464   202,586   2,802,514   3,103,267       Common stock and retained deficit 5,375,592   5,064,743 Other comprehensive income 412   424 Common stock held in treasury (773,610)  (746,486)Total stockholders' equity 4,602,394   4,318,681  $7,404,908  $7,421,948                   RECONCILIATION OF TOTAL DEBT AS REPORTED        TO NET DEBT, a non-GAAP measure        (Unaudited, in thousands)         March 31,  December 31,     2026  2025  %          Total debt, net of deferred financing costs, as reported$819,254  $1,198,334   -32%Unamortized debt issuance costs, as reported 14,746   19,666    Less cash and cash equivalents, as reported (247)  (204)   Net debt, a non-GAAP measure$833,753  $1,217,796   -32%              RANGE RESOURCES CORPORATION
                  CASH FLOWS FROM OPERATING ACTIVITIES     (Unaudited, in thousands)            Three Months Ended March 31,  2026  2025       Net income$341,630  $97,052 Adjustments to reconcile net cash provided from continuing operations:     Deferred income tax expense 85,730   10,683 Depletion, depreciation and amortization 88,526   90,559 Abandonment and impairment of unproved properties 3,897   4,574 Derivative fair value loss 33,429   158,957 Cash settlements on derivative financial instruments (49,295)  4,573 Divestiture contract obligation, including accretion 6,950   8,897 Amortization of deferred financing costs and other 1,099   1,182 Deferred and stock-based compensation 15,331   15,083 Gain on sale of assets (6)  (62)Loss (gain) on early extinguishment of debt 12,344   (3)      Changes in working capital:     Accounts receivable 82,177   (28,722)Other current assets (6,192)  (9,028)Accounts payable 83,223   36,181 Accrued liabilities and other (79,707)  (59,843)Net changes in working capital 79,501   (61,412)Net cash provided from operating activities$619,136  $330,083                   RECONCILIATION OF NET CASH PROVIDED FROM OPERATING     ACTIVITIES, AS REPORTED, TO CASH FLOW FROM OPERATIONS     BEFORE CHANGES IN WORKING CAPITAL, a non-GAAP measure     (Unaudited, in thousands)      Three Months Ended March 31,  2026  2025 Net cash provided from operating activities, as reported$619,136  $330,083 Net changes in working capital (79,501)  61,412 Exploration expense 5,696   6,044 Lawsuit settlements and other 273   27 Non-cash compensation adjustment and other (671)  (175)Cash flow from operations before changes in working capital - non-GAAP measure$544,933  $397,391                   ADJUSTED WEIGHTED AVERAGE SHARES OUTSTANDING     (Unaudited, in thousands)      Three Months Ended March 31,  2026  2025 Basic:     Weighted average shares outstanding 235,316   240,776 Stock held by deferred compensation plan (266)  (741)Adjusted basic 235,050   240,035       Dilutive:     Weighted average shares outstanding 235,316   240,776 Dilutive stock options under treasury method 1,080   979 Adjusted dilutive 236,396   241,755           RANGE RESOURCES CORPORATION                  RECONCILIATION OF NATURAL GAS, NGLs AND OIL SALES        AND DERIVATIVE FAIR VALUE INCOME (LOSS) TO        CALCULATED CASH REALIZED NATURAL GAS, NGLs AND        OIL PRICES WITH AND WITHOUT THIRD-PARTY        TRANSPORTATION, GATHERING, PROCESSING AND        COMPRESSION COSTS, a non-GAAP measure        (Unaudited, In thousands, except per unit data)      Three Months Ended March 31,  2026  2025  % Natural gas, NGLs and Oil Sales components:        Natural gas sales$704,081  $490,377    NGLs sales 259,232   275,654    Oil sales 46,939   25,889    Total Natural Gas, NGLs and Oil Sales, as reported$1,010,252  $791,920   28%         Derivative Fair Value Loss, as reported$(33,429) $(158,957)   Cash settlements on derivative financial instruments - (gain) loss:        Natural gas 45,669   (4,729)   NGLs -   412    Oil 3,626   (256)   Total change in fair value related to commodity derivatives prior to settlement, a non-GAAP measure$15,866  $(163,530)            Transportation, gathering, processing and compression components:        Natural Gas$169,206  $157,519    NGLs 153,344   147,838    Oil 779   752    Total transportation, gathering, processing and compression, as reported$323,329  $306,109             Natural gas, NGL and Oil sales, including cash-settled derivatives: (c)        Natural gas sales$658,412  $495,106    NGLs sales 259,232   275,242    Oil Sales 43,313   26,145    Total$960,957  $796,493   21%         Production of natural gas, NGLs and oil during the periods (a):        Natural Gas (mcf) 135,795,771   135,963,430   0%NGLs (bbls) 9,737,382   9,919,989   -2%Oil (bbls) 741,524   423,579   75%Gas equivalent (mcfe) (b) 198,669,207   198,024,838   0%         Production of natural gas, NGLs and oil - average per day (a):        Natural Gas (mcf) 1,508,842   1,510,705   0%NGLs (bbls) 108,193   110,222   -2%Oil (bbls) 8,239   4,706   75%Gas equivalent (mcfe) (b) 2,207,436   2,200,276   0%         Average prices, excluding derivative settlements and before third-party transportation costs:        Natural Gas (per mcf)$5.18  $3.61   43%NGLs (per bbl)$26.62  $27.79   -4%Oil (per bbl)$63.30  $61.12   4%Gas equivalent (per mcfe) (b)$5.09  $4.00   27%         Average prices, including derivative settlements before third-party transportation costs: (c)        Natural Gas (per mcf)$4.85  $3.64   33%NGLs (per bbl)$26.62  $27.75   -4%Oil (per bbl)$58.41  $61.72   -5%Gas equivalent (per mcfe) (b)$4.84  $4.02   20%         Average prices, including derivative settlements and after third-party transportation costs: (d)        Natural Gas (per mcf)$3.60  $2.48   45%NGLs (per bbl)$10.87  $12.84   -15%Oil (per bbl)$57.36  $59.95   -4%Gas equivalent (per mcfe) (b)$3.21  $2.48   29%         Transportation, gathering and compression expense per mcfe$1.63  $1.55   5%         (a) Represents volumes sold regardless of when produced.(b) Oil and NGLs are converted at the rate of one barrel equals six mcfe based upon the approximate relative energy content of oil to natural gas, which is not necessarily indicative of the relationship of oil and natural gas prices.(c) Excluding third-party transportation, gathering, processing and compression costs.(d) Net of transportation, gathering, processing and compression costs.   RANGE RESOURCES CORPORATION                           RECONCILIATION OF INCOME BEFORE INCOME        TAXES AS REPORTED TO INCOME BEFORE INCOME TAXES        EXCLUDING CERTAIN ITEMS, a non-GAAP measure        (Unaudited, In thousands, except per share data)         Three Months Ended March 31,  2026  2025  %          Income from operations before income taxes, as reported$433,161  $109,735   295%Adjustment for certain special items:        Gain on the sale of assets (6)  (62)   ARO settlement loss -   -    Change in fair value related to derivatives prior to settlement (15,866)  163,530    Abandonment and impairment of unproved properties 3,897   4,574    Loss (gain) on early extinguishment of debt 12,344   (3)   Lawsuit settlements and other 273   27    Exit costs 6,950   8,897    Direct operating - stock-based compensation 546   537    Brokered natural gas and marketing - stock-based compensation 884   840    Exploration expenses - stock-based compensation 334   347    General & administrative - stock-based compensation 10,625   10,111    Deferred compensation plan - non-cash adjustment 2,543   2,879             Income before income taxes, as adjusted 455,685   301,412   51%         Income tax expense, as adjusted        Current 5,801   2,000    Deferred (a) 89,893   67,325             Net income, excluding certain items, a non-GAAP measure$359,991  $232,087   55%         Non-GAAP income per common share        Basic$1.53  $0.97   58%Diluted$1.52  $0.96   58%         Non-GAAP diluted shares outstanding, if dilutive 236,396   241,755                      (a) Taxes are estimated to be approximately 21% for 2026 and 23% for 2025   RANGE RESOURCES CORPORATION
                  RECONCILIATION OF NET INCOME, EXCLUDING     CERTAIN ITEMS AND ADJUSTED EARNINGS PER     SHARE, non-GAAP measures     (In thousands, except per share data)      Three Months Ended March 31,  2026  2025       Net income, as reported$341,630  $97,052 Adjustments for certain special items:     Gain on the sale of assets (6)  (62)ARO settlement loss -   - Loss (gain) on early extinguishment of debt 12,344   (3)Change in fair value related to derivatives prior to settlement (15,866)  163,530 Abandonment and impairment of unproved properties 3,897   4,574 Lawsuit settlements and other 273   27 Exit costs 6,950   8,897 Stock-based compensation 12,389   11,835 Deferred compensation plan 2,543   2,879 Tax impact (4,163)  (56,642)      Net income, excluding certain items, a non-GAAP measure$359,991  $232,087       Net income per diluted share, as reported$1.44  $0.40 Adjustments for certain special items per diluted share:     Gain on the sale of assets -   - ARO settlement loss -   - Loss (gain) on early extinguishment of debt 0.05   - Change in fair value related to derivatives prior to settlement (0.07)  0.68 Abandonment and impairment of unproved properties 0.02   0.02 Lawsuit settlements and other -   - Exit costs 0.03   0.04 Stock-based compensation 0.05   0.05 Deferred compensation plan 0.01   0.01 Adjustment for rounding differences 0.01   (0.01)Tax impact (0.02)  (0.23)Dilutive share impact (rabbi trust and other) -   -       Net income per diluted share, excluding certain items, a non-GAAP measure$1.52  $0.96       Adjusted earnings per share, a non-GAAP measure:     Basic$1.53  $0.97 Diluted$1.52  $0.96           RANGE RESOURCES CORPORATION
            RECONCILIATION OF CASH MARGIN PER MCFE, a non-     GAAP measure     (Unaudited, In thousands, except per unit data)      Three Months Ended March 31,  2026  2025       Revenues     Natural gas, NGLs and oil sales, as reported$1,010,252  $791,920 Derivative fair value loss, as reported (33,429)  (158,957)Less non-cash fair value (gain) loss (15,866)  163,530 Brokered natural gas and marketing, as reported 57,229   54,408 Other income, as reported 118   3,183 Less gain on sale of assets (6)  (62)Less ARO settlement -   - Cash revenues and other income 1,018,298   854,022       Expenses     Direct operating, as reported 28,674   25,373 Less direct operating stock-based compensation (546)  (537)Transportation, gathering and compression, as reported 323,329   306,109 Taxes other than income, as reported 5,823   6,987 Brokered natural gas and marketing, as reported 58,123   58,201 Less brokered natural gas and marketing stock-based compensation (884)  (840)General and administrative, as reported 45,351   41,691 Less G&A stock-based compensation (10,625)  (10,111)Less lawsuit settlements and other (273)  (27)Interest expense, as reported 19,419   29,161 Less amortization of deferred financing costs (827)  (1,376)Cash expenses 467,564   454,631       Cash margin, a non-GAAP measure$550,734  $399,391       Mmcfe produced during period 198,669   198,025       Cash margin per mcfe$2.77  $2.02       RECONCILIATION OF INCOME BEFORE INCOME TAXES     TO CASH MARGIN, a non-GAAP measure     (Unaudited, in thousands, except per unit data)      Three Months Ended March 31,  2026  2025       Income before income taxes, as reported$433,161  $109,735 Adjustments to reconcile income before income taxes to cash margin:     ARO settlements -   - Derivative fair value loss 33,429   158,957 Net cash (payments) receipts on derivative settlements (49,295)  4,573 Exploration expense 5,696   6,044 Lawsuit settlements and other 273   27 Exit costs 6,950   8,897 Deferred compensation plan 2,543   2,879 Stock-based compensation (direct operating, brokered natural gas and marketing, exploration and general and administrative) 12,389   11,835 Bad debt expense -   - Interest - amortization of deferred financing costs 827   1,376 Depletion, depreciation and amortization 88,526   90,559 Gain on sale of assets (6)  (62)Loss (gain) on early extinguishment of debt 12,344   (3)Abandonment and impairment of unproved properties 3,897   4,574 Cash margin, a non-GAAP measure$550,734  $399,391         

Key Takeaways Range Resources reported Q1 2026 EPS of $1.52, beating estimates and increasing from 96 cents a year ago.RRC posted realized prices of $5.09 per Mcfe, up 27%, with natural gas prices rising 43% year over year. Range Resources revenues top $1.02B, driven by natural gas prices and production growth. Range Resources Corporation (RRC - Free Report) reported first-quarter 2026 adjusted earnings of $1.52 per share, which beat the Zacks Consensus Estimate of $1.33. The bottom line also improved from the prior-year level of 96 cents. 

Total quarterly revenues of $1,018.3 million topped the Zacks Consensus Estimate of $919.3 million. The top line increased from the prior-year figure of $854 million.

Strong quarterly results can be attributed to higher gas-equivalent production and increased natural gas price realization.

Operational Performance of RRCProduction averaged 2,207.4 million cubic feet equivalent per day (MMcfe/d), higher than the year-ago quarter’s 2,200.3 MMcfe/d. The figure came in lower than our projection of 2,233.7 MMcfe/d. Natural gas contributed 68% to the company’s total production, while NGLs and oil accounted for the rest. 

Natural gas production remained flat year over year. Oil production increased 75%, while NGL output declined 2% over the same time frame.

Total price realization (excluding derivative settlements and before third-party transportation costs) averaged $5.09 per Mcfe, up 27% year over year. Price realization exceeded our estimate of $4.48 per Mcfe. Natural gas price increased 43% on a year-over-year basis to $5.18 per Mcf. NGL price declined 4%, while oil price rose 4%.

RRC’s Costs & ExpensesTotal costs and expenses increased 3% year over year to $601 million. The reported figure topped our projection of $571.3 million. Transportation, gathering, processing and compression costs, which constitute a significant part of the total costs, increased to $323.3 million from $306.1 million in the prior-year quarter.

RRC’s Capital Expenditure & Balance SheetDrilling and completion expenditure totaled $130 million. An additional $5 million was spent on acreage and $4 million on infrastructure and other investments.

At the end of the first quarter, Range Resources reported a total debt of $819.3 million, net of deferred financing costs.

Outlook of Range ResourcesRRC expects the total production for 2026 to be in the range of 2.35-2.40 billion cubic feet equivalent per day (Bcfe/d), of which more than 30% is expected to come from liquid production. The company updated its capital budget for the year to be in the range of $650-$700 million.

RRC’s Zacks Rank & Stocks to ConsiderCurrently, Range Resources carries a Zacks Rank #3 (Hold).

Some better-ranked stocks from the energy sector are Chevron Corporation (CVX - Free Report) , BP p.l.c. (BP - Free Report) and Antero Resources Corporation (AR - Free Report) . CVX and BP each sport a Zacks Rank #1 (Strong Buy), while AR has a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks Rank #1 stocks here.

Chevron is a leading integrated energy giant involved in all aspects of the oil and gas industry, including exploration, production, refining and marketing. As one of the world's largest integrated energy firms, it operates globally with assets in North America, Kazakhstan, Australia, Nigeria and many other countries.

In the United States, CVX maintains a significant presence in the Permian Basin, with more than 1.75 million net acres in the Delaware and Midland sub-basins. With a sustained demand for oil and gas in the future, Chevron is positioning itself as a key provider by expanding its oil and gas supply to fulfill the increased global energy needs. CVX is set to release first-quarter 2026 earnings on May 1, 2026.

BP is an energy giant that operates globally in oil and gas exploration, extraction, refining and marketing. BP generates a significant portion of revenues from its upstream operations. Alongside its core hydrocarbon business, BP is also focusing on lower-carbon energy, including biofuels, electric vehicle charging, hydrogen and renewable power. BP is set to release first-quarter 2026 earnings on April 28, 2026.

Headquartered in Denver, CO, Antero Resources is an independent energy company focused on producing natural gas and natural gas liquids (NGLs) in the Appalachian Basin. AR utilizes horizontal drilling and hydraulic fracturing to develop its extensive 537,000 acreage in the Appalachian Basin, primarily in West Virginia and Ohio. Strong natural gas demand driven by liquified natural gas exports and power consumption is expected to benefit AR as it stands as a major U.S. natural gas producer. AR is set to release first-quarter 2026 earnings on April 29, 2026.

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For the quarter ended March 2026, Range Resources (RRC - Free Report) reported revenue of $1.02 billion, up 19.2% over the same period last year. EPS came in at $1.52, compared to $0.96 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $919.26 million, representing a surprise of +10.77%. The company delivered an EPS surprise of +14.29%, with the consensus EPS estimate being $1.33.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Range Resources performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Net production per day - Natural Gas: 1,508.84 Mcf/D compared to the 1,553.79 Mcf/D average estimate based on six analysts.Net production per day - Oil: 8,239.00 BBL/D versus 5,661.48 BBL/D estimated by six analysts on average.Net production per day - Natural Gas Equivalent: 2,207.44 Mcfe/D versus the five-analyst average estimate of 2,251.98 Mcfe/D.Net production per day - NGLs: 108.19 millions of barrels of oil per day versus 110.06 millions of barrels of oil per day estimated by five analysts on average.Average realized prices after hedges - Natural Gas: $4.85 versus $4.56 estimated by five analysts on average.Average realized prices after hedges - NGLs: $26.62 versus $24.49 estimated by four analysts on average.Average realized prices after hedges - Oil: $58.41 versus the four-analyst average estimate of $60.46.Average prices, excluding derivative settlements and before third-party - Natural Gas: $5.18 versus the three-analyst average estimate of $4.82.Average prices, excluding derivative settlements and before third-party - NGLs: $26.62 versus $24.88 estimated by three analysts on average.Revenues and other income- Natural gas, NGLs and oil sales: $1.01 billion compared to the $929.98 million average estimate based on three analysts. The reported number represents a change of +27.6% year over year.Revenues and other income- Brokered natural gas, marketing and other: $57.23 million versus the three-analyst average estimate of $51.66 million. The reported number represents a year-over-year change of +5.2%.Revenues and other income- Natural gas, NGLs and Oil Sales components- Natural gas sales: $704.08 million compared to the $655.7 million average estimate based on two analysts. The reported number represents a change of +43.6% year over year.View all Key Company Metrics for Range Resources here>>>

Shares of Range Resources have returned -9.3% over the past month versus the Zacks S&P 500 composite's +8.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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Published in earnings earnings-estimates-revisions earnings-surprise

Posted by Defense World Staff on Apr 24th, 2026

Evergreen Capital Management LLC raised its stake in Range Resources Corporation (NYSE:RRC – Free Report) by 166.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,775 shares of the oil and gas exploration company’s stock after buying an additional 17,343 shares during the quarter. Evergreen Capital Management LLC’s holdings in Range Resources were worth $979,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. PFG Advisors lifted its stake in Range Resources by 23.2% in the fourth quarter. PFG Advisors now owns 6,545 shares of the oil and gas exploration company’s stock valued at $231,000 after buying an additional 1,231 shares during the period. Journey Advisory Group LLC lifted its stake in Range Resources by 15.6% in the fourth quarter. Journey Advisory Group LLC now owns 112,491 shares of the oil and gas exploration company’s stock valued at $3,966,000 after buying an additional 15,197 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Range Resources by 4.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,990 shares of the oil and gas exploration company’s stock valued at $2,679,000 after buying an additional 2,978 shares during the period. GF Fund Management CO. LTD. lifted its stake in Range Resources by 7.1% in the fourth quarter. GF Fund Management CO. LTD. now owns 69,406 shares of the oil and gas exploration company’s stock valued at $2,447,000 after buying an additional 4,583 shares during the period. Finally, Moran Wealth Management LLC raised its position in shares of Range Resources by 68.0% during the fourth quarter. Moran Wealth Management LLC now owns 53,476 shares of the oil and gas exploration company’s stock worth $1,886,000 after purchasing an additional 21,639 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Range Resources Stock Down 1.4% NYSE:RRC opened at $42.63 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.67 and a current ratio of 0.55. The company has a market cap of $10.05 billion, a PE ratio of 11.28, a PEG ratio of 0.79 and a beta of 0.51. Range Resources Corporation has a 52-week low of $32.60 and a 52-week high of $48.31. The stock has a 50-day simple moving average of $42.22 and a 200 day simple moving average of $38.54.

Range Resources (NYSE:RRC – Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The oil and gas exploration company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.27. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $898.20 million. Range Resources had a return on equity of 18.64% and a net margin of 26.09%.Range Resources’s quarterly revenue was up 49.8% on a year-over-year basis. During the same period last year, the company earned $0.96 earnings per share. On average, sell-side analysts expect that Range Resources Corporation will post 3.65 EPS for the current fiscal year.

Range Resources Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, March 13th. This is a boost from Range Resources’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.9%. Range Resources’s dividend payout ratio is 10.58%.

Key Headlines Impacting Range Resources Here are the key news stories impacting Range Resources this week:

Positive Sentiment: Q1 2026 earnings beat — Range posted stronger-than-expected revenue and EPS driven by higher production and improved natural‑gas price realizations; revenue topped $1B and margins expanded, supporting near‑term cash generation. RRC Q1 Earnings Surpass Estimates on Higher Price Realizations Positive Sentiment: Earnings call highlighted record margins and strong cash flow — Management emphasized high operating margins, robust free cash flow and capital discipline, which support shareholder returns and a favorable payout/capital allocation outlook. Range Resources Corp (RRC) Q1 2026 Earnings Call Highlights: Record Cash Flow and Strategic … Positive Sentiment: Operational efficiency and export tailwinds — Company reports and analyst writeups point to better well performance, cost control and growing LNG/export demand that boosted realizations and helped drive outperformance vs. peers. RRC Q1 Deep Dive: Operational Efficiency and Export Tailwinds Drive Outperformance Positive Sentiment: Bank of America raised its price target to $44 — A notable sell‑side upgrade that signals improving analyst sentiment and provides support for the stock’s valuation. Bank of America Raises Range Resources (NYSE:RRC) Price Target to $44.00 Positive Sentiment: Technicals: rising relative price strength — Market screens note RRC among stocks gaining relative momentum, which can attract trend‑following flows. Stocks with rising relative price strength: Range Resources Neutral Sentiment: Company maintains a measured 2026 production-growth plan — Management is prioritizing capital discipline over aggressive volume growth, which reduces execution risk but may limit near‑term production upside. Range Resources sticking to measured 2026 growth plan Neutral Sentiment: Analyst/metrics digests and transcript available — Multiple outlets parsed the call and granular metrics (costs, volumes, realized prices); the transcript and analyst notes offer detail for model updates. Range Resources Corporation (RRC) Q1 2026 Earnings Call Transcript Compared to Estimates, Range Resources (RRC) Q1 Earnings: A Look at Key Metrics Neutral Sentiment: Broader analyst commentary — Coverage pieces note RRC’s strengths vs. peers but also highlight sensitivity to natural gas prices and macro demand for LNG exports. Analysts Offer Insights on Energy Companies: Exxon Mobil (XOM) and Range Resources (RRC) Wall Street Analyst Weigh In RRC has been the topic of a number of research analyst reports. Morgan Stanley dropped their price target on Range Resources from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, January 23rd. Weiss Ratings raised Range Resources from a “hold (c)” rating to a “buy (b)” rating in a research report on Friday, February 27th. TD Cowen raised their price target on Range Resources from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, March 17th. Stephens dropped their price target on Range Resources from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Truist Financial dropped their price target on Range Resources from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Thursday, April 9th. Four analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Range Resources currently has a consensus rating of “Hold” and an average price target of $43.41.

Get Our Latest Stock Analysis on RRC

Insider Activity In related news, Director Brenda A. Cline sold 7,000 shares of the stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $44.40, for a total transaction of $310,800.00. Following the completion of the transaction, the director directly owned 28,668 shares in the company, valued at approximately $1,272,859.20. This trade represents a 19.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

About Range Resources (Free Report)

Range Resources Corporation, headquartered in Fort Worth, Texas, is an independent energy company engaged in the exploration, development and production of natural gas, oil and natural gas liquids. The company focuses its core operations on the Appalachian Basin, with a significant presence in Pennsylvania’s Marcellus Shale. Through its drilling and completion activities, Range Resources seeks to optimize production efficiency while maintaining a disciplined approach to capital allocation and cost management.

The company’s technical expertise centers on advanced horizontal drilling and hydraulic fracturing techniques, which it applies to unlock unconventional resources.

Read More Five stocks we like better than Range Resources Want to see what other hedge funds are holding RRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Range Resources Corporation (NYSE:RRC – Free Report).

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Range Resources (RRC - Free Report) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.

The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.

The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.

Therefore, the Zacks rating upgrade for Range Resources basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

For Range Resources, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for Range ResourcesFor the fiscal year ending December 2026, this independent oil and gas company is expected to earn $4.11 per share, which is unchanged compared with the year-ago reported number.

Analysts have been steadily raising their estimates for Range Resources. Over the past three months, the Zacks Consensus Estimate for the company has increased 27.1%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Range Resources to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

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What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.

Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.

The Style Scores are broken down into four categories:

Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.

Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

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That's where the Style Scores come in.

To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.

The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.

For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Range Resources (RRC - Free Report) Based in Fort Worth, TX, Range Resources is an independent oil and gas company engaged in the exploration, development and acquisition of oil and natural gas properties, primarily in the Appalachian Basin with principal area of operations is the Marcellus Shale in Pennsylvania.

RRC is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of B.

Additionally, the company could be a top pick for growth investors. RRC has a Growth Style Score of B, forecasting year-over-year earnings growth of 25.7% for the current fiscal year.

For fiscal 2026, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.48 to $3.77 per share. RRC boasts an average earnings surprise of +14.3%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, RRC should be on investors' short list.

May 29, 2026 06:30 ET  | Source: Range Resources Corporation

FORT WORTH, Texas, May 29, 2026 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the second quarter. A dividend of $0.10 per common share is payable on June 26, 2026 to stockholders of record at the close of business on June 12, 2026.

RANGE RESOURCES CORPORATION (NYSE: RRC) is a leading U.S. independent natural gas and NGL producer with operations focused in the Appalachian Basin. The Company is headquartered in Fort Worth, Texas. More information about Range can be found at www.rangeresources.com.

SOURCE: Range Resources Corporation

It has been about a month since the last earnings report for Lithia Motors (LAD - Free Report) . Shares have lost about 16% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is Lithia Motors due for a breakout? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent drivers for Lithia Motors, Inc. before we dive into how investors and analysts have reacted as of late.

Lithia Q4 Earnings Miss ExpectationsLithia reported fourth-quarter 2025 adjusted earnings per share of $6.74, down from the prior-year quarter’s figure of $7.79. The figure missed the Zacks Consensus Estimate of $8.09. Revenues of $9.2 billion remained flat year over year and missed the Zacks Consensus Estimate of $9.53 billion.

Segmental PerformanceNew vehicle revenues fell 5.7% year over year to $4.63 billion and missed our estimate of $4.71 billion due to lower-than-expected average selling price (ASP). New vehicle units sold declined 8.1% from the prior-year quarter’s level to 97,424 units but beat our estimate of 95,435 units.

The ASP of new vehicle increased to $48,239 from $47,478 in the prior-year quarter but missed our estimate of $49,401. The gross margin in this segment contracted 70 basis points (bps) to 5.9% while the cost of sales fell 5% year over year to $4.36 billion.

Used vehicle revenues rose 6.7% year over year to $3.2 billion and surpassed our estimate of $2.68 billion due to higher-than-anticipated unit sales and ASP. The used-vehicle retail units sold increased 4.8% from the year-ago quarter’s figure to 99,905 units and beat our expectation of 94,261 units. The ASP of used vehicle was $28,533, up 3.1% year over year. Our estimate was $28,413. The gross margin in the segment decreased 60 bps to 4.7%.

The company’s finance and insurance revenues rose 0.3% to $356.9 million and beat our estimate of $347 million. Revenues from aftersales totaled $1.04 billion, which rose 11.4% year over year and beat our estimate of $972.1 million. Same-store new vehicle revenues fell 6.6% year over year, while same-store used vehicle sales rose 6.1%. Same-store revenues from finance and insurance fell 0.9%, while those from the aftersales unit rose 10.9%.

Financial TidbitsCost of sales was up 0.3% year over year. SG&A expenses amounted to $979.3 million, up 8.6% year over year. Adjusted SG&A, as a percentage of gross profit, was 71.4%, up from the prior-year quarter’s 66.3%. Pretax and net profit margins declined from the year-ago levels.

The company announced a dividend of 55 cents to be paid out on March 20, 2026, to its shareholders of record as of March 6, 2026. In fourth-quarter 2025, LAD repurchased nearly 917,427 shares at an average price of $314. Currently, Lithia has approximately $621.6 million shares remaining under its buyback authorization.

Lithia had cash/cash equivalents/restricted cash of $341.8 million as of Dec. 31, 2025, down from $402.2 million as of Dec. 31, 2024. Long-term debt was $7.27 billion as of Dec. 31, 2025, up from $6.12 billion as of Dec. 31, 2024.

How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a flat trend in estimates review.

VGM ScoresCurrently, Lithia Motors has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. However, the stock was allocated a score of A on the value side, putting it in the top quintile for value investors.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook Lithia Motors has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

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Posted by Defense World Staff on Mar 31st, 2026

Lithia Motors, Inc. (NYSE:LAD – Get Free Report) was the target of some unusual options trading on Monday. Traders purchased 6,255 put options on the company. This represents an increase of 3,356% compared to the average daily volume of 181 put options.

Lithia Motors Stock Down 1.7% LAD stock opened at $246.20 on Tuesday. Lithia Motors has a one year low of $239.78 and a one year high of $360.55. The firm has a market cap of $5.76 billion, a PE ratio of 7.66, a PEG ratio of 0.59 and a beta of 1.21. The firm’s 50 day moving average price is $290.36 and its 200-day moving average price is $310.55. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.26 and a current ratio of 1.17.

Lithia Motors (NYSE:LAD – Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $6.74 earnings per share for the quarter, missing the consensus estimate of $8.09 by ($1.35). Lithia Motors had a return on equity of 12.76% and a net margin of 2.18%.The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter in the previous year, the company posted $7.79 earnings per share. The company’s revenue was up .3% on a year-over-year basis. On average, equities research analysts anticipate that Lithia Motors will post 34.45 EPS for the current year.

Lithia Motors Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, March 6th. Lithia Motors’s dividend payout ratio (DPR) is presently 6.85%.

Institutional Inflows and Outflows Large investors have recently bought and sold shares of the stock. Parallel Advisors LLC raised its position in shares of Lithia Motors by 26.8% during the 4th quarter. Parallel Advisors LLC now owns 156 shares of the company’s stock worth $52,000 after purchasing an additional 33 shares during the last quarter. AGP Franklin LLC grew its holdings in Lithia Motors by 0.3% during the 3rd quarter. AGP Franklin LLC now owns 10,459 shares of the company’s stock valued at $3,305,000 after buying an additional 34 shares during the last quarter. Arizona State Retirement System increased its position in Lithia Motors by 0.4% during the third quarter. Arizona State Retirement System now owns 7,702 shares of the company’s stock worth $2,434,000 after buying an additional 34 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Lithia Motors by 9.2% in the fourth quarter. GAMMA Investing LLC now owns 403 shares of the company’s stock worth $134,000 after acquiring an additional 34 shares during the last quarter. Finally, M&T Bank Corp lifted its position in shares of Lithia Motors by 2.4% in the second quarter. M&T Bank Corp now owns 1,488 shares of the company’s stock valued at $503,000 after acquiring an additional 35 shares in the last quarter.

Wall Street Analysts Forecast Growth A number of equities analysts recently commented on the company. Citigroup reduced their price objective on Lithia Motors from $399.00 to $366.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Bank of America assumed coverage on Lithia Motors in a report on Wednesday, March 4th. They issued a “neutral” rating for the company. Zacks Research lowered Lithia Motors from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 25th. Wells Fargo & Company lowered their price target on shares of Lithia Motors from $358.00 to $355.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 12th. Finally, Barclays dropped their price objective on shares of Lithia Motors from $390.00 to $380.00 and set an “overweight” rating for the company in a report on Tuesday, February 17th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $382.33.

Read Our Latest Stock Report on LAD

About Lithia Motors (Get Free Report)

Lithia Motors, Inc is an American automotive retailer headquartered in Medford, Oregon. Founded in 1946 as a small auto body and glass shop, the company has grown through organic expansion and strategic acquisitions to become one of the largest automotive retail networks in North America. Lithia operates dealerships across the United States and Canada, offering a broad portfolio of new and pre-owned vehicles from more than 40 different manufacturers.

The company’s core business activities include vehicle sales, financing, insurance, parts and service.

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The April 2026 Top 25 High Growth Dividend Stocks list targets quality companies trading below intrinsic value, averaging a 1.52% yield and 17.7% five-year dividend growth. Screened stocks appear ~34% undervalued by dividend yield theory, with an estimated +21% annualized long-term return potential. MSCI, WING, ZTS, INTU, and MSFT stand out for attractive valuations, robust dividend growth, and strong projected EPS growth.

On April 21, 2026, Lithia Motors Inc LAD shares fell 3.1% to a current price of $279.89, which is within its 52-week range of $239.78 to $360.56. This decline reflects a challenging market environment for the company, particularly as it faces a year-to-date drop of 15.6%.

GF Value™ verdict: The current price is $279.89, while GF Value™ estimates fair value at $365.83, indicating that the stock is 23.5% undervalued.GF Score™ of 89/100 suggests that LAD has strong potential for long-term returns based on key financial metrics.Notable signal: The insider activity shows that insiders sold $0.0M in the last 3 months, indicating no buying activity. Is LAD Overvalued or Undervalued? With a current price of $279.89, Lithia Motors Inc LAD appears to be undervalued when compared to its GF Value™ of $365.83, representing a margin of safety of 23.5%. This modest undervaluation presents an opportunity for potential investors, especially in light of the company's high GF Score™ of 89/100, which reflects strong fundamentals. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.

However, despite the positive valuation signal, the financial strength score of 4/10 raises some concerns. This indicates that while there may be an opportunity, investors should remain cautious and consider the overall financial health of the company before making any decisions.

How Does LAD's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 8.7x 8.5x Forward P/E 8.1x N/A The current P/E (TTM) of 8.7x is slightly above its 5-year median P/E of 8.5x, suggesting that the stock is trading at a premium compared to its historical valuation. This analysis aligns with the GF Value™ verdict, as the stock's current valuation appears to be only modestly undervalued, providing a somewhat mixed signal regarding the price's attractiveness.

What Does LAD's GF Score™ Tell Us? Metric Rating GF Score™ 89/100 Financial Strength 4/10 Profitability 8/10 Growth 10/10 Valuation 8/10 Momentum 5/10 The GF Score™ of 89/100 indicates strong potential for long-term returns, with particularly high growth (10/10) and profitability (8/10) scores. However, the financial strength score of 4/10 is a significant weakness, suggesting that while the company has robust profit margins and growth prospects, it may face challenges related to its financial structure. The momentum score of 5/10 indicates mixed performance in the market, which could impact short-term investment decisions.

What Are Insiders Doing with LAD Stock? In the last three months, insiders have not engaged in any buying activity, with a total of $0.0M in insider sales reported. This lack of insider buying might suggest caution from those closest to the company, which could be interpreted as a signal for potential investors to proceed with care. The absence of significant insider transactions implies that management may not currently view the stock as undervalued enough to warrant personal investment.

What This Means for Investors Based on the assessment of GF Value™, Lithia Motors Inc LAD is currently undervalued with a price that is 23.5% below its estimated fair value. However, the relatively low financial strength score suggests that potential investors should approach with caution, weighing the growth potential against existing financial risks.

For the complete analysis, visit the Lithia Motors Inc LAD stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is LAD's GF Score™?

LAD's GF Score™ is 89/100, indicating strong potential for long-term returns based on key financial metrics.

Is LAD overvalued or undervalued?

LAD is currently undervalued, with a GF Value™ of $365.83 compared to its current price of $279.89, representing a 23.5% undervaluation.

What is LAD's P/E ratio?

LAD's P/E (TTM) is 8.7x, which is slightly above its 5-year median P/E of 8.5x, suggesting that the stock is trading at a premium relative to its historical valuation.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Key Highlights

Record first quarter revenues of $9.3 billionUsed vehicle revenue increased 4.6% on a same store basis in the quarterUsed retail GPUs increased 9%, or $133, sequentiallyAftersales revenue increased 3.8%, gross profit increased by 5.7% and gross margin was 58.7%, a 100-basis point increase, on a same-store basisDriveway Finance Corporation achieved record originations of $840 million, with an 18.0% penetration rate and an average FICO score of 750 in the quarterFirst quarter diluted earnings per share of $4.28 and adjusted diluted earnings per share of $7.34Repurchased $259 million of shares, representing 4.0% of outstanding shares in the quarter MEDFORD, Ore., April 29, 2026 (GLOBE NEWSWIRE) -- Lithia & Driveway (NYSE: LAD), the largest global automotive retailer, today reported financial results for the first quarter of 2026.

"Our team drove strong results across our platform and sequential growth in earnings, delivering higher revenues and improved GPU in used vehicles, meaningful growth in aftersales, and growing penetration in Driveway Finance," said Bryan DeBoer, President and CEO. “Capital discipline remains a key focus, and we repurchased nearly 4% of our shares at prices well below intrinsic value. Our balance sheet and diversified platform give us a durable foundation to successfully navigate any market cycle."

First Quarter 2026 Operational Summary
First quarter 2026 revenue increased 1% to $9.3 billion from $9.2 billion in the first quarter of 2025.

First quarter 2026 diluted earnings per share attributable to LAD was $4.28, a 46% decrease from $7.94 per share reported in the first quarter of 2025. After adjusting for the unrealized loss on our investment in Pinewood Technologies Group PLC and other non-core items, adjusted diluted earnings per share attributable to LAD for the first quarter of 2026 was $7.34, a 7% decrease compared to $7.93 per share in the same period of 2025.

First quarter 2026 net income was $102.0 million, a 51.7% decrease compared to net income of $211.2 million in the first quarter of 2025. After adjusting for the unrealized loss on our investment in Pinewood Technologies Group PLC and other non-core items, adjusted net income for the first quarter 2026 was $173.3 million, an 18% decrease compared to adjusted net income of $210.9 million for the same period of 2025.

The financial measures discussed in this release include both GAAP and non-GAAP measures. See “Reconciliation of Certain Non-GAAP Measures”.

Corporate Development
Stores acquired during the first quarter are expected to generate $425 million in annualized revenues.

Balance Sheet Update
LAD ended the first quarter with approximately $1.4 billion in cash and cash equivalents, marketable securities, and availability on our revolving lines of credit.

Dividend Payment and Share Repurchases
The Board of Directors approved a dividend of $0.57 per share related to first quarter 2026 financial results. The dividend is expected to be paid on May 22, 2026 to shareholders of record on May 8, 2026.

During the first quarter of 2026, we repurchased approximately 942,000 shares at a weighted average price of $274.62. Under the current share repurchase authorization approximately $362.9 million remains available.

First Quarter Earnings Conference Call and Updated Presentation
The first quarter 2026 conference call may be accessed at 10:00 a.m. ET today by telephone at 877-407-8029. An updated presentation highlighting first quarter 2026 results has been added to our investor relations website. To listen live on our website or for replay, visit investors.lithiadriveway.com and click on Quarterly Earnings.

About Lithia & Driveway (LAD)
Lithia & Driveway (NYSE: LAD) is the largest global automotive retailer providing a wide array of products and services throughout the vehicle ownership lifecycle. Simple, convenient, and transparent experiences are offered through our comprehensive network of physical locations, e-commerce platforms, captive finance solutions, fleet management offerings, and other synergistic adjacencies. We deliver consistent, profitable growth in a massive and unconsolidated industry. Our highly diversified and competitively differentiated design provides us the flexibility and scale to pursue our vision to modernize personal transportation solutions wherever, whenever and however consumers desire.

Sites
www.lithia.com
investors.lithiadriveway.com
www.lithiacareers.com
www.driveway.com
www.greencars.com
www.drivewayfinancecorp.com

Lithia & Driveway on Facebook
https://www.facebook.com/LithiaMotors
https://www.facebook.com/DrivewayHQ

Lithia & Driveway on X
https://x.com/lithiamotors
https://x.com/DrivewayHQ
https://x.com/GreenCarsHQ

Lithia & Driveway on LinkedIn
https://www.linkedin.com/company/lithia-motors/

Lithia & Driveway on YouTube
https://www.youtube.com/@Lithia_Motors/featured

Forward-Looking Statements
Certain statements in this presentation, and at times made by our officers and representatives, constitute forward-looking statements within the meaning of the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. Generally, you can identify forward-looking statements by terms such as “project,” “outlook,” “target,” “may,” “will,” “would,” “should,” “seek,” “expect,” “plan,” “intend,” “forecast,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “likely,” “ensure,” “goal,” “strategy,” “future,” “maintain,” and “continue” or the negative of these terms or other comparable terms. Examples of forward-looking statements in this presentation include, among others, statements regarding:

The profitability of our strategy and growthFuture market conditions, including anticipated vehicle and other sales, gross profit and inventory supplyOur business strategy and plans, including our achieving our long-term financial targetsThe growth, expansion, make-up and success of our network, including our finding accretive acquisitions that meet our target valuations and acquiring additional storesAnnualized revenues from acquired stores or achieving target returnsThe growth and performance of our Driveway e-commerce home solution and Driveway Finance Corporation (DFC), their synergies and other impacts on our business and our ability to meet Driveway and DFC-related targetsThe impact of sustainable vehicles and other market and regulatory changes on our business, including evolving vehicle distribution modelsOur capital allocations and uses and levels of capital expenditures in the futureExpected operating results, such as improved store performance, continued improvement of selling, general and administrative expenses as a percentage of gross profit and any projectionsOur anticipated financial condition and liquidity, including from our cash and the future availability of our credit facilities, unfinanced real estate and other financing sourcesOur continuing to purchase shares under our share repurchase programOur compliance with financial and restrictive covenants in our credit facilities and other debt agreementsOur programs and initiatives for team member recruitment, training, and retentionOur strategies and targets for customer retention, growth, market position, operations, financial results and risk management Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements in this presentation. Therefore, you should not rely on any of these forward-looking statements. The risks and uncertainties that could cause actual results to differ materially from estimated or projected results include, without limitation:

Future national and local economic and financial conditions, including as a result of inflation, interest rates, tariffs, governmental actions, programs and spending, and public health issuesThe market for dealerships, including the availability of stores to us for an acceptable priceChanges in customer demand, levels of consumer debt, consumer confidence and manufacturer sales incentives, and the electric vehicle landscape and the impact of evolving digital technologiesChanges in our relationship with, and the financial and operational stability of, OEMs and other suppliers, and vehicle delivery modelsChanges in the competitive landscape, including through technology and our ability to deliver new products, services and customer experiences and a portfolio of in-demand and available vehiclesRisks associated with our indebtedness, including available borrowing capacity, interest rates, compliance with financial covenants and ability to refinance or repay indebtedness on favorable termsThe adequacy of our cash flows and other conditions which may affect our ability to fund capital expenditures, obtain favorable financing and pay our quarterly dividend at planned levelsDisruptions to our technology network including computer systems, as well as natural events such as severe weather or man-made or other disruptions of our operating systems, facilities or equipmentGovernment regulations and legislationThe risks set forth throughout “Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” and in “Part I, Item 1A. Risk Factors” of our most recent Annual Report on Form 10-K, and in “Part II, Item 1A. Risk Factors” of our Quarterly Reports on Form 10-Q, and from time to time in our other filings with the SEC. Any forward-looking statement made by us in this presentation is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by law, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Non-GAAP Financial Measures
All “adjusted” financial measures in this presentation are non-GAAP financial measures, as are EBITDA and net debt. Non-GAAP measures do not have definitions under GAAP and may be defined differently by and not comparable to similarly titled measures used by other companies. We caution you not to place undue reliance on such non-GAAP measures and to consider them together with the most directly comparable GAAP measures. We present cash flows from operations in the attached tables, adjusted to include the change in non-trade floor plan debt to improve the visibility of cash flows related to vehicle financing. As required by SEC rules, we have reconciled these measures to the most directly comparable GAAP measures in the attachments to this release. We believe the non-GAAP financial measures we present improve the transparency of our disclosures; provide a meaningful presentation of our results from core business operations, because they exclude items not related to core business operations and other non-cash items; and improve the period-to-period comparability of our results from core business operations. These presentations should not be considered an alternative to GAAP measures.

LAD
Consolidated Statements of Operations (Unaudited)
(In millions except per share data)

 Three months ended
March 31,
 %  Increase  2026   2025  (Decrease)Revenues:     New vehicle$4,379.4  $4,580.4  (4.4) %Used vehicle 3,489.4   3,250.5  7.3 Finance and insurance 359.7   364.3  (1.3)Aftersales 1,042.9   983.1  6.1 Total revenues 9,271.4   9,178.3  1.0%Cost of sales:     New vehicle 4,119.8   4,287.0  (3.9)Used vehicle 3,301.7   3,061.8  7.8 Aftersales 428.2   419.1  2.2 Total cost of sales 7,849.7   7,767.9  1.1 Gross profit 1,421.7   1,410.4  0.8%      Finance operations income 21.3   12.5  70.4%      SG&A expense 1,037.4   952.7  8.9 Depreciation and amortization 69.8   63.9  9.2 Income from operations 335.8   406.3  (17.4) %Floor plan interest expense (55.9)  (57.1) (2.1)Other interest expense (70.3)  (65.5) 7.3 Other (expense) income (67.6)  0.8  NM Income before income taxes 142.0   284.5  (50.1) %Income tax expense (40.0)  (73.3) (45.4)Income tax rate 28.2%  25.8%  Net income$102.0  $211.2  (51.7) %Net income attributable to non-controlling interests (1.6)  (1.7) (5.9) %Net income attributable to LAD$100.4  $209.5  (52.1) %      Diluted earnings per share attributable to LAD:     Net income per share$4.28  $7.94  (46.1) %      Diluted shares outstanding 23.4   26.4  (11.4) % NM - not meaningful

LAD
Key Performance Metrics (Unaudited)

 Three months ended
March 31,
 %  Increase  2026   2025  (Decrease)Gross margin     New vehicle 5.9%  6.4% (50)bpsUsed vehicle 5.4   5.8  (40)Finance and insurance 100.0   100.0  — Aftersales 58.9   57.4  150 Gross profit margin 15.3   15.4  (10)      Unit sales     New vehicle 94,787   99,503  (4.7) %Used vehicle retail 110,151   107,326  2.6       Average selling price (excluding agency)     New vehicle$46,878  $47,209  (0.7) %Used vehicle retail 28,464   27,198  4.7       Average gross profit per unit     New vehicle$2,739  $2,950  (7.2) %Used vehicle retail 1,688   1,769  (4.6)Finance and insurance 1,807   1,804  0.2 Total vehicle(1) 3,938   4,093  (3.8)      Revenue mix     New vehicle 47.2%  49.9%  Used vehicle 37.6   35.4   Finance and insurance, net 3.9   4.0   Aftersales 11.3   10.7         Gross Profit Mix     New vehicle 18.3%  20.8%  Used vehicle 13.2   13.4   Finance and insurance, net 25.3   25.8   Aftersales 43.2   40.0     Adjusted As reported Three months ended
March 31, Three months ended
March 31,Other metrics2026  2025  2026  2025 SG&A as a % of revenue11.0% 10.5% 11.2% 10.4%SG&A as a % of gross profit71.5  68.2  73.0  67.5 Operating profit as a % of revenue3.8  4.3  3.6  4.4 Operating profit as a % of gross profit25.1  28.2  23.6  28.8 Pretax margin2.5  3.1  1.5  3.1 Net profit margin1.9  2.3  1.1  2.3  (1)   Includes the sales and gross profit related to new, used, and finance and insurance and unit sales for new and used retail

LAD
Same Store Operating Highlights (Unaudited)

 Three months ended
March 31,
 %  Increase  2026   2025  (Decrease)Revenues     New vehicle$4,156.8  $4,474.3  (7.1) %Used vehicle 3,302.0   3,157.4  4.6 Finance and insurance 345.2   358.7  (3.8)Aftersales 992.1   955.8  3.8 Total revenues 8,796.1   8,946.2  (1.7)      Gross profit     New vehicle$246.8  $287.8  (14.2) %Used vehicle 178.8   187.3  (4.5)Finance and insurance 345.2   358.7  (3.8)Aftersales 582.6   551.1  5.7 Total gross profit 1,353.4   1,384.9  (2.3)      Gross margin     New vehicle 5.9%  6.4% (50)bpsUsed vehicle 5.4   5.9  (50)Finance and insurance 100.0   100.0  — Aftersales 58.7   57.7  100 Gross profit margin 15.4   15.5  (10)      Unit sales     New vehicle 90,671   97,617  (7.1) %Used vehicle retail 105,541   104,961  0.6       Average selling price (excluding agency)     New vehicle$46,545  $47,018  (1.0) %Used vehicle retail 28,142   27,019  4.2       Average gross profit per unit     New vehicle$2,722  $2,949  (7.7) %Used vehicle retail 1,680   1,795  (6.4)Finance and insurance 1,813   1,812  0.1 Total vehicle(1) 3,928   4,116  (4.6) (1)   Includes the sales and gross profit related to new, used, and finance and insurance and unit sales for new and used retail

LAD
Other Highlights (Unaudited)

 Three months ended March 31, 2026Key Performance by CountryTotal Revenue Total Gross ProfitUnited States75.6% 80.9%United Kingdom21.4% 16.7%Canada3.0% 2.4%  As of March 31, December 31, March 31,Days’ Supply(1)2026 2025 2025New vehicle inventory49 54 43Used vehicle inventory47 48 44 (1)   Days’ supply in inventory is calculated using on-ground inventory unit levels and a 30-day total unit sales volumes, both at the end of each reporting period.

Selected Financing Operations Financial Information

 Three months ended March 31,($ in millions) 2026  %(1)  2025  %(1)Interest and fee income$110.5  9.0  $94.4  9.4 Interest expense (51.6) (4.2)  (48.1) (4.8)Total interest margin$58.9  4.8  $46.3  4.6 Lease income 23.9     20.5   Lease costs (20.2)    (16.8)  Lease income, net 3.7     3.7   Provision expense (26.4) (2.1)  (25.5) (2.5)Other financing operations expenses (14.9) (1.2)  (12.0) (1.2)Finance operations income$21.3    $12.5           Total average managed finance receivables$5,004.0    $4,062.1    (1)   Annualized percentage of total average managed finance receivables

LAD
Condensed Consolidated Balance Sheets (Unaudited)
(In millions)

 March 31, 2026 December 31, 2025Cash, restricted cash, and cash equivalents$421.3 $341.8Trade receivables, net 1,261.4  1,134.1Inventories, net 6,193.2  6,119.6Other current assets 275.9  262.5Total current assets$8,151.8 $7,858.0    Property and equipment, net 4,994.5  4,936.0Finance receivables, net 5,012.9  4,755.1Intangibles 5,242.0  5,254.1Other non-current assets 2,348.5  2,304.0Total assets$25,749.7 $25,107.2    Floor plan notes payable 6,284.5  5,008.9Other current liabilities 1,915.2  1,687.8Total current liabilities$8,199.7 $6,696.7    Long-term debt, less current maturities 6,448.8  7,274.9Non-recourse notes payable, less current maturities 2,565.8  2,404.2Other long-term liabilities and deferred revenue 2,125.9  2,103.0Total liabilities$19,340.2 $18,478.8    Equity 6,409.5  6,628.4Total liabilities and equity$25,749.7 $25,107.2 LAD
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)

 Three months ended March 31,Cash flows from operating activities: 2026   2025 Net income$102.0  $211.2 Adjustments to reconcile net income to net cash provided by operating activities 212.2   146.9 Changes in:   Inventories (97.2)  186.4 Finance receivables (261.2)  (179.1)Floor plan notes payable (65.5)  23.3 Other operating activities 1.3   (66.6)Net cash (used in) provided by operating activities (108.4)  322.1 Cash flows from investing activities:   Capital expenditures (97.1)  (68.7)Cash paid for acquisitions, net of cash acquired (145.3)  (84.5)Proceeds from sales of stores —   43.2 Other investing activities 1.9   (7.1)Net cash used in investing activities (240.5)  (117.1)Cash flows from financing activities:   Net borrowings on floor plan notes payable, non-trade 1,378.3   (44.0)Net borrowings on non-recourse notes payable 160.0   254.4 Net borrowings on other debt and finance lease liabilities (798.8)  (159.7)Proceeds from issuance of common stock 5.8   5.6 Repurchase of common stock (297.0)  (143.4)Dividends paid (12.8)  (13.9)Other financing activity (3.5)  (72.0)Net cash provided by (used in) financing activities 432.0   (173.0)Effect of exchange rate changes on cash and restricted cash (1.7)  0.3 Change in cash, restricted cash, and cash equivalents 81.4   32.3 Cash, restricted cash, and cash equivalents at beginning of period 391.3   445.8 Cash, restricted cash, and cash equivalents at end of period 472.7   478.1  LAD
Reconciliation of Non-GAAP Cash Flow from Operations (Unaudited)
(In millions)

 Three months ended March 31,Net cash provided by operating activities 2026   2025 As reported$(108.4) $322.1 Floor plan notes payable, non-trade, net(1) 1,378.3   (44.0)Adjust: finance receivables activity 261.2   179.1 Less: Borrowings on floor plan notes payable, non-trade associated with acquired new vehicle inventory (11.3)  (9.9)Adjusted$1,519.8  $447.3  (1)   Includes the impact of converting inventory‑secured revolvers to floorplan facilities during the quarter, increasing net floorplan borrowings and adjusted operating cash flows $1,138.3 million.

LAD
Reconciliation of Certain Non-GAAP Financial Measures (Unaudited)
(In millions, except for per share data)

 Three Months Ended March 31, 2026 As reported Investment loss Acquisition expenses Contract buyouts Tax attribute AdjustedSelling, general and administrative$1,037.4  $—  $(0.3) $(20.3) $— $1,016.8 Operating income 335.8   —   0.3   20.3   —  356.4 Other income (expense), net (67.6)  73.3   —   —   —  5.7             Income before income taxes 142.0   73.3   0.3   20.3   —  235.9 Income tax (provision) benefit (40.0)  (18.6)  (0.1)  (5.1)  1.2  (62.6)Net income$102.0  $54.7  $0.2  $15.2  $1.2 $173.3 Net income attributable to non-controlling interests (1.6)  —   —   —   —  (1.6)Net income attributable to LAD$100.4  $54.7  $0.2  $15.2  $1.2 $171.7             Diluted earnings per share attributable to LAD$4.28  $2.34  $0.01  $0.65  $0.06 $7.34 Diluted share count 23.4             Three Months Ended March 31, 2025 As reported Net gain on disposal of stores Investment loss Insurance reserves Acquisition expenses Tax attribute AdjustedSelling, general and administrative$952.7  $9.4  $—  $(0.4) $(0.2) $—  $961.5 Operating income 406.3   (9.4)  —   0.4   0.2   —   397.5 Other income (expense), net 0.8   —   9.7   —   —   —   10.5               Income before income taxes 284.5   (9.4)  9.7   0.4   0.2   —   285.4 Income tax (provision) benefit (73.3)  2.4   (2.5)  (0.1)  —   (1.0)  (74.5)Net income$211.2  $(7.0) $7.2  $0.3  $0.2  $(1.0) $210.9 Net income attributable to non-controlling interests (1.7)  —   —   —   —   —   (1.7)Net income attributable to LAD$209.5  $(7.0) $7.2  $0.3  $0.2  $(1.0) $209.2               Diluted earnings per share attributable to LAD$7.94  $(0.25) $0.27  $0.01  $—  $(0.04) $7.93 Diluted share count 26.4              LAD
Adjusted EBITDA and Net Debt to Adjusted EBITDA (Unaudited)
(In millions)

 Three months ended
March 31,
 %  Increase  2026   2025  (Decrease)EBITDA and Adjusted EBITDA     Net income$102.0  $211.2  (51.7) %Flooring interest expense 55.9   57.1  (2.1)Other interest expense 70.3   65.5  7.3 Financing operations interest expense 51.6   48.1  7.3 Income tax expense 40.0   73.3  (45.4)Depreciation and amortization 69.8   63.9  9.2 EBITDA$389.6  $519.1  (24.9) %      Other adjustments:     Less: flooring interest expense$(55.9) $(57.1) (2.1)Less: financing operations interest expense (51.6)  (48.1) 7.3 Less: used vehicle line of credit interest (1.4)  (3.0) (53.3)Add: acquisition expenses 0.3   0.2  50.0 Add: loss (gain) on disposal of stores —   (9.4) NM Add: investment loss (gain)(1) 73.3   9.7  NM Add: insurance reserves —   0.4  NM Add: contract buyouts 20.3   —  NM Adjusted EBITDA$374.6  $411.8  (9.0) % NM - not meaningful
(1) Investment losses (gains) retrospectively included in adjusted non-GAAP financial measures presented

 As of% March 31,IncreaseNet Debt to Adjusted EBITDA 2026   2025 (Decrease)Floor plan notes payable$6,284.5  $4,904.9 28.1%Used and service loaner vehicle inventory financing facility 3.6   968.7 (99.6)Revolving lines of credit 1,738.8   1,558.3 11.6 Warehouse facilities 1,337.0   768.5 74.0 Non-recourse notes payable 2,634.0   2,363.7 11.4 4.625% Senior notes due 2027 400.0   400.0 — 3.875% Senior notes due 2029 800.0   800.0 — 5.500% Senior notes due 2030 600.0   — — 4.375% Senior notes due 2031 550.0   550.0 — Finance leases and other debt 1,156.2   1,014.6 14.0 Unamortized debt issuance costs (26.3)  (24.1)9.1 Total debt$15,477.8  $13,304.6 16.3%     Less: Inventory related debt$(6,288.1) $(5,873.6)7.1%Less: Financing operations related debt (3,971.0)  (3,132.2)26.8 Less: Unrestricted cash and cash equivalents (160.8)  (234.4)(31.4)Less: Marketable securities (55.9)  (53.7)4.1 Less: Availability on used vehicle and service loaner financing facilities (0.2)  (24.3)(99.2)Net Debt$5,001.8  $3,986.4 25.5%     TTM Adjusted EBITDA$1,629.4  $1,596.5 2.1%     Net debt to Adjusted EBITDA 3.07
x
  2.50
x
  NM - not meaningful

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For the quarter ended March 2026, Lithia Motors (LAD - Free Report) reported revenue of $9.27 billion, up 1% over the same period last year. EPS came in at $7.34, compared to $7.66 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $9.36 billion, representing a surprise of -0.94%. The company delivered an EPS surprise of +3.91%, with the consensus EPS estimate being $7.06.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Lithia Motors performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Unit sales - New vehicle: 94,787 compared to the 95,181 average estimate based on three analysts.Unit sales - Used vehicle retail: 110,151 versus the three-analyst average estimate of 114,333.Average selling price - New vehicle: $46,878.00 versus the three-analyst average estimate of $48,386.25.Average selling price - Used vehicle retail: $28,464.00 compared to the $28,760.85 average estimate based on three analysts.Revenues- Finance and insurance: $359.7 million versus the four-analyst average estimate of $376.21 million. The reported number represents a year-over-year change of -1.3%.Revenues- Used vehicle: $3.49 billion compared to the $3.25 billion average estimate based on four analysts. The reported number represents a change of +19.5% year over year.Revenues- New vehicle: $4.38 billion versus the four-analyst average estimate of $4.59 billion. The reported number represents a year-over-year change of 0%.Revenues- Aftersales: $1.04 billion versus the four-analyst average estimate of $1.06 billion. The reported number represents a year-over-year change of +6.5%.Same Store Operating- Revenues- Finance and insurance: $345.2 million compared to the $359.12 million average estimate based on two analysts. The reported number represents a change of +0.1% year over year.Same Store Operating- Revenues- Used vehicle: $3.3 billion versus the two-analyst average estimate of $2.92 billion. The reported number represents a year-over-year change of +24.2%.Same Store Operating- Revenues- New vehicle: $4.16 billion versus the two-analyst average estimate of $4.31 billion. The reported number represents a year-over-year change of -0.2%.Same Store Operating- Revenues- Aftersales: $992.1 million versus the two-analyst average estimate of $981.41 million. The reported number represents a year-over-year change of +8.7%.View all Key Company Metrics for Lithia Motors here>>>

Shares of Lithia Motors have returned +11% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.

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