FORT WORTH, Texas (AP) — FORT WORTH, Texas (AP) — Range Resources Corp. (RRC) on Wednesday reported fourth-quarter profit of $310 million.
On a per-share basis, the Fort Worth, Texas-based company said it had net income of $1.27. Earnings, adjusted for non-recurring gains, came to 63 cents per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The independent oil and gas company posted revenue of $941.4 million in the period. Its adjusted revenue was $715.3 million, also beating Street forecasts. Nine analysts surveyed by Zacks expected $677.4 million.
For the year, the company reported profit of $871.1 million, or $3.57 per share. Revenue was reported as $2.81 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RRC at https://www.zacks.com/ap/RRC