Range Resources reports Q3 adjusted EPS (7c), consensus (10c)
Reports Q3 revenue $622M, consensus $579.32M. Commenting on the quarter, Jeff Ventura, the Company's CEO and President said, "In third quarter 2019, Range delivered on several initiatives: improving our cost structure, enhancing balance sheet strength and delivering on our operational plans for less capital than originally budgeted. Our financial position has materially improved over the last year with over $1 billion in asset sales being put toward debt reduction. Maintaining financial strength and flexibility is a core principle of Range's strategy and the recent increase in bank commitments not only enhances liquidity but demonstrates the durability of Range's assets and business. While Range has made progress so far this year, we remain committed to positioning the Company for success through the commodity cycles."