Range Resources Q1 Profit Tops Estimates - Quick Facts

(RTTNews) - Range Resources Corporation (RRC) reported first-quarter net income of $27.7 million or $0.16 per share, compared to $32.5 million or $0.20 per share, prior year. Adjusted earnings per share was $0.19, for the quarter.

First quarter 2015 results included $123 million in derivative gains due to decreased commodity prices, compared to a $147 million loss in the first quarter of 2014. First quarter 2015 results also included a $5.6 million gain in the deferred compensation plan due to decreases in the company's stock price compared to a gain of $2.0 million in first quarter 2014.

On average, 37 analysts polled by Thomson Reuters expected the company to report profit per share of $0.13 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $462.63 million from $457.34 million last year. Non-GAAP revenues for first quarter totaled $437 million, a 13% decrease compared to first quarter 2014. Analysts expected revenue of $420.92 million for the quarter.