Range Expects 2024 All-in Capital Budget Of $6450M - $670M
Portfolio Pulse from Benzinga Newsdesk
Range Resources Corporation (RRC) has announced its expected all-in capital budget for 2024, which is projected to be between $645 million and $670 million.
October 22, 2024 | 8:27 pm
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NEUTRAL IMPACT
Range Resources Corporation has announced its 2024 all-in capital budget, expected to be between $645 million and $670 million. This budget projection provides insight into the company's planned expenditures and potential growth strategies for the upcoming year.
The announcement of a capital budget provides investors with information on the company's planned expenditures and growth strategies. However, without additional context on how this budget compares to previous years or how it will be allocated, the immediate impact on stock price is neutral.
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