How Much Cash Did Range Resources Generate in 2Q16?

For 2Q16, Range Resources (RRC) reported cash flow of $0.49 per share, which was lower by ~49% when compared with 2Q15.

As seen in above graph, Range Resources’ cash flows started to decline in 1Q15, mainly due to lower realized crude oil (USO) and natural gas (UNG) prices. In 2015, Range Resources reported lower cash flows when compared to the preceding years. In 2Q16, the company reported the lowest cash flow since 2006.

For 2Q16, Range Resources’ free cash flow was -$0.31 per share.

Due to the steep downward trend in energy prices, most S&P 500 (SPY) energy companies have reported lower year-over-year cash flows. Southwestern Energy (SWN), Encana (ECA), and Consol Energy (CNX) reported $0.19 per share, $0.10 per share, and $0.42 per share, respectively, in cash flows in 2Q16.