HIGHBuilt-inCommodity
65%
natural gas
“10-K Item 1A: 'approximately 65% of our proved reserves were natural gas as of December 31, 2025'”
RRC · Concentration risk · 10-K extracted
Range Resources (RRC) concentration risks
Updated
The most significant concentration Range Resources discloses is natural gas at 65%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Range Resources’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH2
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inGeographic
Pennsylvania
“10-K Item 1A: 'Our producing properties are concentrated in Pennsylvania...Essentially 100% of our total estimated proved reserves are located in Pennsylvania'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is defined by two high-share structural exposures that reinforce each other: commodity composition and geographic footprint. On the commodity side, approximately 65% of proved reserves were natural gas as of December 31, 2025 — a high-share exposure that is structural in character, reflecting the reservoir geology of the company's acreage position rather than a choice that can be readily repositioned. The preponderance of natural gas reserves means the company's realizations and reserve values move primarily with natural gas prices rather than with a balanced mix of hydrocarbon types. The geographic exposure compounds this: producing properties are concentrated in Pennsylvania, and essentially 100% of total estimated proved reserves are located there — a high-share, structural exposure where operations, regulatory relationships, takeaway infrastructure, and local basis differentials are all determined by conditions in a single state. Pennsylvania's Marcellus and Utica geology explains the concentration, but single-basin operations mean that adverse developments in local pipeline access, state regulatory policy, or regional basis spreads translate directly into company-level risk without any geographic offset. Together the two exposures are tightly coupled: the company is a large-share natural gas producer whose entire reserve base sits within one jurisdiction. The dominant investment variables are therefore Henry Hub pricing, Appalachian basis differentials, and Pennsylvania regulatory and infrastructure conditions — all of which operate at a regional and commodity level rather than at the level of individual customer or counterparty relationships.
For the engine’s reasoning on RRC’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Oil & Gas E&P
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| BKV | BKV Corporation | 4 | 0 | 0 | 4 |
| CHRD | Chord Energy Corporation | 2 | 1 | 0 | 3 |
| RRC● | Range Resources Corporation | 2 | 0 | 0 | 2 |
| BSM | Black Stone Minerals, L.P. | 1 | 1 | 1 | 3 |
| APA | APA Corporation | 0 | 0 | 0 | 0 |
| AR | Antero Resources Corporation | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.