• Range Resources average return on tangible equity for 2023 was 50.97, a 44.23% decline from 2022.
• Range Resources average return on tangible equity for 2022 was 35.34, a 237.72% increase from 2021.
• Range Resources average return on tangible equity for 2021 was -25.66, a 61% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.