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Range Resources issued its first quarter 2022 update yesterday, announcing an awesome 1Q with respect to free cash flow (the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets). Range reported the highest level of quarterly free cash flow in the company's 46-year history. Range is on track to generate $1.4 billion in free cash flow this year, allowing it to restart issuing dividends and increase its stock buyback program.
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