Dennis Degner
RANGE RESOURCESAbout Dennis Degner
Dennis L. Degner (age 52) is Range Resources’ President & CEO and a director since 2023. He joined Range in 2010 and was appointed CEO on May 10, 2023; he holds a B.S. in Agricultural Engineering from Texas A&M and is a member of the Society of Petroleum Engineers . Range’s pay-for-performance design ties a majority of CEO compensation to multi-year TSR and operational/financial metrics; the 2021 TSR-PSUs paid at 160% based on a top-third 3-year TSR as of February 2024, evidencing alignment with shareholder outcomes . Shareholders supported executive pay with 98% say‑on‑pay approval in 2024 and >97% for the last three years .
Company performance context:
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Revenues ($USD) | $5,330,868,000* | $2,541,213,000 | $2,346,898,000 |
| EBITDA ($USD) | $2,089,893,000* | $1,729,953,000* | $776,393,000* |
Values retrieved from S&P Global. * denotes SPGI values without document citations.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Range Resources | President & CEO | Appointed May 10, 2023 | Led through gas price weakness; reinforced free cash flow focus and TSR-linked incentives . |
| Range Resources | Chief Operating Officer | 2019–2023 | Drove operational efficiency across Appalachia; prepared succession pipeline . |
| Range Resources | SVP Operations | 2018–2019 | Advanced drilling/completion productivity and unit cost disciplines . |
| Range Resources | VP, Appalachia BU | 2010–2018 | Managed core Marcellus operations and capital efficiency . |
| EnCana; Sierra Engineering; Halliburton | Technical/managerial roles | Prior to 2010 | Built multi-basin technical and leadership experience (TX, LA, WY, CO, PA) . |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Society of Petroleum Engineers | Member | N/A | Professional affiliation . |
| Public company boards | None | — | No other public directorships . |
Fixed Compensation
Multi-year CEO compensation detail:
| Component ($USD) | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Salary | $498,077 | $688,462 | $860,577 |
| Non-Equity Incentive (Annual Bonus) | $450,000 | $1,467,000 | $1,365,000 |
| Stock Awards (Grant-Date Fair Value) | $2,299,965 | $3,925,016 | $5,131,610 |
| All Other Compensation | $82,019 | $101,466 | $135,643 |
| Total | $3,330,061 | $6,181,944 | $7,492,829 |
Additional salary calibration:
- CEO base salary increased to $875,000 in Feb 2024 and to $940,000 in Feb 2025; initial CEO salary set at $750,000 effective May 10, 2023 .
- CEO bonus opportunity: Threshold 60%, Target 120%, Excellent 240% of base; 2024 payout achieved 156% pre‑discretionary .
Other compensation components (2024):
- Deferred Compensation Plan match: $86,058; 401(k) match: $20,700; executive disability premium: $28,885 (total other