A method is derived for instantaneous source-range estimation in a horizontally stratified ocean waveguide from passive beam-time intensity data obtained after conventional plane-wave beamforming of acoustic array measurements. The method has advantages over existing source localization methods, such as matched field processing or the waveguide invariant. First, no knowledge of the environment is required except that the received field should not be dominated by purely waterborne propagation. Second, range can be estimated in real time with little computational effort beyond plane-wave beamforming. Third, array gain is fully exploited. The method is applied to data from the Main Acoustic Clutter Experiment of 2003 for source ranges between 1 to 8 km, where it is shown that simple, accurate, and computationally efficient source range estimates can be made.