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EQT agrees to buy Range Resources in deal valued above $50 billion

EQT Corp will acquire Range Resources in an all-stock transaction, creating the largest vertically integrated US natural gas producer. Closing is expected in Q1 2027.

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what happened

EQT Corp said on Monday it will acquire Range Resources in an all-stock transaction valued at more than $50 billion. The companies describe the combined business as the largest vertically integrated natural gas producer in the United States.

Range shareholders will receive 0.987 EQT shares for each Range share they hold. EQT holders will own about 73% of the merged company, and Range investors about 27%. Closing is expected in the first quarter of 2027, pending regulatory and shareholder approvals.

According to Dow Jones Newswires, the offer implies a premium of roughly 21% to Friday's close. Range shares rose about 10% in premarket trading, while EQT shares fell 4.6%.

why it matters

For the gas market, the deal concentrates production under one roof and strengthens integration with pipelines and sales. Investors should note that with a share-for-share exchange, the final value depends on EQT's share price up to closing.

market impact

US natural gas: consolidation of large producers reshapes supply; EQT and Range shares react directly to deal terms

tags

MergerAcquisitionStockUnited States

instruments

EQTRange ResourcesNatural gasHenry Hub

sources

  1. EQT to buy Range Resources in over $50 billion deal — Reuters, 26 October 2026 at 10:08 UTC
  2. EQT to Buy Range Resources in $13 Billion Stock Swap — Dow Jones Newswires, 26 October 2026 at 10:36 UTC
  3. EQT to Buy Range Resources in $13 Billion Stock Swap — Update, 26 October 2026 at 11:06 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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