EQT agrees to merge with Range Resources in an all-stock deal

what happened

EQT and Range Resources signed a merger agreement on October 25, 2026, Dow Jones Newswires reports, citing EQT's filing with the SEC. Range will be folded into EQT through a two-step transaction, with each Range share exchanged for 0.987 EQT shares, and cash paid in place of fractions. After closing, EQT shareholders will hold about 73% of the combined company and Range stockholders about 27%.

EQT's board will grow to 12 members. Range's chief executive, Dennis L. Degner, will join it, along with one more person chosen by Range. Completion depends on approval from shareholders of both companies, listing of the new shares on the NYSE, antitrust clearance under the HSR Act and the absence of court orders blocking the deal. The end date is October 25, 2027, extendable to April 25, 2028.

A separate Regulation FD filing references a joint news release issued on October 26 and attached as Exhibit 99.1.

why it matters

The deal consolidates two natural gas producers. Because it is paid in stock, the value for shareholders will depend on the exchange ratio and the share prices of both companies. Investors will watch the shareholder votes and the antitrust review.

market impact

EQT, Range Resources, gas sector: consolidation and share exchange set the terms of the deal

tags

instruments