EQT to buy Range Resources in $13 billion all-stock deal
EQT agreed to acquire rival Range Resources for nearly $13 billion in an all-stock transaction, creating the largest US natural gas producer.
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what happened
EQT said on October 26 it agreed to buy natural gas producer Range Resources, a rival, for nearly $13 billion. The deal is all-stock: each Range share will be exchanged for 0.987 EQT shares. The offer represents a 21% premium to Range's closing price on October 23, the last trading day before the announcement.
After the merger, EQT shareholders will own 73% of the combined company. The group will produce 9 billion cubic feet equivalent per day and hold more than 30 years of inventory, making it the largest US natural gas company.
why it matters
Reuters columnist Robert Cyran notes that cost savings alone will not cover the premium being paid, but EQT's chief executive Toby Rice sees further upside. Data-center demand in Appalachia could support higher output and, possibly, prices, even though local producers must export most of their gas.
market impact
US natural gas: consolidation of supply and data-center demand could support regional gas prices
tags
instruments
sources
- AI powers up $13 bln natural gas deal — Reuters, 26 October 2026 at 16:31 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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