Mergers & Acquisitions ·
EQT agrees to acquire Range Resources in all-stock deal exchanging each RRC share for 0.987 EQT shares
EQTEQT Corp
EQT Corporation has entered into a definitive merger agreement to acquire Range Resources Corporation in an all-stock transaction valued at over $50 billion in pro forma enterprise value. Under the terms, each outstanding share of Range common stock will be converted into 0.987 shares of EQT common stock, with cash paid for fractional shares. Upon closing, EQT shareholders are expected to own approximately 73% of the combined company, while Range shareholders will hold about 27%. The transaction is subject to approvals from both companies' boards and shareholders, as well as regulatory clearances including Hart-Scott-Rodino antitrust review. Expected to close in the first quarter of 2027, the merger creates America's largest vertically integrated natural gas producer with over 9 billion cubic feet per day of net production. EQT operates as a premier, vertically integrated American natural gas company focused on upstream and midstream operations in the Appalachian Basin.