Mergers & Acquisitions ·
EQT agrees to acquire Range Resources in all-stock deal at 0.987 EQT shares per RRC share
RRCRange Resources 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 exchanged for 0.987 shares of EQT common stock. Following closing, existing 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, with an expected close in the first quarter of 2027. Range Resources Corporation is a leading U.S. independent natural gas and NGL producer focused on the Appalachian Basin.