EQT to buy Range Resources in $50 billion all-stock deal

Summarised from 2 outlets · Updated 26 Oct, 17:02 · Archive

EQT Corp is acquiring Texas-based Range Resources in a $50 billion all-stock deal to create the nation's largest natural gas producer.

EQT Corp announced Monday it will acquire Texas-based Range Resources in an all-stock deal valued at more than $50 billion to form the nation's largest natural gas producer. The boards of both companies have already approved the deal, which is expected to close in early 2027, pending regulatory approval.

Under the terms of the agreement, each share of Range common stock will be exchanged for 0.987 shares of EQT common stock. This means existing EQT shareholders would own 73 per cent of the merged firm's stock after the transaction, while Range shareholders would hold 27 per cent.

The headquarters for the combined companies will remain at EQT's current corporate campus in Washington County, near Canonsburg, Pennsylvania. Range Resources President and CEO Dennis Degner, along with another Range representative, will join EQT's Board of Directors. EQT CEO and President Toby Z. Rice said the combination 'creates a must-own energy company capable of generating durable, through-cycle free cash flow while compounding value for shareholders for decades to come'.

How it is being reported

• EQT to buy Range Resources in $50B deal to create nation’s largest national gas producerEQT Corp. announced Monday it will acquire Texas-based Range Resources Corp. in an all-stock deal valued at more than $50 billion to form the nation’s largest natural gas producer.TribLIVE · 26 Oct, 13:54
• EQT to buy Range Resources in all-stock Appalachian blockbuster dealPittsburgh Post-Gazette · 26 Oct, 12:12

In this story: EQT Corp · Range Resources · Dennis Degner · Toby Z. Rice · Washington County · Pennsylvania · Texas

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