EQT to acquire Range Resources in $13 billion all‑stock deal
EQT Corp. announced an all‑stock acquisition of Range Resources valued at $13 billion, creating the largest U.S. natural‑gas producer. The deal will give Range shareholders 0.987 EQT shares each, representing about 27% of the combined company, and is expected to close in the first quarter of 2027 pending regulatory and shareholder approvals. EQT targets $325 million of synergies within two years and more than $600 million over the long term, largely from letting expiring pipeline contracts lapse. Management of EQT will lead the merged entity.
Why it matters
The combined company’s scale could reshape midstream contract dynamics and boost EQT’s market position, while the projected synergies may improve earnings once realized. The transaction also adds significant gas production capacity, influencing supply outlook for investors.
Key facts
- 1The acquisition is an all‑stock deal valued at $13 billion. eastdaley.com
- 2Range Resources shareholders will receive 0.987 EQT shares each, or roughly 27% of the combined company. eastdaley.com
- 3The transaction is expected to close in the first quarter of 2027. gascompressionmagazine.com
- 4EQT targets $325 million of synergies within two years. eastdaley.com
- 5EQT aims for more than $600 million of synergies over the long term. eastdaley.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.