EQT to acquire Range Resources in $13 billion all‑stock deal, creating largest U.S. gas producer
EQT Corporation announced an all‑stock acquisition of Range Resources valued at $13 billion, which will form the nation’s biggest natural‑gas producer. The companies expect the transaction to close in the first quarter of 2027. The U.S. Energy Information Administration projects natural‑gas output to reach 112.2 bcfd in 2026 and 116.13 bcfd in 2027, driven by rising LNG exports and data‑center demand.
Why it matters
The merger gives EQT scale and inventory to meet growing demand, potentially enhancing cash flow and shareholder value. Investors should note the higher production guidance and reduced capital spending, which could improve earnings outlook for both firms.
Key facts
- 1EQT will buy Range Resources in an all‑stock transaction valued at $13 billion. investing.com
- 2The combined company is expected to close the transaction during the first quarter of 2027. investing.com
- 3U.S. natural‑gas production is forecast to reach 112.2 bcfd in 2026. finance.yahoo.com
- 4U.S. natural‑gas production is forecast to reach 116.13 bcfd in 2027. finance.yahoo.com
- 5The EIA projects the average Henry Hub spot price to be $3.16 per MMBtu in 2027. finance.yahoo.com
- 6EQT raised its 2026 production guidance by about 90 Bcfe and cut full‑year capital spending guidance by $25 million. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.