EQT Corp. to Acquire Range Resources for $14.05 Billion

EQT Corporation (EQT) entered into a merger agreement on October 26, 2026, to acquire Range Resources Corporation (RRC) for $14.05 billion.

Deal Structure:

Each outstanding share of Range common stock will be exchanged for 0.987 shares of EQT common stock, representing a value of $54.91 per Range share, at a premium of 20.63% over the stock’s last close.

Company Profile:

Range Resources is an independent U.S. energy company that explores for, develops, and produces natural gas, natural gas liquids (NGLs), and oil, primarily in Pennsylvania’s Appalachian Basin. The company is headquartered in Fort Worth, Texas, and sells its production to utilities, industrial customers, petrochemical companies, and energy traders.

EQT Corporation is a U.S. energy company that explores for, produces, and markets natural gas and natural gas liquids (NGLs), primarily from the Marcellus and Utica shale formations in the Appalachian Basin. The company also operates midstream infrastructure, including pipelines, to transport natural gas to market.

Deal Details and Timeline:

The combined company will produce more than 9 billion cubic feet of natural gas equivalent per day, have over 30 years of drilling opportunities across nearly 3 million acres of land, and own more than 3,700 miles of essential pipelines and related infrastructure.

The deal is expected to close during the first quarter of 2027.

Two representatives from Range, including CEO Dennis Degner, will join EQT’s Board. EQT’s executive management team will lead the combined company, with its headquarters remaining in Canonsburg, Pennsylvania.

Citi and RBC Capital Markets advised EQT on the deal, while Kirkland & Ellis provided legal advice. Range received financial advice from Evercore and J.P. Morgan Securities, while Gibson, Dunn & Crutcher handled its legal matters.

EQT is paying 7.17 times EBITDA for Range.

Deal Metrics:

For those interested in a more in-depth analysis of this merger and acquisition transaction, you may visit the Deal Metrics page at the link provided below:

Deal Metrics for the acquisition of Range Resources Corporation (RRC) by EQT Corporation (EQT)

The Deal Metrics page for each merger or acquisition includes:

• A spread history chart of the merger from announcement through eventual completion or failure.
• Every event as the merger progresses through the expiration of the HSR period, various regulatory approvals, shareholder votes, etc.
• News and SEC filings.
• A history of deal updates.
• And a whole lot more.

Disclaimer: This article is for informational purposes only. Please conduct your own research and due diligence before engaging in any buying or selling of the securities mentioned. The completeness or accuracy of the content or data in this article is not guaranteed.

Editor’s Note: Baranjot Kaur contributed to this article