EQT Agrees to Acquire Range Resources in $50 Billion All-Stock Deal
EQT Corporation and Range Resources announced a definitive agreement for EQT to acquire Range Resources in an all-stock transaction with pro forma enterprise value above $50 billion. Range shareholders would receive 0.987 EQT shares per share and are expected to own about 27% of the combined company, while EQT projects $325 million in annual baseline synergies. Closing is expected in the first quarter of 2027, subject to regulatory and shareholder approvals.
This is a valid forward-looking merger-acquisition development rather than market-price commentary. The supplied context explicitly identifies the counterparties as EQT Corporation and Range Resources and describes a definitive all-stock acquisition agreement with pro forma enterprise value above $50 billion, projected synergies, ownership terms, and a Q1 2027 closing target subject to approvals. The primary source explicitly provides October 26, 2026, but not the exact real-world announcement time; 10:07:06Z is therefore retained as an estimate based on the source timestamp with reduced timestamp confidence. Importance is high because of the transaction's scale and potential effects on EQT and Range shareholders, while surprise is material but not maximal because the supplied context contains limited prior deal-related discussion. Only EQT and RRC are approved as direct stakeholders; the other companies listed have indirect or speculative competitive, infrastructure, or market exposure that is not sufficiently specific for conservative approval.
The all-stock combination carries more than $50 billion in pro forma enterprise value and targets $325 million in baseline synergies plus more than $300 million in strategic upside. Closing is expected in Q1 2027, subject to shareholder and regulatory approvals.
A proposed all-stock EQT merger is expected to close in Q1 2027, subject to approvals.
The company also announced a strategic acquisition of Range Resources.