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EQT Acquires Range Resources in $50B All-Stock Deal
27 Oct
Summary
- EQT to acquire Range Resources in an all-stock deal.
- The combined company is valued at over $50 billion.
- The transaction is expected to close in the first quarter of 2027.
EQT has announced a definitive agreement to acquire Range Resources in an all-stock transaction, creating a formidable natural gas entity valued at over $50 billion. This strategic union is poised to yield substantial scale advantages, including daily production exceeding 9 billion cubic feet equivalent and a vast landholding of 3 million net acres.
Expected annual cost savings of $325 million are projected to enhance profitability across market cycles. The merged company anticipates generating approximately $20 billion in free cash flow over the next five years. Range shareholders will receive 0.987 shares of EQT stock for each Range share they hold.
The transaction is slated for completion in the first quarter of 2027, subject to necessary approvals. EQT's leadership will guide the combined company, with Range's CEO joining the board.
