Story perspectives

EQT Agrees to Acquire Range Resources in $12.83B Deal

By Drooid · Oct 26, 2026, 2:49 PM UTC · How we work

Summary

Story summary

EQT Corp. agreed to acquire Range Resources in an all-stock transaction.
The deal values Range at $12.83 billion equity, giving an enterprise value above $50 billion.
Range shareholders receive 0.987 EQT shares per share, a 20.6% premium to the prior close.
The transaction is expected to close in Q1 2027, pending shareholder and regulatory approvals.
The combined company will produce over 9 bcfepd of gas and hold 3 million net acres.

History

Historical Context

After Exxon and Mobil signed a $73.7 billion merger agreement in 1998, the deal closed on November 30 1999, creating ExxonMobil, the world’s largest publicly traded oil firm. The 1999 consolidation set a precedent for U.S. energy mergers, and in 2024 EQT Corp. pursued a large acquisition of Range Resources, echoing that historic drive toward market concentration.

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Story summary

EQT Corp. agreed to acquire Range Resources in an all-stock transaction.
The deal values Range at $12.83 billion equity, giving an enterprise value above $50 billion.
Range shareholders receive 0.987 EQT shares per share, a 20.6% premium to the prior close.
The transaction is expected to close in Q1 2027, pending shareholder and regulatory approvals.
The combined company will produce over 9 bcfepd of gas and hold 3 million net acres.

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