EQT to buy Range Resources in $13 billion deal to create top US gas producer

EQT agreed to acquire Range Resources in an all-stock deal that the supplied article values at about $12.83 billion for Range, or more than $50 billion including debt. The companies expect the combination to create the largest vertically integrated US natural gas producer, subject to approvals.

• Range shareholders would receive 0.987 EQT shares for each Range share; the article calculates a value of $54.91 per Range share.· 1 source
• The combined company is expected to produce more than 9 billion cubic feet of natural gas equivalent daily and control nearly 3 million net acres in the Appalachian Basin.· 1 source
• The transaction is expected to close in the first quarter of 2027, pending regulatory and shareholder approvals; EQT projects $325 million in annual savings within two years.· 1 source