EQT Agrees to Acquire Fort Worth-Based Range Resources
The proposed all-stock merger would create a natural gas company with a combined enterprise value exceeding $50 billion.
EQT Corporation has signed a definitive agreement to acquire Fort Worth-based Range Resources in an all-stock transaction announced October 26.
Range shareholders would receive 0.987 EQT shares for each Range share. After closing, existing EQT shareholders are expected to own approximately 73% of the combined company, with Range shareholders holding approximately 27%.
The companies expect the transaction to close in the first quarter of 2027, subject to shareholder and regulatory approvals.
Range’s principal producing assets are concentrated in Appalachia. The announcement concerns corporate consolidation, with no separate Texas construction contract or new pipeline contractor appointment disclosed. The $50 billion figure represents the combined company’s enterprise value.
Overview:
- Transaction: EQT acquisition of Range Resources
- Acquirer: EQT Corporation
- Target: Range Resources Corporation
- Locations: Canonsburg, Pennsylvania / Fort Worth, Texas
- Sector: Natural gas
- Structure: All-stock merger
- Exchange Ratio: 0.987 EQT shares per Range share
- Combined Enterprise Value: More than $50 billion
- Status: Definitive agreement signed; transaction pending
- Expected Closing: First quarter of 2027
- Construction Awards: None announced with the transaction