EQT and Range Resources agree to combine in all-stock merger
The proposed combination would create a natural-gas producer with more than $50 billion of pro forma enterprise value and $325 million in targeted annual synergies.
EQT and Range Resources agreed to combine in an all-stock merger that would create a natural-gas producer with more than $50 billion of pro forma enterprise value. The companies announced the agreement on October 26 after signing it on October 25.
Under the agreement, each Range share would be exchanged for 0.987 EQT shares, with cash paid for fractional shares. The combined ownership would be approximately 73% for existing EQT shareholders and 27% for Range shareholders.
The companies project $325 million of base annual synergies within two years. The transaction remains subject to shareholder approval, regulatory and HSR clearance, an EQT registration statement and other customary closing conditions.
The deal would consolidate two sizable U.S. natural-gas portfolios at a time when power demand and infrastructure investment are reshaping gas-market expectations. The stated synergy target is an operating objective, not a guaranteed outcome, and the all-stock structure leaves both shareholder groups exposed to EQT’s share-price performance before closing.
Exchange ratio
0.987 EQT shares
EQT ownership
~73%
Base synergies
$325M
Expected closing
Q1 2027
Sources
This story describes figures the company has published. It is for information only and is not investment advice or a recommendation to buy, sell or hold any security. Check the original filings before relying on any figure. Stoqly is not affiliated with the SEC or EQT.
