Despite the strategic benefits, EQT shares fell 4.2% to $53.27 in premarket trading, while Range shares rose 14.2% to $52.00. The transaction is expected to close in Q1 2027, pending shareholder and regulatory approvals. The merger reflects a broader trend of consolidation in the energy sector, with gas reserves at 30 of the largest U.S. producers increasing by 14% even as M&A spending declined by 70%, as noted by an EY study. This deal underscores the growing importance of natural gas in the U.S. energy landscape, particularly as demand for LNG and power generation continues to rise.
October 26, 2026
EQT to Acquire Range Resources in $50 Billion Deal
EQT Corp. plans to acquire Range Resources in a $50 billion all-stock merger, creating the largest U.S. natural gas producer.
Impact
The merger signals a significant shift in the U.S. natural gas industry, with potential long-term benefits for both companies and the broader energy market.