EQT becomes the nation’s leading natural gas ‘juggernaut’ with a $13B deal as data center, export demand surges

EQT, a Pennsylvania-based natural gas producer, is set to become the nation's leading natural gas producer after acquiring rival Range Resources for a staggering $12.8 billion. The $13 billion all-stock deal comes as data centers and exports surge in demand for natural gas, both domestically and internationally. EQT CEO Toby Rice emphasized that the transaction aligns with the company's vision for the future, particularly with the anticipated growth in natural gas demand and pipeline infrastructure.

The combined enterprise value of EQT and Range Resources would reach approximately $50 billion. The deal is expected to be finalized in the first quarter of 2027 and will strengthen EQT's standing as a dominant player in the Appalachian Basin, with over 9 billion cubic feet of natural gas production per day.