Gas: EQT gobbles up Range Resources in billion-dollar acquisition
This will create the largest integrated natural gas producer in the USA. The deal is worth more than $50 billion including debt. Completion is expected in the first quarter of 2027.
EQT Corp is acquiring Range Resources in an all-stock deal valued at over $50 billion, including debt. The acquisition will create the largest and only vertically integrated natural gas producer in the US. EQT shareholders will own about 73% of the new company, with Range Resources investors owning 27%. The combined company will produce over 250 million cubic feet of natural gas equivalent per day and have a 30-year supply of drilling reserves. The deal is expected to close in the first quarter of 2027.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
