{
  "id": 16589111,
  "title": "EQT, Range Resources tie up in $50 billion-plus deal to create US gas giant",
  "url": "https://urgent.news/2026/10/26/eqt-range-resources-tie-up-in-50-billion-plus-deal-to-create-us-gas",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-26T10:48:21.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/eqt-range-resources-tie-up-in-50-billionplus-deal-to-create-us-gas-giant-4972044"
  },
  "original_language": "en",
  "account": "EQT Corporation announced on Monday its acquisition of Range Resources in a deal valued at over $50 billion, including debt. The companies claimed the merger would create the largest vertically integrated natural gas producer in the United States. Shareholders of Range Resources would receive 0.987 EQT Corp shares for each share held, totaling approximately $12.83 billion based on 233.68 million shares outstanding. The offer price of $54.91 per share is around 20.6% higher than Range Resources' last closing price on Friday. EQT's shares dropped 4.6% in premarket trading, while Range Resources' shares surged 10.1%. The combined entity will generate over 9 billion cubic feet of natural gas equivalent daily and manage nearly 3 million net acres in the Appalachian Basin. It will also possess more than 30 years of drilling inventory and approximately 3,700 miles of midstream infrastructure. Following the merger, EQT shareholders will hold about 73% of the company, while Range investors will own the remaining 27%. The transaction is expected to complete in the first quarter of 2027, contingent on regulatory and shareholder approvals. Upon completion, two representatives from Range Resources, including CEO Dennis Degner, will join EQT's board of directors. EQT's management team will lead the combined company, with its headquarters staying in Canonsburg, Pennsylvania. EQT stated that the merger would enhance its free cash flow breakeven to below $2 per million British thermal units and generate around $325 million in annual savings within two years through corporate, operational, and marketing efficiencies.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}