EQT agrees to acquire Range Resources
RRC•EQT will acquire Range Resources in an all-stock deal valuing the combined company at more than $50 billion. The deal targets $325 million in annual synergies within two years and is expected to close in the first quarter of 2027.
1. Deal terms
Each outstanding Range common share will be exchanged for 0.987 shares of EQT common stock. EQT shareholders will own approximately 73% of the combined company, while Range shareholders will own approximately 27%.
2. Synergies and timing
The companies are targeting $325 million in annual synergies within two years, with potential to exceed $600 million over the longer term. Closing is expected in the first quarter of 2027, subject to shareholder approvals and other customary conditions.
