EQT projects about $20 billion in combined free cash flow after Range deal
EQT•EQT projects about $20 billion in cumulative free cash flow over five years at recent strip pricing from its planned all-stock acquisition of Range Resources, creating a company with enterprise value above $50 billion. Closing is expected in the first quarter of 2027.
1. Deal projections
EQT projects about $20 billion in cumulative free cash flow over five years at recent strip pricing from its planned acquisition of Range Resources. The all-stock transaction would create a combined company with enterprise value exceeding $50 billion; annual synergies are expected to reach $325 million within two years, with potential to exceed $600 million longer term.
2. Breakeven and timing
The combination is expected to lower the unlevered free cash flow breakeven below $2 per MMBtu. Closing is expected in the first quarter of 2027, and the combined company is projected to have BBB-quality credit metrics.
