EQT's $12.8B All-Stock Takeover of Range Resources Creates Largest U.S. Gas Producer
RRC sits 57% above its 52-week low of $32.68.
Summary
EQT is acquiring Range Resources in an all-stock deal that values Range equity at about $12.8B, with holders receiving 0.987 EQT shares per RRC share — roughly $54.91 implied, a premium to the current $51.35 price. The combined company would produce more than 9 Bcfe/d, making it the largest U.S. natural gas producer, with management targeting material synergies. This is the media read on the 8-K filed this morning; the 425 filing that followed restates the same terms. The implied exchange ratio is the number that matters for arbitrage — Range shares should trade toward the implied value as the spread narrows. Closing is expected in Q1 2027, pending shareholder and regulatory approval.
At the time of this announcement, RRC was trading at $51.35 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $10.6B. The 52-week trading range was $32.68 to $48.31. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.