EQT to buy Range Resources in $13 billion deal to create top US gas producer
EQT has agreed to acquire Range Resources in an all-stock deal valued at $13 billion, creating the largest US natural gas producer. The combined company will have an enterprise value of over $50 billion. The deal is expected to close pending regulatory and shareholder approvals.
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- ✓ EQT will buy Range Resources in a $13 billion all-stock deal.
- ✓ The combined company will have an enterprise value of over $50 billion.
- ✓ The deal creates the largest US natural gas producer.
What changed
EQT and Range Resources confirmed the $13 billion all-stock deal, with sources including Reuters and Pittsburgh Post-Gazette.
Live updates
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EQT to buy Range Resources in $13 billion deal
EQT has agreed to acquire Range Resources in an all-stock deal valued at $13 billion, creating the largest US natural gas producer. The combined company will have an enterprise value of over $50 billion. The deal is expected to close pending regulatory and shareholder approvals.
Why it matters
This acquisition combines two major Appalachian Basin producers, giving EQT greater scale and infrastructure to serve utilities, LNG exporters, and industrial customers. The deal is driven by rising demand from LNG exports and power generation.
What is confirmed
- EQT will buy Range Resources in a $13 billion all-stock deal.
- The combined company will have an enterprise value of over $50 billion.
- The deal creates the largest US natural gas producer.
What to watch next
- Regulatory approvals for the deal
- Shareholder approval for the acquisition
- Closing date of the deal
confidence 90%Sources used for this update (13)
- finance.yahoo.com — Yahoo Finance - Stock Market Live, Quotes, Business & Finance News
- Pittsburgh Post-Gazette — EQT to buy Range Resources in all-stock Appalachian blockbuster deal
- Reuters — EQT to buy Range Resources in $13 billion deal to create top US gas producer
- Investor's Business Daily — Two Top U.S. Natural Gas Producers To Combine In $13 Billion Deal
- Financial Times — EQT to buy Range Resources in natural gas megadeal
- www.cnbc.com — Jim Cramer's top 10 things to watch in the stock market Monday
- WV MetroNews — EQT acquires Range Resources to form the nation’s largest natural gas producer
- Barron's — Range Resources Stock Jumps on $50 Billion Merger. Natural Gas Is Fuel for AI.
- WTAE — EQT to buy Range Resources in $50 billion deal
- Reuters — Breakingviews - COMMENTARY: AI powers up $13 bln natural gas deal
- www.marketscreener.com — EQT to Acquire Range Resources in All-Stock Deal to Create Largest US Natural Gas Producer | MarketScreener
- digg.com — EQT agrees to buy Range Resources in roughly $12.8 billion all-stock deal · Digg
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