EQT to Acquire Range Resources in All-Stock Deal Creating $50 Billion Natural Gas Leader
EQT (EQT) has announced an all-stock acquisition of Range Resources (RRC), a move intended to create a natural gas powerhouse with an enterprise value of approximately $50 billion. The merger, expected to close in the first quarter of 2027, will result in EQT shareholders owning 73% of the combined entity. Once finalized, the company will become the largest U.S. gas producer, producing over 9 billion cubic feet equivalent per day. The strategic driver behind this consolidation is the projected surge in U.S. power demand, fueled largely by energy-intensive AI data centers. EQT aims to leverage its massive resource base and vertically integrated midstream assets to secure long-term, premium supply agreements linked to power grid prices rather than standard market rates. While the deal positions EQT to capitalize on the AI boom, it also increases the company's exposure to potential volatility in AI infrastructure spending.
Topics: AI Power Demand Energy Infrastructure M&A Natural Gas
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Part of the story EQT to Acquire Range Resources in All-Stock Merger Valued at Over $50 Billion (5 articles)