EQT to Acquire Range Resources in $13 Billion All-Stock Merger
EQT (EQT) has entered into an agreement to acquire Range Resources (RRC) in an all-stock transaction valued at approximately $13 billion. The merger aims to create the largest natural gas producer in the United States, with a combined enterprise value exceeding $50 billion and a net production capacity of over 9 Bcfe/d. Upon completion, Range Resources shareholders will hold roughly 27% of the new entity. The deal is expected to close in the first quarter of 2027, pending shareholder and regulatory approvals. The combined company will benefit from significant synergies, including an estimated $325 million in annual corporate and operational cost savings, plus over $300 million in post-production optimizations. Strategically, the merger consolidates leading assets in the Marcellus and Utica Shales, providing a low breakeven price of under $2 per MMBTu.
Topics: Appalachian Shale Corporate Consolidation Mergers and Acquisitions Natural Gas
Read the full article at Motley Fool
Part of the story EQT to Acquire Range Resources in All-Stock Merger Valued at Over $50 Billion (5 articles)