Some links on this page are affiliate links: if you buy through them we may earn a commission, at no extra cost to you.
EQT plans to acquire Range Resources in a pending all-stock merger, exchanging 0.987 EQT shares for each Range share. The companies expect current EQT shareholders to own about 73% of the combined company and Range shareholders about 27%, with closing targeted for the first quarter of 2027. Both companies’ shareholder approvals, regulatory clearances and other customary conditions are still required, so the deal has not closed and the schedule is not guaranteed.
What are the terms of the EQT-Range merger?
EQT Corporation and Range Resources Corporation announced the definitive merger agreement on October 26, 2026; they entered into the agreement the previous day. Under its terms, each outstanding Range common share is to be exchanged for 0.987 shares of EQT common stock. The companies said existing EQT shareholders would own approximately 73% of the combined company, with Range shareholders owning approximately 27%. EQT and Range’s announcement and the related SEC-filed materials describe the transaction structure and terms.
As an Amazon Associate I earn from qualifying purchases.
Quick wins for a faster PC:
Scan for outdated or missing drivers - takes under a minuteDriver Scan →Repair Windows errors before they cause bigger problemsFix Now →The exchange ratio is a number of shares, not a fixed dollar payment. The market value of the EQT shares Range investors would receive will change with EQT’s stock price before closing. The announced ownership split is an estimate of the combined company’s ownership, not a guaranteed investment return.
The companies described the combined business as having more than $50 billion in pro forma enterprise value. That figure is not cash proceeds payable to Range shareholders: the announced consideration is EQT stock. Enterprise value is a company-level measure, and should not be confused with the value of an individual shareholder’s consideration.
Popular on Amazon
- 【90 Degree Full Function USB C Adapter】Supports the latest USB4 standard for up to 40Gbps of bandwidth, 8K video support, and up to 240W Fast charging; Support USB PD 3.1 Extended Power Range (EPR) including 140W, 180W and 240W. Your productivity is easily doubled. *Warm Tip: For the best fit, please make sure the USB-C port is fully exposed; thick or bulky cases may affect compatibility.
- 【Reliable Quality】Made from high-quality, scratch-resistant aluminum alloy, delicate metal frame. get excellent wear resistance and heat dissipation. Non-Slip Design for easier insertion and removal.
- 【Small and portable】Ultra thin size, ultra compact design, a petite physique that matches the minimalist design of your modern laptops. Coming with a slim figure that won't block the port next to the one it's plugged into.
- 【Compatibility】Widely work with most usb c, thunderbolt 4/3 devices. Compatibilit for ROG Ally, Steam Deck, Switch, MacBook Pro, Quest 3 VR headset, Surface Book 2, iPhone 18/17/16/15, Samsung Galaxy S23/S22/S21, Note 20/10, Google Pixel, ChromeBook, etc.
- 【Excellence Customer Support】If you experience any issues or cable failure, simply reach out to our dedicated customer service team. We provide a prompt response within 18 hours, providing you with the necessary technical support to resolve any concerns.
When is the transaction expected to close?
EQT and Range are targeting completion in the first quarter of 2027, but that is an expected window rather than a firm closing date. The deal remains subject to shareholder votes at both companies, regulatory approvals and clearances, and other customary closing conditions.
The transaction documents describe a two-step merger structure. A merger subsidiary would first merge into Range, followed by a second merger, leaving Range as an indirect wholly owned subsidiary of EQT. That structure does not change the key practical point for investors: completion depends on the required approvals and satisfaction of the agreement’s conditions.
Also popular on Amazon
- 5-in-1 Connectivity: Equipped with a 4K HDMI port, a 5 Gbps USB-C data port, two 5 Gbps USB-A ports, and a USB C 100W PD-IN port. Note: The USB C 100W PD-IN port supports only charging and does not support data transfer devices such as headphones or speakers.
- Powerful Pass-Through Charging: Supports up to 85W pass-through charging so you can power up your laptop while you use the hub. Note: Pass-through charging requires a charger (not included). Note: To achieve full power for iPad, we recommend using a 45W wall charger.
- Transfer Files in Seconds: Move files to and from your laptop at speeds of up to 5 Gbps via the USB-C and USB-A data ports. Note: The USB C 5Gbps Data port does not support video output.
- HD Display: Connect to the HDMI port to stream or mirror content to an external monitor in resolutions of up to 4K@30Hz. Note: The USB-C ports do not support video output.
- What You Get: Anker 332 USB-C Hub (5-in-1), welcome guide, our worry-free 18-month warranty, and friendly customer service.
The announcement does not establish how either shareholder vote or regulatory review will turn out, or whether closing will occur on the targeted schedule. Until the transaction closes, Range remains a separate public company and the announced terms remain subject to the agreement and its conditions.
What will the combined company look like?
The companies said EQT’s executive team would lead the combined company and its headquarters would remain in Canonsburg, Pennsylvania. They also said two Range representatives, including Range CEO Dennis L. Degner, would join EQT’s board after closing. These arrangements are planned for the post-close company, not changes that have already taken effect.
Also popular on Amazon
- Sleek 7-in-1 USB-C Hub: Features an HDMI port, two USB-A 3.0 ports, and a USB-C data port, each providing 5Gbps transfer speeds. It also includes a USB-C PD input port for charging up to 100W and dual SD and TF card slots, all in a compact design.
- Flawless 4K@60Hz Video with HDMI: Delivers exceptional clarity and smoothness with its 4K@60Hz HDMI port, making it ideal for high-definition presentations and entertainment. (Note: Only the HDMI port supports video projection; the USB-C port is for data transfer only.)
- Double Up on Efficiency: The two USB-A 3.0 ports and a USB-C port support a fast 5Gbps data rate, significantly boosting your transfer speeds and improving productivity.
- Fast and Reliable 85W Charging: Offers high-capacity, speedy charging for laptops up to 85W, so you spend less time tethered to an outlet and more time being productive.
- What You Get: Anker USB-C Hub (7-in-1), welcome guide, 18-month warranty, and our friendly customer service.
Range reported nearly 3 million net acres, access to more than 3,700 miles of midstream infrastructure, and more than three decades of drilling inventory. These are company-reported operating-scale figures. They help explain the assets Range says it would contribute, but do not by themselves establish how much value the merger will create or how the combined company will perform.
Why do EQT and Range say they are combining?
The companies’ stated rationale is to combine natural-gas assets, drilling inventory, production scale, marketing capabilities and a low-cost structure, positioning the business to address expected growth in natural-gas demand. They describe the proposed result as a vertically integrated producer with long-term supply opportunities.
Recommended Free Tools
Also popular on Amazon
- Portable and powerful USB-C HUB: BENFEI USB Type-C HUB, with super-soft and knot-free silicone woven design cable, meets most mobile office needs. Compact, lightweight, stylish, and powerful portable USB C Hub equipped with 1 x HDMI port, 1 x 100W charging, and 3 x USB ports. 18-month warranty, 24-hour response, to ensure you feel at ease when using our product.
- Design centered on comfort and reliability: Thanks to BENFEI's end-to-end in-house cable production capability, in-house PCBA and assembly capability, using the industry's most advanced silicone woven design and process, 20cm cable in length, no knots, super-soft, the HUB is easy to use in all scenarios: laptop, tablet, stand etc. Super-soft, 25000+ life cycles, to meet your daily carrying and office needs.
- 100W Charging: Support up to 90W USB C pass-through charging via Type-C port to keep your laptop powered. 10W is reserved for other interface operations. No data and video function on the Type-C port.
- 4K HDMI Display: The HDMI port supports media display at resolutions up to 4K 30Hz, keeping every incredible moment detailed and ultra vivid. Please note that the C port of the Host device needs to support video output.
- Transfer Files in Seconds: Transfer files and from your laptop at speeds up to 10 Gbps with USB A 3.2 port. Extra 2 USB A 2.0 ports are perfectly for your keyboards and mouse.
Those points are management’s strategic case, not demonstrated results of a completed merger. Realizing any projected benefits would depend on execution, integration and market conditions. Range CEO Dennis L. Degner said, “Our Board of Directors unanimously determined that this transaction will enhance Range shareholders’ ability to participate in a constructive long-term natural gas and NGL macro outlook.” That is Degner’s view of the deal and market outlook, not an independent assessment of the transaction’s merits.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What risks or uncertainties should shareholders consider?
The companies’ disclosed risks include litigation, delays or failure to obtain approvals, integration challenges, inability to achieve expected synergies, commodity-price volatility and regulatory changes. These are risks identified in the transaction materials, not predictions that any particular problem will occur.
Also popular on Amazon
- 【Read before You Buy】 Note: This adapter is USB 2.0 version and cannot transmit HDM, VGA, or other video signals. Nevertheless, they are fully capable of charging devices,duplicating files, and can be seamlessly integrated with USB-C earphones, wireless network adapters, and SD card adapters.
- 【Easy to Use and Safe】Thanks to modern manufacturing techniques, we've made these adapters sufficiently compact so that they can remain inserted in your device without noticeable protrusion or inconvenience. This means you don't have to constantly plug and unplug them, reducing the likelihood of wear and misalignment, and making them more convenient to carry around.
- 【Reliable Quality】Engineered for enhanced durability, durable aluminum alloy shell material,get excellent wear resistance and heat dissipation,the male USB C and female USB connectors & the male USB and female USB C connectors are designed to be plugged and unplugged up to 20000 times. Provides data transfer, device charging, memory space expansion, and additional computer peripherals.
- 【Think more for you】Do you need to connect a USB-C-enabled device to an odd device that only has USB-A ports? Then these USB-A male to USB-C female adapters are made for you.Simply insert the adapter into the USB-A port on the device, and you can instantly connect your USB-C device to the device that originally didn't have the correct connection port.
- 【Trusted xiwxi Quality and Service】As a responsible brand seller, you will receive xiwxi's 12-month Quality assurance and lifetime friendly customer service, you're not just buying a product,you're investing in peace of mind with all-round quality and exceptional customer service.
For Range shareholders, the key distinction is between the fixed share ratio and the changing market value of the shares to be delivered. A decline or rise in EQT’s share price can change the dollar value represented by 0.987 shares before closing. Shareholders weighing the transaction should also consider the approval process and execution risks alongside the companies’ strategic claims; the announcement alone does not determine whether the deal is favorable for any particular investor.
As of November 12, 2026, the outcome of future votes, the regulatory process, the closing schedule and any benefits ultimately realized remained unresolved.
Frequently Asked Questions
Do Range shareholders need to take action now?
The merger announcement does not itself specify an immediate action for individual investors. Shareholders should watch for formal proxy materials and company communications describing the vote, deadlines and any required steps.
Will Range Resources continue as a separate company after the deal closes?
Under the announced structure, Range would become an indirect wholly owned subsidiary of EQT after the two mergers. The companies have not described Range as remaining an independent public company after completion.
Is the 73%–27% ownership split the same as each company’s current market value?
No. It is the companies’ stated expected ownership allocation for the combined company. It should not be read as a direct comparison of current stock-market values or as a promise about future returns.
