M&A · Energy · Crude Petroleum & Natural Gas
EQT Corp to acquire Range Resources Corp
Announced Oct 26, 2026 · Announced
Deal value—
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock
Transaction
- Acquirer
- EQT Corp (EQT)
- Target
- Range Resources Corp (RRC)
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Announced
Deal protections
- Break fee (target pays)
- $423M
- Reverse fee (buyer pays)
- $1.15B
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Citigroup, RBC Capital Markets
- To the target
- Evercore, JPMorgan
Sector context · Energy
- Comparable deals
- 28 in the prior 24 months
- Premium
- Sector median 30.7%
- EV / Adj. EBITDA
- Sector median 9.4x
- Break fee
- Sector median 3.0%
Timeline
- AnnouncedOct 26, 2026
- ClosedPending