PomegraRange Resources Stock Jumps 16% After EQT Takeover Deal
Why is Range Resources stock up today?
Range Resources (RRC) stock rose about 16% on Monday to roughly $52.43 after EQT agreed to buy the company in an all-stock takeover, a 20.6% premium to Friday's close.
Key numbers
| Deal value incl. debt | >$50Bcombined company |
|---|---|
| Range shares (RRC) | $52.43+16% |
| Offer per Range share | $54.91+20.6% premium |
| Exchange ratio | 0.987EQT shares per Range share |
| Combined gas output | >9 bcfe/dvs Expand 7.2 in 2025 |
| Annual savings (synergies) | $325Mwithin two years |
What happened
Range Resources (RRC) stock rose about 16% on Monday to roughly $52.43 after EQT agreed to buy the company in an all-stock takeover, a 20.6% premium to Friday's close. Each Range share becomes 0.987 EQT shares, valuing Range at about $12.8 billion. Counting debt, the combined company is worth over $50 billion and would produce more than 9 billion cubic feet of gas a day, versus 7.2 billion for rival Expand Energy in 2025. EQT shares fell roughly 3% to 4%, a common reaction when a buyer issues lots of new stock. The deal is expected to close in early 2027.
Why it matters
Range Resources (RRC) is being bought by a rival aiming to be the top US gas producer, a sign that gas companies expect demand to keep rising. Natural gas heats homes and makes electricity, and the US government's energy forecaster expects record gas exports in 2026 plus rising power needs from data centers (per). EQT says the combined company could break even at gas prices below $2 per million heat units. The deal still needs approval from regulators and shareholders.
Who this affects
- MarketmixedMedium impact
- Range holders gain; EQT holders face dilution.
- CompanymixedMedium impact
- EQT gains scale and savings but issues new shares.
- CompetitorsneutralMedium impact
- Expand Energy now faces a much larger gas rival.
- IndustryneutralMedium impact
- Appalachian gas drilling consolidates under one larger, vertically integrated producer.
EQT vs Range Resources, Expand Energy
How we got here
Range closes the week; offer is a 20.6% premium to this price.
EQT and Range announce all-stock merger agreement; both boards approve.
Range shares jump about 16%; EQT shares fall roughly 3% to 4%.
What to watch
- Regulatory approvals and shareholder votes at both companies.Q1 2027
- Deal closing, with two Range directors joining EQT's board.Q1 2027
- Delivery of $325 million in yearly savings within two years of closing.Q1 2029
Educational content only. Not investment advice.
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