EQT has agreed to acquire Range Resources in an all-stock transaction, the Pittsburgh Post-Gazette reported on Monday, Oct. 26, 2026. The deal combines two natural gas producers operating in the Appalachian region. Reuters and Bloomberg both reported the transaction's value at $13 billion, and both described the combined company as the largest US gas producer.
The Pittsburgh Post-Gazette characterized the agreement as a blockbuster for the Appalachian basin. Investor's Business Daily reported that the merger brings together two of the country's top natural gas producers. The Financial Times also covered the announcement, calling it a natural gas megadeal.
Coverage of the transaction came from multiple outlets on the same day, with Reuters and Bloomberg independently putting the price at $13 billion. The reports did not include details on how the all-stock structure would be carried out or when the transaction might close.
The combined company's position as the largest US gas producer, as described by Reuters and Bloomberg, would mark a significant consolidation in the domestic natural gas sector. Both firms are active in the Appalachian region, according to the Post-Gazette's description of the deal.
What to watch next: regulatory review of the all-stock combination and any further terms the companies disclose.