Range Resources joins EQT in stock swap

At a share exchange ratio of 0.987, Range Resources Corporation (RRC) reached a merger agreement with energy producer EQT Corporation. Under the agreement dated October 25, 2026, Range Resources shareholders will receive 0.987 EQT shares for each share they hold. The company will pay cash for fractional shares. Upon completion of the merger, 27% of the new company will be owned by Range Resources shareholders and 73% by EQT shareholders.

What are the share exchange terms of the merger?

The 2-step merger plan was unanimously approved by the boards of directors of both Range and EQT. In the first step of the process, EQT subsidiary Rhino Merger Sub Inc. will merge with the Range Resources legal entity. In the second leg of the integrated transaction, the company will join Rhino Merger Sub LLC under EQT. On the corporate governance side, EQT will increase the number of board members to 12. Dennis L. Degner from Range management and 1 other name to be selected by the company will take seats on the board.

How will the board structure change?

The merger decision met with a swift market reaction. Range Resources shares rose 3.78% during the session to $45.52. Intraday trading volume in the stock reached 3,114,173 shares. The stock, which traded between $33.43 and $47.65 over a 1-year period, settled at the 85% level of its 52-week price range on strong buying.

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