EQT Acquires Range Resources for $12.8 Billion

Pennsylvania's EQT announced Monday a $12.8 billion all-stock acquisition of rival Range Resources, making it the nation's top natural gas producer. The deal, slated to close in the first quarter of 2027, aims to capture surging demand from power generation and data centers driven by AI. Analysts praise the move as EQT becomes the dominant Appalachia producer.