Range Resources Jumps 17% on EQT Buyout Deal

Why Range Resources Stock Jumped Today

Natural gas producer Range Resources Corporation (NYSE: RRC) rose 17% to $53.08 by early afternoon after EQT agreed to acquire it. EQT, another natural gas producer, would pay in shares rather than cash. The value Range holders receive can therefore change with EQT’s stock before closing.

Range Resources EQT Share Exchange

EQT would issue 0.987 EQT shares for each Range share. That exchange ratio is the number of buyer shares offered for each target share. After closing, EQT shareholders are expected to own about 73% of the combined company, while Range holders would own about 27%.

Combined EQT Range Company Value

The companies say the combined enterprise value would exceed $50 billion, a measure that includes debt as well as stock value. They expect the deal to create the largest natural gas producer in the US. Range holders would have a minority stake in a larger business.

Range Resources Deal Closing Date

The deal needs regulatory approval, or permission from government authorities, plus shareholder approval at both companies. The companies expect it to close in the first quarter of 2027, so those approvals must come before the share exchange can happen.

Quick Financial Overview

Range is a profitable large-cap company, meaning one of the larger publicly traded businesses. Its market capitalization, or the market value of its shares, is $12.40B. The latest reported quarter showed $247,000.00 in cash and cash equivalents, meaning cash the company can spend, as of June 30, 2026.

Range Resources Revenue and Earnings

Revenue was $759.6M, while the company posted net income of $195.3M. Revenue measures sales before costs; net income shows what remained after expenses. These figures provide a snapshot of the earnings base Range shareholders would bring to the combined company.

Range Resources Stock Nears Its Yearly High

Range has climbed from the $40 level over the past month to near its 52-week high. Today brought the biggest daily move in the last year, sharply extending that rise. The stock has not reached an all-time high, leaving another chart test ahead.

Range Resources Volume Reaches about 15 million shares

Trading reached about 15 million shares before the session ended. That activity shows the announcement drew heavy trading while investors weighed the proposed share exchange.

Conclusion

Regulatory and shareholder decisions are the remaining hurdles before the expected closing early next year. Approval would move Range holders into the combined company; a rejected deal would leave Range as a standalone producer.