EQT and Range Resources Announce $50 Billion Natural Gas Merger

Key Facts

EQT and Range Resources announced a merger deal that will create a leading natural gas company with a pro forma enterprise value over $50 billion. Rigzone reported that the agreement aims to establish a dominant U.S. natural gas entity capable of meeting the energy demands of AI data centers.

The merger is designed to create a large-scale energy champion with the necessary capacity to power growing AI infrastructure. This strategic move focuses on long-term growth and operational scale within the energy sector to address evolving technological power requirements.