EQT's all-stock deal for Range Resources: the $50 billion headline vs. what is actually paid
EQT agreed to buy Range Resources with its own shares, not cash. The $50 billion figure describes the combined company, not the price tag.
On Oct 26, 2026, EQT and Range Resources announced that EQT will acquire Range in an all-stock deal. The companies' joint release says the combined business would have a pro forma enterprise value of more than $50 billion, and that is the number most headlines used. It describes the new company well. It is not what EQT is paying for Range.
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