EQT Oix Siou Range Resources Yiem All-Stock Deal: Juangc Enterprise Value Nquaah $50 Billion, Jaangv Yiem Q1 2027 Guev
EQT Corporation caux Range Resources Corporation October 26 yiem Canonsburg, Pennsylvania, caux Fort Worth, Texas, fatv gorngv ninh mbuo bieqc yietc definitive merger agreement, EQT oix siou Range yiem all-stock transaction, zoux yietc juangc company maaih pro forma enterprise value nqaah $50 billion. Transaction jaangv oix guev yiem 2027 nyei daauh quarter.
Yiem agreement, gorn Range share oix jaauv 0.987 EQT shares. EQT nyei ih zanc shareholders jaangv oix maaih daaic 73% juangc company aengx Range shareholders daaic 27%. Reuters jaaix deal nyei equity value daaic $12.83 billion yiem Range nyei daaic 234 million shares outstanding, bun offer price $54.91 per share, daaic 20.6% nqaah Range nyei closing price yiem Friday. Range shares hlo daaic 10.1% yiem premarket trading Monday, dongh EQT shares dingh daaic 4.6%.
Companies gorngv juangc business oix zoux nqaah 9 billion cubic feet natural gas equivalent per day, maaih camv taux 3 million net acres caux nqaah 30 hnyangx inventory yiem Appalachian Basin, aengx maaih nqaah 3,700 miles midstream infrastructure, bun ninh yiemc America nyei hlo jiex vertically integrated natural gas producer. Merger jaangv oix bun company nyei unlevered free cash flow breakeven dingh $2 per MMBtu nyei njiec, bun $325 million base annual synergies yiem nyeic hnyangx maaih jauv taux nqaah $600 million long-term, aengx zoux daaic $20 billion cumulative free cash flow yiem aengx daaih hmz hnyangx yiem recent strip pricing.
EQT President caux CEO Toby Z. Rice gorngv transaction bun nyeic nyungc hlo jiex nyei, sau jiex nyei asset bases yiem North America juangc, aengx bun juangc company, industry nyei njiec jiex cost producer, weic natural gas nyei siang era. Range President caux CEO Dennis Degner gorngv Range nyei board yietc jauv laengz deal oix bun shareholders duqv jauv yiem constructive long-term outlook weic natural gas caux natural gas liquids.
Yiem guev nyei ziangh hoc, nyeic Range representatives, maaih Degner, oix bieqc EQT nyei board, EQT nyei executive team oix zoux hlo juangc company, aengx headquarters oix maaih yiem Canonsburg. Deal oix zuu regulatory approvals caux nyeic company shareholders nyei approval. Citi caux RBC Capital Markets tengx EQT; Evercore caux J.P. Morgan Securities tengx Range. Nyeic company dingh ninh mbuo nyei zinh ndaangc jaangv nyei third-quarter earnings calls October 28, dongh corc jaaix results market guev nyei ziangh hoc October 27. Reuters gorngv natural gas demand hlo yiem data centers bun U.S. producers nyei outlook longx jiex aengx bun ninh mbuo lorz hlo jiex output caux sau jiex drilling inventories.
Daaih Dieh: GSM · United States (English edition · Zinh Ndaangc Chinese edition)
Yaangh: 图：宾夕法尼亚州 Marcellus 页岩气田的一座天然气钻塔（资料图）。照片：Ruhrfisch，CC BY-SA 4.0，经 Wikimedia Commons。Photo: A natural gas drilling tower in Pennsylvania's Marcellus Shale (file photo). Photo: Ruhrfisch, CC BY-SA 4.0, via Wikimedia Commons.
