EQT Corporation filed a Form 425 communication on October 27, 2026, disclosing a social media post by President and CEO Toby Z. Rice relating to EQT's proposed acquisition of Range Resources Corporation under a Merger Agreement dated October 25, 2026.

Key Highlights

  • Proposed acquisition: EQT Corporation announced a proposed acquisition of Range Resources Corporation pursuant to an Agreement and Plan of Merger dated October 25, 2026.
  • Merger parties: The Merger Agreement is among EQT, EQT Holdings LLC, Rhino Merger Sub Inc., Rhino Merger Sub LLC, and Range Resources Corporation.
  • CEO communication: Toby Z. Rice, President and CEO of EQT, made a communication on his X account relating to the proposed transaction.
  • Filing basis: The Form 425 was filed by EQT Corporation pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 of the Securities Exchange Act of 1934.
  • Regulatory filings pending: EQT disclosed it intends to file a registration statement on Form S-4 with the SEC, which will include a joint proxy statement/prospectus for both EQT and Range shareholders.
  • Shareholder votes required: According to the filing, EQT shareholders must approve the issuance of EQT common stock in connection with the transaction, and Range stockholders must adopt the Merger Agreement.

EQT's Proposed Merger with Range Resources: What the Filing Says

EQT Corporation (Commission File No. 001-3551) filed a Form 425 communication relating to its proposed acquisition of Range Resources Corporation (Commission File No. 001-12209). The filing was made by EQT as the filing party under Rule 425 of the Securities Act of 1933, with Range Resources identified as the subject company. The communication consists of a post made by Toby Z. Rice, EQT's President and Chief Executive Officer, on his X account, in connection with the proposed transaction.

According to the filing, the proposed transaction is governed by an Agreement and Plan of Merger dated October 25, 2026, entered into by EQT, EQT Holdings LLC, Rhino Merger Sub Inc., Rhino Merger Sub LLC, and Range Resources Corporation. The filing states that EQT intends to file a registration statement on Form S-4 with the SEC, which will include a joint proxy statement/prospectus. The filing notes that EQT's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, was filed with the SEC on February 18, 2026.

The filing identifies several conditions and risks associated with the proposed transaction, including the need for shareholder approvals from both EQT and Range, required governmental and regulatory approvals, and risks related to integration, commodity price volatility, and personnel retention. The filing states that "information adjusted for the proposed transaction should not be considered a forecast of future results," and includes cautionary language noting that forward-looking statements are subject to significant uncertainties and that actual results "may be materially different."

What Was Disclosed

EQT Corporation filed a Form 425 disclosing CEO Toby Z. Rice's social media communication regarding EQT's proposed merger with Range Resources Corporation under a Merger Agreement dated October 25, 2026, with a joint proxy statement/prospectus and Form S-4 registration planned for future regulatory filing.