Range Resources Corporation filed a Rule 425 communication on October 27, 2026, disclosing a letter sent to its business partners announcing an agreement for Range to be acquired by EQT Corporation.

Key Highlights

  • Acquisition agreement: Range Resources has entered into an agreement to be acquired by EQT Corporation, according to the filing.
  • Expected closing: The transaction is expected to close during the first quarter of 2027, subject to regulatory approvals, shareholder approvals from both companies, and other customary closing conditions.
  • Combined acreage: The combined business is described in the filing as having "an operating footprint with nearly 3 million net acres."
  • Midstream infrastructure: The combined entity would have "access to more than 3,700 miles of crucial midstream infrastructure," the filing states.
  • Drilling inventory: The filing states the combined company would have "more than three decades of future drilling inventory."
  • Independent operations continue: Until the transaction closes, Range and EQT "will continue to operate as separate, independent companies," according to the filing.

Range Resources Discloses EQT Acquisition Agreement in Business Partner Communication

Range Resources Corporation (NYSE:RRC) filed a Rule 425 communication, also deemed filed under Rule 14a-12 of the Securities Exchange Act of 1934, on October 27, 2026. The filing reproduces an email sent to Range business partners on that date, informing them that Range has entered into a merger agreement to be acquired by EQT Corporation. The communication was filed by Range Resources Corporation, which is also the subject company, under Commission File No. 001-12209.

According to the filing, the combined company is expected to become "the country's largest and only vertically integrated natural gas producer" with what the filing describes as "leading inventory depth and a low-cost structure." The communication states the combined entity would bring together "premium inventory, technical capabilities and diversified marketing portfolios" and would serve both domestic and international demand for natural gas and NGLs. These characterizations are the company's own and are subject to its cautionary language regarding forward-looking statements.

The filing notes that closing the transaction remains contingent on multiple conditions, including receipt of required regulatory approvals and clearances, and approval by shareholders of both EQT and Range. The filing also discloses that EQT intends to file a registration statement on Form S-4 with the SEC that will include a joint proxy statement and prospectus for both companies. Range and EQT each intend to file additional relevant documents with the SEC in connection with the proposed transaction.

What Was Disclosed

Range Resources filed a Rule 425 communication disclosing an October 27, 2026 letter to business partners announcing its agreement to be acquired by EQT Corporation, with the transaction expected to close in the first quarter of 2027, pending regulatory and shareholder approvals.