On Oct. 26, 2026, EQT Corp. announced that it had entered into a definitive agreement to acquire Range Resources Corp. --a U.S.-based Appalachian natural gas and natural gas liquids (NGLs) producer--through an all-stock transaction valued at nearly $13.7 billion, including the assumption of Range’s debt. Range's shareholders will receive 0.987 EQT shares per Range share, which equates to a roughly 21% premium to the company's closing price on Oct. 23, 2026. EQT's shareholders will own about 73% of the combined company, while the Range shareholders will hold the remaining approximately 27%. Therefore, S&P Global Ratings placed all its ratings on Range, including the'BB+'issuer credit rating, on CreditWatch with positive implications. The CreditWatch placement reflects that we will likely
