# EQT Buys Range Resources for $50 Billion

> EQT's $50 billion merger with Range Resources creates a gas giant targeting AI data center demand.
- Title: EQT Buys Range Resources for $50 Billion · 24/7 Wall St.
- Summary: EQT's $50 billion merger with Range Resources creates a gas giant targeting AI data center demand. EQT's acquisition of Range Resources forms a $50 billion…
- Keywords: eqt, range resources, merger, appalachian gas, ai data centers, natural gas, s&p 500, Buys, Range, Resources, Billion, 24/7 Wall St.
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/10/26/had-you-invested-1000-in-eqt-or-range-resources-5-years-ago-heres-what-youd-have-what-to-expect-from-the-merged-company
- Author: Trey Thoelcke
- Published: 2026-10-26T13:50:41+00:00
- Read time: 1 min
- Topics: eqt, range resources, merger, appalachian gas, ai data centers, natural gas, s&p 500
## EQT Acquires Range Resources
EQT agreed to buy Range Resources in an all-stock deal creating a $50 billion Appalachian gas giant.
## Stock Price Reaction
Range shares rose 9.7% to $49.94 while EQT fell 7.4% to $51.52 in premarket trading.
## Five-Year Investment Returns
A $1,000 investment in EQT grew to $2,608.13 with a 158.45% total return over five years.
## Range Resources Performance
A $1,000 investment in Range Resources grew to $2,144.85 with an 111.51% total return over five years.
## Exchange Ratio Details
TradingView reported an exchange ratio of 0.987 EQT shares for each Range share at deal closure.
## AI Data Center Focus
Barron's framed the deal around natural gas as fuel for AI data centers to lower costs and secure pipeline capacity.
## Investor Tracking Points
Retirement investors should track merger proxy filings, regulatory clearance, and EQT's next earnings report.
## Key takeaway

EQT's acquisition of Range Resources forms a $50 billion Appalachian gas producer to serve AI data centers.