EQT to acquire Range Resources, creating natural gas giant with 9 Bcfe/d of production
Published . Updated .
EQT will acquire Range Resources in an all-stock merger, combining more than 9 Bcfe/d of natural gas production, nearly 3 million net acres and over 3,700 miles of midstream infrastructure.
Directly affected
Indirectly affected
- UNG United States Natural Gas Fund-7.2% 30d
United States Natural Gas Fund: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story.
- XLE Energy Select Sector SPDR+7.4% 30d
Energy Select Sector SPDR: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story.
- AMLP Alerian MLP ETF-4.2% 30d
Alerian MLP ETF: it holds pipeline operators. Linked by “midstream” (pipelines) in this story.
- LNG Cheniere Energy+8.9% 30d
Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story.
- KMI Kinder Morgan+4.2% 7d
Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story.
- WMB The Williams Companies
The Williams Companies (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story.
- CNQ Canadian Natural Resources+2.1% 30d
Canadian Natural Resources (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story.
- MDU MDU Resources Group
MDU Resources Group (natural gas distribution): pipeline operators earn fees on the oil and gas they move. Linked by “midstream” (pipelines) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| EQT | -2.14% | -2.80% | base | -1.60% | after close | after close | after close |
| RRC | -5.06% | -5.65% | base | +17.54% | after close | after close | after close |
| UNGNo price data for this ticker | — | — | — | — | — | — | — |
| XLE | -2.19% | -1.69% | base | +0.48% | after close | after close | after close |
| AMLPNo price data for this ticker | — | — | — | — | — | — | — |
| LNGNo price data for this ticker | — | — | — | — | — | — | — |
| KMINo price data for this ticker | — | — | — | — | — | — | — |
| WMBNo price data for this ticker | — | — | — | — | — | — | — |
| CNQNo price data for this ticker | — | — | — | — | — | — | — |
| MDUNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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EQT to acquire Range Resources, creating natural gas giant with 9 Bcfe/d of production Pipeline and Gas Journal
Source: Pipeline and Gas Journal
The price since 26 Oct 2026: United States Natural Gas Fund (UNG) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Eqt (EQT) | that day | -1.60% | still updating |
| Eqt (EQT) | three days earlier | -2.80% | final price |
| Eqt (EQT) | five days earlier | -2.14% | final price |
| RRC | that day | +17.54% | still updating |
| RRC | three days earlier | -5.65% | final price |
| RRC | five days earlier | -5.06% | final price |
| Select Sector Spdr Tr (XLE) | that day | +0.48% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | -1.69% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -2.19% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Michael T. McCaul sold Eqt (EQT) (held by a spouse), worth $1,001 - $15,000 on 27 Aug 2026. That is 60 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Eqt (EQT), worth $1,001 - $15,000 on 17 Aug 2026. That is 70 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Eqt (EQT) (held by a spouse), worth $1,001 - $15,000 on 14 Aug 2026. That is 73 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Kinder Morgan (KMI), worth $1,001 - $15,000 on 31 Jul 2026. That is 87 days before publication. Filed 22 Sep 2026. View the filing.
- Sen. Alan Armstrong sold Williams Companies (WMB) (jointly held), worth $250,001 - $500,000 on 8 Sep 2026. That is 48 days before publication. Filed 22 Oct 2026. View the filing.
- Sen. Alan Armstrong bought Williams Companies (WMB) (jointly held), worth $15,001 - $50,000 on 20 Aug 2026. That is 67 days before publication. Filed 17 Sep 2026. View the filing.
- Sen. Alan Armstrong bought Williams Companies (WMB) (jointly held), worth $1,001 - $15,000 on 19 Aug 2026. That is 68 days before publication. Filed 17 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, sold Mdu Resources Group (MDU), worth $50,001 - $100,000 on 29 Jul 2026. That is 89 days before publication. Filed 22 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
United States Natural Gas Fund (UNG) on one side of this energy story
Companies carried with this story
- UNG United States Natural Gas Fund
For “EQT to acquire Range Resources, creating natural gas giant with 9 Bcfe/d of production,” United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence. Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story
- XLE Select Sector Spdr Tr
In “EQT to acquire Range Resources, creating natural gas giant with 9 Bcfe/d of production,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story
- EQT Eqt
For “EQT to acquire Range Resources, creating natural gas giant with 9 Bcfe/d of production,” Eqt (EQT) is linked, with no stored direction, medium confidence. Reason on file: Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story
- LNG Cheniere Energy
In “EQT to acquire Range Resources, creating natural gas giant with 9 Bcfe/d of production,” Cheniere Energy (LNG) is linked, with no stored direction, medium confidence. Reason on file: Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story
- KMI Kinder Morgan
In “EQT to acquire Range Resources, creating natural gas giant with 9 Bcfe/d of production,” Kinder Morgan (KMI) is linked, with no stored direction, medium confidence. Reason on file: Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story
- WMB Williams Companies
In “EQT to acquire Range Resources, creating natural gas giant with 9 Bcfe/d of production,” Williams Companies (WMB) is linked, with no stored direction, medium confidence. Reason on file: The Williams Companies (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story
How energy news reaches United States Natural Gas Fund (UNG)
On 26 Oct 2026, “EQT to acquire Range Resources, creating natural gas giant with 9 Bcfe/d of production” is the story that connects United States Natural Gas Fund (UNG) to Energy.
For United States Natural Gas Fund (UNG), the reason on file says United States Natural Gas Fund: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story
Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story
Dates in the story, and the United States Natural Gas Fund (UNG) price range
EQT traded between 49.93 and 56.07 across 19 sessions. The latest close on file is 55.63. UNG traded between 9.52 and 11.43 across 20 sessions. The latest close on file is 9.59. XLE traded between 60.95 and 69.72 across 20 sessions. The latest close on file is 69.32.
The energy score for United States Natural Gas Fund (UNG)
46 out of 100Price not final
“EQT to acquire Range Resources, creating natural gas giant with 9 Bcfe/d of production” scores 46 out of 100. The score uses 1 sources, and 6 linked companies. The price is not final yet.