EQT to buy Range Resources in $13 billion deal to create top US gas producer
Published . Updated .
This report is about natural gas.
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 “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 “gas” (natural gas) 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 “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 “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 “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 “gas” (natural gas) 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 | -3.60% | after close | after close | after close |
| RRC | -5.06% | -5.65% | base | +15.41% | after close | after close | after close |
| UNG | +9.18% | +3.86% | base | -1.56% | after close | after close | after close |
| XLE | -2.19% | -1.69% | base | -0.41% | after close | after close | after close |
| LNG | -4.05% | -4.80% | base | -0.19% | after close | after close | after close |
| KMI | -3.02% | -1.31% | base | -2.50% | after close | after close | after close |
| WMB | -1.79% | +1.58% | base | -0.84% | after close | after close | after close |
| CNQNo 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.
Market Call
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EQT to buy Range Resources in $13 billion deal to create top US gas producer Reuters
Source: Reuters
United States Natural Gas Fund (UNG) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Eqt (EQT) | that day | -3.60% | still updating |
| Eqt (EQT) | three days earlier | -2.80% | final price |
| Eqt (EQT) | five days earlier | -2.14% | final price |
| Kinder Morgan (KMI) | that day | -2.50% | still updating |
| Kinder Morgan (KMI) | three days earlier | -1.31% | final price |
| Kinder Morgan (KMI) | five days earlier | -3.02% | final price |
| Cheniere Energy (LNG) | that day | -0.19% | still updating |
| Cheniere Energy (LNG) | three days earlier | -4.80% | final price |
| Cheniere Energy (LNG) | five days earlier | -4.05% | final price |
| RRC | that day | +15.41% | still updating |
| RRC | three days earlier | -5.65% | final price |
| RRC | five days earlier | -5.06% | final price |
| United States Natural Gas Fund (UNG) | that day | -1.56% | still updating |
| United States Natural Gas Fund (UNG) | three days earlier | +3.86% | final price |
| United States Natural Gas Fund (UNG) | five days earlier | +9.18% | final price |
| Williams Companies (WMB) | that day | -0.84% | still updating |
| Williams Companies (WMB) | three days earlier | +1.58% | final price |
| Williams Companies (WMB) | five days earlier | -1.79% | final price |
| Select Sector Spdr Tr (XLE) | that day | -0.41% | 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.
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).
Who gains and who loses around United States Natural Gas Fund (UNG)
Companies carried with this story
- UNG United States Natural Gas Fund
For “EQT to buy Range Resources in $13 billion deal to create top US gas producer,” 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 “gas” (natural gas) in this story
- XLE Select Sector Spdr Tr
For “EQT to buy Range Resources in $13 billion deal to create top US gas producer,” 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 “gas” (natural gas) in this story
- EQT Eqt
Eqt (EQT) is linked, with no stored direction, medium confidence in the 26 Oct 2026 story “EQT to buy Range Resources in $13 billion deal to create top US gas producer.” Reason on file: Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “gas” (natural gas) in this story
- LNG Cheniere Energy
For “EQT to buy Range Resources in $13 billion deal to create top US gas producer,” 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 “gas” (natural gas) in this story
- KMI Kinder Morgan
Kinder Morgan (KMI) is linked, with no stored direction, medium confidence in the 26 Oct 2026 story “EQT to buy Range Resources in $13 billion deal to create top US gas producer.” Reason on file: Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “gas” (natural gas) in this story
- WMB Williams Companies
Williams Companies (WMB) is linked, with no stored direction, medium confidence in the 26 Oct 2026 story “EQT to buy Range Resources in $13 billion deal to create top US gas producer.” Reason on file: The Williams Companies (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “gas” (natural gas) in this story
United States Natural Gas Fund (UNG)
On 26 Oct 2026, “EQT to buy Range Resources in $13 billion deal to create top US gas producer” is the story that connects United States Natural Gas Fund (UNG) to this story.
What ties United States Natural Gas Fund (UNG) to the headline is this: United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas” (natural gas) in this story
Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “gas” (natural gas) in this story
Price levels for United States Natural Gas Fund (UNG)
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.
How strong the case is around United States Natural Gas Fund (UNG)
46 out of 100Price not final
“EQT to buy Range Resources in $13 billion deal to create top US gas producer” scores 46 out of 100. The score uses 1 sources, and 6 linked companies. The price is not final yet.