RRC changes
Pick any two versions below to diff them.
- Price
- $54.63 → $51.86(−5.1%)
- Next earnings
- Feb 23, 2027 → Jan 27, 2027
- Risks
- Natural gas and NGL prices set most of Range's cash flow. The realized price with hedges fell from $4.84 per mcfe in Q1 2026 to $3.43 per mcfe in Q3 2026. The merger needs approval from shareholders of both removed: companies and added: companies, the end of the antitrust waiting removed: period. added: period and an effective EQT registration statement on Form S-4. EQT had not filed the Form S-4 by November 13, 2026. If the deal fails, the price can fall, and in some cases Range must pay EQT a $423 million fee. After the merger, Range holders will hold EQT shares. Their value will depend on EQT's integration of Range and on the synergies. Firm transportation, gathering and processing commitments rose by about $1.5 billion in the first nine months of 2026. These fixed costs stay when gas prices fall.
- Checkpoints
- removed: Feb 23, added: Jan 27, 2027 (estimate): Q4 2026 results, if Range still reports. Pending. Watch: Production near 2.5 Bcfe per day and lower net debt pass; lower production or higher debt fail. Q1 2027 (estimate): EQT merger closing. Pending. Watch: Approval by both sets of shareholders, the end of the antitrust review and a close in Q1 2027 pass; a block, a failed vote or a delay past the removed: October 25, 2027 end date added: (October 25, 2027, or 18 months after signing when only antitrust clearance or a legal block remains) fail.