EQT to Acquire Range Resources in $13 Billion All-Stock Deal

EQT to Acquire Stockbridge

October 15, 2026

Real Estate

EQT agreed to acquire 100% of Stockbridge’s management company and the general partner entities controlling interests in its funds, for $375 million in cash at closing plus up to $175 million in earnouts. The transaction is expected to close in the first quarter of 2027, subject to customary conditions and investor consents. It will expand EQT Real Estate’s U.S. capabilities in industrial, core, and alternative living strategies and broaden its global platform.

EQT Infrastructure VI to Acquire Eagle Railcar Services

April 1, 2025

Transportation

EQT announced it has entered into a definitive agreement to acquire Eagle Railcar Services, a North America-based provider of regulatorily mandated railcar repair and maintenance services. The deal is expected to close in Q2 2025 and EQT plans to partner with Eagle’s management to support growth, operational excellence, automation/digitization, and geographic expansion.

EQT Corporation Acquires Tug Hill and XcL Midstream from Quantum Energy Partners

August 16, 2023

Energy

EQT Corporation has completed its acquisition of Tug Hill's upstream assets (THQ Appalachia I) and XcL Midstream's gathering and processing assets (THQ‑XcL Holdings I) from Quantum Energy Partners for a mix of cash and EQT stock (transaction consideration initially announced at ~$5.2 billion; closing consideration reported as ~$2.4 billion cash plus EQT shares). The bolt‑on deal expands EQT's footprint and midstream capabilities in Southwest Appalachia, delivering production and gathering/processing capacity expected to lower EQT's cost structure and increase cash flow.

Baytex Energy Acquires Ranger Oil Corporation

June 20, 2023

Energy

Baytex Energy Corp. completed the acquisition (the Merger) of Ranger Oil Corporation, materially increasing Baytex's operated footprint in the Eagle Ford and expanding its North American oil-weighted asset base. The transaction enhances Baytex's development inventory and free cash flow profile, enabling increased shareholder returns and the introduction of a dividend.

EQT Infrastructure to Acquire Covanta Holding Corporation for $5.3 Billion

July 14, 2021

Environmental Services

EQT Infrastructure has agreed to acquire Covanta Holding Corporation (NYSE: CVA) for $20.25 per share in a deal valued at $5.3 billion, including the assumption of Covanta’s net debt obligations. The transaction is subject to customary approvals (including Covanta shareholder approval) and is expected to close by year-end (fourth quarter).

Diamondback Energy to Acquire QEP Resources in ~$2.2B All-Stock Deal

December 21, 2020

Energy

Diamondback Energy, Inc. (NASDAQ: FANG) announced it has entered into a definitive agreement to acquire QEP Resources, Inc. (NYSE: QEP) for approximately $2.2 billion in an all-stock transaction. The deal is expected to close in the first quarter or early second quarter of 2021, subject to QEP stockholder approval, regulatory approvals, and customary closing conditions.