EQT Corporation will acquire Range Resources Corporation in an all-stock deal that creates a US natural gas producer with a pro forma enterprise value above $50 billion. The companies announced the merger agreement on October 26, 2026. Each Range share will convert into 0.987 EQT shares. EQT shareholders will own about 73% of the combined company, and Range shareholders about 27%. The combined company will produce more than 9 Bcfe/d across nearly 3 million net acres. EQT expects $325 million in annual synergies within two years, rising to more than $600 million long term. The deal is expected to close in the first quarter of 2027, pending regulatory and shareholder approvals. EQT's management will lead the company, which will remain headquartered in Canonsburg, Pennsylvania.

EQT raised its quarterly dividend 3% to $0.17 per share from $0.165, the board announced on October 14, 2026. The annualised rate of $0.68 gives a forward yield of about 1.27% at a share price of $53.62. Free cash flow covered the payout about 4.4 times in the second quarter of 2026, even as NYMEX gas fell to $2.89/MMBtu. In 2025, free cash flow of $2.50B covered dividends of $389.6 million about 6.4 times. Total debt fell to $5.66B from $7.80B, close to the company's $5 billion net debt target. Management said buybacks, not dividends, will get most extra cash. A 10-year power supply deal and an LNG agreement starting in 2028 could add about $145M a year to free cash flow.

Three stocks stand out for sustained growth, rising margins and strong returns: Marvell Technology, Curtiss-Wright and EQT. Marvell (NASDAQ: MRVL), a fabless designer of data processing and networking chips, has returned 235% over five years. Its revenue grew 33.8% a year over the last two years, and projected growth for the next 12 months is 65.4%. The stock trades at $227.15, or 42.7x forward P/E. Curtiss-Wright (NYSE: CW), which serves aerospace, industrial, electronic, and maritime industries, has returned 283%. Revenue grew 10.2% a year over two years, and buybacks lifted earnings per share faster than sales. It trades at $501.54, or 31.1x forward P/E. EQT (NYSE: EQT), the largest US natural gas producer by daily volume, has returned 168%. Its free cash flow margin is 30.8%, and it trades at $54.24, or 17.4x forward P/E.