Possible scenario

Deal Closes Normally

45%its chance, of the story’s futures

0.0%on the S&P 500, if it happens

The most likely path is that EQT completes the Range Resources acquisition after customary shareholder and antitrust review. U.S. gas production remains fragmented enough that regulators allow the transaction, especially if EQT argues the deal improves capital discipline in an oversupplied market.

What it moves

Energy+0.3%

Sectors in percent; other series by direction only.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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