EQT Corporation agreed to pay $167.5 million to settle a securities class action lawsuit. The lawsuit was filed by investors who claimed EQT overstated the benefits of its $6.7 billion merger with Rice Energy in 2017. This settlement resolves a significant legacy legal issue for EQT.
Resolving the lawsuit removes uncertainty and potential ongoing litigation costs, allowing the company to move forward without this overhang. The settlement amount was noted as a net expense of $133.7 million for the three and six months ended June 30, 2025, indicating it was accounted for in recent financial reporting.
This agreement helps EQT to focus its resources on current operations and strategic growth initiatives. The resolution of this legal matter is expected to contribute to a more stable financial and operational environment for the company.
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