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EQT.US

id: 1631

EQT Corporation ($EQT) $167.5M Investor Settlement

Late claims are being considered for compensation, subject to approval.

$167,500,000

Cash Settlement

W.D. Pennsylvania

Court

2:24-cv-01033

Case number

06/19/2017

Class period Start

06/17/2019

Class period End

12/10/2025

Claim deadline

EQT Corporation ($EQT) has agreed to settle $167.5 million with investors to resolve claims that it misled investors about the benefits from its Rice Energy acquisition.

Outline:

EQT Corporation announced the acquisition of Rice Energy as a strategic expansion of its shale operations. Investors later alleged the company overstated the operational efficiencies and financial synergies expected from the transaction. After operational challenges and performance issues emerged, the stock declined, and investors filed suit. EQT later agreed to a $167.5 million settlement to resolve the claims.

Timeline:
June 19, 2017: EQT announced plans to acquire Rice Energy and projected significant operational synergies.
November 9, 2017: Shareholders of EQT and Rice Energy approved the acquisition.
June 17, 2019: Investors alleged that operational challenges and synergy shortfalls had become apparent.
June 25, 2019: Investors filed a securities class action lawsuit regarding the acquisition.
May 12, 2025: The parties agreed to a $167.5 million settlement
Background:

EQT Corporation is a U.S. natural gas producer focused on shale drilling operations in the Appalachian Basin. In 2017, the company announced plans to acquire Rice Energy in a transaction intended to expand its production capacity and improve operational efficiency.

EQT told investors the combined company would benefit from longer lateral drilling wells and significant cost savings. The company projected that the merger could generate billions of dollars in operational synergies.

After the acquisition closed, the company experienced operational difficulties and struggled to achieve some of the projected performance improvements. Analysts and former Rice Energy executives publicly questioned EQT’s execution and integration strategy.

Investors later alleged that EQT’s projections about drilling performance and operational synergies were misleading. Following these developments and the stock’s decline, shareholders filed a securities class action lawsuit.

What Can Investors Expect Now?

EQT Corporation agreed to a $167.5 million settlement with $EQT investors to resolve claims that it misled them about the expected benefits of its acquisition of Rice Energy.

If you were damaged due to this situation, you can file for a payout and get your share of the settlement. You can check if you are eligible and other details in the FAQ section.

Case Type

US Securities Class Action

Case Status

Accepting Late Claims

Alleged Offence

Misleading Statements,

Financial Misrepresentation,

Failure to Disclose,

Omissions

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Payout per Share

0.54

Filing date

06/25/2019

Plaintiffs

Ronald A. White

Attorneys

The Rosen Law Firm, P.A.

Defendants

Hadley Ford; Julius Kalcevich; Robert Whelan

Judge

Robert J. Colville

Administrator

A.B. Data Ltd

Court hearing date

10/30/2025

Objection deadline

10/09/2025

Attorney fee

$56,150,000

Trades matching type

FIFO

Frequently Asked Questions

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