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EQT Corp. (EQT) Agrees to Settle Class Action Royalty Claims with West Virginia Royalty Owners

February 13, 2019 6:34 AM EST

EQT Corporation (NYSE: EQT) today announced that it has reached a tentative settlement agreement with West Virginia landowners who are part of a statewide class action lawsuit. EQT believes that the proposed settlement agreement, which will resolve lease royalty claims in a case that has been pending since 2013, demonstrates the Companys commitment to fostering good relationships with landowners.

To resolve the royalty claims for the class period, which spans from 2009 through 2017, EQT has agreed to pay $53.5 million... More