U Equulei is, or was, an OH/IR star, and strong OH and H2O masers have been observed. These vary to a greater extent than almost any other star observed, and it is possible that the stage of maseractivity is essentially finished.
Hypothetical planet
Lionel Siess and Mario Liviosuggested that the accretion of a giant planet towards the increasingred giant has made the star's outer layers rotate fast enough to cause an outpouring equatorial- or disk-expansion, responsible for the star's peculiar environment. The spectroscopic study has indicated the star is surrounded by the dust shell, but shape of the shell cannot be measured due to large distance to the star.