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EQT Corp. Keeps Capex, Production Flat for 2021
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EQT Corp. announced financial and operational performance results for the fourth quarter and year-end 2020, as well as financial and operational guidance for 2021.
2021 Plan Production: Sales volumes of 1,620 - 1,700 Bcfe, roughly flat to pro-forma 2020 level Capex: $1.10-1.20 billion, relatively flat from $1,125B spent in 2020 Hedging Fourth Quarter Highlights: Sales volumes of 401 Bcfe Total per unit operating costs of $1.30/Mcfe, $0.14 lower than 3Q20 and below guidance Net cash provided by operating activities of $406 MM; free cash flow(1) of $109 MM Capital expenditures of $266 MM, in-line with guidance Well costs of $695/ft. in the PA Marcellus; second sequential quarter below $735/ft. target Received $48 MM in federal income tax refunds Extinguished $200 MM in 2021 and 2022…- ✓ Full news archive — U.S., Canada & international coverage
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