Debt | Capital Markets | Capital Expenditure | Capex Decrease | Capital Expenditure - 2020 | 2020 Guidance
EQT Lowers Capex, Cuts Expenses; Revises MIdstream Agreements
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EQT Corp. announced a further reduction to its 2020 capital expenditure guidance.
EQT has reduced development activity in its Ohio Utica operations, lowering its expected 2020 capital expenditures by approximately $75 million to $1.075 - $1.175 billion.
Through schedule and well design optimization, this shift in activity is not expected to impact EQT's 2020 production guidance of 1,450 - 1,500 Bcfe.
EQT has now reduced its 2020 capital expenditure guidance by approximately $200 million since it was originally published in October 2019. Adjusted free cash flow for 2020 is now expected to be $225 - $325 million.
Revising Firm Transportion AgreementEQT has entered into an agreement with a third-party to permanently release firm transportation obligations of approximately 400 MMcf/d, or…
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