Capital Markets | Capital Expenditure
EQT Midstream Unveils 2016 Budget; IDs Key Projects
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EQT Midstream Partners, LP announced its 2016 financial and capital expenditure (CAPEX) forecast.
EQT Midstream Partners, LP adjusted EBITDA is expected to be $530 - $550 million and distributable cash flow is expected to be $460 - $480 million. Approximately 80% of 2016 revenues are expected to be generated from capacity reservation charges under long-term firm contracts. The financial forecasts do not include impacts of potential acquisitions.
DistributionsEQM forecasts a per unit distribution of $3.19 for 2016, which is 21% higher than the forecasted 2015 per unit distribution. EQM also reiterates its 20% per unit distribution growth target in 2017.
EQT GP Holdings, LP forecasts a per unit distribution of $0.62 for 2016, which is 55% higher than the estimated pro-forma full-year 2015…
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