EQT Corp to Spend $1.5 Billion on Production for 2013; Provides Revenue, EBITDA Guidance
EQT Corporation ( EQT ) announced its 2013 capital expenditure ( CAPEX ) forecast of $1.5 billion. The CAPEX forecast includes $1.15 billion for EQT Production, $320 million for EQT Midstream and $45 million for distribution infrastructure projects and other corporate items.
The company also forecasts consolidated EQT Midstream 2013 EBITDA, which includes the results of EQT Midstream Partners, LP, of approximately $335 million compared to a 2012 EBITDA forecast of $300 million. Net operating revenues in 2013 will be approximately $325 million for gathering, $145 million for transmission, and $30 million for storage, marketing and other.
EQT closed in the red at $59.38 yesterday.