EQT Expects Q2 Total Sales Volume To Be 455-505 Bcfe
Portfolio Pulse from Benzinga Newsdesk
EQT Corporation has updated its Q2 total sales volume forecast to 455-505 Bcfe and its 2024 total sales volume forecast to 2,100-2,200 Bcfe, factoring in 1 Bcf/d of operated production curtailments through May. The company also confirmed its 2024 capital expenditure plans, maintaining maintenance capital expenditures at $1,950-$2,050 million and strategic growth capital expenditures at $200-$300 million, focusing on water, midstream, and other infrastructure and land opportunities.
April 23, 2024 | 8:34 pm
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EQT Corporation updates its Q2 and 2024 sales volume forecasts, reflecting production curtailments and confirms its capital expenditure plans for 2024.
The update on sales volume forecasts and confirmation of capital expenditure plans indicate EQT's strategic adjustments in response to market conditions and its focus on high-return investments. This could be viewed positively by investors, as it demonstrates proactive management and potential for growth, likely leading to a positive short-term impact on EQT's stock price.
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