On Call, EQT (EQT) CEO Says Co. 'Isn't Planning to Exit Midstream Business', Sees Increased Service Costs
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Price: $53.89 +0.47%
Financial Fact:
Depreciation, depletion and amortization: 237.09M
Today's EPS Names:
EDXC, BICX, FBPI, More
Financial Fact:
Depreciation, depletion and amortization: 237.09M
Today's EPS Names:
EDXC, BICX, FBPI, More
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Very sharp drop in shares of EQT Corp. (NYSE: EQT) may be related to comments on its Q3 conference call from CEO David Porges.
The exec said the company isn't planning to exit its midstream business. EQT has began the process of learning about MLP's and joint ventures.
The company said per-well costs in the Marcellus shale have risen from $6 million to $6.7 million. The exec said the company is seeing some increases in service costs.
The exec said the company isn't planning to exit its midstream business. EQT has began the process of learning about MLP's and joint ventures.
The company said per-well costs in the Marcellus shale have risen from $6 million to $6.7 million. The exec said the company is seeing some increases in service costs.
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