EQT Midstream (EQM) Sees FY13 CapEx at $73M; Guides Adj.-EBITDA, DCF

EQT Corp (EQT) Models FY13 CapEx of $1.5B, Op Cash Flow of $1B

EQT Corporation (NYSE: EQT) today announced the Companys 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 forecast does not include CAPEX for EQT Midstream Partners, LP (NYSE: EQM), which is a publicly traded entity controlled by EQT Corporation and consolidated in its financial statements. Funding will be provided by cash-on-hand at year-end, cash generated from operations, and proceeds from expected midstream asset sales (dropdowns) to EQT Midstream Partners, LP.... More