EQT Corp (EQT) Models FY13 CapEx of $1.5B, Op Cash Flow of $1B
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EQT Midstream (EQM) Sees FY13 CapEx at $73M; Guides Adj.-EBITDA, DCF
December 4, 2012 7:11 AM ESTEQT Midstream Partners (NYSE: EQM) announced its 2013 financial and capital expenditure forecast. Adjusted EBITDA is expected to be $80 - $83 million and distributable cash flow is expected to be $61 - $64 million. Operating revenues are seasonal, based on utility customer contracts, and will be approximately $2 million per quarter higher in the first and fourth quarters, than in the second and third quarters.
CAPITAL EXPENDITURES:
For 2013, EQT Midstream Partners, LP (the Partnership) forecasts total capital expenditures to be approximately $73 million, and intends to increase Equitrans transmission capacity by 450 MMcf per day. The Partnership expects maintenance and... More
