EQT Announces 2015 CAPEX Forecast Of $2.5 Bln - Quick Facts

(RTTNews) - EQT Corporation (EQT) announced its 2015 capital expenditure or CAPEX forecast of $2.5 billion, excluding business development and land acquisitions.

The CAPEX forecast includes $2.3 billion for EQT Production and $225 to $250 million for EQT Midstream depending on the timing of an expected drop-down. Funding will be provided by cash generated from operations, cash-on-hand, and proceeds from midstream asset sales to EQT Midstream Partners, LP (EQM).

For fiscal 2015, the company said based on current natural gas prices, EQT's operating cash flow is projected to be approximately $1.3 billion in 2015, which excludes approximately $215 million of the noncontrolling interest portion of adjusted EQT Midstream Partners EBITDA.