Sees FY23 capital expenditures, excluding noncontrolling interests, to total $1.700B-$1.900B2023, including $1.400B-$1.535B planned for reserve development. Included in the 2023 capital expenditures budget is greater than $100M of capital associated with delayed 2022 wells which are now expected to be TIL in 2023. During 2023, the Company plans to TIL 110 – 150 net wells, including 17 – 24 net wells expected to be TIL in the first quarter of 2023. Inclusive of the Company’s advantaged hedge position, the Company estimates a 2023 NYMEX Henry Hub free cash flow breakeven price of approximately $1.65 per MMBtu. All guidance items exclude the impact of the pending Acquisition.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on EQT:
- 3 Stocks to Buy Today, 2/16/2023, According to Top Analysts
- EQT Reports Fourth Quarter and Full Year 2022 Results and Provides 2023 Guidance
- EQT Corporation options imply 4.9% move in share price post-earnings
- EQT Corporation announces planned CFO transition
- EQT Corporation call volume above normal and directionally bullish