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ES - EQT eyes lower capex & flat production in 2020 - November 12, 2019

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EQT eyes lower capex & flat production in 2020 EQT laid out its 2020 plans with an eye toward reduced costs and capex. Sales volumes are forecast to be roughly flat compared to 2019 at 1.45-1.50 Bcfe/d, while capital expenditures will be $525 million lower YOY at $1.3-1.4 billion, allowing for $200- 300 million in free cash flow. That capex reduction would have been even steeper, but EQT concurrently reduced its 2019 capex guidance......
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