EQT Reports First Quarter 2021 Results
Continuing to deliver value to stakeholders
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PITTSBURGH, May 5, 2021 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today announced financial and operational results for the first quarter 2021.
First Quarter Highlights:
Received an average realized price of $2.61/Mcfe
Total per unit operating costs of $1.31/Mcfe, $0.04 below midpoint of annual guidance
Net cash provided by operating activities of $400 MM; free cash flow
(1) of $259 MM
Capital expenditures of $238 MM, $42 MM below the low-end of guidance range
Well costs of $635/foot in the PA Marcellus, $40/foot below full-year 2021 well costs target
Reduced 2021 capital expenditure guidance by $75 MM