EQT, Partnerships Plan More than $4 Billion in 2018 Capex, Boost Roles in Marcellus Shale
EQT, Partnerships Plan More than $4 Billion in 2018 Capex, Boost Roles in Marcellus Shale
SUGAR LAND--December 14, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--EQT Corporation (NYSE:EQT) is now one of the top U.S. producers of natural gas, following a major acquisition last month, and the company expects to see its production and sales volumes grow substantially over the next two years. The company put its 2018 capital-expenditure (capex) forecast at $2.4 billion; combined with EQT Midstream Partners LP (NYSE:EQM) and Rice Midstream Partners LP (NYSE:RMP), both of which are master limited partnerships controlled by EQT Corporation, growth capex is expected to be as high as $4 billion. Industrial Info is tracking more than $781 million in active projects involving EQT, almost all of which are nearing or under construction.
Within this article: Details on two major EQT undertakings--Mountain Valley Pipeline, the Equitrans Expansion Project--and how the acquisition of Rice Energy Incorporated is expected to affect the company.
Other companies featured: EQT Midstream Partners LP (NYSE:EQM), Rice Midstream Partners LP (NYSE:RMP), NextEra Energy Incorporated (NYSE:NEE), Consolidated Edison Incorporated (NYSE:ED), WGL Holdings Incorporated (NYSE:WGL) and RGC Resources (NASDAQ:RGCO).
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