Eqt
Posted: Wed Apr 26, 2023 4:52 pm
First Quarter 2023 and Recent Highlights:
Net cash provided by operating activities of $1,663 million; generated robust free cash flow(1) of $774 million
First quarter sales volumes of 459 Bcfe, two percent above the mid-point of guidance range
Capital expenditures, excluding noncontrolling interests, of $464 million, two percent below the low-end of guidance range
Total debt of $5.5 billion and net debt(1) of $3.3 billion, each as of March 31, 2023; last twelve month leverage(1) of 0.9x, down from 1.2x at December 31, 2022
Ended the quarter with a cash balance of more than $2.1 billion, up over $600 million from year-end 2022
Repurchased ~6 million shares of common stock during the quarter for $200 million or <$34/share; retired 20.4 million shares for $622 million since inception of share repurchase program
Retired $210 million of senior note principal in the first quarter at an average cost of 96% of par
Don’t appear to be any signs of slowing up plans; full speed ahead. May bury some in its wake.
Net cash provided by operating activities of $1,663 million; generated robust free cash flow(1) of $774 million
First quarter sales volumes of 459 Bcfe, two percent above the mid-point of guidance range
Capital expenditures, excluding noncontrolling interests, of $464 million, two percent below the low-end of guidance range
Total debt of $5.5 billion and net debt(1) of $3.3 billion, each as of March 31, 2023; last twelve month leverage(1) of 0.9x, down from 1.2x at December 31, 2022
Ended the quarter with a cash balance of more than $2.1 billion, up over $600 million from year-end 2022
Repurchased ~6 million shares of common stock during the quarter for $200 million or <$34/share; retired 20.4 million shares for $622 million since inception of share repurchase program
Retired $210 million of senior note principal in the first quarter at an average cost of 96% of par
Don’t appear to be any signs of slowing up plans; full speed ahead. May bury some in its wake.