2025 production guidance is 125 Bcfe above prior expectations due to strong well performance and benefits from compression investments. Sees 2025 maintenance capital $1.95B-$2.12B and growth capital of $350M-$380M; reserve development capital guidance ~$200M lower year-over-year reflecting continued efficiency gains and benefits from compression investments. Projecting ~$2.6B and ~$3.3B of free cash flow attributable to EQT in 2025 and 2026, respectively, at recent strip pricing.
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