EQT Corp. said Monday it has cut back on capital spending by another $75 million and said it was “well positioned for near-term durability and long-term sustainability” in the current volatile energy market.
The Pittsburgh-based driller has been, since July, undergoing a top to bottom change that has streamlined operations, trimmed the workforce and shored up its finances while also reducing capex, which has dropped $200 million in the six months since EQT (NYSE: EQT) announced it. Total capital…