IEEFA Update: Frackers Record Positive Free Cash Flow During Q1, No Thanks to Economics of Gas Industry
June 27, 2020
June 27, 2020
CLEVELAND, Ohio, June 27 -- The Institute for Energy Economics and Financial Analysis issued the following news release:
Nine fracking-focused gas companies in Appalachia reported a positive free cash flow during the first quarter of 2020--but only after slashing capital expenditures and reporting significant revenues from financial hedging, according to a new study (https://ieefa.org/wp-content/uploads/2020/06/Capex-and-Cash-Cuts-from-Hedging-Give-Appalachian-Frackers-Positive-FCF- . . .
Nine fracking-focused gas companies in Appalachia reported a positive free cash flow during the first quarter of 2020--but only after slashing capital expenditures and reporting significant revenues from financial hedging, according to a new study (https://ieefa.org/wp-content/uploads/2020/06/Capex-and-Cash-Cuts-from-Hedging-Give-Appalachian-Frackers-Positive-FCF- . . .