WASHINGTON (dpa-AFX) - EQT Corp.(EQT) reported that its fourth-quarter net income rose to $90.85 million or $0.60 per share, from $73.11 million or $0.49 per share in the same quarter last year. Operating revenues for the quarter rose to $498.54 million from $422.91 million in the prior year quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.51 per share on revenues of $361.33 million for the quarter. Analysts' estimates typically exclude special items. In response to lower natural gas prices, the company said that it will suspend drilling Huron wells after the wells currently in progress are completed and turned in line. As a result, the company said that it decreased its 2012 CAPEX forecast by $135 million to $1,465 million. Operating cash flow is now projected to be approximately $900 million in 2012, at current NYMEX natural gas prices.
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