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EQT

EQTB
NYSE / Energy
Last Price
Quote time unavailable
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Current thesis
Q2 operating outperformance supported a roughly 90 Bcfe increase in 2026 production guidance while full-year capital-spending guidance fell $25 million. Sustained well productivity, lower net debt and premium-market contracts could support a re-rating.
Posture
Constructive
Lead driver
Value
What changed
8 setup hits (3d) with net bullish as of 2026-10-24.
What can break
MVP Southgate's year-end construction target and projected contract economics remain subject to execution and market conditions. [#SEC-8K-2026-07-21]
Momentum
55
Value
65
Sentiment
54
Setup hits (3d)
8 · Net Bullish
AI TargetsBase $53.00 · Bull $62.00 · Bear $38.00Analysis 2026-10-01; returns require an exact persisted reference.
Earnings
2026-10-27 · AMC
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-23 • Vendor: Data Vendor v1
Scores
As of 2026-10-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-10-01 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-10-23

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-23. Definitions

Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Bullish
Target $66.78
Why
Momentum55 · Δ7d +4.8
Value65 · Δ7d -0.0
Sentiment54 · Δ7d -1.4
So what
Strength-led posture (Net Bullish). Favor watchlist adds and disciplined entries.

Confirming evidence

  • • 8 setup hits (3d) with net bullish as of 2026-10-24.
  • • Next scheduled catalyst: earnings 2026-10-27 · AMC.
  • • Value remains the lead driver in the composite, 7D delta -0.0.

Contradictions & invalidation

  • • MVP Southgate's year-end construction target and projected contract economics remain subject to execution and market conditions. [#SEC-8K-2026-07-21]
  • • Natural-gas prices and Appalachian basis can overwhelm operational gains; EQT guided to a Q3 average differential of negative $0.75 to negative $0.65 per Mcf. SEC earnings exhibit
  • • Q2 adjusted EPS fell to $0.39 from $0.45 a year earlier despite higher volume, illustrating exposure to gas realizations.

Catalyst clock

2026-10-27 · AMC

Third-quarter production and cost test

Lead driver: Value · See fundamentals
Momentum
55
8% active weight
Current posture
7d trendFlat
Δ7d
+4.8
Δ21d
+22.0
Value
65
47% active weight
Current posture
7d trendFlat
Δ7d
-0.0
Δ21d
-0.9
Sentiment
54
45% active weight
Current posture
7d trendSoftening
Δ7d
-1.4
Δ21d
-20.2
Why this grade

Composite grade B. Momentum 55.2 / Value 65.3 / Sentiment 53.9

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-10-01. Scenario method

B+
Bull case
25%
Probability
Target price
$62.00
Analysis reference price unavailable
Analysis 2026-10-01 · RankAlpha Sentiment Codex
Most likely
B
Base case
50%
Probability
Target price
$53.00
Analysis reference price unavailable
Analysis 2026-10-01 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$38.00
Analysis reference price unavailable
Analysis 2026-10-01 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-10-23
Market Cap
$34.8B
Beta
0.74
Shares Out
625.52M
P/E (TTM)
18.3
P/S (TTM)
4.22
P/FCF (TTM)
15.85
Rev YoY
-3.9%
EPS YoY
-74.2%
Gross Margin
+48.1%
Op Margin
+42.4%
Net Debt
$7.8B
Current Ratio
0.67
As of 2026-10-23 • Updated nightlySource: Internal modelMethods & Data