EQT // EQT Corporation

DES <GO> NYSE CIK 0000033213 ↗

Energy • Oil & Gas Production

$54.54 ▼ -1.68 (-2.99%)

MKT CAP: $34.12B • VOL: 11.61M

52W L $48 52W H $68

ALTMAN Z

2.01 GREY

PIOTROSKI

8 / 9

EQT // ROARABLE RATING & 5-PILLAR RQD CONFIDENCE 02:00 EST DETERMINISTIC ENGINE

PRIOR: RQD 67/100 [C+] (+0 PT) • UNCHANGED AS OF 2026-11-01

ROARABLE C+

RQD CONFIDENCE

67 / 100 +0D

5 X 20-PT QUANT PILLARS

E 0 D 35 C 59 B 70 A 86+

Roarable Hold — Upper Neutral / Watch for Breakout

01 MASSIVE / SEC XBRL

Forensic Fundamentals

12 / 20

NEUTRAL

FCF +200% vs NI +200% • ROIC-WACC -1% • Z 2.01

02 OPRA GEX + SEC 13F

Whale & Options Flow

[LOCKED] FLAGGED

UNLOCK BELOW TO REVEAL

03 SEC FORM 4 (90D)

Insider Conviction

[LOCKED] FLAGGED

UNLOCK BELOW TO REVEAL

04 FRED 90D r-MATRIX

Macro Regime Fit

17 / 20

STRONG

TAILWIND • r(10Y)=+0.00 (+23bp) • r(OAS)=+0.00

05 10-K REDLINE AUDIT

Forensic 10-K Risk

16 / 20

STRONG

20 BASE - 4 DEDUCT • 0 CRIT / 0 MED • STABLE

ALERT

Why did EQT's Whale & Options Flow & Insider Conviction sub-score just flash a warning? Enter your email to unlock the full 5-Pillar Rating Breakdown + get instant alerts whenever EQT is Upgraded or Downgraded.

SIG <GO> CROSS-FEED TRIANGULATION // PROPRIETARY ANOMALY ENGINE (1 ACTIVE ON EQT)

STAGE 2 DETERMINISTIC Z-SCORE + STAGE 3 GEEK DESK BRIEF ALL MARKET ANOMALIES <SIG>

▼ BEARISH // F-RATED EARNINGS MIRAGE // ACCRUAL WATCHSIFTER 02 // ACCRUAL & RECEIVABLES FORENSICS

SEVERITY: 80/100 Z-SCORE: +2.15σ

EQT Accounting Gap: Net Income (+220%) Outpaced OCF (+81.3%) With +-46% Working-Capital Build

CASH CONVERSION GAP

+138.7% (NI vs OCF)

RECEIVABLES / WC BLOAT

-46.0% VS REV

60D C-SUITE FORM 4 SALES

0 OPEN-MKT DUMPS

[GEEK DESK FORENSIC NOTE // SEC XBRL × FORM 4 CROSS-CHECK]

SEC EDGAR XBRL CompanyFacts10-K/10-Q Working Capital ScheduleSEC Form 4 Executive Sales

SEC EDGAR XBRL triangulation on EQT Corporation (EQT) exposes a +138.7% Cash Conversion Gap as YoY Net Income growth (+220.0%) diverged from Operating Cash Flow growth (+81.3%). Non-cash current assets and receivables expanded -46.0% relative to top-line revenue growth. Monitor upcoming 10-Q cash realization closely for accrual mean-reversion.

EQT // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -7.82%📐 HORIZONTAL RANGE

2026-10-30O $54.50H $55.97L $54.25C $55.38VOL 8.86M

RES: $57.34SUP: $46.64SMA50: $53.19SMA200: $55.57

EQT // INSTITUTIONAL BULL VS. BEAR FORENSIC DEBATE

HIGH-CONVICTION LONG CONVICTION: 76/100

BEAR 0

100 BULL

EQT Corporation (EQT) exhibits 82.3% gross margins and 8.3% return on invested capital within Energy (Oil & Gas Production), balanced against a 8.0x enterprise multiple and 7.4% implied options volatility.

▲ INSTITUTIONAL BULL THESIS (LONG)

01. Operating Leverage & Capital Efficiency Moat

Sustained 82.3% gross profitability converts into 37.6% operating margin and 8.3% ROIC, outpacing sector cost of capital.

ROIC: 8.3% // GM: 82.3%

02. Top-Line Expansion & Cash Conversion

YoY revenue trajectory of +63.9% paired with 8.32% free cash flow yield supports self-funded R&D and capital return.

REV YOY: +63.9% // FCF YLD: 8.32%

03. Balance Sheet Solvency & Forensic Quality

Altman Z-Score of 2.01 and Piotroski F-Score of 8/9 indicate low near-term refinancing stress.

ALTMAN Z: 2.01 // F-SCORE: 8/9

▼ INSTITUTIONAL BEAR THESIS (SHORT / RISK)

01. Multiple Compression & Duration Sensitivity

Trading at 16.7x trailing P/E (14.0x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.

P/E: 16.7x // EV/EBITDA: 8.0x

02. Options Skew & Event Volatility Risk

Options market prices a ±7.4% implied move with a 0.85 put/call ratio around $53.00 max pain.

IMPL MOVE: ±7.4% // P/C: 0.85

03. Competitive Margin & CapEx Cycle Pressure

Elevated industry capital intensity and customer concentration in Oil & Gas Production require continuous execution to defend 23.6% net margins.

NET MARGIN: 23.6% // D/E: 0.31x

KEY CATALYST // Upcoming 10-Q/10-K XBRL margin progression, guidance revision vs 14.0x forward consensus, and institutional 13F positioning.

MACRO REGIME // Monitor US 10Y Real Yields (DFII10) and High-Yield Credit Spreads (OAS) for beta-adjusted multiple impact (Beta 1.14).

FORM 4 & 13F FLOW OPEN OWN <GO>

FILER	SIDE	$ VALUE
INSPECT FULL OWNERSHIP LEDGER IN OWN <GO>

UNUSUAL OPTIONS TAPE OPEN OPT <GO>

STRIKE / EXP	TYPE	PREMIUM
INSPECT GEX & CHAIN IN OPT <GO>

KEY VALUATION & PROFITABILITY RATIOS XBRL FA <GO>

TRAILING P/E 16.7x

FORWARD P/E 14.0x

EV / EBITDA 8.0x

FCF YIELD 8.32%

GROSS MARGIN 82.3%

OPERATING MARGIN 37.6%

NET MARGIN 23.6%

ROIC % 8.3%

REV GROWTH YOY +63.9%

DILUTED EPS TTM $3.26

DEBT / EQUITY 0.31x

DIVIDEND YIELD 1.14%

RSI-14 MOMENTUM 57.5

5Y EQUITY BETA 1.14

FRED MACRO SENSITIVITY (PEARSON r) ECST <GO>

MACRO CORRELATION CALIBRATION ACTIVE BELOW.

FRED MACRO REGIME STRESS-TEST SIMULATOR // EQTPEARSON R VARIANCE ENGINE

01 // SELECT FEDERAL RESERVE & CREDIT SHOCK SCENARIO

02 // POSITION NOTIONAL EXPOSURE

HEADLINE STRESS SCORE

75/100SEVERE DRAWDOWN PRESSURE

PRIMARY FACTOR EXPOSURE

DFII10 // -0.61 r

Latest: 2.08%

EST. DIRECTIONAL MOVE

-8.50%

Implied Px: $49.91

EST. DOLLAR VARIANCE

-$4,248

On $50,000 Notional

[LOCKED // MULTI-FACTOR DRAWDOWN HEDGE & MACRO TRIGGER ALERT]

Unblur the exact $50,000 delta-adjusted ETF/options hedge ratio for EQT & activate live FRED threshold breach alerts.

HEAD-TO-HEAD PEER COMPARISONS COMP <GO>

EQT VS XOM

MARGINS ROIC VALUATION

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MARGINS ROIC VALUATION

EQT VS SHEL

MARGINS ROIC VALUATION

EQT VS BHP

MARGINS ROIC VALUATION