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Analyst
John Annis
Period: Reporting periods mapped to calendar 2024 Q4 – 2026 Q2 (7 quarters; questions recorded in 6).
- Questions
- 11on tracked calls
- Challenge rate
- 0%none of 11 questions
- Companies
- 2questioned at least once
- Reporting periods
- 6with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 11 of 11 questions from 2 companies
EQTEQT Corporation6 questions · 3 reporting periods · 0 of 6 challenging
Calendar 2025 Q2
how would you characterize the opportunity set for EQT to secure similar agreements in Northeast PA
Show response
Toby said opportunities exist across EQT's full footprint, with tech community gravitating toward SW Appalachia. Jeremy added nothing precludes building a lateral off someone else's pipeline to serve new demand.
With the tax rule changes and recently passed legislation, how does that change your outlook for cash taxes over the next couple of years
Show response
Jeremy detailed $500M tax savings over the next few years with ~$450M PV, plus bonus depreciation on gathering CapEx under the new bill will further defer taxes during the growth ramp.
Calendar 2025 Q1
what market conditions would cause you to exit production growth. How would you frame your thought process in deciding to grow volumes
Show response
Toby was emphatic that growth requires firm demand commitment, not just strip price; Jeremy distinguished between growing to sell to the market versus selling to a customer.
Can you elaborate on the specifics that drove that $85 million in savings since the last update
Show response
Toby detailed synergy drivers including water disposal costs, CapEx optimization, and receipt point/system optimization spreads, with remaining upside from discrete projects.
Calendar 2024 Q4
could you just help frame how you as a management team contemplate the decision to potentially shift back to that sustainable growth
Show response
Toby was clear that growth requires demand visibility, not just strip prices, with the integrated platform providing advantages in securing demand commitments.
I wanted to touch on commentary provided on last quarter's call regarding the opportunity to complete 50% more footage per day in '25
Show response
Management indicated conservative assumptions on efficiency gains with water network expansion and Equitrans integration still driving improvements.
EXEExpand Energy5 questions · 3 reporting periods · 0 of 5 challenging
Calendar 2026 Q2
how much of that capacity is currently committed to existing customer arrangements versus available for optimization
Show response
Mike declined to disclose specific customer commitments but framed storage value around seasonal margin across the value chain.
Calendar 2025 Q4
How large is this opportunity today?
Show response
Dan said microgrids are small individually but accumulate. They command premium pricing with a dual benefit of reservation fee plus higher commodity price. Describes them as singles that add up over time with plans to do many more.
I wanted to get a sense of what is different about those top-performing wells
Show response
Josh said it is a mix of completion design, geology (NFZ southern position drives best results), and longer laterals (three-mile laterals showing success). Some capacity constraints on gathering systems in best areas. Completion design optimization not yet at optimal, with continued upside from cheaper sand enabling higher proppant intensity.
Calendar 2025 Q3
are you contemplating potentially being more patient with entering into future deals to let the gas on gas demand further materialize and accrue to your benefit?
Show response
Nick described portfolio approach to deal structures. LCM attractive because no balance sheet commitments and floating price at premium to NYMEX, allowing proactive hedging. Future deals will intentionally vary in structure, fixed, collar, floating, managed as a portfolio.
I wanted to get a sense of how similar your position in the Western Haynesville is to the NFZ just in terms of depth and temperature
Show response
Josh noted deeper TVD in Western Haynesville but operational learnings transferable. NFZ wells cost $1,500-$1,600 per foot versus Western Haynesville at approximately $3,000 per foot currently. Has full expectation that cost gap will narrow significantly through applied experience.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| EQT EQT Corporation | 6 | 0%none of 6 questions |
| EXE Expand Energy | 5 | 0%none of 5 questions |
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2024 Q4 | 2 | 0%none of 2 questions | 1 |
| 2025 Q1 | 2 | 0%none of 2 questions | 1 |
| 2025 Q2 | 2 | 0%none of 2 questions | 1 |
| 2025 Q3 | 2 | 0%none of 2 questions | 1 |
| 2025 Q4 | 2 | 0%none of 2 questions | 1 |
| 2026 Q1 | No questions recorded | — | — |
| 2026 Q2 | 1 | 0%none of 1 question | 1 |
- 2024 Q42 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q12 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q22 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q32 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q42 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2026 Q1No questions recorded
- 2026 Q21 question · challenge rate 0% (none of 1 question) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Demand5
- Capex Investment5
- Margin3
- M&A2
- Competitive Dynamics2
- Revenue Growth1
- Innovation & R&D1
- Capital Allocation1
- Regulation Policy1
- Cost Pressure1