EQT Corporation — Earnings Quality Grade F
EQT · Energy
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 64 days, change -15 days YoY
AR growth 28.7% vs revenue growth 60.0%
Revenue 60.0%, CFFO 81.3%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 1.5% vs revenue 60.0%. Normal
SG&A/Gross Profit = 10.5%, excellent (<30%)
Gross margin swung +28.5pp (14.7% → 43.2%)
Cash Flow Quality
CFFO/NI = 2.51. Profits backed by cash
FCF $2.8B, FCF/NI = 1.39
Accruals ratio = -7.4%. Low accruals
Cash $0.1B covers only 1% of debt $7.9B
Balance Sheet Health
Goodwill+Intangibles $2.3B = 10% of equity. Manageable
Debt/EBITDA = 1.3x. Healthy
Other assets -2.0% vs revenue 60.0%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles change -1% YoY. Normal
Manipulation Score
M-Score = -2.73 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10