Upstream Natural Gas E&P Stocks Q4 Highlights: EQT (NYSE:EQT)

The market seems happy with the results as the stock is up 7.1% since reporting. It currently trades at $39.32.

Is now the time to buy CNX Resources? Access our full analysis of the earnings results here, it’s free.

Holding roughly 521,000 net acres across West Virginia, Ohio, and Pennsylvania, Antero Resources (NYSE:AR) drills and produces natural gas, natural gas liquids, and oil from underground rock formations in the Appalachian Basin.

Antero Resources reported revenues of $1.29 billion, up 11.8% year on year, exceeding analysts’ expectations by 1.3%. Still, it was a softer quarter as it posted a significant miss of analysts’ EBITDA and EPS estimates.

Interestingly, the stock is up 5.7% since the results and currently trades at $37.11.

Read our full analysis of Antero Resources’s results here.

Operating in the Haynesville shale where a single well can produce millions of cubic feet of gas daily, Comstock Resources (NYSE:CRK) drills for and produces natural gas from underground shale rock formations in Louisiana and Texas.

Comstock Resources reported revenues of $361.8 million, up 5.9% year on year. This print lagged analysts’ expectations by 21.9%. It was a slower quarter as it also produced a miss of analysts’ EBITDA estimates.

Comstock Resources had the weakest performance against analyst estimates and slowest revenue growth among its peers. The stock is down 14.2% since reporting and currently trades at $17.51.

Read our full, actionable report on Comstock Resources here, it’s free.

Operating a “closed-loop” model linking gas production to carbon capture, BKV (NYSE:BKV) produces natural gas from shale formations in Texas and Pennsylvania, selling it to utilities, industrial users, and exporters.

BKV reported revenues of $330.1 million, up 176% year on year. This number topped analysts’ expectations by 26.5%. Overall, it was a very strong quarter as it also recorded a beat of analysts’ EPS estimates.

BKV pulled off the biggest analyst estimates beat and fastest revenue growth among its peers. The stock is down 3.3% since reporting and currently trades at $28.74.

Read our full, actionable report on BKV here, it’s free.

Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

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