Themes / Group
Active · newly observed relationshipLatest completed snapshot · Aug 24 · 16:55 ET

MARKET-DISCOVERED GROUP

Natural Gas E&P

THE TRADER READShared activity without a clean directional read

Price direction is split across 6 measured members. Capital-flow confirmation is unavailable.

Price breadth2 up · 4 downRelative median unavailable
Capital-flow alignmentUnavailablePrice breadth is not yet confirmed by flow
Activity nowLow_pressureActivity score 26/100
Evidence depth0 support daysLow sample—context, not a validated playbook
EVIDENCE CLOCK

What happened, in timestamp order

0 timed events
TIMING READA causal timing read is unavailable because no material member price onset could be timestamped.

No session event has enough timestamp precision to place on the clock.

2 earlier filing context receipts

TUE, FEB 10AR filing documented shared operating contextcredit / rates affecting interest expense · date precision only

MON, JUL 27EXE filing documented shared operating contextcredit / rates affecting interest expense · date precision only

Headline times and retained activity confirmations are point-in-time evidence. Price order is inferred from aligned 5-minute bars. Filing evidence has date precision only and is context, not an intraday catalyst claim.

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations
Price sequence unavailableA timestamped price sequence is unavailable.
RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized

Observed intraday paths are not available for this group yet.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast
WHY NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

6/6 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across CNX, CRK, EQT, RRC.

credit / rates affecting interest expense

“Interest Expense Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Interest expense on debt $ 55 $ 74 $ 126 $ 151 Amortization of premium, discount, issuance costs and other 2 2 3 2 Capitalized interest (14) (16) (27) (34) Total interest expense $ 43 $ 60 $ 102 $ 119 The decrease in interest expense on debt during the Current Quarter and Current Period compared to the Prior Quarter and Prior Period was primarily due to lower average debt outstanding during the Current Quarter and Current Period.”

EXE 10-Q · 2026-07-28
credit / rates

“The 2025 Credit Facility is subject to customary events of default, remedies, and cure periods for investment-grade credit facilities of this nature.”

EXE 10-K · 2026-02-18
capital investment / capacity affecting capex

“Capital Expenditures Our capital expenditures increased during the Current Period compared to the Prior Period, as a result of increased drilling and completion activity within our Northeast Appalachia and Southwest Appalachia operating areas as well as increased leasehold capital expenditure activity.”

EXE 10-Q · 2026-07-28
CONFIRMATION NETWORK

Outsiders and cross-asset links

0 outsiders confirming

No qualified cross-asset lead/lag link is available for this group.

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

No high-confidence filing-linked outsiders are available for this group yet.

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
CNXEXEEQTARCRKRRC

4/6 active2 rising · 4 falling

MemberUnusual activityToday's moveRead now
CNXCNX Resources Corporation
Elevated · 100/100
-1.3%
Active; unclassifiedHistorical role unavailable
EXEExpand Energy Corporation
Most unusual · 90/100
-1.8%
Active; unclassifiedHistorical role unavailable
EQTEQT Corporation
Elevated · 79/100
+0.4%
Active; unclassifiedHistorical role unavailable
ARAntero Resources Corporation
Elevated · 52/100
+0.1%
Active; unclassifiedHistorical role unavailable
CRKComstock Resources, Inc.
Quiet · 45/100
-0.7%
Watch / laggardHistorical role unavailable
RRCRange Resources Corporation
Elevated · 40/100
-0.7%
Active; unclassifiedHistorical role unavailable
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
CNXCNX Resources CorporationParticipating-1.3%—Price participation is not yet confirmed by per-name flow.
EXEExpand Energy CorporationMost unusual-1.8%—Most unusual activity in this snapshot; performance direction may differ.
EQTEQT CorporationParticipating+0.4%—Price participation is not yet confirmed by per-name flow.
ARAntero Resources CorporationParticipating+0.1%—Price participation is not yet confirmed by per-name flow.
CRKComstock Resources, Inc.Quiet / lagging-0.7%—Not participating yet; a breadth test or a genuine divergence.
RRCRange Resources CorporationParticipating-0.7%—Price participation is not yet confirmed by per-name flow.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome
POINT-IN-TIME LIVE OUTCOMES

Live outcome ledger collecting

0/0 events completed

No completed point-in-time outcome is available yet. New live confirmations are now retained with their exact observation timestamp; statistics appear only after the corresponding candles complete.

No point-in-time live observations have completed yet.
Low structural sample

Only 0 completed episodes across 0 active sessions; treat history as context, not a validated playbook. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support0 daysHow often the cohort identity was observed
Completed episodes0Separate periods of broad group activity
Active sessions0Completed session observations, not trades

Historical cohort observations are not available yet.