{
  "report_rows": [
    {
      "kpi": "Q2 sales volume (Bcfe)",
      "prediction": "BEAT",
      "answer": "pred ~603 Bcfe vs. cons 595 Bcfe",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$0.44 vs. cons $0.41",
      "confidence": "LOW"
    },
    {
      "kpi": "Q2 free cash flow attributable to EQT",
      "prediction": "MISS",
      "answer": "pred ~$190M vs. cons $200M",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Total sales volume",
      "prediction": "LOWER",
      "answer": "guide ~2,325 Bcfe vs. cons 2,340 Bcfe (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Total maintenance plus growth capital",
      "prediction": "LOWER",
      "answer": "guide ~$2.70B vs. cons $2.75B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Sales volume",
      "prediction": "LOWER",
      "answer": "guide ~545 Bcfe vs. cons 555 Bcfe (Q3 2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "Year-end net debt",
      "prediction": "BETTER",
      "answer": "guide ~$5.0B vs. cons $5.2B (year-end 2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 1.8,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 0.6,
  "day5_path": "FADE",
  "day5_rationale": "The Q2 volume beat of ~603 Bcfe vs. 595 Bcfe is likely offset by FY2026 volume guidance of ~2,325 Bcfe vs. 2,340 Bcfe consensus, implying only ~1,104 Bcfe in 2H 2026 and limiting positive estimate revisions despite lower capital spending.",
  "day5_confidence": "MEDIUM"
}