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Natural Gas: The Real Fuel Behind Data Centers Let's discuss why $EQT plays a crucial role in Natural gas Ticker: $EQT Current Price: $60 Market cap: $38 Billion 1/ Why natural gas? Why EQT? What’s their moat? Energy is one of the biggest bottlenecks for AI over the next decade. Natural gas demand for data-center power has risen from 35% in 2020 to 40% in 2025 and is projected to reach 45% by 2030 as AI workloads accelerate. Natural gas is the only energy source that can scale fast enough, cheaply enough, and reliably enough to meet AI-driven power requirements. AI data centers need uninterrupted baseload power not intermittent generation and natural gas provides high efficiency and grid stability at scale. EQT is the largest natural-gas producer in the U.S., accounting for roughly 6% of total national output. If EQT were a country, it would be the 12th-largest gas producer in the world - a scale unmatched by any pure-play competitor. This combination of scale, low-cost production, and strategic repositioning creates one of the strongest moats in the natural-gas sector. 2/ Fundamentals EQT fundamentals have completely transformed even if the stock hasn’t. In 2014 EQT was a $60 stock. Today 11 years later - EQT is still a $60 stock. But the business underneath is nothing like it was: - Revenue in 2014: $2.48B - Revenue LTM: $7.8B → 3× growth - Free cash flow flipped from negative to solidly positive after the 2020–2022 downturn - Net income stabilized and is trending higher - Balance sheet is far stronger than pre-2021 due to better pricing, hedging, and cost controls The stock stayed flat. The fundamentals didn’t. This is exactly the type of setup where the re-rating shows up after the business transformation is already done. 3/ Technicals: - Forming a monster base on monthly chart - Technically very very Strong names and trading above all long term trend KMA's and IPO AVWAP - about to do a flat base breakout of 11 years on consolidation - Daily, weekly and Monthly charts are saying we are heading higher 4/ Funds Position: - Institutional ownership has surged from 280M shares in 2020 to 700M+ shares today, showing heavy accumulation from major funds as the AI-energy thesis strengthens. - Top holders like BlackRock, State Street, Geode, Lone Pine, and Citadel have added aggressively in recent quarters, with increases ranging from +10% to +180% - clear conviction in EQT’s long-term setup. 5/ My Take: I do think energy becomes the biggest bottleneck for AI over the next decade and we’re still extremely early in building the power infrastructure these data centers will demand. GPUs scale fast. Power grids don’t. That gap has to be filled by something reliable, cheap, and instantly deployable. If you want exposure to natural-gas-driven AI power, EQT is the purest and most dominant way to play it. They control the largest low-cost gas supply in the country, they’re signing direct deals with power operators, and institutions are loading up aggressively. The market hasn’t priced in the role natural gas will play in fueling AI but it will. AI Doesn’t Run on Hype - It Runs on Natural Gas Enjoy!

One of the best days of 2026 for me. Investing account +4.15% Roth IRA +9.05% Days like this remind you why patience and discipline matter in this game🫡

The best opportunity right now - the dip buy setup is $NBIS. - Classic 50-day SMA test in a strong uptrend - Broke out of a massive base and now retesting - Backed by the Microsoft deal and multiple catalysts ahead This is a company I see heading to a $100B+ market cap in the next 3–5 years. If I had to pick one stock outside of $TSLA - it’s Nebius. I’m back in $NBIS at $98 and will add more if it pulls back to the 100 or 200-day SMA. Long-term hold - not watching this one day to day.

$NBIS about to print its first higher high since Oct 2025 on 4x volume after the $NVDA $2B investment catalyst. Nebius shareholders should be happy.