Utility Tuesday: 60% Revenue Growth, $7.7M Insider Adds, 10% FCF Yields in Gas

This Week's Setup

This week's screen is classic energy cash flow: seven producers plus First Solar, every name carrying six-month insider buys and free cash yields that start in the high single digits.

CNX and EQT anchor the growth story at 49% and 60% revenue growth with 10% and 8% FCF yields, while EOG and COP bring investment-grade balance sheets, double-digit ROIC, and multi-million-dollar insider lines. FSLR adds the manufacturing kicker with an 18% ROIC and a 33% drawdown, and XOM plus BKR round out the list with seven-figure insider tickets and double-digit interest coverage.

The 8 Names

1. CNX Resources Corporation (CNX)

EV/EBITDA: 5.5 | Interest coverage: 5.7x | 52w drawdown: 13.6%

CNX posted 49% year-over-year revenue growth while trading at 9.5x earnings and yielding 10% on free cash flow, the kind of arithmetic that usually attracts attention when energy sentiment stabilizes. The normalized 10-year earnings yield of 6.3% sits well above the utility screener threshold, and ROIC of 11% confirms the capital deployment is working.

Maureen Lally-Green added shares in late March, part of $5.3 million in net insider purchases over six months that pushed 383,371 shares into management hands. Insiders bought at 7% of outstanding versus 1.1% selling, a seven-to-one ratio that signals confidence at these levels.

Short interest stands at 14.7% of the float, the highest among this week's names. That concentration can amplify moves in either direction, especially if the next earnings print disappoints or natural gas pricing weakens into summer storage season.

2. EQT Corporation (EQT)

EV/EBITDA: 7.7 | Interest coverage: 7.8x | 52w drawdown: 17.2%

EQT delivered 60% revenue growth year-over-year and trades at 17x earnings with an 8% FCF yield, the strongest top-line expansion on this week's screen. Analysts see 21.5% upside to their $68.65 consensus target, a gap that reflects the runway still embedded in natural gas production ramps and LNG export capacity coming online through 2027.

Three insiders added shares in April: Lee Canaan on April 16, Vicky Bailey on the same day, and John McCartney on April 3, contributing to $5.6 million in net purchases over six months. The insider buy ratio of 14.7% versus 3.2% selling is the second-strongest on the screen after CNX.

The 10-year normalized earnings yield of 1.6% flags cyclicality risk; EQT's historical profitability has been volatile, and current multiples lean on the assumption that commodity pricing holds and operational execution continues without disruption. The recent ESOP shelf registration raised questions about dilution and dividend coverage, a reminder that equity structure matters when FCF conversion is the thesis.

3. EOG Resources, Inc. (EOG)

EV/EBITDA: 6.4 | Interest coverage: 28.1x | 52w drawdown: 14.5%

EOG's balance sheet is fortress-grade: 28x interest coverage, net debt at 0.49x EBITDA, and a 15% return on invested capital that ranks in the top quartile of independent E&Ps. The 10-year normalized earnings yield of 2.8% and gross margin of 63% reflect a producer with pricing power and operational discipline across the Permian and Eagle Ford.

Jeffrey Leitzell and Ann Janssen added shares in late March and early April as part of $5.5 million in net insider purchases over six months. The 10.6% buy rate versus 1.2% selling shows management treating the 14.5% drawdown as a buying opportunity, not an exit.

Revenue contracted 3.4% year-over-year, the only decline among the top five names this week. The contraction reflects deliberate capital discipline rather than operational trouble, but it removes the growth narrative that drives multiple expansion and leaves EOG trading on FCF yield and balance-sheet quality alone.

4. ConocoPhillips (COP)

EV/EBITDA: 6.6 | Interest coverage: 11.3x | 52w drawdown: 14.0%

ConocoPhillips combines scale and profitability: 13% ROIC, 7.7% revenue growth, and a 5% FCF yield that supports the 2.9% dividend with room to spare. The company's global diversification and LNG exposure provide optionality as U.S. export capacity expands, and analysts see 17.9% upside to the $137.74 consensus target.

Jorge Humberto Hernandez, Jose Mauricio Rodriguez Rios, and Mauricio Botero Wolff all added shares between late March and early April, part of $6.4 million in net insider purchases over six months. The buy-to-sell ratio of 1.57 to 1.30 is the most balanced on the screen, suggesting routine participation rather than concentrated conviction, but the dollar total still ranks fourth among the eight names.

The 10-year normalized earnings yield of 1.2% reflects COP's exposure to commodity cycles and acquisition-driven growth. If crude pricing weakens or integration costs from recent deals rise, the current 18.4x multiple has room to compress quickly.

5. First Solar, Inc. (FSLR)

EV/EBITDA: 8.7 | Interest coverage: 36.8x | 52w drawdown: 32.8%

First Solar trades at the deepest drawdown on the screen, down 33% from its 52-week high, but the fundamentals argue for patience: 18% ROIC, 24% revenue growth, and a 10-year normalized earnings yield of 3.1% that puts it ahead of every energy name except CNX and EOG. The company carries net cash of 1.03x EBITDA, eliminating refinancing risk and leaving capital allocation entirely discretionary.

Insider activity turned net negative over six months, with 13,727 shares sold versus purchases. The 2.1% sell rate against 1.9% buying is narrow, but it breaks the pattern of consistent insider accumulation seen across the rest of the screen. Kuntal Verma, Michael Sweeney, and Anita George all transacted in April, but the net direction shifted.

The 33% drawdown reflects policy uncertainty around IRA tax credits and tariff threats on imported polysilicon and module components. Analysts still see 30% upside to the $249 target, but that view assumes no erosion of domestic manufacturing incentives or margin compression from input cost volatility.