Natural Gas & LNG
Natural Gas & LNG gathers companies across the natural gas value chain, from upstream producers to midstream pipelines, LNG terminals and shipping, royalty owners and local distributors. Capital flows to this group as global gas demand, export capacity and energy security needs interact with policies that favor lower-carbon gas relative to coal and with technological changes in production and shipping.
4 of 38 stocks are in a Stage 2 uptrend.
Stocks in this theme
| Ticker | Price | 1M | 3M | 1Y | Stage | Trend | vs 52w high |
|---|---|---|---|---|---|---|---|
| CRGYCrescent Energy Co | $12.89 | -5.8% | +36.1% | +42.3% | Stage 1 | 7/7 | -16.14% |
| SMSM Energy Co | $33.78 | -9.1% | +31.3% | +30.5% | Stage 1 | 7/7 | -18.19% |
| NOGNorthern Oil & Gas, Inc. | $22.88 | -12.0% | +30.3% | -11.0% | Stage 1 | 3/7 | -25.76% |
| WDSWoodside Energy Group Ltd | $22.17 | -4.8% | +14.7% | +46.8% | Stage 1 | 6/7 | -10.53% |
| VGVenture Global, Inc. | $12.64 | -13.7% | +14.6% | -14.8% | Stage 1 | 5/7 | -27.9% |
| LNGCheniere Energy, Inc. | $269.03 | -7.8% | +10.3% | +14.3% | Stage 2 (continuation) | 7/7 | -9.39% |
| PAAPlains All American Pipeline Lp | $23.72 | -7.5% | +6.7% | +33.9% | Stage 2 (continuation) | 7/7 | -9.12% |
| KNTKKinetik Holdings Inc. | $50.2 | -8.4% | +5.5% | +12.7% | Stage 2 (continuation) | 7/7 | -8.89% |
| TRGPTarga Resources Corp. | $270.31 | -8.0% | +4.8% | +59.9% | Stage 2 (continuation) | 7/7 | -10.57% |
| BSMBlack Stone Minerals, L.P. | $14.32 | -3.8% | +4.7% | +8.0% | Stage 1 | 4/7 | -7.25% |
| CPKChesapeake Utilities Corp | $128.46 | -3.8% | +4.6% | -5.0% | Stage 3 | 3/7 | -7.62% |
| ETEnergy Transfer LP | $19.77 | -8.1% | +3.8% | +13.2% | Stage 1 | 5/7 | -9.02% |
| WESWestern Midstream Partners, LP | $44.37 | -7.8% | +2.9% | +15.4% | Stage 1 | 5/7 | -10.9% |
| MPLXMplx Lp | $56.32 | -4.8% | +0.7% | +12.5% | Stage 1 | 4/7 | -6.92% |
| CQPCheniere Energy Partners, L.P. | $60.86 | -13.4% | +0.3% | +13.8% | Stage 1 | 4/7 | -14.55% |
| RRCRange Resources Corp | $37.04 | -10.4% | +0.2% | -0.9% | Stage 1 | 3/7 | -22.27% |
| OKEOneok Inc /New/ | $85.27 | -11.2% | -0.5% | +16.6% | Stage 1 | 5/7 | -12.55% |
| HESMHess Midstream LP | $37.37 | -7.1% | -1.1% | +7.7% | Stage 1 | 4/7 | -8.79% |
| CRCCalifornia Resources Corp | $50.8 | -4.2% | -1.8% | -5.7% | Stage 1 | 2/7 | -27.56% |
| NFGNational Fuel Gas Co | $75.86 | -8.7% | -2.1% | -18.4% | Stage 1 | 2/7 | -21.23% |
| EPDEnterprise Products Partners L.P. | $35.61 | -8.3% | -2.5% | +13.9% | Stage 1 | 4/7 | -10.53% |
| PBAPembina Pipeline Corp | $44.58 | -8.5% | -3.6% | +11.2% | Stage 1 | 4/7 | -13.22% |
| ARANTERO RESOURCES Corp | $33.39 | -13.2% | -4.3% | -0.5% | Stage 1 | 2/7 | -26.05% |
| GLNGGolar Lng Ltd | $47.52 | -7.7% | -4.4% | +18.2% | Stage 1 | 4/7 | -17.15% |
| KMIKinder Morgan, Inc. | $30.15 | -6.5% | -5.0% | +6.3% | Stage 1 | 3/7 | -12.12% |
| EXEEXPAND ENERGY Corp | $84.09 | -14.3% | -6.1% | -21.3% | Stage 4 | 0/7 | -31.57% |
| WMBWilliams Companies, Inc. | $67.97 | -9.4% | -6.6% | +6.3% | Stage 1 | 3/7 | -14.4% |
| CNXCNX Resources Corp | $31.17 | -14.3% | -7.1% | -4.1% | Stage 4 | 0/7 | -26.85% |
| EQTEQT Corp | $48.56 | -10.4% | -7.5% | -10.2% | Stage 4 | 1/7 | -28.51% |
| GPORGulfport Energy Corp | $150.48 | -16.1% | -9.0% | -16.5% | Stage 4 | 0/7 | -32.37% |
| TGSGas Transporter Of The South Inc | $25.95 | -10.2% | -9.5% | +20.3% | Stage 4 | 0/7 | -26.53% |
| AMAntero Midstream Corp | $20.16 | -10.1% | -11.4% | +3.0% | Stage 1 | 3/7 | -14.58% |
| TRPTc Energy Corp | $57.78 | -7.6% | -11.9% | +8.1% | Stage 1 | 3/7 | -18.52% |
| EEExcelerate Energy, Inc. | $32.13 | -18.9% | -15.4% | +29.0% | Stage 1 | 3/7 | -25.09% |
| CRKComstock Resources Inc | $12.32 | -14.6% | -16.1% | -39.1% | Stage 4 | 0/7 | -54.99% |
| DTMDT Midstream, Inc. | $119.47 | -8.8% | -16.9% | +5.7% | Stage 1 | 3/7 | -20.94% |
| MNRMach Natural Resources Lp | $10.24 | -18.1% | -19.5% | -23.1% | Stage 1 | 1/7 | -31.32% |
| BKVBKV Corp | $21.34 | -11.7% | -21.5% | -10.1% | Stage 4 | 0/7 | -33.64% |
Deep dive
This theme covers businesses that find and produce natural gas, move and store it, convert it to liquefied natural gas for long-distance trade, and deliver it to industrial, power and residential customers. Constituents include upstream explorers and producers, pipeline and storage operators, midstream limited partnerships, LNG developers and terminal operators, shipping firms and companies that own mineral or royalty interests. The mix of business models reflects the different steps needed to turn a gas molecule in the ground into a delivered unit of energy abroad or at home.
Demand drivers include power generation, industrial feedstock needs, heating and fuel switching where gas replaces coal or oil; policy choices that emphasize lower-carbon fuels and energy security; and shifts in global trade that increase long-distance gas flows. Technology improvements in drilling, completion and pipeline construction expanded supply options in major producing regions, while advances in LNG technology and floating terminals made exports more flexible and faster to deploy. Geopolitical events and seasonal weather also influence short- and medium-term flows and pricing across markets.
The value chain splits into clear segments. Producers such as EQT, Range Resources, Antero, CNX and others find and lift gas and sell it into contracted or spot markets; these companies have direct exposure to commodity prices. Midstream operators and pipeline firms like Kinder Morgan, Williams, TC Energy, Plains All American, Enterprise and MPLX gather, transport, process and store gas and earn fee-based revenue tied to volumes and contract terms. LNG developers and terminal operators such as Cheniere, Cheniere Energy Partners, Venture Global, Golar and Excelerate build and run liquefaction and regasification facilities and often balance long-term contracts with merchant sales; shipping and floating storage firms move cargoes. Mineral and royalty owners like Black Stone Minerals receive production-linked cash flows, while utilities and local distributors provide the last-mile delivery to customers.
Whether the theme keeps working depends on several factors. Global and regional supply-demand balances and the resulting price spreads determine producer margins and the economics of LNG exports; export terminal utilization and new liquefaction capacity affect cash flows for developers. Permitting, capital availability and project execution timelines shape growth in export capacity, while regulation of methane and other emissions can change operating costs and public acceptance. Longer-term demand depends on the pace of electrification, growth in renewables plus storage, industrial fuel choices and geopolitical shifts in energy trade, and company-level outcomes relate to contract mix, asset location and balance-sheet strength.