Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Gas Utilities Industry Analysis

UpdatedSep 16, 2025
DataAggregated Company Financials
Companies15
  • 7D1.3%
  • 3M4.6%
  • 1Y11.3%
  • YTD14.8%

The Gas Utilities industry is up 1.3% in the last week, with Atmos Energy up 1.2%. This means that the industry has gained 11% over the past year. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

Has the U.S. Gas Utilities Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Sep 2025US$76.3bUS$36.7bUS$2.3b17.5x33x2.1x
Thu, 14 Aug 2025US$76.4bUS$36.7bUS$2.3b18.5x33.1x2.1x
Sat, 12 Jul 2025US$73.0bUS$36.4bUS$3.2b18x23.1x2x
Mon, 09 Jun 2025US$72.1bUS$36.4bUS$3.2b18.1x22.8x2x
Wed, 07 May 2025US$74.5bUS$35.6bUS$3.0b19.1x25.1x2.1x
Fri, 04 Apr 2025US$73.3bUS$35.3bUS$2.5b19.9x29.2x2.1x
Sun, 02 Mar 2025US$72.4bUS$35.3bUS$2.5b19.4x28.9x2.1x
Tue, 28 Jan 2025US$67.5bUS$38.1bUS$2.3b18.6x29x1.8x
Thu, 26 Dec 2024US$66.3bUS$38.1bUS$2.3b18.3x28.5x1.7x
Sat, 23 Nov 2024US$70.2bUS$38.3bUS$2.7b20.4x26.2x1.8x
Mon, 21 Oct 2024US$63.9bUS$33.5bUS$4.4b18.1x14.4x1.9x
Wed, 18 Sep 2024US$62.5bUS$33.5bUS$4.4b17.7x14.1x1.9x
Fri, 16 Aug 2024US$58.6bUS$33.5bUS$4.4b16.9x13.2x1.8x
Sun, 14 Jul 2024US$56.3bUS$33.5bUS$3.1b16.4x18.4x1.7x
Tue, 11 Jun 2024US$54.5bUS$33.5bUS$3.1b15.6x17.8x1.6x
Thu, 09 May 2024US$56.3bUS$33.4bUS$3.0b16x18.9x1.7x
Sat, 06 Apr 2024US$54.7bUS$34.1bUS$2.2b17x25.3x1.6x
Mon, 04 Mar 2024US$52.9bUS$34.1bUS$2.2b15.8x24.5x1.6x
Wed, 31 Jan 2024US$57.1bUS$38.4bUS$1.5b15.3x38.6x1.5x
Fri, 29 Dec 2023US$58.6bUS$38.4bUS$1.5b16.4x39.6x1.5x
Sun, 26 Nov 2023US$55.7bUS$38.4bUS$1.5b16x38.3x1.4x
Tue, 24 Oct 2023US$49.5bUS$37.5bUS$684.8m16.4x72.3x1.3x
Thu, 21 Sep 2023US$52.9bUS$37.5bUS$684.8m18.7x77.3x1.4x
Sat, 19 Aug 2023US$53.0bUS$37.5bUS$684.8m18.3x77.4x1.4x
Mon, 17 Jul 2023US$54.3bUS$38.4bUS$1.5b18.7x36.6x1.4x
Wed, 14 Jun 2023US$55.4bUS$38.4bUS$1.5b19.7x37.3x1.4x
Fri, 12 May 2023US$55.3bUS$38.4bUS$1.5b19.9x37.3x1.4x
Sun, 09 Apr 2023US$57.8bUS$38.5bUS$2.4b20.4x24.4x1.5x
Tue, 07 Mar 2023US$57.0bUS$38.5bUS$2.4b19.7x24.1x1.5x
Thu, 02 Feb 2023US$58.7bUS$36.7bUS$3.4b20.7x17.1x1.6x
Sat, 31 Dec 2022US$57.0bUS$36.7bUS$3.4b19x16.6x1.6x
Mon, 28 Nov 2022US$59.5bUS$36.6bUS$3.5b21.7x17.2x1.6x
Wed, 26 Oct 2022US$54.0bUS$35.0bUS$3.6b18.9x14.8x1.5x
Fri, 23 Sep 2022US$57.0bUS$35.0bUS$3.6b20.4x15.6x1.6x
Price to Earnings Ratio

15.6x


Total Market Cap: US$57.0bTotal Earnings: US$3.6bTotal Revenue: US$35.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Gas Utilities Industry Price to Earnings3Y Average 29.2x202320242025
Current Industry PE
  • Investors are optimistic on the American Gas Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 33.0x which is higher than its 3-year average PE of 29.2x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Gas Utilities industry have declined 14% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the U.S. Utilities industry?

US Market1.88%
Utilities3.51%
Gas Utilities1.25%
Gas Utilities1.25%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SWX Southwest Gas HoldingsUS$78.471.8%
+US$97.9m		6.4%PE29.2x
NFG National Fuel GasUS$86.841.0%
+US$75.0m		42.7%PE32.2x
BIPC Brookfield InfrastructureUS$40.661.4%
+US$65.5m		-2.1%PS1.3x
NWN Northwest Natural HoldingUS$41.600.8%
+US$13.5m		2.7%PE16.5x

Latest News

CPK
US$122.73
Chesapeake Utilities
7D
-1.2%
1Y
-0.8%
NWN
US$41.60
Northwest Natural Holding
7D
0.8%
1Y
2.7%
ATO
US$163.21
Atmos Energy
7D
-0.5%
1Y
18.1%

Is Now The Time To Put Atmos Energy (NYSE:ATO) On Your Watchlist?

Sep 15
Is Now The Time To Put Atmos Energy (NYSE:ATO) On Your Watchlist?
NJR
US$46.05
New Jersey Resources
7D
-1.0%
1Y
-4.1%
NFG
US$86.84
National Fuel Gas
7D
1.0%
1Y
42.7%
SR
US$75.05
Spire
7D
-1.0%
1Y
12.1%

Spire Inc. (NYSE:SR) Shares Could Be 20% Below Their Intrinsic Value Estimate

Sep 11
Spire Inc. (NYSE:SR) Shares Could Be 20% Below Their Intrinsic Value Estimate
OGS
US$74.69
ONE Gas
7D
-0.03%
1Y
1.6%

Is Now The Time To Put ONE Gas (NYSE:OGS) On Your Watchlist?

Sep 09
Is Now The Time To Put ONE Gas (NYSE:OGS) On Your Watchlist?
UGI
US$33.12
UGI
7D
-3.2%
1Y
39.0%
RGCO
US$21.90
RGC Resources
7D
-0.5%
1Y
0.6%

Roanoke Developments And PJM Demand Will Fuel Future Success

Key Takeaways Strong regional development and infrastructure investments are driving growth in recurring revenue, operating efficiency, and long-term earnings stability. Expansion in natural gas demand, smart debt management, and supportive regulatory environment bolster resilience, margin health, and future financial strength.
MDU
US$15.87
MDU Resources Group
7D
-1.2%
1Y
-39.9%
BIPC
US$40.66
Brookfield Infrastructure
7D
1.4%
1Y
-2.1%
SWX
US$78.47
Southwest Gas Holdings
7D
1.8%
1Y
6.4%