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

U.S. Gas Utilities Industry Analysis

UpdatedSep 01, 2025
DataAggregated Company Financials
Companies15
  • 7D0.4%
  • 3M3.1%
  • 1Y15.4%
  • YTD14.9%

Over the last 7 days, the Gas Utilities industry has dropped 1.1%, driven by a pullback from Atmos Energy of 1.2%. In the past year, the industry has gained 15%. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 01 Sep 2025US$76.2bUS$36.7bUS$2.3b17.8x33x2.1x
Wed, 30 Jul 2025US$73.8bUS$36.4bUS$3.2b17.9x23.3x2x
Fri, 27 Jun 2025US$72.3bUS$36.4bUS$3.2b17.7x22.8x2x
Sun, 25 May 2025US$73.3bUS$36.4bUS$3.2b18.4x23.2x2x
Tue, 22 Apr 2025US$73.2bUS$35.3bUS$2.5b19x29.2x2.1x
Thu, 20 Mar 2025US$71.6bUS$35.3bUS$2.5b19.5x28.5x2x
Sat, 15 Feb 2025US$70.6bUS$35.3bUS$2.5b18.8x28.6x2x
Mon, 13 Jan 2025US$64.3bUS$38.1bUS$2.3b17.8x27.7x1.7x
Wed, 11 Dec 2024US$68.4bUS$38.1bUS$2.3b18.8x29.4x1.8x
Fri, 08 Nov 2024US$66.3bUS$38.1bUS$2.9b18x22.6x1.7x
Sun, 06 Oct 2024US$62.4bUS$33.5bUS$4.4b17.5x14.1x1.9x
Tue, 03 Sep 2024US$60.5bUS$33.5bUS$4.4b17.2x13.7x1.8x
Thu, 01 Aug 2024US$59.2bUS$33.5bUS$3.1b17.3x19.2x1.8x
Sat, 29 Jun 2024US$54.3bUS$33.5bUS$3.1b15.8x17.7x1.6x
Mon, 27 May 2024US$54.4bUS$33.5bUS$3.1b15.6x17.7x1.6x
Wed, 24 Apr 2024US$56.3bUS$34.1bUS$2.2b16.9x26x1.7x
Fri, 22 Mar 2024US$54.5bUS$34.1bUS$2.2b16.3x25.2x1.6x
Sun, 18 Feb 2024US$52.7bUS$34.4bUS$1.8b15x29.1x1.5x
Tue, 16 Jan 2024US$57.7bUS$38.4bUS$1.5b15.8x39x1.5x
Thu, 14 Dec 2023US$56.8bUS$38.4bUS$1.5b17.1x38.4x1.5x
Sat, 11 Nov 2023US$53.6bUS$39.4bUS$1.6b14.4x33.6x1.4x
Mon, 09 Oct 2023US$50.0bUS$37.5bUS$684.8m16.9x73x1.3x
Wed, 06 Sep 2023US$51.9bUS$37.5bUS$684.8m17.8x75.7x1.4x
Fri, 04 Aug 2023US$54.3bUS$37.3bUS$650.2m19.1x83.5x1.5x
Sun, 02 Jul 2023US$54.1bUS$38.4bUS$1.5b18.9x36.5x1.4x
Tue, 30 May 2023US$54.3bUS$38.4bUS$1.5b19.8x36.6x1.4x
Thu, 27 Apr 2023US$55.8bUS$38.5bUS$2.4b19.6x23.6x1.5x
Sat, 25 Mar 2023US$55.5bUS$38.5bUS$2.4b19.4x23.4x1.4x
Mon, 20 Feb 2023US$58.4bUS$37.8bUS$2.7b21x21.6x1.5x
Wed, 18 Jan 2023US$57.9bUS$36.7bUS$3.4b19.9x16.8x1.6x
Fri, 16 Dec 2022US$57.2bUS$36.7bUS$3.4b19.2x16.6x1.6x
Sun, 13 Nov 2022US$55.9bUS$35.8bUS$3.7b20x15.2x1.6x
Tue, 11 Oct 2022US$51.4bUS$35.0bUS$3.6b18x14.1x1.5x
Thu, 08 Sep 2022US$58.1bUS$35.0bUS$3.6b20.2x16x1.7x
Price to Earnings Ratio

16x


Total Market Cap: US$58.1bTotal 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 29x202320242025
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 29.0x.
  • 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 Market0.46%
Utilities-0.79%
Gas Utilities0.43%
Gas Utilities0.43%
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$79.884.2%
+US$231.1m		9.8%PE29.7x
ATO Atmos EnergyUS$166.130.4%
+US$109.2m		27.1%PE23x
OGS ONE GasUS$76.501.5%
+US$67.2m		11.0%PE18.5x
BIPC Brookfield InfrastructureUS$40.221.2%
+US$54.8m		-1.2%PS1.3x
NWN Northwest Natural HoldingUS$41.530.5%
+US$8.6m		3.3%PE16.5x

Latest News

BIPC
US$40.22
Brookfield Infrastructure
7D
1.2%
1Y
-1.2%
SWX
US$79.88
Southwest Gas Holdings
7D
4.2%
1Y
9.8%
NFG
US$86.74
National Fuel Gas
7D
0.01%
1Y
45.1%

Pipeline Expansion And Marcellus Shale Will Drive Future Demand

Analysts have raised their price target for National Fuel Gas to $98.00, citing improved capital efficiencies, positive cash flow visibility from the One Big Beautiful Bill, and near-term data center growth catalysts. Analyst Commentary Improved capital efficiencies are driving higher earnings potential.
ATO
US$166.13
Atmos Energy
7D
0.4%
1Y
27.1%
SR
US$76.60
Spire
7D
0.05%
1Y
16.1%

With EPS Growth And More, Spire (NYSE:SR) Makes An Interesting Case

Aug 24
With EPS Growth And More, Spire (NYSE:SR) Makes An Interesting Case
MDU
US$16.29
MDU Resources Group
7D
-0.2%
1Y
-36.6%
OGS
US$76.50
ONE Gas
7D
1.5%
1Y
11.0%

Here's What To Make Of ONE Gas' (NYSE:OGS) Decelerating Rates Of Return

Aug 22
Here's What To Make Of ONE Gas' (NYSE:OGS) Decelerating Rates Of Return
NWN
US$41.53
Northwest Natural Holding
7D
0.5%
1Y
3.3%
NJR
US$47.29
New Jersey Resources
7D
-0.06%
1Y
2.1%

Impressive Earnings May Not Tell The Whole Story For New Jersey Resources (NYSE:NJR)

Aug 13
Impressive Earnings May Not Tell The Whole Story For New Jersey Resources (NYSE:NJR)
CPK
US$123.58
Chesapeake Utilities
7D
-0.7%
1Y
4.4%
UGI
US$34.64
UGI
7D
-1.4%
1Y
39.1%
RGCO
US$22.24
RGC Resources
7D
0.04%
1Y
4.7%

RGC Resources: The Impact Of MVP

Aug 06