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U.S. Gas Utilities Industry Analysis

UpdatedAug 15, 2026
DataAggregated Company Financials
Companies15
  • 7D0.9%
  • 3M-1.0%
  • 1Y6.1%
  • YTD2.0%

Over the last 7 days, the Gas Utilities industry has remained flat, although notably UGI gained 3.5%. As for the the longer term, the industry is up 6.1% over the past 12 months. Earnings are forecast to grow by 9.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 15 Aug 2026US$82.9bUS$34.9bUS$4.3b17x19.3x2.4x
Mon, 13 Jul 2026US$83.2bUS$34.7bUS$3.8b17.3x22.1x2.4x
Wed, 10 Jun 2026US$80.5bUS$34.7bUS$3.8b17x21.4x2.3x
Fri, 08 May 2026US$86.0bUS$34.6bUS$3.6b18.3x24x2.5x
Sun, 05 Apr 2026US$87.9bUS$34.8bUS$4.0b20x21.9x2.5x
Tue, 03 Mar 2026US$88.0bUS$34.8bUS$4.0b19.5x21.9x2.5x
Thu, 29 Jan 2026US$81.3bUS$36.8bUS$3.9b18.4x20.7x2.2x
Sat, 27 Dec 2025US$79.5bUS$36.8bUS$3.9b18.3x20.3x2.2x
Mon, 24 Nov 2025US$81.1bUS$36.8bUS$3.9b19.5x20.7x2.2x
Wed, 22 Oct 2025US$80.5bUS$36.7bUS$2.3b19x34.8x2.2x
Fri, 19 Sep 2025US$75.3bUS$36.7bUS$2.3b17.2x32.6x2.1x
Sun, 17 Aug 2025US$75.8bUS$36.7bUS$2.3b18.1x32.8x2.1x
Tue, 15 Jul 2025US$73.3bUS$36.4bUS$3.2b18.2x23.1x2x
Thu, 12 Jun 2025US$72.7bUS$36.4bUS$3.2b18.2x22.9x2x
Sat, 10 May 2025US$74.9bUS$36.7bUS$3.2b18.6x23.7x2x
Mon, 07 Apr 2025US$69.3bUS$35.3bUS$2.5b18.8x27.7x2x
Wed, 05 Mar 2025US$72.9bUS$35.3bUS$2.5b19.2x29.1x2.1x
Fri, 31 Jan 2025US$67.1bUS$38.2bUS$2.3b18.6x29x1.8x
Sun, 29 Dec 2024US$66.0bUS$38.1bUS$2.3b18.2x28.4x1.7x
Tue, 26 Nov 2024US$71.6bUS$38.1bUS$2.3b21.7x31.4x1.9x
Thu, 24 Oct 2024US$63.5bUS$33.5bUS$4.4b18x14.3x1.9x
Sat, 21 Sep 2024US$62.2bUS$33.5bUS$4.4b17.8x14x1.9x
Mon, 19 Aug 2024US$59.3bUS$33.5bUS$4.4b16.9x13.4x1.8x
Wed, 17 Jul 2024US$56.5bUS$33.5bUS$3.1b17.1x18.4x1.7x
Fri, 14 Jun 2024US$54.1bUS$33.5bUS$3.1b15.4x17.6x1.6x
Sun, 12 May 2024US$56.0bUS$33.5bUS$3.1b16.1x18.3x1.7x
Tue, 09 Apr 2024US$54.7bUS$34.1bUS$2.2b16.7x25.3x1.6x
Thu, 07 Mar 2024US$53.8bUS$34.1bUS$2.2b16.1x24.9x1.6x
Sat, 03 Feb 2024US$57.2bUS$38.1bUS$1.7b16.5x33.1x1.5x
Mon, 01 Jan 2024US$58.6bUS$38.4bUS$1.5b16.4x39.6x1.5x
Wed, 29 Nov 2023US$55.6bUS$38.4bUS$1.5b15.8x38.3x1.4x
Fri, 27 Oct 2023US$49.7bUS$37.5bUS$684.8m15.8x72.6x1.3x
Sun, 24 Sep 2023US$52.0bUS$37.5bUS$684.8m18.4x76x1.4x
Tue, 22 Aug 2023US$53.1bUS$37.5bUS$684.8m18.3x77.5x1.4x
Price to Earnings Ratio

77.5x


Total Market Cap: US$53.1bTotal Earnings: US$684.8mTotal Revenue: US$37.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Gas Utilities Industry Price to Earnings3Y Average 28.4x202420252026
Current Industry PE
  • Investors are pessimistic on the American Gas Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 19.3x which is lower than its 3-year average PE of 28.4x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Gas Utilities industry have grown 84% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.3% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

US Market0.58%
Utilities1.35%
Gas Utilities0.87%
Gas Utilities0.87%
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
UGI UGIUS$35.373.5%
+US$255.2m		0.4%PE11.3x
NFG National Fuel GasUS$81.921.7%
+US$131.2m		-6.2%PE11.5x
BIPC Brookfield InfrastructureUS$40.442.5%
+US$120.5m		4.4%PS1.3x
NJR New Jersey ResourcesUS$55.601.1%
+US$58.9m		18.4%PE15.4x
SR SpireUS$82.841.1%
+US$51.4m		9.3%PE18.2x

Latest News

UGI
US$35.37
UGI
7D
3.5%
1Y
0.4%
ATO
US$169.92
Atmos Energy
7D
-0.2%
1Y
2.8%
BIPC
US$40.44
Brookfield Infrastructure
7D
2.5%
1Y
4.4%
OGS
US$80.98
ONE Gas
7D
0.9%
1Y
7.1%
Seeking Alpha • Aug 11

Based On Its Current Valuation And Outlook, ONE Gas Looks More Compelling (Rating Upgrade)

Summary ONE Gas is upgraded to Buy following a strong Q2 2026, with earnings and revenue beating expectations and guidance raised for the full year. ONE Gas benefits from recent rate increases across all three states, driving operating income growth despite lower revenues. ONE Gas trades at a 16.4x PE, below peers, with continued regulatory wins and constructive rate environments supporting its growth outlook. Natural gas continues to trade at a relatively low price compared to electricity, making it a more appealing option for cost-conscious consumers and businesses. Read the full article on Seeking Alpha
NFG
US$81.92
National Fuel Gas
7D
1.7%
1Y
-6.2%
CPK
US$135.10
Chesapeake Utilities
7D
0.9%
1Y
8.4%
SWX
US$92.60
Southwest Gas Holdings
7D
0.6%
1Y
19.5%
SR
US$82.84
Spire
7D
1.1%
1Y
9.3%
Analysis Article • Aug 08

Earnings Beat: Spire Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

It's been a good week for Spire Inc. ( NYSE:SR ) shareholders, because the company has just released its latest...
RGCO
US$21.54
RGC Resources
7D
-1.5%
1Y
0.6%
NJR
US$55.60
New Jersey Resources
7D
1.1%
1Y
18.4%