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U.S. Gas Utilities Industry Analysis

UpdatedSep 02, 2026
DataAggregated Company Financials
Companies15
  • 7D-0.2%
  • 3M1.9%
  • 1Y5.1%
  • YTD1.1%

Over the last 7 days, the Gas Utilities industry has remained flat, although notably Brookfield Infrastructure declined by 5.7%. As for the the longer term, the industry is up 5.1% over the past 12 months. Looking forward, earnings are forecast to grow by 9.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 03 Sep 2026US$81.9bUS$34.9bUS$4.3b16.5x19.1x2.3x
Sat, 01 Aug 2026US$83.4bUS$34.8bUS$4.2b16.8x20.1x2.4x
Mon, 29 Jun 2026US$82.9bUS$34.7bUS$3.8b17.4x22x2.4x
Wed, 27 May 2026US$84.6bUS$34.7bUS$3.8b17.1x22.4x2.4x
Fri, 24 Apr 2026US$85.3bUS$34.8bUS$4.0b19.9x21.2x2.4x
Sun, 22 Mar 2026US$84.2bUS$34.8bUS$4.0b18.9x20.9x2.4x
Tue, 17 Feb 2026US$86.2bUS$37.4bUS$4.0b20.1x21.6x2.3x
Thu, 15 Jan 2026US$79.1bUS$36.8bUS$3.9b18.3x20.2x2.2x
Sat, 13 Dec 2025US$79.0bUS$36.8bUS$3.9b18.1x20.1x2.1x
Mon, 10 Nov 2025US$80.2bUS$36.8bUS$3.7b19.3x21.7x2.2x
Wed, 08 Oct 2025US$78.5bUS$36.7bUS$2.3b18.1x34x2.1x
Fri, 05 Sep 2025US$75.4bUS$36.7bUS$2.3b17.7x32.6x2.1x
Sun, 03 Aug 2025US$73.7bUS$36.4bUS$2.4b17.9x30.7x2x
Tue, 01 Jul 2025US$72.8bUS$36.4bUS$3.2b17.7x23x2x
Thu, 29 May 2025US$73.6bUS$36.4bUS$3.2b18.1x23.2x2x
Sat, 26 Apr 2025US$73.6bUS$35.3bUS$2.5b19.2x29.4x2.1x
Mon, 24 Mar 2025US$71.1bUS$35.3bUS$2.5b19.3x28.4x2x
Wed, 19 Feb 2025US$70.1bUS$35.3bUS$2.5b19x28.4x2x
Fri, 17 Jan 2025US$66.4bUS$38.1bUS$2.3b19x28.6x1.7x
Sun, 15 Dec 2024US$67.6bUS$38.1bUS$2.3b18.4x29.1x1.8x
Tue, 12 Nov 2024US$66.9bUS$38.2bUS$2.7b19.5x24.8x1.7x
Thu, 10 Oct 2024US$61.5bUS$33.5bUS$4.4b17x13.9x1.8x
Sat, 07 Sep 2024US$59.6bUS$33.5bUS$4.4b16.9x13.5x1.8x
Mon, 05 Aug 2024US$59.2bUS$33.9bUS$3.7b17x16x1.8x
Wed, 03 Jul 2024US$53.8bUS$33.5bUS$3.1b15.8x17.5x1.6x
Fri, 31 May 2024US$54.4bUS$33.5bUS$3.1b15.8x17.7x1.6x
Sun, 28 Apr 2024US$54.9bUS$34.1bUS$2.2b16.9x25.4x1.6x
Tue, 26 Mar 2024US$54.2bUS$34.1bUS$2.2b16.3x25x1.6x
Thu, 22 Feb 2024US$53.0bUS$34.4bUS$1.8b14.7x29.3x1.5x
Sat, 20 Jan 2024US$56.0bUS$38.4bUS$1.5b15.4x37.8x1.5x
Mon, 18 Dec 2023US$57.7bUS$38.4bUS$1.5b16.2x39.1x1.5x
Wed, 15 Nov 2023US$53.6bUS$39.4bUS$1.6b14.9x33.6x1.4x
Fri, 13 Oct 2023US$51.2bUS$37.5bUS$684.8m17.1x74.7x1.4x
Sun, 10 Sep 2023US$52.2bUS$37.5bUS$684.8m18.2x76.3x1.4x
Price to Earnings Ratio

76.3x


Total Market Cap: US$52.2bTotal 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 27.4x202420252026
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 19.1x which is lower than its 3-year average PE of 27.5x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.3x.
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 Market-0.92%
Utilities-1.67%
Gas Utilities-0.21%
Gas Utilities-0.21%
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
No data available

Latest News

MDU
US$19.81
MDU Resources Group
7D
-2.4%
1Y
22.7%
Seeking Alpha • 13h

Bakken Project Adding Promise For MDU Resources (Rating Upgrade)

Summary MDU Resources Group is upgraded to a cautious Buy, supported by regulatory wins, renewable investments, and pipeline project momentum. MDU delivered higher net income despite revenue declines, reaffirming FY 2026 EPS guidance of $0.93–$1.00 and targeting 6–8% long-term EPS growth. Recent regulatory outcomes, a 3.6% dividend hike, and progress on the Bakken East pipeline underpin MDU's improved outlook. Key risks include regulatory uncertainties, Bakken East project approval, rising interest expense, and weather-driven demand volatility. Read the full article on Seeking Alpha
UGI
US$37.90
UGI
7D
-1.4%
1Y
11.5%
Seeking Alpha • Aug 25

UGI: A KKR Buyout Is Needed To Save The Bull Case After Disappointing Results

Summary Previously, I believed UGI Corporation would re-rate back to $50/share, but with the recent earnings miss, I believe the timeline to that recovery will be longer. I no longer believe that the turnaround at AmeriGas is imminent and believe they could continue losing customers. Longer term, I still believe the company is undervalued, and a potential buyout in the $40s could realize this sooner. UGI CEO Bob Flexon has previously overseen business sales, and I believe the rumored offer from KKR is credible. Read the full article on Seeking Alpha
BIPC
US$36.61
Brookfield Infrastructure
7D
-7.5%
1Y
-6.9%
ATO
US$167.68
Atmos Energy
7D
-1.1%
1Y
1.5%
OGS
US$79.95
ONE Gas
7D
-1.4%
1Y
6.0%
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
CPK
US$130.86
Chesapeake Utilities
7D
-2.5%
1Y
6.3%
SWX
US$89.14
Southwest Gas Holdings
7D
-1.6%
1Y
12.4%
NJR
US$53.64
New Jersey Resources
7D
-1.6%
1Y
14.5%