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U.S. Gas Utilities Industry Analysis

UpdatedJun 21, 2025
DataAggregated Company Financials
Companies15
  • 7D0.6%
  • 3M2.2%
  • 1Y21.6%
  • YTDn/a

Over the last 7 days, the Gas Utilities industry has remained flat, although notably Southwest Gas Holdings gained 3.2%. As for the the longer term, the industry is up 21% over the past 12 months. Looking forward, 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
Sat, 21 Jun 2025US$72.5bUS$36.4bUS$3.2b17.3x22.9x2x
Mon, 19 May 2025US$73.2bUS$36.4bUS$3.2b18.3x23.1x2x
Wed, 16 Apr 2025US$72.0bUS$35.3bUS$2.5b19.2x28.7x2x
Fri, 14 Mar 2025US$70.0bUS$35.3bUS$2.5b18.8x27.9x2x
Sun, 09 Feb 2025US$69.0bUS$35.3bUS$2.5b18.6x28x2x
Tue, 07 Jan 2025US$66.3bUS$38.1bUS$2.3b17.7x28.5x1.7x
Thu, 05 Dec 2024US$70.7bUS$38.2bUS$2.3b19.6x30.3x1.9x
Sat, 02 Nov 2024US$61.6bUS$33.5bUS$4.4b17x13.9x1.8x
Mon, 30 Sep 2024US$62.7bUS$33.5bUS$4.4b18.3x14.2x1.9x
Wed, 28 Aug 2024US$60.4bUS$33.5bUS$4.4b16.9x13.6x1.8x
Fri, 26 Jul 2024US$58.4bUS$33.5bUS$3.1b17.3x19x1.7x
Sun, 23 Jun 2024US$53.9bUS$33.5bUS$3.1b15.3x17.6x1.6x
Tue, 21 May 2024US$56.4bUS$33.5bUS$3.1b16.2x18.4x1.7x
Thu, 18 Apr 2024US$52.9bUS$34.1bUS$2.2b16.1x24.5x1.6x
Sat, 16 Mar 2024US$53.5bUS$34.1bUS$2.2b16.9x24.7x1.6x
Mon, 12 Feb 2024US$52.0bUS$34.4bUS$1.8b15.1x28.7x1.5x
Wed, 10 Jan 2024US$58.8bUS$38.4bUS$1.5b16.2x39.7x1.5x
Fri, 08 Dec 2023US$57.1bUS$38.4bUS$1.5b16.8x38.6x1.5x
Sun, 05 Nov 2023US$55.4bUS$39.5bUS$1.5b15x36.9x1.4x
Tue, 03 Oct 2023US$50.1bUS$37.5bUS$684.8m16.5x73.2x1.3x
Thu, 31 Aug 2023US$52.9bUS$37.5bUS$684.8m18.1x77.3x1.4x
Sat, 29 Jul 2023US$54.9bUS$38.4bUS$1.5b19.5x37x1.4x
Mon, 26 Jun 2023US$53.2bUS$38.4bUS$1.5b18.8x35.9x1.4x
Wed, 24 May 2023US$55.0bUS$38.4bUS$1.5b20.1x37.1x1.4x
Fri, 21 Apr 2023US$57.3bUS$38.5bUS$2.4b20.2x24.2x1.5x
Sun, 19 Mar 2023US$56.8bUS$38.5bUS$2.4b19.9x24x1.5x
Tue, 14 Feb 2023US$58.7bUS$37.8bUS$2.7b21x21.7x1.6x
Thu, 12 Jan 2023US$58.6bUS$36.7bUS$3.4b20.3x17.1x1.6x
Sat, 10 Dec 2022US$57.8bUS$36.7bUS$3.4b19.4x16.8x1.6x
Mon, 07 Nov 2022US$54.7bUS$35.4bUS$3.7b19.8x14.8x1.5x
Wed, 05 Oct 2022US$54.1bUS$35.0bUS$3.6b19.1x14.8x1.5x
Fri, 02 Sep 2022US$58.3bUS$35.0bUS$3.6b20.3x16x1.7x
Sun, 31 Jul 2022US$61.8bUS$32.9bUS$3.6b23.3x17.4x1.9x
Tue, 28 Jun 2022US$58.6bUS$32.9bUS$3.6b21.2x16.5x1.8x
Price to Earnings Ratio

16.5x


Total Market Cap: US$58.6bTotal Earnings: US$3.6bTotal Revenue: US$32.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Gas Utilities Industry Price to Earnings3Y Average 28.3x202320242025
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 22.9x which is lower than its 3-year average PE of 28.3x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Gas Utilities industry have declined 3.8% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.4% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does U.S. Gas Utilities compare with similar industries?

US Market0.00049%
Utilities-0.80%
Gas Utilities0.56%
Gas Utilities0.56%
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$73.863.1%
+US$161.1m		0.4%PE23.6x
NFG National Fuel GasUS$85.691.8%
+US$139.1m		56.9%PE195.7x
ATO Atmos EnergyUS$153.560.4%
+US$90.5m		32.0%PE21.5x
SR SpireUS$72.870.8%
+US$36.0m		24.4%PE18.1x
UGI UGIUS$36.320.3%
+US$25.7m		59.6%PE14.6x

Latest News

SWX
US$73.86
Southwest Gas Holdings
7D
3.1%
1Y
0.4%

Southwest Gas Holdings (NYSE:SWX) Will Pay A Dividend Of $0.62

Jun 18
Southwest Gas Holdings (NYSE:SWX) Will Pay A Dividend Of $0.62
NJR
US$44.29
New Jersey Resources
7D
-0.8%
1Y
5.3%

New Jersey Resources: Undervalued Growth In A Defensive Utility Sector

Jun 17
NFG
US$85.69
National Fuel Gas
7D
1.8%
1Y
56.9%

National Fuel Gas (NYSE:NFG) Will Pay A Larger Dividend Than Last Year At $0.535

Jun 16
National Fuel Gas (NYSE:NFG) Will Pay A Larger Dividend Than Last Year At $0.535
UGI
US$36.32
UGI
7D
0.3%
1Y
59.6%
CPK
US$120.29
Chesapeake Utilities
7D
0.8%
1Y
14.5%
MDU
US$15.99
MDU Resources Group
7D
-2.2%
1Y
-36.7%
SR
US$72.87
Spire
7D
0.8%
1Y
24.4%
ATO
US$153.56
Atmos Energy
7D
0.4%
1Y
32.0%

Atmos Energy Corporation's (NYSE:ATO) Share Price Could Signal Some Risk

May 29
Atmos Energy Corporation's (NYSE:ATO) Share Price Could Signal Some Risk
NWN
US$39.62
Northwest Natural Holding
7D
-0.3%
1Y
13.4%
BIPC
US$40.77
Brookfield Infrastructure
7D
-0.7%
1Y
20.8%
OGS
US$72.08
ONE Gas
7D
-0.7%
1Y
19.9%

We Think Some Shareholders May Hesitate To Increase ONE Gas, Inc.'s (NYSE:OGS) CEO Compensation

May 16
We Think Some Shareholders May Hesitate To Increase ONE Gas, Inc.'s (NYSE:OGS) CEO Compensation
RGCO
US$20.34
RGC Resources
7D
0.3%
1Y
3.1%

RGC Resources' (NASDAQ:RGCO) Dividend Will Be $0.2075

May 03
RGC Resources' (NASDAQ:RGCO) Dividend Will Be $0.2075