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U.S. Gas Utilities Industry Analysis

UpdatedApr 20, 2025
DataAggregated Company Financials
Companies15
  • 7D3.6%
  • 3M6.2%
  • 1Y21.2%
  • YTD11.1%

In the last week, the Gas Utilities industry is up 3.6%, with Atmos Energy up 4.0%. This means that the industry has gained 21% over the past year. 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
Mon, 21 Apr 2025US$73.2bUS$35.3bUS$2.5b19.4x29.2x2.1x
Wed, 19 Mar 2025US$71.7bUS$35.3bUS$2.5b19.4x28.6x2x
Fri, 14 Feb 2025US$69.9bUS$35.3bUS$2.5b19x28.3x2x
Sun, 12 Jan 2025US$64.3bUS$38.1bUS$2.3b17.8x27.7x1.7x
Tue, 10 Dec 2024US$68.7bUS$38.1bUS$2.3b18.9x29.6x1.8x
Thu, 07 Nov 2024US$64.7bUS$37.9bUS$4.8b18.4x13.4x1.7x
Sat, 05 Oct 2024US$62.0bUS$33.5bUS$4.4b17.5x14x1.9x
Mon, 02 Sep 2024US$60.5bUS$33.5bUS$4.4b17.2x13.7x1.8x
Wed, 31 Jul 2024US$58.9bUS$33.5bUS$3.1b17.6x19.2x1.8x
Fri, 28 Jun 2024US$54.1bUS$33.5bUS$3.1b15.7x17.6x1.6x
Sun, 26 May 2024US$54.4bUS$33.5bUS$3.1b15.6x17.7x1.6x
Tue, 23 Apr 2024US$54.8bUS$34.1bUS$2.2b16.8x25.3x1.6x
Thu, 21 Mar 2024US$53.9bUS$34.1bUS$2.2b16.5x24.9x1.6x
Sat, 17 Feb 2024US$52.8bUS$34.4bUS$1.8b15x29.1x1.5x
Mon, 15 Jan 2024US$57.7bUS$38.4bUS$1.5b15.8x39x1.5x
Wed, 13 Dec 2023US$56.7bUS$38.4bUS$1.5b16.2x38.4x1.5x
Fri, 10 Nov 2023US$53.7bUS$39.4bUS$1.6b14.4x34.4x1.4x
Sun, 08 Oct 2023US$50.0bUS$37.5bUS$684.8m16.9x73x1.3x
Tue, 05 Sep 2023US$52.9bUS$37.5bUS$684.8m18x77.3x1.4x
Thu, 03 Aug 2023US$54.6bUS$38.4bUS$1.5b19.5x37.3x1.4x
Sat, 01 Jul 2023US$54.1bUS$38.4bUS$1.5b18.9x36.5x1.4x
Mon, 29 May 2023US$54.3bUS$38.4bUS$1.5b19.8x36.6x1.4x
Wed, 26 Apr 2023US$57.0bUS$38.5bUS$2.4b20.2x24.1x1.5x
Fri, 24 Mar 2023US$54.2bUS$38.5bUS$2.4b18.8x22.9x1.4x
Sun, 19 Feb 2023US$58.4bUS$37.8bUS$2.7b21x21.6x1.5x
Tue, 17 Jan 2023US$58.4bUS$36.7bUS$3.4b20.3x17x1.6x
Thu, 15 Dec 2022US$58.4bUS$36.7bUS$3.4b19.8x17x1.6x
Sat, 12 Nov 2022US$55.9bUS$35.8bUS$3.7b20x15.2x1.6x
Mon, 10 Oct 2022US$51.3bUS$35.0bUS$3.6b18x14.1x1.5x
Wed, 07 Sep 2022US$58.1bUS$35.0bUS$3.6b20.2x16x1.7x
Fri, 05 Aug 2022US$59.2bUS$34.1bUS$3.5b21.6x16.8x1.7x
Sun, 03 Jul 2022US$59.7bUS$32.9bUS$3.6b22.1x16.8x1.8x
Tue, 31 May 2022US$62.3bUS$32.9bUS$3.6b22.7x17.5x1.9x
Thu, 28 Apr 2022US$58.5bUS$30.4bUS$3.1b22.6x19x1.9x
Price to Earnings Ratio

19x


Total Market Cap: US$58.5bTotal Earnings: US$3.1bTotal Revenue: US$30.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Gas Utilities Industry Price to Earnings3Y Average 27.9x202320242025
Current Industry PE
  • Investors are relatively neutral on the American Gas Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 27.9x.
  • The 3-year average PS ratio of 1.6x 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 6.7% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.1% 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 Trends

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

US Market-1.11%
Utilities1.97%
Gas Utilities3.62%
Gas Utilities3.62%
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
ATO Atmos EnergyUS$157.544.0%
+US$961.9m		34.4%PE23.1x
UGI UGIUS$33.155.2%
+US$350.1m		28.8%PE12.9x
NFG National Fuel GasUS$78.953.3%
+US$225.5m		47.8%PS3.6x
NJR New Jersey ResourcesUS$49.744.0%
+US$192.6m		14.7%PE15x
SWX Southwest Gas HoldingsUS$73.613.5%
+US$181.1m		0.2%PE26.6x
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Latest News

NJR

US$49.74

New Jersey Resources

7D

4.0%

1Y

14.7%

UGI

US$33.15

UGI

7D

5.2%

1Y

28.8%

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SR

US$77.60

Spire

7D

3.4%

1Y

27.4%

NFG

US$78.95

National Fuel Gas

7D

3.3%

1Y

47.8%

OGS

US$77.49

ONE Gas

7D

3.3%

1Y

20.3%

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Apr 08

SWX

US$73.61

Southwest Gas Holdings

7D

3.5%

1Y

0.2%

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Apr 07

ATO

US$157.54

Atmos Energy

7D

4.0%

1Y

34.4%

RGCO

US$21.09

RGC Resources

7D

-4.6%

1Y

9.7%

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CPK

US$135.50

Chesapeake Utilities

7D

3.3%

1Y

29.3%