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U.S. Gas Utilities Industry Analysis

UpdatedMay 11, 2025
DataAggregated Company Financials
Companies15
  • 7D-0.7%
  • 3M7.3%
  • 1Y19.9%
  • YTD12.6%

The Gas Utilities is pretty flat in the last 7 days, but UGI has stood out, gaining 4.6%. As for the the longer term, the industry is up 20% over the past 12 months. 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, 12 May 2025US$74.3bUS$36.7bUS$3.2b18.6x23.5x2x
Wed, 09 Apr 2025US$68.0bUS$35.3bUS$2.5b18.7x27.1x1.9x
Fri, 07 Mar 2025US$71.2bUS$35.3bUS$2.5b18.9x28.4x2x
Sun, 02 Feb 2025US$68.4bUS$38.2bUS$2.3b18.5x29.6x1.8x
Tue, 31 Dec 2024US$66.0bUS$38.1bUS$2.3b18.1x28.4x1.7x
Thu, 28 Nov 2024US$71.9bUS$38.2bUS$2.3b20.3x30.8x1.9x
Sat, 26 Oct 2024US$63.5bUS$33.5bUS$4.4b17.7x14.3x1.9x
Mon, 23 Sep 2024US$62.1bUS$33.5bUS$4.4b17.8x14x1.9x
Wed, 21 Aug 2024US$59.5bUS$33.5bUS$4.4b16.8x13.4x1.8x
Fri, 19 Jul 2024US$58.6bUS$33.5bUS$3.1b17x19.1x1.7x
Sun, 16 Jun 2024US$53.9bUS$33.5bUS$3.1b15.4x17.6x1.6x
Tue, 14 May 2024US$55.6bUS$33.5bUS$3.1b16x18.1x1.7x
Thu, 11 Apr 2024US$55.0bUS$34.1bUS$2.2b16.3x25.4x1.6x
Sat, 09 Mar 2024US$54.7bUS$34.1bUS$2.2b16.4x25.3x1.6x
Mon, 05 Feb 2024US$57.2bUS$38.1bUS$1.7b16.5x33.1x1.5x
Wed, 03 Jan 2024US$59.1bUS$38.4bUS$1.5b16.7x40x1.5x
Fri, 01 Dec 2023US$55.4bUS$38.4bUS$1.5b15.6x38.1x1.4x
Sun, 29 Oct 2023US$48.9bUS$37.5bUS$684.8m15.4x71.4x1.3x
Tue, 26 Sep 2023US$52.1bUS$37.5bUS$684.8m18.3x76x1.4x
Thu, 24 Aug 2023US$52.9bUS$37.5bUS$684.8m18.4x77.2x1.4x
Sat, 22 Jul 2023US$55.5bUS$38.4bUS$1.5b19.8x37.4x1.4x
Mon, 19 Jun 2023US$54.8bUS$38.4bUS$1.5b19.2x36.9x1.4x
Wed, 17 May 2023US$54.1bUS$38.4bUS$1.5b19.4x36.5x1.4x
Fri, 14 Apr 2023US$57.5bUS$38.5bUS$2.4b20.2x24.3x1.5x
Sun, 12 Mar 2023US$55.2bUS$38.5bUS$2.4b19x23.3x1.4x
Tue, 07 Feb 2023US$59.0bUS$37.3bUS$2.7b21.4x22x1.6x
Thu, 05 Jan 2023US$56.7bUS$36.7bUS$3.4b19.4x16.5x1.5x
Sat, 03 Dec 2022US$57.1bUS$36.6bUS$3.5b18.3x16.5x1.6x
Mon, 31 Oct 2022US$55.9bUS$35.0bUS$3.6b19.9x15.3x1.6x
Wed, 28 Sep 2022US$53.6bUS$35.0bUS$3.6b18.9x14.7x1.5x
Fri, 26 Aug 2022US$59.8bUS$35.0bUS$3.6b20.8x16.4x1.7x
Sun, 24 Jul 2022US$58.5bUS$32.9bUS$3.6b21.7x16.4x1.8x
Tue, 21 Jun 2022US$55.6bUS$32.9bUS$3.6b20x15.6x1.7x
Thu, 19 May 2022US$60.2bUS$32.9bUS$3.6b22.5x16.9x1.8x
Price to Earnings Ratio

16.9x


Total Market Cap: US$60.2bTotal 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 28.1x202320242025
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 23.5x which is lower than its 3-year average PE of 28.1x.
  • 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 3.9% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.7% 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-0.26%
Utilities0.46%
Gas Utilities-0.67%
Gas Utilities-0.67%
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$35.004.6%
+US$320.0m		40.5%PE14.1x
SWX Southwest Gas HoldingsUS$75.683.6%
+US$189.7m		-0.2%PE27.3x
BIPC Brookfield InfrastructureUS$38.841.4%
+US$63.1m		11.8%PS1.3x
RGCO RGC ResourcesUS$21.793.8%
+US$8.5m		6.6%PE17x
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Latest News

ATO

US$159.86

Atmos Energy

7D

-1.0%

1Y

37.4%

CPK

US$126.83

Chesapeake Utilities

7D

-4.5%

1Y

13.5%

UGI

US$35.00

UGI

7D

4.6%

1Y

40.5%

MDU

US$17.37

MDU Resources Group

7D

-0.2%

1Y

-31.3%

OGS

US$77.04

ONE Gas

7D

-1.5%

1Y

20.7%

Earnings Update: ONE Gas, Inc. Beat Earnings And Now Analysts Have New Forecasts For This Year

May 09
Earnings Update: ONE Gas, Inc. Beat Earnings And Now Analysts Have New Forecasts For This Year

SWX

US$75.68

Southwest Gas Holdings

7D

3.6%

1Y

-0.2%

NJR

US$47.28

New Jersey Resources

7D

-4.5%

1Y

6.7%

NWN

US$42.83

Northwest Natural Holding

7D

-1.7%

1Y

11.3%

RGCO

US$21.79

RGC Resources

7D

3.8%

1Y

6.6%

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

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

BIPC

US$38.84

Brookfield Infrastructure

7D

1.4%

1Y

11.8%

NFG

US$82.02

National Fuel Gas

7D

-0.5%

1Y

46.2%

SR

US$74.66

Spire

7D

-2.4%

1Y

20.7%