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U.S. Gas Utilities Industry Analysis

UpdatedAug 14, 2025
DataAggregated Company Financials
Companies15
  • 7D3.2%
  • 3M5.7%
  • 1Y20.6%
  • YTD16.2%

In the last week, the Gas Utilities industry is up 3.2%, with Atmos Energy up 6.3%. This means that the industry has gained 21% over the past year. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 14 Aug 2025US$76.4bUS$36.7bUS$2.3b18.5x33.1x2.1x
Sat, 12 Jul 2025US$73.0bUS$36.4bUS$3.2b18x23.1x2x
Mon, 09 Jun 2025US$72.1bUS$36.4bUS$3.2b18.1x22.8x2x
Wed, 07 May 2025US$74.5bUS$35.6bUS$3.0b19.1x25.1x2.1x
Fri, 04 Apr 2025US$73.3bUS$35.3bUS$2.5b19.9x29.2x2.1x
Sun, 02 Mar 2025US$72.4bUS$35.3bUS$2.5b19.4x28.9x2.1x
Tue, 28 Jan 2025US$67.5bUS$38.1bUS$2.3b18.6x29x1.8x
Thu, 26 Dec 2024US$66.3bUS$38.1bUS$2.3b18.3x28.5x1.7x
Sat, 23 Nov 2024US$70.2bUS$38.3bUS$2.7b20.4x26.2x1.8x
Mon, 21 Oct 2024US$63.9bUS$33.5bUS$4.4b18.1x14.4x1.9x
Wed, 18 Sep 2024US$62.5bUS$33.5bUS$4.4b17.7x14.1x1.9x
Fri, 16 Aug 2024US$58.6bUS$33.5bUS$4.4b16.9x13.2x1.8x
Sun, 14 Jul 2024US$56.3bUS$33.5bUS$3.1b16.4x18.4x1.7x
Tue, 11 Jun 2024US$54.5bUS$33.5bUS$3.1b15.6x17.8x1.6x
Thu, 09 May 2024US$56.3bUS$33.4bUS$3.0b16x18.9x1.7x
Sat, 06 Apr 2024US$54.7bUS$34.1bUS$2.2b17x25.3x1.6x
Mon, 04 Mar 2024US$52.9bUS$34.1bUS$2.2b15.8x24.5x1.6x
Wed, 31 Jan 2024US$57.1bUS$38.4bUS$1.5b15.3x38.6x1.5x
Fri, 29 Dec 2023US$58.6bUS$38.4bUS$1.5b16.4x39.6x1.5x
Sun, 26 Nov 2023US$55.7bUS$38.4bUS$1.5b16x38.3x1.4x
Tue, 24 Oct 2023US$49.5bUS$37.5bUS$684.8m16.4x72.3x1.3x
Thu, 21 Sep 2023US$52.9bUS$37.5bUS$684.8m18.7x77.3x1.4x
Sat, 19 Aug 2023US$53.0bUS$37.5bUS$684.8m18.3x77.4x1.4x
Mon, 17 Jul 2023US$54.3bUS$38.4bUS$1.5b18.7x36.6x1.4x
Wed, 14 Jun 2023US$55.4bUS$38.4bUS$1.5b19.7x37.3x1.4x
Fri, 12 May 2023US$55.3bUS$38.4bUS$1.5b19.9x37.3x1.4x
Sun, 09 Apr 2023US$57.8bUS$38.5bUS$2.4b20.4x24.4x1.5x
Tue, 07 Mar 2023US$57.0bUS$38.5bUS$2.4b19.7x24.1x1.5x
Thu, 02 Feb 2023US$58.7bUS$36.7bUS$3.4b20.7x17.1x1.6x
Sat, 31 Dec 2022US$57.0bUS$36.7bUS$3.4b19x16.6x1.6x
Mon, 28 Nov 2022US$59.5bUS$36.6bUS$3.5b21.7x17.2x1.6x
Wed, 26 Oct 2022US$54.0bUS$35.0bUS$3.6b18.9x14.8x1.5x
Fri, 23 Sep 2022US$57.0bUS$35.0bUS$3.6b20.4x15.6x1.6x
Sun, 21 Aug 2022US$60.9bUS$35.0bUS$3.6b21.4x16.7x1.7x
Price to Earnings Ratio

16.7x


Total Market Cap: US$60.9bTotal Earnings: US$3.6bTotal Revenue: US$35.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Gas Utilities Industry Price to Earnings3Y Average 28.7x202320242025
Current Industry PE
  • Investors are optimistic on the American Gas Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 33.1x which is higher than its 3-year average PE of 28.7x.
  • The 3-year average PS ratio of 1.7x 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 14% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 Market1.92%
Utilities0.81%
Gas Utilities3.19%
Gas Utilities3.19%
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$166.986.3%
+US$1.6b		29.8%PE23.2x
SR SpireUS$77.593.7%
+US$162.9m		21.5%PE16.9x
OGS ONE GasUS$76.493.6%
+US$159.6m		15.0%PE18.5x
CPK Chesapeake UtilitiesUS$125.964.5%
+US$153.8m		10.6%PE23x
SWX Southwest Gas HoldingsUS$79.932.2%
+US$123.1m		11.1%PE29.7x

Latest News

MDU
US$16.89
MDU Resources Group
7D
-3.4%
1Y
-30.2%
NJR
US$47.66
New Jersey Resources
7D
2.5%
1Y
6.7%

Impressive Earnings May Not Tell The Whole Story For New Jersey Resources (NYSE:NJR)

Aug 13
Impressive Earnings May Not Tell The Whole Story For New Jersey Resources (NYSE:NJR)
CPK
US$125.96
Chesapeake Utilities
7D
4.5%
1Y
10.6%
ATO
US$166.98
Atmos Energy
7D
6.3%
1Y
29.8%
SWX
US$79.93
Southwest Gas Holdings
7D
2.2%
1Y
11.1%
NFG
US$88.05
National Fuel Gas
7D
1.2%
1Y
49.8%

There May Be Some Bright Spots In National Fuel Gas' (NYSE:NFG) Earnings

Aug 08
There May Be Some Bright Spots In National Fuel Gas' (NYSE:NFG) Earnings
UGI
US$35.93
UGI
7D
-0.7%
1Y
52.0%
OGS
US$76.49
ONE Gas
7D
3.6%
1Y
15.0%
BIPC
US$40.22
Brookfield Infrastructure
7D
1.8%
1Y
7.1%
SR
US$77.59
Spire
7D
3.7%
1Y
21.5%