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NatGas '25: Engineering & Construction
8 tickers · $180.81B total market cap
Group: NatGas
The natural gas market is undergoing a structural shift to demand-pull, driven by surging LNG exports and insatiable AI data center power needs. This necessitates significant engineering and construction of new infrastructure and upstream development, leading to structurally higher natural gas prices and a compelling investment outlook for the theme.
NatGas '25: Engineering & Construction tracks 8 publicly listed stocks in this theme: CENER.AT, ECG, FLR, MTZ, NKT.CO, PRIM, PWR, TE.PA. See the constituent table for details.
Thesis update: 2026-03-04
Constituents
Build 20260519T212339
| Company | Previous Quarter Report Date | Next Expected Report Date | Last Quarter Earnings Move % | Earnings Move % | Intra-Quarter Move % | Since Last Report % | Market cap | Weight |
|---|---|---|---|---|---|---|---|---|
Quanta Services, Inc.PWR | 04/30/2026 (BMO) | 04/30/2026 (BMO) | 6.42% | 18.07% | 13.74% | -3.78% | $108.50B | 12.5000 |
MasTec, Inc.MTZ | 04/30/2026 (AMC) | 04/30/2026 (AMC) | 2.78% | 12.65% | 32.22% | -7.76% | $30.47B | 12.5000 |
NKT A/SNKT.CO | 05/13/2026 (BMO) | 05/13/2026 (BMO) | 4.77% | 6.65% | 20.70% | -2.21% | $8.72B | 12.5000 |
Everus Construction Group, Inc.ECG | 05/05/2026 (AMC) | 05/05/2026 (AMC) | 17.22% | 12.08% | 37.79% | -13.54% | $7.58B | 12.5000 |
Technip Energies N.V.TE.PA | 04/30/2026 (BMO) | 04/30/2026 (BMO) | 1.23% | 0.27% | 9.00% | -12.01% | $7.32B | 12.5000 |
Fluor CorporationFLR | 05/08/2026 (BMO) | 05/08/2026 (BMO) | 11.35% | -15.21% | 0.87% | -1.80% | $6.19B | 12.5000 |
Cenergy Holdings SACENER.AT | 03/05/2025 | — | 0.79% | — | 173.08% | — | $6.13B | 12.5000 |
Primoris Services CorporationPRIM | 05/05/2026 (AMC) | 05/05/2026 (AMC) | -7.51% | -45.44% | 32.45% | 3.43% | $5.89B | 12.5000 |
| Average | 4.63% | -1.56% | 39.98% | -5.38% | $22.60B | 12.5000 | ||
| Median | 3.78% | 6.65% | 26.46% | -3.78% | $7.45B | 12.5000 | ||
| Std Dev | 6.93% | 20.55% | 51.70% | 5.60% | $33.38B | 0.0% | ||
| Min | -7.51% | -45.44% | 0.87% | -13.54% | $5.89B | 12.5000 | ||
| Max | 17.22% | 18.07% | 173.08% | 3.43% | $108.50B | 12.5000 | ||
| % Positive Tickers | 87.50% | 71.43% | 100.00% | 14.29% |
* Provisional value: before LstRpt% reaches its 2-day post-report lock window (BMO/AMC adjusted), EarningsPerf is calculated from current vs pre-report and then locks to final LstRpt%.