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NatGas '25: LNG Infra
7 tickers · $128.06B total market cap
Group: NatGas
The theme is bullish, driven by extraordinary demand from surging LNG exports and the massive buildout of AI data centers requiring reliable power. This confluence creates a demand-pull market, necessitating structurally higher natural gas prices to incentivize supply from increasingly price-sensitive basins, despite new regulatory hurdles for LNG exports.
NatGas '25: LNG Infra tracks 7 publicly listed stocks in this theme: CQP, FLNG, GLNG, LNG, NEXT, NFE, VG. 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 |
|---|---|---|---|---|---|---|---|---|
Cheniere Energy, Inc.LNG | 05/07/2026 (BMO) | 05/07/2026 (BMO) | 6.82% | -8.15% | 10.64% | 3.01% | $52.06B | 14.2857 |
Venture Global, Inc.VG | 05/12/2026 | 05/12/2026 | -1.93% | 11.88% | 18.91% | 13.62% | $34.82B | 14.2857 |
Cheniere Energy Partners, L.P.CQP | 05/07/2026 (BMO) | 05/07/2026 (BMO) | 4.27% | -1.31% | 3.10% | 2.21% | $31.14B | 14.2857 |
Golar LNG LimitedGLNG | 02/25/2026 | 05/20/2026 | 3.16% | — | 28.73% | — | $5.78B | 14.2857 |
NextDecade CorporationNEXT | 05/01/2026 (AMC) | 05/01/2026 (AMC) | 5.70% | 0.00% | 32.04% | 14.56% | $2.32B | 14.2857 |
FLEX LNG Ltd.FLNG | 05/13/2026 (AMC) | 05/13/2026 (AMC) | -0.12% | -3.28% | 21.85% | 2.18% | $1.75B | 14.2857 |
New Fortress Energy Inc.NFE | 05/13/2026 (BMO) | 05/13/2026 (BMO) | -17.12% | -4.16% | -40.41% | -11.20% | $188.6M | 14.2857 |
| Average | 0.11% | -0.84% | 10.69% | 4.06% | $18.29B | 14.2857 | ||
| Median | 3.16% | -2.30% | 18.91% | 2.61% | $5.78B | 14.2857 | ||
| Std Dev | 7.60% | 6.23% | 22.81% | 8.59% | $19.24B | 0.0% | ||
| Min | -17.12% | -8.15% | -40.41% | -11.20% | $188.6M | 14.2857 | ||
| Max | 6.82% | 11.88% | 32.04% | 14.56% | $52.06B | 14.2857 | ||
| % Positive Tickers | 57.14% | 16.67% | 85.71% | 83.33% |
* 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%.