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NatGas '25: Regulated Utilities
5 tickers · $219.67B total market cap
Group: NatGas
The theme benefits from a structural shift to a demand-pull natural gas market, driven by surging LNG exports and inelastic AI data center electricity needs. This confluence will lead to structurally higher natural gas prices, benefiting regulated utilities involved in power generation and transmission. The bull case is more compelling.
NatGas '25: Regulated Utilities tracks 5 publicly listed stocks in this theme: AEP, DTE, ETR, EXC, FE. 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 |
|---|---|---|---|---|---|---|---|---|
American Electric Power Company, Inc.AEP | 05/05/2026 (BMO) | 05/05/2026 (BMO) | 6.29% | -1.56% | 2.89% | -2.04% | $69.47B | 20.0000 |
Entergy CorporationETR | 04/29/2026 (BMO) | 04/29/2026 (BMO) | 4.86% | 4.20% | 7.12% | -5.73% | $50.17B | 20.0000 |
Exelon CorporationEXC | 05/06/2026 (BMO) | 05/06/2026 (BMO) | 9.07% | -3.83% | -4.74% | 0.47% | $44.99B | 20.0000 |
DTE Energy CompanyDTE | 04/30/2026 (BMO) | 04/30/2026 (BMO) | -1.60% | 1.20% | 3.09% | -3.75% | $29.40B | 20.0000 |
FirstEnergy Corp.FE | 04/28/2026 (AMC) | 04/28/2026 (AMC) | 0.45% | -1.01% | 0.02% | -7.91% | $25.64B | 20.0000 |
| Average | 3.81% | -0.20% | 1.67% | -3.79% | $43.93B | 20.0000 | ||
| Median | 4.86% | -1.01% | 2.89% | -3.75% | $44.99B | 20.0000 | ||
| Std Dev | 3.89% | 2.72% | 3.92% | 2.90% | $15.74B | 0.0% | ||
| Min | -1.60% | -3.83% | -4.74% | -7.91% | $25.64B | 20.0000 | ||
| Max | 9.07% | 4.20% | 7.12% | 0.47% | $69.47B | 20.0000 | ||
| % Positive Tickers | 80.00% | 40.00% | 80.00% | 20.00% |
* 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%.