The Regulated Gas industry today
How the Regulated Gas industry stands against its own history and against the 500 largest US companies. We do not say where it goes next.
Close of Friday 6 November 2026 · updated every trading day
12 US companies of $300 million or more · $98.9B in total
ValuationWe compare today's value with every month since 2006. The usual range holds the middle 40% of those months. The marks show the value 1 month, 1 year and 5 years ago.
Prices against profits, sales and dividends
Price to earnings (P/E)What this measures: the total market value of the companies divided by their total profit of the last 12 months. Companies that lose money count too.
How high are prices against profits?
In the usual range
Normal · in the middle of its range since 2006
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Last 10 yearsEach point is one month. The dot is today.
Price to sales (P/S)What this measures: the total market value of the companies divided by their total sales of the last 12 months.
How high are prices against sales?
Far higher than usual
High · higher than in 9 of 10 months since 2006
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Last 10 yearsEach point is one month. The dot is today.
Dividend yieldWhat this measures: the dividends of the last 12 months divided by the total market value, in percent. A low yield goes with high prices.
How much do the companies pay in dividends for their price?
Less than usual
Low · lower than in 8 of 10 months since 2006
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Last 10 yearsEach point is one month. The dot is today.
Returns
How did the industry do against the 500 largest US companies?
| Period | This industry | 500 largest | Difference |
|---|---|---|---|
| 1 month | +11.3% | −1.4% | 12.7 pts more |
| 1 year | +9.9% | +9.9% | The same |
| 5 years | +53.2% | +65.7% | 12.5 pts less |
Total returns with dividends, weighted by market value, to the close of October 2026. Past results do not show future results.
Largest companies
The three largest companies
- 01Atmos Energy CorporationATO29.6% of the industry
- 02NiSource IncNI21.4% of the industry
- 03UGI CorporationUGI8.0% of the industry
Show all 10
- 04Southwest Gas Holdings, Inc.SWX6.7% of the industry
- 05Black Hills CorporationBKH6.5% of the industry
- 06New Jersey Resources CorporationNJR5.6% of the industry
- 07Spire Inc.SR5.3% of the industry
- 08ONE Gas, Inc.OGS5.1% of the industry
- 09MDU Resources Group, Inc.MDU4.0% of the industry
- 10Chesapeake Utilities CorporationCPK3.4% of the industry
Map
Its companies among the 500 largest
The map shows the industry's companies among the 500 largest US companies: 2 of its 12 companies.
The typical companyThe median of the industry's US companies. We show a figure only when 5 or more companies have it.
The typical company in this industry
- Operating margin12 companies2420.0%
- Sales growth over 1 year12 companies71.0%
- Return on invested capital11 companies617.0%