undamentalytics Newsletter

Gas Utilities stocks

12 US-listed companies in gas utilities, with $25.1bn of combined revenue in their latest fiscal years. UGI Corp is the largest ($7.3bn). The fastest grower with at least $100m of revenue in both years is Chesapeake Utilities Corp, up 18.1%. The median company grew 11.8% with a net margin of 9.3%.

Companies12
Combined revenue$25.1bn
Median revenue growth11.8%
Median net margin9.3%
Median return on equity9.4%
#CompanyRevenueGrowthNet marginROEFiscal year
1 UGI CorpUGI $7.3bn 1.1% 9.3% 14.9% 2025
2 Atmos EnergyATO $4.7bn 12.9% 25.5% 9.3% 2025
3 Spire IncSR $2.5bn −4.5% 11.0% 8.2% 2025
4 National Fuel GAS CoNFG $2.3bn 17.1% 22.8% 33.7% 2025
5 NEW Jersey Resources CorpNJR $2.0bn 13.4% 16.5% 14.6% 2025
6 Star Group, L.p.SGU $1.8bn 1.0% 4.1% — 2025
7 Suburban Propane Partners LPSPH $1.4bn 7.9% 7.4% — 2025
8 Northwest Natural Holding CoNWN $1.3bn 11.8% 8.8% 7.9% 2025
9 Chesapeake Utilities CorpCPK $930m 18.1% 15.1% 9.4% 2025
10 Clean Energy Fuels Corp.CLNE $425m 2.2% −52.3% −34.9% 2025
11 Opal Fuels Inc.OPAL $349m 16.3% 1.2% — 2025
12 RGC Resources IncRGCO $95m 12.6% 13.9% 12.0% 2025

Medians cover companies with at least $100m of revenue (growth: in both years). Growth is the latest fiscal year against the year before and includes acquisitions.

Other utilities industries

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.