Who are the top 5 regulated gas companies?

As of 27th October 2026, the top 5 US regulated gas companies include: Atmos Energy Corporation NiSource Inc UGI Corporation Southwest Gas Holdings Inc Black Hills Corporation Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

What is the outlook for US regulated gas stocks?

US natural gas consumption reached a record 92.0 Bcf per day in 2025, and natural gas generated about 40% of US electricity that year. Utilities continue to invest heavily in replacing older pipes, which grows the asset base on which they earn returns. Interest rates, rate case decisions and policies on electrification remain the main variables for the sector. Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

Are US regulated gas stocks risky for Indian investors?

Regulated gas stocks are generally seen as steadier than many other sectors, but they still carry risks. Their share prices are sensitive to interest rates, and earnings depend on the outcome of rate cases with state regulators. Indian investors also face currency risk, since returns and dividends are earned in US dollars.

How can I compare US regulated gas stocks on Tickertape?

You can use the Tickertape US Stock Screener to build a gas stocks list by selecting the Utilities - Regulated Gas industry and comparing companies across 60+ parameters. For utilities, it helps to look at dividend yield alongside debt levels and earnings growth, since these businesses rely on borrowing to fund network investment. Each stock page also shows price history, peers and financial trends.

Can beginners invest in US regulated gas stocks?

Beginners can invest in US regulated gas stocks from India through platforms that support US investing, after completing account opening and KYC. Lists of the best gas stocks vary by source and time period, so it can help to understand how regulation, interest rates and dividends affect these companies before comparing them. Their business model, built around regulated returns, is relatively easy to follow. Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should assess their financial goals and risk tolerance or consult a financial advisor before investing.

How to invest in US regulated gas stocks from India?

Create an account: Sign up on a platform that offers US stock investing from India. Explore regulated gas stocks: Use the US Stock Screener to find companies in the Utilities - Regulated Gas industry. Complete KYC: Submit the required identity and address documents to open your US investing account. Link a bank account: Connect an eligible Indian bank account for remittances. Add funds: Transfer money to your US Wallet under the Liberalised Remittance Scheme. Place an order: Select the regulated gas stock and place a buy order.

What are the advantages of investing in US regulated gas stocks?

Regulated gas utilities earn returns approved by state regulators, which tends to make their earnings more predictable than in many sectors. Demand for gas delivery stays fairly steady because it is used for heating and cooking year-round. Many of these companies also have long records of paying and raising dividends. Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing. What is the difference between individual US regulated gas stocks and utility-focused ETFs? An individual stock ties your return to one utility, its service area and its relationship with regulators in specific states. A utilities ETF holds many companies across gas, electric and water, spreading regulatory and regional risk. ETFs also charge an annual expense ratio, while individual stocks do not.

What metrics are commonly used to evaluate US regulated gas stocks?

Investors can use P/E and P/B ratios to compare valuations, dividend yield to assess income potential, and revenue and earnings growth to track business performance. Debt levels, interest coverage and return on equity (ROE) help evaluate financial health. For US regulated gas utilities, approved rates and infrastructure spending also influence earnings and cash flow. Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

Do US regulated gas stocks pay dividends?

Most large US gas utilities pay regular quarterly dividends, supported by their stable, regulated cash flows. Many have raised their dividends for long stretches, often in line with growth in their rate base. Payout levels and growth rates still vary by company, so checking each stock's dividend history is useful. Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

US Regulated Gas Stocks in 2026

Q: What are US regulated gas stocks?

US regulated gas stocks are shares of US-listed gas utilities that deliver natural gas to homes and businesses through local pipeline networks. State regulators approve the rates they charge, including an allowed return on the money they invest in pipes and equipment. Unlike gas producers, their earnings depend more on regulation and network investment than on the price of gas.

More than 79 million homes, businesses and industrial sites in the US receive natural gas through utility pipelines. Regulated gas utilities own and run these local distribution networks, earning returns set by state regulators on the pipes, meters and storage they build and maintain. This article explores US regulated gas stocks, the leading companies and how regulation shapes their earnings.

List of US Regulated Gas Stocks in 2026

US Regulated Gas Stocks

Explore US regulated gas stocks involved in distributing natural gas to residential, commercial and industrial customers through regulated utility networks. Analyse companies using live share price, market cap, returns, valuation, profitability and other key financial metrics.

Created by

@8260032 8260032

Showing 1 - 15 of 15 results

last updated at 2:30 AM IST

	NameUS Stocks (15)↓	↓Sub-SectorSub-Sector↓	↓Market CapMarket Cap↓	↓Close PriceClose Price↓	↓PE Ratio (TTM)PE Ratio (TTM)↓	↓1M Return1M Return↓	↓1D Return1D Return↓	↓Return on EquityReturn on Equity↓	↓PB RatioPB Ratio↓
1.	Atmos Energy Corporation ATO	Utilities - Regulated GasUtilities - Regulated Gas	28,959.5728,959.57	169.53169.53	20.4320.43	7.577.57	0.900.90	9.799.79	1.901.90
2.	NiSource Inc NI	Utilities - Regulated GasUtilities - Regulated Gas	20,908.8220,908.82	44.7544.75	23.1923.19	13.8113.81	2.012.01	8.558.55	2.182.18
3.	UGI Corporation UGI	Utilities - Regulated GasUtilities - Regulated Gas	8,421.078,421.07	38.5638.56	13.0413.04	6.676.67	0.360.36	13.2813.28	1.611.61
4.	Southwest Gas Holdings Inc SWX	Utilities - Regulated GasUtilities - Regulated Gas	6,725.876,725.87	93.1293.12	23.2123.21	13.2313.23	1.011.01	6.836.83	1.621.62
5.	Black Hills Corporation BKH	Utilities - Regulated GasUtilities - Regulated Gas	6,233.696,233.69	80.7980.79	20.5920.59	14.9714.97	0.820.82	7.967.96	1.551.55
6.	NewJersey Resources Corporation NJR	Utilities - Regulated GasUtilities - Regulated Gas	5,389.985,389.98	53.1153.11	14.7114.71	4.494.49	0.630.63	14.4514.45	2.042.04
7.	Spire Inc SR	Utilities - Regulated GasUtilities - Regulated Gas	5,086.665,086.66	86.7286.72	24.9424.94	12.9612.96	1.471.47	8.118.11	1.411.41
8.	One Gas Inc OGS	Utilities - Regulated GasUtilities - Regulated Gas	4,929.194,929.19	78.1078.10	16.8616.86	8.178.17	-0.42-0.42	8.588.58	1.391.39
9.	Brookfield Infrastructure Corp BIPC	Utilities - Regulated GasUtilities - Regulated Gas	4,552.814,552.81	36.9436.94	--	3.503.50	1.681.68	17.1617.16	37.4937.49
10.	MDU Resources Group Inc MDU	Utilities - Regulated GasUtilities - Regulated Gas	4,122.854,122.85	19.7119.71	20.8520.85	5.515.51	1.131.13	6.896.89	1.391.39
11.	Chesapeake Utilities Corporation CPK	Utilities - Regulated GasUtilities - Regulated Gas	3,400.043,400.04	133.70133.70	21.4721.47	4.334.33	1.361.36	9.479.47	2.042.04
12.	Northwest Natural Gas Co NWN	Utilities - Regulated GasUtilities - Regulated Gas	2,101.732,101.73	49.9649.96	16.5916.59	6.256.25	0.930.93	8.358.35	1.351.35
13.	Centuri Holdings, Inc.CTRI	Utilities - Regulated GasUtilities - Regulated Gas	2,083.882,083.88	20.9820.98	60.7160.71	3.153.15	2.672.67	4.034.03	2.342.34
14.	RGC Resources Inc RGCO	Utilities - Regulated GasUtilities - Regulated Gas	236.63236.63	22.8922.89	16.9516.95	6.326.32	1.281.28	11.6911.69	1.931.93
15.	Suburban Propane Partners LP SPH	Utilities - Regulated GasUtilities - Regulated Gas	--	20.2620.26	10.0810.08	7.257.25	--	--	2.152.15

Edit Filters

Analyse US regulated gas stocks further

Visit 'US Regulated Gas Stocks' Screener

Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape US Stock Screener and is subject to real-time updates.

Overviews of Top US Regulated Gas Stocks

Atmos Energy Corporation

Atmos Energy is a natural gas-only distributor serving about 3.4 million customers across eight states, mostly in the South. It also runs a pipeline and storage business in Texas. Its roots go back to 1906 in the Texas Panhandle, and the Atmos Energy name was adopted in 1988. The company is based in Dallas.

NiSource Inc

NiSource began in 1912 as Northern Indiana Public Service Company. Today it delivers natural gas to about 3.3 million customers in six states under the Columbia Gas and NIPSCO brands, and supplies electricity to around 500,000 customers in northern Indiana. The company grew into a multi-state utility after merging with Columbia Energy Group in 2000.

UGI Corporation

Founded in 1882 as United Gas Improvement Company, UGI is one of the oldest energy businesses in the US. It runs a regulated gas utility in Pennsylvania, sells propane across all 50 states through AmeriGas, and distributes liquefied petroleum gas in Europe. It also has a midstream and energy marketing business. The company is based in King of Prussia, Pennsylvania.

Southwest Gas Holdings Inc

Southwest Gas delivers natural gas to about 2.3 million customers in Arizona, Nevada and California. It started in 1931 in Barstow, California, as a small gas distributor. In 2025, it completed its exit from Centuri, its former utility services arm, leaving a business focused fully on gas distribution. The company is headquartered in Las Vegas.

Black Hills Corporation

With roots in an 1883 electric company in Deadwood, South Dakota, Black Hills was incorporated in 1941. Today it serves about 1.1 million natural gas customers and around 227,000 electric customers across eight states. In 2025, it agreed to combine with NorthWestern Energy in an all-stock deal, which was awaiting final regulatory approval as of October 2026.

What are US Regulated Gas Stocks?

US regulated gas stocks are shares of US-listed utilities that deliver natural gas to homes, businesses and industrial users through local pipeline networks. Searches for gas stocks or natural gas stocks often mix two different groups: gas producers, whose earnings follow gas prices, and regulated gas utilities, whose earnings are set mainly by state regulators. Gas utilities usually pass the cost of the gas itself through to customers and earn an allowed return on the pipes and equipment they invest in, which makes them a distinct part of the wider set of gas related stocks.

How to Evaluate and Invest in US Regulated Gas Sector Stocks?

Here's how to invest in the US regulated gas stock market from India, step by step:

Log in or Create an Account: Visit Tickertape US Stocks and log in to your account. Create an account if you have not registered yet and complete the US investing account-opening process.
Search for Regulated Gas Stocks: Use the Tickertape US Stock Screener and select 'Utilities - Regulated Gas' under the sector filter.
Analyse the Stocks: Each stock page provides information such as the live market price, 52-week range, financial performance, peer comparison and recent news.
Add Money to Your US Wallet: Connect an eligible bank account and transfer money to your US Wallet under the Liberalised Remittance Scheme.
Place Your Order: Select the regulated gas stock you want to invest in and click on 'Buy' to place the order through Tickertape.

Taxation of US Regulated Gas Stocks for Indian Investors

The tax treatment of US regulated gas stocks generally depends on the holding period, the investor's applicable income-tax rate and US withholding rules on dividend income.

Income / Action	Holding Period / Condition	Tax Rate in the US	Tax Rate in India
Long-Term Capital Gains (LTCG)	Held for > 24 months	0% (Taxed only in India under DTAA)	12.5% (+ applicable surcharge & cess)
Short-Term Capital Gains (STCG)	Held for < 24 months	0% (Taxed only in India under DTAA)	Taxed as per your applicable income slab rate

Benefits of Investing in US Regulated Gas Stocks

Regulated, Predictable Earnings

State regulators set the rates gas utilities can charge, based on their costs and an allowed return on investment. This framework tends to make earnings steadier than in businesses exposed directly to market prices.

Essential Service With Steady Demand

Homes and businesses rely on natural gas for heating, cooking and hot water throughout the year. Because these needs continue in most economic conditions, demand for gas delivery tends to hold up even in slowdowns.

Limited Direct Exposure to Gas Prices

Most gas utilities pass the cost of the gas they buy straight through to customers without a mark-up. Their profits come mainly from the pipes and equipment they own, rather than from changes in the price of the gas itself.

Long History of Dividend Payments

Stable cash flows allow many gas utilities to pay regular dividends and raise them over time. Dividend growth in the sector often tracks the growth in the value of the utility network.

Download Now

Risks of Investing in Regulated Gas Stocks

Interest Rate Sensitivity

Gas utilities borrow heavily to fund pipeline and network investment. Higher interest rates raise financing costs and can make their dividends look less attractive compared with bond yields.

Regulatory Lag and Rate Case Outcomes

Utilities often spend money on new infrastructure before regulators approve the rates that recover it. Delays or lower-than-requested allowed returns can reduce earnings for a period.

Electrification and Gas Policy

Some cities and states have introduced rules that limit new gas connections or encourage electric heating. Over time, such policies could slow customer growth and raise questions about the long-term use of gas networks.

Pipeline Safety and Operational Incidents

Gas leaks, explosions and extreme cold-weather events can cause service outages and damage. These incidents can lead to fines, legal claims and tighter oversight from regulators.

Factors That Influence US Regulated Gas Stocks' Performance

Rate Base Growth

A utility earns its allowed return on the value of the network it has built, known as the rate base. The pace at which this base grows through approved investment largely sets the direction of long-term earnings.

Allowed Return on Equity

Regulators decide the return a utility may earn on the equity it has invested. Small changes in this allowed return can have a noticeable effect on profits and on how investors value the stock.

Interest Rates and Bond Yields

Because gas utilities are often held for steady income, their share prices tend to move with bond yields. When yields rise, utility stocks can fall as income-focused investors compare returns.

Weather Patterns

Gas use rises in cold winters and falls in mild ones. Utilities without weather-adjustment mechanisms in their rates can see quarterly earnings swing with temperatures.

Key Growth Drivers for Regulated Gas Stocks

Record Natural Gas Demand

US natural gas consumption averaged a record 92.0 Bcf per day in 2025, up 2% year-on-year, with residential and commercial use rising around 10%. Higher throughput on local networks supports the case for continued investment in distribution systems.

Large Infrastructure Investment Plans

US gas utilities invest about $37 bn a year in the safety of distribution and transmission systems, much of it on replacing older pipes. These investments are added to the rate base, the value on which regulators allow utilities to earn a return.

Customer Growth in Expanding Regions

US gas utilities added about 587,000 net new residential customers in 2024, with growth concentrated in fast-growing southern and western states. New connections widen the customer base over which network costs are spread.

Gas Demand From Power and Data Centres

Natural gas generated about 40% of US electricity in 2025, and new data centres are adding demand for gas-fired power. Some utilities have announced multi-year capital plans tied directly to serving large new data centre loads.

How to Track US Regulated Gas Stocks From India on Tickertape?

You can track US regulated gas stocks and ETFs from India on Tickertape's US Stocks & ETFs platform.

Open US Stocks Screener: Visit the Tickertape US Stock Screener and explore regulated gas-related companies listed on US exchanges.
Search Regulated Gas Stocks: Search for "Utilities - Regulated Gas" under the sector and select it to explore companies operating in the regulated gas industry.
Apply Filters: Compare companies using 60+ parameters, including market capitalisation, valuation ratios, profitability metrics, growth indicators and financial health measures.
Analyse Company Metrics: Review individual stock pages to understand financial performance, revenue trends, margins, debt levels, price movements and other available insights.
Create a Watchlist: Add selected regulated gas stocks to your watchlist to track price updates, company developments and performance changes from India.

Conclusion

US regulated gas stocks cover the utilities that deliver natural gas to homes, businesses and industrial customers through local pipeline networks. Their performance is shaped by rate base growth, the returns allowed by state regulators, interest rates and bond yields, and seasonal weather patterns. Risks include higher borrowing costs, regulatory lag, policies that limit new gas connections and pipeline safety incidents. Investors looking to analyse regulated gas companies can use the Tickertape US Stock Screener to compare stocks using 60+ unique filters and custom filters across valuation, profitability, growth, financial health and other key metrics.

Popular US Stock Collections

Popular Indian Mutual Fund Collections

Frequently Asked Questions About Regulated Gas Stocks

What are US regulated gas stocks?
US regulated gas stocks are shares of US-listed gas utilities that deliver natural gas to homes and businesses through local pipeline networks. State regulators approve the rates they charge, including an allowed return on the money they invest in pipes and equipment. Unlike gas producers, their earnings depend more on regulation and network investment than on the price of gas.
Who are the top 5 regulated gas companies?
As of 27th October 2026, the top 5 US regulated gas companies include:
1. Atmos Energy Corporation
2. NiSource Inc
3. UGI Corporation
4. Southwest Gas Holdings Inc
5. Black Hills Corporation
Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.
What is the outlook for US regulated gas stocks?
US natural gas consumption reached a record 92.0 Bcf per day in 2025, and natural gas generated about 40% of US electricity that year. Utilities continue to invest heavily in replacing older pipes, which grows the asset base on which they earn returns. Interest rates, rate case decisions and policies on electrification remain the main variables for the sector.

Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.
Are US regulated gas stocks risky for Indian investors?
Regulated gas stocks are generally seen as steadier than many other sectors, but they still carry risks. Their share prices are sensitive to interest rates, and earnings depend on the outcome of rate cases with state regulators. Indian investors also face currency risk, since returns and dividends are earned in US dollars.
How can I compare US regulated gas stocks on Tickertape?
You can use the Tickertape US Stock Screener to build a gas stocks list by selecting the Utilities - Regulated Gas industry and comparing companies across 60+ parameters. For utilities, it helps to look at dividend yield alongside debt levels and earnings growth, since these businesses rely on borrowing to fund network investment. Each stock page also shows price history, peers and financial trends.
Can beginners invest in US regulated gas stocks?
Beginners can invest in US regulated gas stocks from India through platforms that support US investing, after completing account opening and KYC. Lists of the best gas stocks vary by source and time period, so it can help to understand how regulation, interest rates and dividends affect these companies before comparing them. Their business model, built around regulated returns, is relatively easy to follow.

Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should assess their financial goals and risk tolerance or consult a financial advisor before investing.
How to invest in US regulated gas stocks from India?
1. Create an account: Sign up on a platform that offers US stock investing from India.
2. Explore regulated gas stocks: Use the US Stock Screener to find companies in the Utilities - Regulated Gas industry.
3. Complete KYC: Submit the required identity and address documents to open your US investing account.
4. Link a bank account: Connect an eligible Indian bank account for remittances.
5. Add funds: Transfer money to your US Wallet under the Liberalised Remittance Scheme.
6. Place an order: Select the regulated gas stock and place a buy order.
What are the advantages of investing in US regulated gas stocks?
Regulated gas utilities earn returns approved by state regulators, which tends to make their earnings more predictable than in many sectors. Demand for gas delivery stays fairly steady because it is used for heating and cooking year-round. Many of these companies also have long records of paying and raising dividends.

Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.
What is the difference between individual US regulated gas stocks and utility-focused ETFs? An individual stock ties your return to one utility, its service area and its relationship with regulators in specific states. A utilities ETF holds many companies across gas, electric and water, spreading regulatory and regional risk. ETFs also charge an annual expense ratio, while individual stocks do not.
What metrics are commonly used to evaluate US regulated gas stocks?
Investors can use P/E and P/B ratios to compare valuations, dividend yield to assess income potential, and revenue and earnings growth to track business performance. Debt levels, interest coverage and return on equity (ROE) help evaluate financial health. For US regulated gas utilities, approved rates and infrastructure spending also influence earnings and cash flow.

Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.
Do US regulated gas stocks pay dividends?
Most large US gas utilities pay regular quarterly dividends, supported by their stable, regulated cash flows. Many have raised their dividends for long stretches, often in line with growth in their rate base. Payout levels and growth rates still vary by company, so checking each stock's dividend history is useful.

Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

Disclaimer: This article is for informational purposes only. The content of the article, including securities/investment products mentioned, if any, should not in any manner be construed as investment advice, recommendation, offer, or solicitation to buy/hold/sell any securities/investment products. The securities quoted, if any, are for illustration only and are not recommendatory. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.