US · Power & Cooling
Natural Gas & Pipelines
Most new firm AI power in the US burns gas. Pipeline takeaway, not reserves, limits where it can be delivered.
Basin→Pipeline→Lateral→Plant
56
Tightness score ⓘ
#38 of 56
■ Stable
Lead time
24–48 mo
Theme 1M
+6.0%% in uptrend
50%Metric to watch
Pipeline project approvals, data-centre gas demand estimates, and Henry Hub forward curve.
What would prove us wrong
Weakens if new pipeline capacity outruns power-burn growth.
Gas theme performance
Equal-weight · rebased 100 · 1YStocks we track
Who controls this bottleneck
Roles, not recommendations. Delayed prices; local currency.
| Stock | Role | Listing | Last | 1D | 1M | 3M | YTD | Off 52w high | Trend | Next earnings |
|---|---|---|---|---|---|---|---|---|---|---|
| EQT EQT Corp |
Largest US natural gas producer | NYSE US |
$54.48 | −2.07% | +7.2% | +5.8% | +2.5% | −19.3% | 2026-10-27 | |
| WMB Williams Companies |
Gas pipelines and power-innovation projects | NYSE US |
$71.90 | +0.27% | +3.8% | +3.2% | +22.2% | −8.1% | 2026-11-02 | |
| KMI Kinder Morgan |
Gas pipelines into power demand | NYSE US |
$34.09 | −0.99% | +10.9% | +8.8% | +27.6% | −1.0% | 2026-10-21 | |
| ET Energy Transfer |
Gas supply to data-centre power | NYSE US |
$20.64 | +0.93% | +2.2% | +3.9% | +31.9% | −5.0% | 2026-11-03 |