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
−2.6%% in uptrend
25%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 |
$52.36 | −0.63% | −0.4% | −3.5% | −1.1% | −22.2% | 2026-10-27 | |
| WMB Williams Companies |
Gas pipelines and power-innovation projects | NYSE US |
$69.44 | +0.75% | −4.6% | −7.0% | +18.1% | −11.3% | 2026-11-02 | |
| KMI Kinder Morgan |
Gas pipelines into power demand | NYSE US |
$32.01 | +1.33% | −3.2% | −1.6% | +20.8% | −6.2% | 2027-01-27 | |
| ET Energy Transfer |
Gas supply to data-centre power | NYSE US |
$19.42 | −0.15% | −2.4% | −6.1% | +26.4% | −9.0% | 2026-11-03 |