Hydrogen Stocks Diverge as Industrial Gas Incumbents Outpace Fuel-Cell Pure Plays
Published . Updated .
This report is about natural gas.
Directly affected
- No company is named in this report.
Indirectly affected
- UNG United States Natural Gas Fund-11.6% 30d
United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas” (natural gas) in this story.
- XLE Energy Select Sector SPDR+12.1% 30d
Energy Select Sector SPDR: it follows natural-gas prices. Linked by “gas” (natural gas) in this story.
- LNG Cheniere Energy+20.1% 30d
Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “gas” (natural gas) in this story.
- EQT Eqt+4.1% 30d
Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “gas” (natural gas) in this story.
- KMI Kinder Morgan+4.2% 7d
Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “gas” (natural gas) in this story.
- WMB The Williams Companies
The Williams Companies (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “gas” (natural gas) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| UNG | +5.45% | +4.74% | base | +0.55% | after close | after close | after close |
| XLE | -0.51% | -2.20% | base | -1.71% | after close | after close | after close |
| LNG | -8.99% | -9.90% | base | -4.17% | after close | after close | after close |
| EQT | -0.98% | +1.53% | base | -0.33% | after close | after close | after close |
| KMI | +0.21% | -0.89% | base | -1.56% | after close | after close | after close |
| WMBNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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Hydrogen Stocks Diverge as Industrial Gas Incumbents Outpace Fuel-Cell Pure Plays ChartMill
Source: ChartMill
Price since this story was published: United States Natural Gas Fund (UNG)
| Company | When | Move | Status |
|---|---|---|---|
| Eqt (EQT) | that day | -0.33% | still updating |
| Eqt (EQT) | three days earlier | +1.53% | final price |
| Eqt (EQT) | five days earlier | -0.98% | final price |
| Kinder Morgan (KMI) | that day | -1.56% | still updating |
| Kinder Morgan (KMI) | three days earlier | -0.89% | final price |
| Kinder Morgan (KMI) | five days earlier | +0.21% | final price |
| Cheniere Energy (LNG) | that day | -4.17% | still updating |
| Cheniere Energy (LNG) | three days earlier | -9.90% | final price |
| Cheniere Energy (LNG) | five days earlier | -8.99% | final price |
| United States Natural Gas Fund (UNG) | that day | +0.55% | still updating |
| United States Natural Gas Fund (UNG) | three days earlier | +4.74% | final price |
| United States Natural Gas Fund (UNG) | five days earlier | +5.45% | final price |
| Select Sector Spdr Tr (XLE) | that day | -1.71% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | -2.20% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -0.51% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Michael T. McCaul sold Eqt (EQT) (held by a spouse), worth $1,001 - $15,000 on 27 Aug 2026. That is 67 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Eqt (EQT), worth $1,001 - $15,000 on 17 Aug 2026. That is 77 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Eqt (EQT) (held by a spouse), worth $1,001 - $15,000 on 14 Aug 2026. That is 80 days before publication. Filed 14 Oct 2026. View the filing.
- Sen. Alan Armstrong sold Williams Companies (WMB) (jointly held), worth $250,001 - $500,000 on 8 Sep 2026. That is 55 days before publication. Filed 22 Oct 2026. View the filing.
- Sen. Alan Armstrong bought Williams Companies (WMB) (jointly held), worth $15,001 - $50,000 on 20 Aug 2026. That is 74 days before publication. Filed 17 Sep 2026. View the filing.
- Sen. Alan Armstrong bought Williams Companies (WMB) (jointly held), worth $1,001 - $15,000 on 19 Aug 2026. That is 75 days before publication. Filed 17 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around United States Natural Gas Fund (UNG)
Companies tied to this story
- UNG United States Natural Gas Fund
For “Hydrogen Stocks Diverge as Industrial Gas Incumbents Outpace Fuel-Cell Pure Plays,” United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence. Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas” (natural gas) in this story
- XLE Select Sector Spdr Tr
For “Hydrogen Stocks Diverge as Industrial Gas Incumbents Outpace Fuel-Cell Pure Plays,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “gas” (natural gas) in this story
- LNG Cheniere Energy
Cheniere Energy (LNG) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Hydrogen Stocks Diverge as Industrial Gas Incumbents Outpace Fuel-Cell Pure Plays.” Reason on file: Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “gas” (natural gas) in this story
- EQT Eqt
In “Hydrogen Stocks Diverge as Industrial Gas Incumbents Outpace Fuel-Cell Pure Plays,” Eqt (EQT) is linked, with no stored direction, medium confidence. Reason on file: Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “gas” (natural gas) in this story
- KMI Kinder Morgan
For “Hydrogen Stocks Diverge as Industrial Gas Incumbents Outpace Fuel-Cell Pure Plays,” Kinder Morgan (KMI) is linked, with no stored direction, medium confidence. Reason on file: Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “gas” (natural gas) in this story
- WMB Williams Companies
For “Hydrogen Stocks Diverge as Industrial Gas Incumbents Outpace Fuel-Cell Pure Plays,” Williams Companies (WMB) is linked, with no stored direction, medium confidence. Reason on file: The Williams Companies (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “gas” (natural gas) in this story
United States Natural Gas Fund (UNG)
The 2 Nov 2026 story “Hydrogen Stocks Diverge as Industrial Gas Incumbents Outpace Fuel-Cell Pure Plays” names United States Natural Gas Fund (UNG) because of this story.
The link for United States Natural Gas Fund (UNG) is this: United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas” (natural gas) in this story
A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “gas” (natural gas) in this story
Price levels for United States Natural Gas Fund (UNG)
LNG traded between 267.94 and 330.66 across 20 sessions. The latest close on file is 330.35. UNG traded between 8.95 and 11.43 across 20 sessions. The latest close on file is 9.08. XLE traded between 62.06 and 70.15 across 20 sessions. The latest close on file is 70.00.
How strong the case is around United States Natural Gas Fund (UNG)
46 out of 100Price not final
“Hydrogen Stocks Diverge as Industrial Gas Incumbents Outpace Fuel-Cell Pure Plays” scores 46 out of 100. The score uses 1 sources, and 6 linked companies. The price is not final yet.