Record LNG Demand Ignites Natural Gas Forward Rally, but Will It Last?
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This report is about natural gas.
Directly affected
- No company is named in this report.
Indirectly affected
- UNG United States Natural Gas Fund-13.5% 30d
United States Natural Gas Fund: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story.
- XLE Energy Select Sector SPDR+7.5% 30d
Energy Select Sector SPDR: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story.
- LNG Cheniere Energy+11.8% 30d
Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story.
- EQT Eqt+0.4% 30d
Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story.
- KMI Kinder Morgan
Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “natural 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 “natural 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 | -9.22% | -1.27% | base | +2.65% | after close | after close | after close |
| XLE | -2.64% | -2.21% | base | +1.50% | after close | after close | after close |
| LNG | -8.19% | -6.39% | base | +1.67% | after close | after close | after close |
| EQT | -3.93% | -5.26% | base | -0.61% | after close | after close | after close |
| KMI | -4.40% | -3.20% | base | +1.39% | after close | after close | after close |
| WMB | -6.77% | -3.55% | base | +0.80% | after close | after close | after close |
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.
Record LNG Demand Ignites Natural Gas Forward Rally, but Will It Last? Natural Gas Intelligence
Source: Natural Gas Intelligence
The price since 12 Nov 2026: Eqt (EQT) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Eqt (EQT) | that day | -0.61% | final price |
| Eqt (EQT) | three days earlier | -5.26% | final price |
| Eqt (EQT) | five days earlier | -3.93% | final price |
| Kinder Morgan (KMI) | that day | +1.39% | final price |
| Kinder Morgan (KMI) | three days earlier | -3.20% | final price |
| Kinder Morgan (KMI) | five days earlier | -4.40% | final price |
| Cheniere Energy (LNG) | that day | +1.67% | final price |
| Cheniere Energy (LNG) | three days earlier | -6.39% | final price |
| Cheniere Energy (LNG) | five days earlier | -8.19% | final price |
| United States Natural Gas Fund (UNG) | that day | +2.65% | final price |
| United States Natural Gas Fund (UNG) | three days earlier | -1.27% | final price |
| United States Natural Gas Fund (UNG) | five days earlier | -9.22% | final price |
| Williams Companies (WMB) | that day | +0.80% | final price |
| Williams Companies (WMB) | three days earlier | -3.55% | final price |
| Williams Companies (WMB) | five days earlier | -6.77% | final price |
| Select Sector Spdr Tr (XLE) | that day | +1.50% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | -2.21% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -2.64% | 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 77 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 87 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 90 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 65 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 84 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 85 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 collects and who pays in energy
Companies tied to this story
- EQT Eqt
Eqt (EQT) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Record LNG Demand Ignites Natural Gas Forward Rally, but Will It Last?.” Reason on file: Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story
- KMI Kinder Morgan
For “Record LNG Demand Ignites Natural Gas Forward Rally, but Will It Last?,” 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 “natural gas” (natural gas) in this story
- UNG United States Natural Gas Fund
In “Record LNG Demand Ignites Natural Gas Forward Rally, but Will It Last?,” 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 “natural gas” (natural gas) in this story
- XLE Select Sector Spdr Tr
For “Record LNG Demand Ignites Natural Gas Forward Rally, but Will It Last?,” 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 “natural gas” (natural gas) in this story
- LNG Cheniere Energy
For “Record LNG Demand Ignites Natural Gas Forward Rally, but Will It Last?,” Cheniere Energy (LNG) is linked, with no stored direction, medium confidence. Reason on file: Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story
- WMB Williams Companies
In “Record LNG Demand Ignites Natural Gas Forward Rally, but Will It Last?,” 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 “natural gas” (natural gas) in this story
Eqt (EQT) and the energy link
“Record LNG Demand Ignites Natural Gas Forward Rally, but Will It Last?” (12 Nov 2026) reaches Eqt (EQT) through Energy.
For Eqt (EQT), the reason on file says Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story
Kinder Morgan (KMI) is here too. Its reason reads: Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story
What this energy story puts on the calendar
EQT traded between 49.31 and 57.30 across 20 sessions. The latest close on file is 52.70. KMI traded between 31.12 and 32.43 across 3 sessions. The latest close on file is 32.27. UNG traded between 8.95 and 11.43 across 20 sessions. The latest close on file is 9.34.
How strong the case is around Eqt (EQT)
46 out of 100
“Record LNG Demand Ignites Natural Gas Forward Rally, but Will It Last?” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.