US Midstream Firms Expand Gas Pipeline Plans as Demand Outlook Strengthens
Published . Updated .
Key takeaways
- Midstream firms accelerated US gas pipeline projects in 2026, with Platts tracking 46.5 Bcf/d of proposals driven by LNG, power and data center demand, including the Solitude System, Permian Link and Gulf Coast links.
- Exposed: UNG, XLE, AMLP, KMI, LNG
- Market reaction: XLE +1.6% on the day (still updating); UNG +1.1% on the day (still updating); LNG +2.4% on the day (still updating)
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Midstream firms accelerated US gas pipeline projects in 2026, with Platts tracking 46.5 Bcf/d of proposals driven by LNG, power and data center demand, including the Solitude System, Permian Link and Gulf Coast links.
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 “gas pipeline” (natural gas) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: it follows natural-gas prices. Linked by “gas pipeline” (natural gas) in this story.
- USO United States Oil Fund-1.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “gas pipeline” (oil) in this story.
- QQQ Invesco QQQ-9.8% 30d
Invesco QQQ: it holds the big tech and AI names. Linked by “data center” (AI and big tech) in this story.
- LNG Cheniere Energy+9.1% 30d
Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “gas pipeline” (natural gas) in this story.
- EQT Eqt-0.9% 30d
Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “gas pipeline” (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 “gas pipeline” (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 pipeline” (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 | -10.81% | -10.24% | base | +1.15% | after close | after close | after close |
| XLE | +2.11% | -0.95% | base | +1.57% | after close | after close | after close |
| USO | +2.78% | +4.95% | base | +2.37% | after close | after close | after close |
| QQQ | +2.50% | -2.74% | base | +1.99% | after close | after close | after close |
| LNG | -0.51% | -5.27% | base | +2.39% | after close | after close | after close |
| EQT | +0.99% | -5.04% | base | +1.73% | after close | after close | after close |
| KMI | +1.06% | -3.97% | base | +0.91% | after close | after close | after close |
| WMB | +0.59% | -5.03% | base | +1.78% | 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.
US Midstream Firms Expand Gas Pipeline Plans as Demand Outlook Strengthens IndexBox
Source: IndexBox
How far United States Natural Gas Fund (UNG) has moved since 11 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Eqt (EQT) | that day | +1.73% | still updating |
| Eqt (EQT) | three days earlier | -5.04% | final price |
| Eqt (EQT) | five days earlier | +0.99% | final price |
| Kinder Morgan (KMI) | that day | +0.91% | still updating |
| Kinder Morgan (KMI) | three days earlier | -3.97% | final price |
| Kinder Morgan (KMI) | five days earlier | +1.06% | final price |
| Cheniere Energy (LNG) | that day | +2.39% | still updating |
| Cheniere Energy (LNG) | three days earlier | -5.27% | final price |
| Cheniere Energy (LNG) | five days earlier | -0.51% | final price |
| QQQ | that day | +1.99% | still updating |
| QQQ | three days earlier | -2.74% | final price |
| QQQ | five days earlier | +2.50% | final price |
| United States Natural Gas Fund (UNG) | that day | +1.15% | still updating |
| United States Natural Gas Fund (UNG) | three days earlier | -10.24% | final price |
| United States Natural Gas Fund (UNG) | five days earlier | -10.81% | final price |
| USO | that day | +2.37% | still updating |
| USO | three days earlier | +4.95% | final price |
| USO | five days earlier | +2.78% | final price |
| Williams Companies (WMB) | that day | +1.78% | still updating |
| Williams Companies (WMB) | three days earlier | -5.03% | final price |
| Williams Companies (WMB) | five days earlier | +0.59% | final price |
| Select Sector Spdr Tr (XLE) | that day | +1.57% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | -0.95% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +2.11% | 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 76 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 86 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 89 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 64 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 83 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 84 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 carried with this story
- UNG United States Natural Gas Fund
For “US Midstream Firms Expand Gas Pipeline Plans as Demand Outlook Strengthens,” 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 pipeline” (natural gas) in this story
- XLE Select Sector Spdr Tr
Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “US Midstream Firms Expand Gas Pipeline Plans as Demand Outlook Strengthens.” Reason on file: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “gas pipeline” (natural gas) in this story
- AMLP Alps Etf Tr
Alps Etf Tr (AMLP) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “US Midstream Firms Expand Gas Pipeline Plans as Demand Outlook Strengthens.” Reason on file: Alerian MLP ETF: it holds pipeline operators. Linked by “pipeline” (pipelines) in this story
- KMI Kinder Morgan
Kinder Morgan (KMI) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “US Midstream Firms Expand Gas Pipeline Plans as Demand Outlook Strengthens.” Reason on file: Kinder Morgan (natural gas transmission): pipeline operators earn fees on the oil and gas they move. Linked by “pipeline” (pipelines) in this story
- LNG Cheniere Energy
Cheniere Energy (LNG) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “US Midstream Firms Expand Gas Pipeline Plans as Demand Outlook Strengthens.” Reason on file: Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “gas pipeline” (natural gas) in this story
- WMB Williams Companies
Williams Companies (WMB) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “US Midstream Firms Expand Gas Pipeline Plans as Demand Outlook Strengthens.” Reason on file: The Williams Companies (natural gas transmission): pipeline operators earn fees on the oil and gas they move. Linked by “pipeline” (pipelines) in this story
- EQT Eqt
In “US Midstream Firms Expand Gas Pipeline Plans as Demand Outlook Strengthens,” 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 pipeline” (natural gas) in this story
- ET Energy Transfer
Energy Transfer (ET) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “US Midstream Firms Expand Gas Pipeline Plans as Demand Outlook Strengthens.” Reason on file: Energy Transfer (natural gas transmission): pipeline operators earn fees on the oil and gas they move. Linked by “pipeline” (pipelines) in this story
United States Natural Gas Fund (UNG) and the energy link
The 11 Nov 2026 story “US Midstream Firms Expand Gas Pipeline Plans as Demand Outlook Strengthens” names United States Natural Gas Fund (UNG) because of Energy.
The link for United States Natural Gas Fund (UNG) is this: United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas pipeline” (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 pipeline” (natural gas) in this story
The price range for United States Natural Gas Fund (UNG), and the dates in the story
AMLP traded between 51.55 and 54.20 across 20 sessions. The latest close on file is 52.75. UNG traded between 8.95 and 11.43 across 20 sessions. The latest close on file is 9.34. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
The energy score for United States Natural Gas Fund (UNG)
46 out of 100Price not final
“US Midstream Firms Expand Gas Pipeline Plans as Demand Outlook Strengthens” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.