Regulated Gas Utilities Stocks — Fair Value & Margin of Safety

Equity Rank covers 15 Regulated Gas Utilities companies; 14 have a published model fair value, and 3 of those (21%) trade below the model estimate. The median model fair value sits 10.9% below the current price, under these model assumptions. Data as of 2026-10-22.

Source: Equity Rank — Regulated Gas Utilities stocks. Model fair value is a multi-method blend (DCF, Graham Number, earnings power, sector multiples and more), recomputed after each U.S. market close.

Regulated Gas Utilities stocks furthest below the model estimate

Among companies valued by at least five methods. A wide gap can also mean the models are missing something.

  1. SPH — Suburban Propane Partners LP: model fair value $25.95 vs. price $17.73, a model fair value differential of 46.4% above the current price (as of 2026-10-22)
  2. NJR — NewJersey Resources Corporation: model fair value $60.05 vs. price $53.63, a model fair value differential of 12.0% above the current price (as of 2026-10-22)
  3. NWN — Northwest Natural Gas Co: model fair value $54.23 vs. price $49.93, a model fair value differential of 8.6% above the current price (as of 2026-10-22)

All 15 Regulated Gas Utilities companies

TickerCompanyPriceModel fair valueGap
ATOAtmos Energy Corporation$173.94$145.11-16.6%
NINiSource Inc$43.67$39.43-9.7%
UGIUGI Corporation$38.61$35.84-7.2%
SWXSouthwest Gas Holdings Inc$91.08$53.01-41.8%
BKHBlack Hills Corporation$79.31$69.77-12.0%
NJRNewJersey Resources Corporation$53.63$60.05+12.0%
SRSpire Inc$85.56$80.04-6.5%
OGSOne Gas Inc$78.25$53.58-31.5%
BIPCBrookfield Infrastructure Corp$37.63Not published—
MDUMDU Resources Group Inc$19.37$17.98-7.2%
CPKChesapeake Utilities Corporation$134.17$95.98-28.5%
NWNNorthwest Natural Gas Co$49.93$54.23+8.6%
CTRICenturi Holdings, Inc.$19.32$15.86-17.9%
SPHSuburban Propane Partners LP$17.73$25.95+46.4%
RGCORGC Resources Inc$23.05$19.72-14.4%

Largest companies first. Gap = model fair value differential versus the current price; positive means the price sits below the model estimate. “Not published” means the models lacked reliable data.

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