In this piece, we will take a look at the five most profitable natural gas stocks. For more gas stocks, head on over to 12 Most Profitable Natural Gas Stocks.
5. Antero Resources Corporation (NYSE:AR)
Trailing Twelve Months Net Income: $2 billion
Number of Hedge Fund Holders In Q3 2022: 65
Antero Resources Corporation (NYSE:AR) is an oil and gas company that is headquartered in Denver, Colorado. The firm had 17.7 trillion cubic feet of natural gas equivalent reserves as of December 2021.
Antero Resources Corporation (NYSE:AR)’s third quarter of 2022 filings with the SEC revealed that the firm had earned $6.8 billion in contract revenue during the first nine months of 2022. Out of this, 4.2 billion was from natural gas sales. By the end of last year’s third quarter, 65 of the 920 hedge funds surveyed by Insider Monkey had invested in the company.
Antero Resources Corporation (NYSE:AR)’s largest investor is D.E. Shaw’s D E Shaw which owns 3.7 million shares that are worth $114 million.
Follow Antero Resources Corp (NYSE:AR)
Follow Antero Resources Corp (NYSE:AR)
4. Chesapeake Energy Corporation (NASDAQ:CHK)
Trailing Twelve Months Net Income: $2.7 billion
Number of Hedge Fund Holders In Q3 2022: 70
Chesapeake Energy Corporation (NASDAQ:CHK) is an American oil and gas exploration and production company based in Oklahoma City, Oklahoma. The firm’s production interests are located primarily in Louisiana and Texas, in areas including Haynesville and the Appalachian Basin. It had 661 million barrels of oil equivalent reserves as of December 2021, and thousands of wells all over the U.S.
During the first nine months of last year, Chesapeake Energy Corporation (NASDAQ:CHK) produced 3.9 billion cubic feet equivalent of oil, natural gas, and natural gas liquids. The Marcellus and Haynesville production sites were the primary natural gas production areas. Out of this, the bulk was represented by natural gas as it accounted for 3.56 billion cubic feet of the total production. 70 of the 920 hedge funds part of Insider Monkey’s Q3 2022 survey had bought the firm’s shares.
Howard Marks’ Oaktree Capital Management is Chesapeake Energy Corporation (NASDAQ:CHK)’s largest investor. It has a $923 million stake that comes courtesy of 9.8 million shares.
Follow Expand Energy Corp (NYSE:EXE)
Follow Expand Energy Corp (NYSE:EXE)
3. Coterra Energy Inc. (NYSE:CTRA)
Trailing Twelve Months Net Income: $3.9 billion
Number of Hedge Fund Holders In Q3 2022: 39
Coterra Energy Inc. (NYSE:CTRA) is an American energy company headquartered in Houston, Texas with 2.8 billion barrels of oil equivalent reserves as of December 2021.
Coterra Energy Inc. (NYSE:CTRA) earned $7.3 billion in contract revenue year to date in September 2022, out of which $4.2 billion was from natural gas. 39 of the 920 hedge funds part of Insider Monkey’s Q3 2022 survey had bought the firm’s shares.
Coterra Energy Inc. (NYSE:CTRA)’s largest hedge fund shareholder is Ric Dillon’s Diamond Hill Capital which owns 4.4 million shares worth $110 million.
Follow Coterra Energy Inc. (NYSE:CTRA)
Follow Coterra Energy Inc. (NYSE:CTRA)
2. Tourmaline Oil Corp. (OTCMKTS:TRMLF)
Trailing Twelve Months Net Income: $4.12 billion (1CAD = 0.75USD)
Number of Hedge Fund Holders In Q3 2022: N/A
Tourmaline Oil Corp. (OTCMKTS:TRMLF) is another Canadian oil and gas company that is headquartered in Calgary. The firm believes that it is the largest natural gas producer in Canada, and for the nine months ending in September 2022, natural gas accounted for 78% of its overall production of petroleum products.
1. Public Joint Stock Company Gazprom (MCX:GAZP.ME)
Trailing Twelve Months Net Income: $27.4 billion (1RUB = 0.014USD)
Number of Hedge Fund Holders In Q3 2022: N/A
Public Joint Stock Company Gazprom (MCX:GAZP.ME) is a Russian company with the majority of its stake owned by the government. The firm is headquartered in St. Petersburg, and it is also one of the largest natural gas companies in the world. Public Joint Stock Company Gazprom (MCX:GAZP.ME)’s operations are primarily located in Serbia, and it has faced a difficult year in 2022 when the firm was sanctioned by the U.S. government due to Russia’s invasion of Ukraine.
Public Joint Stock Company Gazprom (MCX:GAZP.ME) entered into yet another bout of controversy in February 2023, when it was revealed that the firm’s subsidiary, Gazprom Neft, had created its own militia. Experts postulated that this was because it wanted to protect energy assets, as its NordStream pipeline was sabotaged in 2022. Others, however, weighed in and said the decision will contribute to Russia’s military power instead.
Disclosure: None. You can also take a look at 10 Hot Healthcare Stocks To Buy Now and Michael Burry Stock Portfolio: 10 Stocks He Sold.
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