There is no objective way to crown a single “best” natural gas stock, because the best stock for you depends on what you want the position to do. What you can do is compare the leading names side by side and match each one to the kind of exposure it actually provides. That is what Porter Stansberry’s Boston Blackout thesis invites you to do, and it is the more honest framing than any ranked list.
The backdrop is the same for every name on this page. Natural gas already supplies more than 40% of American electricity, and it is the fastest baseload source to add when demand jumps. The United States produces roughly 105 to 110 Bcf/d of dry gas, and the thesis points to around 50 Bcf/d of new demand from AI data centers. That is nearly a 50% expansion against a rig count at multi-year lows. The wind is at the sector’s back. The question is which stock captures that wind best for your goals.
For growth speed, Venture Global (VG) is the standout. It went public in January 2025 and has already reached a market capitalization near $35.5 billion. Revenue grew about 59% year over year, and EBITDA margins run above 45%, among the fattest in the LNG space. Venture Global is expanding liquefaction capacity while buyers in Europe and Asia pay premium prices for American gas. It is the highest-upside name in the LNG export space, and the one Stansberry’s presentation centers on. The tradeoff is that it is young, still ramping its project pipeline, and carries more execution risk than an established exporter.
For contract stability, Cheniere Energy is the counterweight. Cheniere is the largest and most mature American LNG exporter, with long-term offtake contracts that lock in cash flow regardless of where the spot price drifts. It will not grow as fast as Venture Global, but its earnings are more predictable, and that predictability supports a dividend. If you want the LNG trade without the volatility, this is the steadier version of it.
For raw price sensitivity, EQT is the purest play. It is the largest natural gas producer in the United States and the pick Stansberry calls his “Gods of Gas.” A producer’s earnings move almost one-for-one with the gas price, so EQT climbs hardest when gas rallies and falls hardest when it does not. It is the highest-octane way to bet on the commodity itself, and the one with the least insulation from a price decline.
For capital efficiency, Viper Energy is a different animal entirely. Viper is a royalty company that owns mineral rights on Permian acreage other operators drill. It collects a share of production without paying drilling costs, so its margins are exceptional and its downside is cushioned by the fact that it never has to fund a well. When Permian associated gas flows, Viper gets paid. The tradeoff is that it is an indirect play on output volume rather than a direct bet on the gas price.
So the “best” stock is really a question of what you want: growth, stability, price sensitivity, or capital efficiency. There is no single correct answer, only a correct answer for you.
One more thing worth weighing before you pick. The sector is volatile, and the bull case is not without a counterargument. The Permian now produces huge volumes of associated gas that comes up alongside oil whether anyone wants it or not. Producers that once flared it now capture and sell it. If that supply floods the national market, it can create a glut even while New England, cut off by blocked pipelines from Pennsylvania shale, stays tight and leans on LNG imports through Boston Harbor. The Boston Blackout pitch recycles a fear from the summer of 2022, and the winter deadline is a marketing frame rather than a hard catalyst. We cover the underlying categories in our natural gas stocks explainer, and we walk through why most investors are better off in equities than in the commodity itself in our ETF and futures pieces. If you are weighing Stansberry’s broader track record, our review of Porter Stansberry covers his background and approach.
Valuation in context
One way to narrow the list is to look at what each name charges relative to what it earns. Venture Global trades near ten times forward earnings while growing revenue around 59% year over year with EBITDA margins above 45%. That is a growth multiple for a growth business, and it prices in continued execution on new liquefaction capacity. EQT and Cheniere carry steadier, more mature profiles, so the valuation question flips: you give up raw growth for predictability. Viper, as a royalty company, trades on a different logic entirely, priced for the mineral acres it owns rather than the gas it produces this quarter.
None of these is cheap in an absolute sense, and none should be bought without a view on where gas demand actually goes. The valuation only works if the 50 Bcf/d demand story plays out at least partially.
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