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Featured Article from MarketBeat.com Natural Gas Is Surging—2 ETFs to Help You ProfitWritten by Dan Schmidt. Published 11/17/2025. 
Key Points - Natural gas prices are rising as winter approaches, this time reaching their highest level since Russia invaded Ukraine in 2022.
- U.S. natural gas exporters have been a primary beneficiary of these high prices, as domestic and international demand surges.
- There are multiple ways to get exposure to the natural gas boom; here are two of our favorite funds.
Winter is coming — and that became clear last week as brisk temperatures descended on many northern states when the calendar flipped to November. The first blast of arctic air usually puts Americans in a holiday mindset, but surging energy prices are also top of mind. Power demand is likely to rise, with experts projecting a bitter winter. One clear beneficiary of rising energy prices has been the energy sector, and few sources have seen larger price jumps than natural gas, which currently sits near multi-year highs. If high utility bills are cutting into your budget, you can counter that exposure with investments in natural gas companies. Today, we'll look at ways to add natural gas exposure to your portfolio through equities. Why Natural Gas Prices Are Surging A cold winter is nothing new, especially if you live in the Northeast and saw heavy snow last year. But this season the price pressure is being driven by a confluence of factors, some of which aren't easily addressed. The unit cost for natural gas, known as the Henry Hub price, spiked to $4.94 earlier this month — the highest level since Russia's invasion of Ukraine in 2022. The world's wealthiest individuals are making huge moves with their money.
Warren Buffett just liquidated billions of shares. Bill Gates sold 500,000 shares of Microsoft. Jeff Bezos filed to sell Amazon shares worth $4.8 billion.
What is going on? One multi-millionaire believes they are preparing for a catastrophic event. But not a crash, bank run, or recession. It's something we haven't see in America for more than a century. For the full story, click here. Here are three primary reasons natural gas is leading the energy complex: - U.S. exports - Over the last few years the U.S. has become one of the world's largest natural gas exporters, especially in liquefied natural gas (LNG). The U.S. stepped quickly to replace Russian supplies as Europe weaned itself off Russian LNG, creating strong international demand for domestic suppliers. U.S. LNG exports exceeded 18 billion cubic feet per day this month, helping to create a price floor for natural gas.
- Inclement weather - It's not just colder temperatures worrying forecasters. La Niña, a climate cycle caused by cooler-than-average Pacific seawater, is expected to influence U.S. winter patterns. La Niña can bring cooler conditions to the Northwest and Midwest and wetter, stormier weather to the South and Northeast.
- Data centers - Demand from data centers is another contributor to rising natural gas prices. Natural gas is a relatively clean, efficient, and affordable energy source for AI hyperscalers that need reliable 24/7 power for large data centers. So yes, increased data-center demand — driven in part by AI — is a factor in higher energy costs.
2 Funds for Natural Gas Exposure When natural gas prices rise, investors can gain exposure in two main ways: equities (stocks and ETFs) or futures contracts. Futures involve margin accounts and more advanced trading, but you can approximate that exposure with ETFs in a standard brokerage account. United States Natural Gas Fund: Futures-Based Exposure That Tracks Spot Prices If you want straightforward spot-price exposure, consider the United States Natural Gas Fund (NYSEARCA: UNG). Designed by United States Commodity Funds LLC, UNG uses short-term futures contracts to track the Henry Hub spot price as closely as possible. The fund holds a mix of natural gas futures and cash and charges a 1.01% net expense ratio — high, but typical for pure-play futures exposure. Note that futures-based ETFs can experience tracking differences due to roll costs (contango or backwardation), which may affect returns over time. The UNG chart highlights the recent uptrend in natural gas prices. The share price recently crossed above the 50-day simple moving average (SMA) with strong momentum for the first time since spring, and the MACD shows further momentum with its own bullish crossover. 
First Trust Natural Gas Fund: Diversified Industry Exposure ETFs can be useful when you can't consistently pick winners: buy the segment instead. The First Trust Natural Gas ETF (NYSEARCA: FCG) offers exposure to a variety of companies across the natural gas industry. It doesn't track the spot price as closely as UNG, but it provides diversified equity exposure at a lower cost — a 0.57% expense ratio. Some of FCG's holdings include EQT Corp. (NYSE: EQT), the largest U.S. natural gas producer by volume, and Western Midstream Partners LP (NYSE: WES), a large-cap midstream operator active in natural gas and crude oil. The fund's index is constructed by identifying domestic companies that meet certain natural gas reserve thresholds, then ranking them into a top-30 list using a four-part methodology. Holdings are reviewed and rebalanced quarterly. 
FCG is also showing signs of a new uptrend, with its strongest momentum since mid-April. The price recently crossed back above the 50-day and 200-day SMAs, confirmed by the MACD. The 50-day and 200-day SMAs are compacting and are separated by less than 25 cents; if upward momentum continues, a Golden Cross could provide another technical catalyst to push shares higher.
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