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Natural Gas Transmission SIC 4922
17 companies filing with the SEC under SIC 4922. Median revenue growth +18% year on year in Q3 2026 (middle half +10% to +41%, 14 companies). The growth model expects the industry's combined revenue to grow +43% in Q3 2026. 12 customer or supplier links named in annual reports.
Money flow: where the industry's revenue goes
Drawn in the browser: an estimate of where the industry's revenue goes — what it buys from other industries, the pay that reaches households, taxes and profit — beside its filed cash flow, two tiers of suppliers and its capital spending by kind of asset.
Open the industry: growth distribution, money flow, network →
Who sells to whom
Customers and suppliers named in the companies' annual reports; the share is of the supplier's revenue.
- WMB → DUK 9% of the supplier's revenue, $1.1B
- Northwest Pipeline LLC → DUK 9% of the supplier's revenue, $1.1B
- DTM → EXE 45% of the supplier's revenue, $559M
- CRGY → EPD 12% of the supplier's revenue, $419M
- HPK → ET 8% of the supplier's revenue, $69.1M
- EXE → DTM
- MTDR → EPD
- SUN → ET
- CMI → USAC
- CAT → USAC
- ET → SPH 30% of the supplier's revenue
- ET → USAC
Growth model
Industry revenue, the same companies year on year; 80% ranges. Fitted on SEC filings and tested out of sample (how).
| Quarter | Growth Y/Y | Revenue | 80% range |
|---|---|---|---|
| Q3 2026 | +42.6% | $73.3B | $63.7B – $82.9B |
| Q4 2026 | +37.4% | $80.8B | $68.4B – $93.1B |
| Q1 2027 | +32.9% | $82.5B | $69.1B – $95.9B |
| Q2 2027 | +28.9% | $95.6B | $79.5B – $111.7B |
Capital spending and supply chain →
Companies
| Company | Quarterly revenue | Y/Y | Stage |
|---|---|---|---|
| ET Energy Transfer LP | $37.1B | +86% | expansion |
| EPD Enterprise Products Partners L.P. | $17.9B | +49% | deceleration |
| TRGP Targa Resources | $5.6B | +35% | reacceleration |
| KMI Kinder Morgan | $4.5B | +9% | mature |
| WMB Williams Companies | $3.2B | +10% | transition |
| Northwest Pipeline LLC | $3.2B | +10% | transition |
| Western Midstream Operating, LP | $1.2B | — | reacceleration |
| WES Western Midstream Partners, LP | $1.2B | +25% | deceleration |
| NGL NGL Energy Partners LP | $987M | +46% | deceleration |
| Boardwalk Pipeline Partners, LP | $614M | +13% | transition |
| KNTK Kinetik Holdings | $569M | +23% | deceleration |
| KGS Kodiak Gas Services | $391M | — | reacceleration |
| AROC Archrock | $371M | -3% | mature |
| USAC USA Compression Partners, LP | $357M | +43% | expansion |
| DTM DT Midstream | $336M | +7% | mature |
| AM Antero Midstream | $327M | +11% | transition |
| SMC Summit Midstream | $155M | — | transition |
Growth from positive, comparable quarterly revenue as filed; industries are SEC Standard Industrial Classification codes. Data Nov 8, 2026.