Energy Income Partners, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Energy Income Partners, LLC reported 93 stock positions worth $5.2 billion. Its top holding was Enterprise Products Partners (EPD) at 8.4% of the portfolio, followed by Energy Transfer (ET, 8.2%) and MPLX (MPLX, 5.4%). Compared with Q4 2024, it opened 2 new positions, sold out of 2, added to 76 and reduced 14. The biggest buy was Southern (SO, shares +36%) and the biggest sale an exit from XPLR Infrastructure (XIFR).

Most Recent 13F
Q2 2026
Location
Westport, CT
CIK
0001388814
Portfolio Value
$5.2B (Q1 2025)
SEC Filing
0001104659-25-049298 ↗ filed May 15, 2025

Holdings Value

0$2.0B$4.0B$6.0B$8.0B Q1 2024: $4.9B Q1 2024 Q2 2024: $4.5B Q2 2024 Q3 2024: $4.7B Q3 2024 Q4 2024: $4.9B Q4 2024 Q1 2025: $5.2B $5.2B Q1 2025 Q2 2025: $5.1B Q2 2025 Q3 2025: $5.2B Q3 2025 Q4 2025: $5.5B Q4 2025 Q1 2026: $6.2B Q1 2026 Q2 2026: $6.4B Q2 2026

Holdings 93 stocks · $5.2B
EPD Enterprise Products Partners 8.36% 12,789,579 $436.6M Reduce -9.0%
ET Energy Transfer LP 8.22% 23,120,066 $429.8M Add +12.0%
MPLX MPLX LP 5.43% 5,304,863 $283.9M Reduce -6.4%
OKE Oneok Inc. 4.26% 2,245,182 $222.8M Add +12.6%
PAGP Plains GP Holdings LP 4.16% 10,177,085 $217.4M Add +2.0%
KMI Kinder Morgan Inc. 3.62% 6,630,501 $189.2M Add +2.3%
NFG National Fuel Gas Co. 3.41% 2,248,592 $178.1M Reduce -5.9%
SRE Sempra 2.98% 2,182,448 $155.7M Add +2.5%
SO The Southern Co. 2.55% 1,448,826 $133.2M Add +35.9%
AEP American Electric Power 2.50% 1,194,494 $130.5M Add +2.6%
WMB Williams Cos Inc. 2.39% 2,088,347 $124.8M Add +2.5%
PPL PPL Corp. 2.25% 3,257,104 $117.6M Add +3.4%
ETR Entergy Corp. 2.13% 1,304,587 $111.5M Add +16.7%
SUN Sunoco LP 2.01% 1,810,296 $105.1M Add +2.6%
DTE DTE Energy Company 1.90% 718,161 $99.3M Add +4.0%
LNG Cheniere Energy Inc. 1.75% 394,856 $91.4M Reduce -5.1%
CNP Centerpoint Energy Inc. 1.75% 2,518,660 $91.3M Add +2.7%
TRGP Targa Resources Corp. 1.68% 437,279 $87.7M Reduce -2.7%
ENB Enbridge Inc. 1.57% 1,847,927 $81.9M Add +1.5%
PWR Quanta Services Inc. 1.50% 308,855 $78.5M Add +4.0%
TTE Totalenergies SE -Spon ADR 1.47% 1,184,797 $76.6M Add +19.5%
XOM Exxon Mobil Corp. 1.47% 643,878 $76.6M Add +1.4%
DTM DT Midstream Inc. 1.43% 776,587 $74.9M Add +1.6%
ATO Atmos Energy Corp. 1.42% 481,507 $74.4M Add +3.0%
XEL Xcel Energy Inc. 1.42% 1,048,712 $74.2M Add +3.2%
SHEL Shell PLC-ADR 1.39% 991,677 $72.7M Add +4.6%
TRP TC Energy Corp. 1.34% 1,485,886 $70.1M Add +2.5%
PEG Public Service Enterprise GP 1.34% 851,633 $70.1M Add +2.5%
CWEN.A Clearway Energy Inc. Class A 1.31% 2,410,162 $68.6M Add +2.5%
D Dominion Energy Inc. 1.31% 1,217,112 $68.2M Add +3.2%
CQP Cheniere Energy Partners LP 1.23% 974,558 $64.4M Reduce -28.2%
EVRG Evergy Inc. 1.06% 804,155 $55.4M Add +4.6%
UGI Ugi Corp. 0.98% 1,554,344 $51.4M Add +3.1%
VST Vistra Corp. 0.96% 427,339 $50.2M Add +3.2%
LNT Alliant Energy Corp. 0.94% 765,239 $49.2M Add +3.5%
OGS One Gas Inc. 0.94% 650,809 $49.2M Add +2.0%
WEC WEC Energy Group Inc. 0.93% 443,876 $48.4M Reduce -2.8%
CMS CMS Energy Corp. 0.91% 632,895 $47.5M Add +3.5%
HESM Hess Midstream LP Class A 0.87% 1,073,469 $45.4M Add +0.3%
NEE Nextera Energy Inc. 0.84% 619,732 $43.9M Add +2.6%
DUK Duke Energy Corp. 0.80% 342,939 $41.8M Add +2.0%
AROC Archrock Inc. 0.80% 1,590,585 $41.7M Add +0.4%
WLKP Westlake Chemical Partners L 0.77% 1,750,085 $40.4M Reduce -1.1%
IDA Idacorp Inc. 0.72% 323,029 $37.5M Add +55.3%
GNRC Generac Holdings Inc. 0.70% 290,101 $36.7M Add +3.9%
FLR Fluor Corp. 0.66% 957,491 $34.3M Add +9.9%
WTRG Essential Utilities Inc. 0.55% 720,884 $28.5M Add +3.6%
PAA Plains All Amer Pipeline LP 0.44% 1,151,986 $23.0M Reduce -11.0%
PCG P G & E Corp. 0.43% 1,297,092 $22.3M Reduce -32.5%
AEE Ameren Corporation 0.40% 209,354 $21.0M Add +3.3%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.40% 500,003 $20.9M Add +31.3%
EQT Eqt Corp. 0.38% 372,530 $19.9M Reduce -14.3%
AES AES Corp. 0.31% 1,285,674 $16.0M Add +1.1%
NJR New Jersey Resources Corp. 0.31% 324,997 $15.9M Add +4.2%
TXO Txo Partners LP 0.29% 783,614 $15.0M Add +8.7%
FE Firstenergy Corp. 0.28% 367,935 $14.9M Add +4.8%
GPOR Gulfport Energy Corp. 0.27% 77,077 $14.2M Add +2.6%
HAL Halliburton Co. 0.27% 554,372 $14.1M Add +28.4%
NI Nisource Inc. 0.27% 348,755 $14.0M Add +2.4%
EOG EOG Resources Inc. 0.25% 103,626 $13.3M Add +5.5%
CEG Constellation Energy 0.21% 55,544 $11.2M Add +2.8%
USAC USA Compression Partners LP 0.20% 381,787 $10.3M Add +1.6%
CPK Chesapeake Utilities Corp. 0.18% 74,608 $9.6M Add +3.7%
NOV Nov Inc. 0.16% 542,018 $8.2M Add +35.1%
KRP Kimbell Royalty Partners LP 0.16% 585,969 $8.2M Add +231.4%
FTI Technipfmc PLC 0.15% 240,478 $7.6M Add +1.0%
FANG Diamondback Energy Inc. 0.15% 47,449 $7.6M Add +24.1%
ALE Allete Inc. 0.14% 111,359 $7.3M Add +5.2%
CNR Core Natural Resources Inc. 0.12% 80,354 $6.2M New
EXE Expand Energy Corp. 0.12% 54,382 $6.1M Add +4.3%
RRC Range Resources Corp. 0.11% 149,677 $6.0M Add +3.8%
CTRA Coterra Energy Inc. 0.10% 184,240 $5.3M Reduce -6.6%
FTS Fortis Inc. 0.10% 114,800 $5.2M Reduce -0.8%
HP Helmerich & Payne 0.10% 191,519 $5.0M Add +10.6%
ARLP Alliance Resource Partners 0.09% 168,811 $4.6M Add +3.6%
EXC Exelon Corp. 0.07% 76,688 $3.5M Add +4.8%
NRP Natural Resource Partners LP 0.07% 32,807 $3.4M Add +4.4%
BKR Baker Hughes Co. 0.06% 77,048 $3.4M Add +1.2%
BP BP PLC-Spons ADR 0.06% 96,041 $3.2M Reduce -80.8%
WHD Cactus Inc. Class A 0.05% 58,446 $2.7M Add +3.8%
INSW International Seaways Inc. 0.04% 57,822 $1.9M Add +85.5%
AWK American Water Works Co. Inc. 0.03% 12,361 $1.8M Add +4.0%
DINO HF Sinclair Corp. 0.03% 54,890 $1.8M Add +85.9%
PSX Phillips 66 0.03% 14,035 $1.7M Add +54.2%
MPC Marathon Petroleum Corp. 0.03% 11,506 $1.7M Add +87.0%
DHT DHT Holdings Inc. 0.03% 144,247 $1.5M Add +85.0%
VLO Valero Energy Corp. 0.03% 10,812 $1.4M Add +2.2%
SM SM Energy Co. 0.02% 40,749 $1.2M Add +2.8%
FSLR First Solar Inc. 0.02% 9,257 $1.2M Add +0.8%
ECO Okeanis Eco Tankers Corp. 0.02% 51,189 $1.1M Add +84.5%
FRO Frontline PLC 0.02% 68,919 $1.0M Add +87.5%
J Jacobs Solutions Inc. 0.02% 7,447 $900K No change
OGE Oge Energy Corp. 0.00% 2,261 $104K New

Portfolio Sells Q4 2024 → Q1 2025
XIFR XPLR Infrastructure LP Sold out 0.00% −0.77
EPD Enterprise Products Partners Reduce -9.0% 8.36% −0.69
PCG P G & E Corp. Reduce -32.5% 0.43% −0.37
SOBO South Bow Corp. Sold out 0.00% −0.28
CQP Cheniere Energy Partners LP Reduce -28.2% 1.23% −0.25
BP BP PLC-Spons ADR Reduce -80.8% 0.06% −0.24
MPLX MPLX LP Reduce -6.4% 5.43% −0.14
LNG Cheniere Energy Inc. Reduce -5.1% 1.75% −0.09
WLKP Westlake Chemical Partners L Reduce -1.1% 0.77% −0.07
EQT Eqt Corp. Reduce -14.3% 0.38% −0.03
PAA Plains All Amer Pipeline LP Reduce -11.0% 0.44% −0.01
CTRA Coterra Energy Inc. Reduce -6.6% 0.10% −0.00
FTS Fortis Inc. Reduce -0.8% 0.10% +0.00
TRGP Targa Resources Corp. Reduce -2.7% 1.68% +0.03
WEC WEC Energy Group Inc. Reduce -2.8% 0.93% +0.04
NFG National Fuel Gas Co. Reduce -5.9% 3.41% +0.43

Portfolio Buys Q4 2024 → Q1 2025
SO The Southern Co. Add +35.9% 2.55% +0.75
PAGP Plains GP Holdings LP Add +2.0% 4.16% +0.40
ETR Entergy Corp. Add +16.7% 2.13% +0.39
TTE Totalenergies SE -Spon ADR Add +19.5% 1.47% +0.36
AEP American Electric Power Add +2.6% 2.50% +0.29
IDA Idacorp Inc. Add +55.3% 0.72% +0.25
DTE DTE Energy Company Add +4.0% 1.90% +0.19
SHEL Shell PLC-ADR Add +4.6% 1.39% +0.17
OKE Oneok Inc. Add +12.6% 4.26% +0.15
PPL PPL Corp. Add +3.4% 2.25% +0.15
CNP Centerpoint Energy Inc. Add +2.7% 1.75% +0.15
SUN Sunoco LP Add +2.6% 2.01% +0.15
CWEN.A Clearway Energy Inc. Class A Add +2.5% 1.31% +0.13
WMB Williams Cos Inc. Add +2.5% 2.39% +0.12
CNR Core Natural Resources Inc. New 0.12% +0.12
UGI Ugi Corp. Add +3.1% 0.98% +0.11
SLB SLB Ltd. Add +31.3% 0.40% +0.10
KRP Kimbell Royalty Partners LP Add +231.4% 0.16% +0.10
EVRG Evergy Inc. Add +4.6% 1.06% +0.09
ATO Atmos Energy Corp. Add +3.0% 1.42% +0.09
CMS CMS Energy Corp. Add +3.5% 0.91% +0.07
XOM Exxon Mobil Corp. Add +1.4% 1.47% +0.06
DUK Duke Energy Corp. Add +2.0% 0.80% +0.06
HESM Hess Midstream LP Class A Add +0.3% 0.87% +0.05
LNT Alliant Energy Corp. Add +3.5% 0.94% +0.04
TXO Txo Partners LP Add +8.7% 0.29% +0.04
NOV Nov Inc. Add +35.1% 0.16% +0.04
OGS One Gas Inc. Add +2.0% 0.94% +0.03
AEE Ameren Corporation Add +3.3% 0.40% +0.03
HAL Halliburton Co. Add +28.4% 0.27% +0.03
WTRG Essential Utilities Inc. Add +3.6% 0.55% +0.03
FANG Diamondback Energy Inc. Add +24.1% 0.15% +0.02
USAC USA Compression Partners LP Add +1.6% 0.20% +0.02
MPC Marathon Petroleum Corp. Add +87.0% 0.03% +0.01
DHT DHT Holdings Inc. Add +85.0% 0.03% +0.01
INSW International Seaways Inc. Add +85.5% 0.04% +0.01
DINO HF Sinclair Corp. Add +85.9% 0.03% +0.01
XEL Xcel Energy Inc. Add +3.2% 1.42% +0.01
PSX Phillips 66 Add +54.2% 0.03% +0.01
EXC Exelon Corp. Add +4.8% 0.07% +0.01
NI Nisource Inc. Add +2.4% 0.27% +0.01
ECO Okeanis Eco Tankers Corp. Add +84.5% 0.02% +0.01
EXE Expand Energy Corp. Add +4.3% 0.12% +0.01
FRO Frontline PLC Add +87.5% 0.02% +0.01
RRC Range Resources Corp. Add +3.8% 0.11% +0.01
EOG EOG Resources Inc. Add +5.5% 0.25% +0.01
NJR New Jersey Resources Corp. Add +4.2% 0.31% +0.01
AWK American Water Works Co. Inc. Add +4.0% 0.03% +0.00
FTI Technipfmc PLC Add +1.0% 0.15% +0.00
CPK Chesapeake Utilities Corp. Add +3.7% 0.18% +0.00

Options Activity Q4 2024 → Q1 2025
XIFR XPLR Infrastructure LP put Sold out 67,000 $1.2Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 88$6.4BEPD, ET, MPLX, KMI, NFG
Q1 2026 87$6.2BEPD, ET, MPLX, KMI, NFG
Q4 2025 88$5.5BEPD, ET, MPLX, KMI, NFG
Q3 2025 90$5.2BEPD, ET, MPLX, NFG, PAGP
Q2 2025 92$5.1BEPD, ET, MPLX, PAGP, NFG
Q1 2025 93$5.2BEPD, ET, MPLX, OKE, PAGP
Q4 2024 93$4.9BEPD, ET, MPLX, OKE, SRE
Q3 2024 87$4.7BEPD, ET, OKE, KMI, MPLX
Q2 2024 81$4.5BEPD, ET, OKE, KMI, MPLX
Q1 2024 83$4.9BEPD, ET, OKE, MPLX, DTM