Energy Income Partners, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Energy Income Partners, LLC reported 88 stock positions worth $5.5 billion. Its top holding was Enterprise Products Partners (EPD) at 8.6% of the portfolio, followed by Energy Transfer (ET, 7.5%) and MPLX (MPLX, 5.1%). Compared with Q3 2025, it opened 5 new positions, sold out of 7, added to 53 and reduced 30. The biggest buy was a new position in Cummins (CMI) and the biggest sale DT Midstream (DTM, shares −58%).
- Most Recent 13F
- Q2 2026
- Location
- Westport, CT
- CIK
- 0001388814
- Portfolio Value
- $5.5B (Q4 2025)
- SEC Filing
- 0001104659-26-016074 ↗ filed Feb 17, 2026
Holdings Value
Holdings 88 stocks · $5.5B
| EPD Enterprise Products Partners | 8.65% | 14,890,183 | $477.4M | Add +1.3% |
| ET Energy Transfer LP | 7.51% | 25,158,105 | $414.9M | Add +7.7% |
| MPLX MPLX LP | 5.12% | 5,299,724 | $282.8M | Reduce -6.4% |
| KMI Kinder Morgan Inc. | 3.97% | 7,965,772 | $219.0M | Add +24.4% |
| NFG National Fuel Gas Co. | 3.71% | 2,561,069 | $205.0M | Add +11.7% |
| PAGP Plains GP Holdings LP | 3.07% | 8,854,011 | $169.5M | Reduce -13.2% |
| SO The Southern Co. | 2.83% | 1,790,325 | $156.1M | Add +40.5% |
| PPL PPL Corp. | 2.52% | 3,966,363 | $138.9M | Add +18.9% |
| DUK Duke Energy Corp. | 2.36% | 1,110,993 | $130.2M | Add +185.1% |
| ETR Entergy Corp. | 2.19% | 1,306,463 | $120.8M | Add +8.1% |
| SRE Sempra | 2.12% | 1,322,776 | $116.8M | Add +64.4% |
| TRGP Targa Resources Corp. | 1.89% | 565,974 | $104.4M | Reduce -1.4% |
| SUN Sunoco LP | 1.86% | 1,955,895 | $102.5M | Add +2.0% |
| OGS One Gas Inc. | 1.84% | 1,316,991 | $101.7M | Add +55.6% |
| PWR Quanta Services Inc. | 1.67% | 218,559 | $92.2M | Reduce -29.1% |
| AEP American Electric Power | 1.66% | 792,553 | $91.4M | Reduce -27.4% |
| LNG Cheniere Energy Inc. | 1.65% | 467,418 | $90.9M | Add +12.2% |
| EVRG Evergy Inc. | 1.61% | 1,222,554 | $88.6M | Add +11.2% |
| WMB Williams Cos Inc. | 1.57% | 1,444,885 | $86.9M | Reduce -28.5% |
| CQP Cheniere Energy Partners LP | 1.56% | 1,613,522 | $86.3M | Add +54.2% |
| NJR New Jersey Resources Corp. | 1.54% | 1,846,224 | $85.1M | Add +94.0% |
| CMI Cummins Inc. | 1.53% | 165,830 | $84.6M | New |
| CNP Centerpoint Energy Inc. | 1.50% | 2,162,187 | $82.9M | Add +3.2% |
| XOM Exxon Mobil Corp. | 1.46% | 670,808 | $80.7M | Add +7.7% |
| OKE Oneok Inc. | 1.43% | 1,071,726 | $78.8M | Reduce -40.8% |
| WEC WEC Energy Group Inc. | 1.42% | 742,959 | $78.4M | Add +67.2% |
| OGE Oge Energy Corp. | 1.41% | 1,820,608 | $77.7M | New |
| FE Firstenergy Corp. | 1.38% | 1,696,759 | $76.0M | Add +355.4% |
| CWEN.A Clearway Energy Inc. Class A | 1.36% | 2,384,992 | $74.9M | Add +5.8% |
| SHEL Shell PLC-ADR | 1.33% | 998,743 | $73.4M | Add +6.6% |
| DTE DTE Energy Company | 1.33% | 568,407 | $73.3M | Reduce -13.6% |
| GNRC Generac Holdings Inc. | 1.30% | 528,331 | $72.0M | Add +163.6% |
| NEE Nextera Energy Inc. | 1.17% | 806,987 | $64.8M | Add +29.6% |
| D Dominion Energy Inc. | 1.16% | 1,093,652 | $64.1M | Reduce -9.0% |
| ATO Atmos Energy Corp. | 1.09% | 359,821 | $60.3M | Reduce -25.9% |
| TRP TC Energy Corp. | 1.09% | 1,094,185 | $60.2M | Reduce -19.7% |
| PEG Public Service Enterprise GP | 1.03% | 706,909 | $56.8M | Add +6.3% |
| VST Vistra Corp. | 1.01% | 344,531 | $55.6M | Add +15.9% |
| LNT Alliant Energy Corp. | 0.94% | 802,252 | $52.2M | Add +4.2% |
| DTM DT Midstream Inc. | 0.92% | 425,669 | $50.9M | Reduce -57.7% |
| CMS CMS Energy Corp. | 0.91% | 721,101 | $50.4M | Add +9.3% |
| AEE Ameren Corporation | 0.90% | 495,205 | $49.5M | Add +70.2% |
| IDA Idacorp Inc. | 0.90% | 390,654 | $49.4M | Add +7.6% |
| ENB Enbridge Inc. | 0.88% | 1,018,379 | $48.7M | Reduce -32.0% |
| UGI Ugi Corp. | 0.84% | 1,243,329 | $46.5M | Reduce -19.3% |
| XEL Xcel Energy Inc. | 0.80% | 601,261 | $44.4M | Reduce -37.8% |
| AROC Archrock Inc. | 0.76% | 1,611,519 | $41.9M | Reduce -2.2% |
| TTE Totalenergies SE -Spon ADR | 0.70% | 591,377 | $38.7M | Reduce -42.1% |
| SR Spire Inc. | 0.59% | 395,765 | $32.7M | New |
| WLKP Westlake Chemical Partners L | 0.54% | 1,564,489 | $29.7M | Reduce -11.9% |
| ENS Enersys | 0.54% | 202,482 | $29.7M | New |
| AES AES Corp. | 0.47% | 1,793,984 | $25.7M | Add +44.6% |
| PCG P G & E Corp. | 0.44% | 1,528,031 | $24.6M | Add +15.4% |
| PAA Plains All Amer Pipeline LP | 0.44% | 1,339,457 | $24.1M | Add +2.8% |
| CPK Chesapeake Utilities Corp. | 0.39% | 170,571 | $21.3M | Add +0.8% |
| WTRG Essential Utilities Inc. | 0.34% | 491,494 | $18.9M | Reduce -32.4% |
| CEG Constellation Energy | 0.34% | 53,320 | $18.8M | Add +0.1% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.33% | 475,419 | $18.2M | Reduce -13.9% |
| BKR Baker Hughes Co. | 0.33% | 395,555 | $18.0M | Add +408.6% |
| HAL Halliburton Co. | 0.30% | 594,680 | $16.8M | Add +1.2% |
| EOG EOG Resources Inc. | 0.29% | 153,129 | $16.1M | Add +33.6% |
| CTRA Coterra Energy Inc. | 0.26% | 534,886 | $14.1M | Add +145.0% |
| EQT Eqt Corp. | 0.25% | 254,597 | $13.6M | Reduce -29.5% |
| CAT Caterpillar Inc. | 0.24% | 23,071 | $13.2M | New |
| TXO Txo Partners LP | 0.22% | 1,136,908 | $12.1M | Reduce -0.2% |
| RRC Range Resources Corp. | 0.22% | 342,494 | $12.1M | Add +55.9% |
| CNR Core Natural Resources Inc. | 0.21% | 132,254 | $11.7M | Add +40.5% |
| EXE Expand Energy Corp. | 0.20% | 101,384 | $11.2M | Add +86.3% |
| FTI Technipfmc PLC | 0.19% | 239,996 | $10.7M | Add +1.3% |
| GPOR Gulfport Energy Corp. | 0.19% | 49,794 | $10.4M | Reduce -35.7% |
| WHD Cactus Inc. Class A | 0.17% | 202,635 | $9.3M | Add +10.6% |
| EXC Exelon Corp. | 0.14% | 180,170 | $7.9M | Add +132.0% |
| FANG Diamondback Energy Inc. | 0.14% | 49,612 | $7.5M | Add +3.4% |
| ARLP Alliance Resource Partners | 0.13% | 299,842 | $7.0M | Add +52.1% |
| FLR Fluor Corp. | 0.10% | 141,195 | $5.6M | Reduce -86.4% |
| NI Nisource Inc. | 0.09% | 124,943 | $5.2M | Reduce -64.2% |
| INSW International Seaways Inc. | 0.07% | 79,649 | $3.9M | Add +1.3% |
| NOV Nov Inc. | 0.07% | 232,310 | $3.6M | Reduce -62.8% |
| HP Helmerich & Payne | 0.06% | 117,776 | $3.4M | Reduce -60.1% |
| FSLR First Solar Inc. | 0.05% | 9,652 | $2.5M | Add +7.8% |
| ECO Okeanis Eco Tankers Corp. | 0.04% | 66,868 | $2.3M | Add +1.3% |
| FRO Frontline PLC | 0.03% | 87,514 | $1.9M | Add +1.3% |
| DHT DHT Holdings Inc. | 0.03% | 153,441 | $1.9M | Add +1.3% |
| PSX Phillips 66 | 0.03% | 13,501 | $1.7M | Add +1.3% |
| MPC Marathon Petroleum Corp. | 0.03% | 10,092 | $1.6M | Add +1.4% |
| DINO HF Sinclair Corp. | 0.03% | 33,789 | $1.6M | Reduce -51.9% |
| VLO Valero Energy Corp. | 0.02% | 6,707 | $1.1M | Reduce -43.0% |
| J Jacobs Solutions Inc. | 0.02% | 8,034 | $1.1M | Reduce -1.0% |
Portfolio Sells Q3 2025 → Q4 2025
| DTM DT Midstream Inc. | Reduce -57.7% | 0.92% | −1.27 |
| OKE Oneok Inc. | Reduce -40.8% | 1.43% | −1.12 |
| WMB Williams Cos Inc. | Reduce -28.5% | 1.57% | −0.90 |
| PWR Quanta Services Inc. | Reduce -29.1% | 1.67% | −0.79 |
| FLR Fluor Corp. | Reduce -86.4% | 0.10% | −0.74 |
| AEP American Electric Power | Reduce -27.4% | 1.66% | −0.71 |
| XEL Xcel Energy Inc. | Reduce -37.8% | 0.80% | −0.70 |
| ENB Enbridge Inc. | Reduce -32.0% | 0.88% | −0.57 |
| PAGP Plains GP Holdings LP | Reduce -13.2% | 3.07% | −0.52 |
| ATO Atmos Energy Corp. | Reduce -25.9% | 1.09% | −0.51 |
| TTE Totalenergies SE -Spon ADR | Reduce -42.1% | 0.70% | −0.47 |
| DTE DTE Energy Company | Reduce -13.6% | 1.33% | −0.47 |
| TRP TC Energy Corp. | Reduce -19.7% | 1.09% | −0.34 |
| MPLX MPLX LP | Reduce -6.4% | 5.12% | −0.33 |
| ALE Allete Inc. | Sold out | 0.00% | −0.28 |
| D Dominion Energy Inc. | Reduce -9.0% | 1.16% | −0.26 |
| WTRG Essential Utilities Inc. | Reduce -32.4% | 0.34% | −0.22 |
| NI Nisource Inc. | Reduce -64.2% | 0.09% | −0.20 |
| USAC USA Compression Partners LP | Sold out | 0.00% | −0.19 |
| WLKP Westlake Chemical Partners L | Reduce -11.9% | 0.54% | −0.18 |
| KRP Kimbell Royalty Partners LP | Sold out | 0.00% | −0.17 |
| UGI Ugi Corp. | Reduce -19.3% | 0.84% | −0.14 |
| EQT Eqt Corp. | Reduce -29.5% | 0.25% | −0.13 |
| FTS Fortis Inc. | Sold out | 0.00% | −0.10 |
| NOV Nov Inc. | Reduce -62.8% | 0.07% | −0.09 |
| TXO Txo Partners LP | Reduce -0.2% | 0.22% | −0.09 |
| GPOR Gulfport Energy Corp. | Reduce -35.7% | 0.19% | −0.08 |
| AROC Archrock Inc. | Reduce -2.2% | 0.76% | −0.08 |
| NRP Natural Resource Partners LP | Sold out | 0.00% | −0.07 |
| HP Helmerich & Payne | Reduce -60.1% | 0.06% | −0.06 |
| DINO HF Sinclair Corp. | Reduce -51.9% | 0.03% | −0.04 |
| SLB SLB Ltd. | Reduce -13.9% | 0.33% | −0.04 |
| AWK American Water Works Co. Inc. | Sold out | 0.00% | −0.03 |
| SM SM Energy Co. | Sold out | 0.00% | −0.03 |
| VLO Valero Energy Corp. | Reduce -43.0% | 0.02% | −0.02 |
| J Jacobs Solutions Inc. | Reduce -1.0% | 0.02% | −0.00 |
| TRGP Targa Resources Corp. | Reduce -1.4% | 1.89% | +0.04 |
Portfolio Buys Q3 2025 → Q4 2025
| CMI Cummins Inc. | New | 1.53% | +1.53 |
| DUK Duke Energy Corp. | Add +185.1% | 2.36% | +1.43 |
| OGE Oge Energy Corp. | New | 1.41% | +1.41 |
| FE Firstenergy Corp. | Add +355.4% | 1.38% | +1.05 |
| SRE Sempra | Add +64.4% | 2.12% | +0.72 |
| NJR New Jersey Resources Corp. | Add +94.0% | 1.54% | +0.66 |
| GNRC Generac Holdings Inc. | Add +163.6% | 1.30% | +0.66 |
| SR Spire Inc. | New | 0.59% | +0.59 |
| ENS Enersys | New | 0.54% | +0.54 |
| OGS One Gas Inc. | Add +55.6% | 1.84% | +0.52 |
| SO The Southern Co. | Add +40.5% | 2.83% | +0.50 |
| CQP Cheniere Energy Partners LP | Add +54.2% | 1.56% | +0.48 |
| KMI Kinder Morgan Inc. | Add +24.4% | 3.97% | +0.47 |
| WEC WEC Energy Group Inc. | Add +67.2% | 1.42% | +0.44 |
| AEE Ameren Corporation | Add +70.2% | 0.90% | +0.31 |
| NEE Nextera Energy Inc. | Add +29.6% | 1.17% | +0.27 |
| BKR Baker Hughes Co. | Add +408.6% | 0.33% | +0.25 |
| CAT Caterpillar Inc. | New | 0.24% | +0.24 |
| CWEN.A Clearway Energy Inc. Class A | Add +5.8% | 1.36% | +0.19 |
| CTRA Coterra Energy Inc. | Add +145.0% | 0.26% | +0.16 |
| AES AES Corp. | Add +44.6% | 0.47% | +0.15 |
| PPL PPL Corp. | Add +18.9% | 2.52% | +0.13 |
| XOM Exxon Mobil Corp. | Add +7.7% | 1.46% | +0.11 |
| EXE Expand Energy Corp. | Add +86.3% | 0.20% | +0.09 |
| EXC Exelon Corp. | Add +132.0% | 0.14% | +0.07 |
| CNR Core Natural Resources Inc. | Add +40.5% | 0.21% | +0.06 |
| PCG P G & E Corp. | Add +15.4% | 0.44% | +0.06 |
| RRC Range Resources Corp. | Add +55.9% | 0.22% | +0.06 |
| EOG EOG Resources Inc. | Add +33.6% | 0.29% | +0.04 |
| SHEL Shell PLC-ADR | Add +6.6% | 1.33% | +0.04 |
| ARLP Alliance Resource Partners | Add +52.1% | 0.13% | +0.03 |
| WHD Cactus Inc. Class A | Add +10.6% | 0.17% | +0.03 |
| HAL Halliburton Co. | Add +1.2% | 0.30% | +0.03 |
| ETR Entergy Corp. | Add +8.1% | 2.19% | +0.02 |
| FTI Technipfmc PLC | Add +1.3% | 0.19% | +0.01 |
| SUN Sunoco LP | Add +2.0% | 1.86% | +0.01 |
| FSLR First Solar Inc. | Add +7.8% | 0.05% | +0.01 |
| PAA Plains All Amer Pipeline LP | Add +2.8% | 0.44% | +0.01 |
| ECO Okeanis Eco Tankers Corp. | Add +1.3% | 0.04% | +0.00 |
| CEG Constellation Energy | Add +0.1% | 0.34% | +0.00 |
| FANG Diamondback Energy Inc. | Add +3.4% | 0.14% | +0.00 |
| INSW International Seaways Inc. | Add +1.3% | 0.07% | +0.00 |
| DHT DHT Holdings Inc. | Add +1.3% | 0.03% | −0.00 |
| PSX Phillips 66 | Add +1.3% | 0.03% | −0.00 |
| FRO Frontline PLC | Add +1.3% | 0.03% | −0.00 |
| EVRG Evergy Inc. | Add +11.2% | 1.61% | −0.01 |
| MPC Marathon Petroleum Corp. | Add +1.4% | 0.03% | −0.01 |
| CMS CMS Energy Corp. | Add +9.3% | 0.91% | −0.02 |
| IDA Idacorp Inc. | Add +7.6% | 0.90% | −0.03 |
| PEG Public Service Enterprise GP | Add +6.3% | 1.03% | −0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 88 | $6.4B | EPD, ET, MPLX, KMI, NFG |
| Q1 2026 | 87 | $6.2B | EPD, ET, MPLX, KMI, NFG |
| Q4 2025 | 88 | $5.5B | EPD, ET, MPLX, KMI, NFG |
| Q3 2025 | 90 | $5.2B | EPD, ET, MPLX, NFG, PAGP |
| Q2 2025 | 92 | $5.1B | EPD, ET, MPLX, PAGP, NFG |
| Q1 2025 | 93 | $5.2B | EPD, ET, MPLX, OKE, PAGP |
| Q4 2024 | 93 | $4.9B | EPD, ET, MPLX, OKE, SRE |
| Q3 2024 | 87 | $4.7B | EPD, ET, OKE, KMI, MPLX |
| Q2 2024 | 81 | $4.5B | EPD, ET, OKE, KMI, MPLX |
| Q1 2024 | 83 | $4.9B | EPD, ET, OKE, MPLX, DTM |