CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT

13F filer · CIK 0001329375

Reported Jul 28, 2026

Net buyer this quarter

13F portfolio value$2.23BU.S. long equity reported on 13F

Positions7314 new · 5 closed

Net flow last quarter+$102MBuys minus sells

Top 10 positions weight48.3%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Jul 28, 202673 positions
TRGPTarga Resources Corp.	$165M	7.37%	0.29%	-5.8%	Q2 2013
ETEnergy Transfer LP	$151M	6.78%	0.23%	-0.9%	Q2 2013
WMBWilliams Companies, Inc.	$139M	6.21%	0.15%	+9.8%	Q2 2013
DTMDT Midstream, Inc.	$107M	4.79%	0.72%	+0.4%	Q3 2021
PAGPPlains GP Holdings LP	$92.1M	4.12%	1.92%	+9.7%	Q4 2013
MPLXMPLX LP	$91M	4.07%	0.16%	-13.2%	Q2 2013
OKEOneok Inc	$85.7M	3.84%	0.16%	-7.9%	Q2 2013
KNTKKinetik Holdings Inc.	$84.7M	3.79%	1.32%	-6.5%	Q3 2020
TRPTC Energy Corp	$82.6M	3.70%	Not reported	-2.7%	Q2 2019
LNGCheniere Energy, Inc.	$80.7M	3.61%	0.16%	+20.7%	Q4 2013
KMIKinder Morgan, Inc.	$65.2M	2.92%	0.09%	-25.1%	Q2 2013
EPDEnterprise Products Partners L.P.	$57.5M	2.58%	0.07%	-10.3%	Q2 2013
WESWestern Midstream Partners, LP	$55.1M	2.47%	0.32%	-24.9%	Q2 2013
PBAPembina Pipeline Corp	$53.6M	2.40%	0.20%	-14.7%	Q1 2018
ENBEnbridge Inc	$51.9M	2.32%	0.04%	-4.5%	Q3 2017
BEBloom Energy Corp	$41.4M	1.85%	0.05%	+1.4%	Q1 2021
AGXArgan Inc	$36.3M	1.63%	0.32%	+19.7%	Q2 2025
MTZMastec Inc	$34.4M	1.54%	0.10%	+16.8%	Q2 2014
GEVGE Vernova Inc.	$33.7M	1.51%	0.01%	+19.6%	Q4 2024
SEISolaris Energy Infrastructure, Inc.	$33.6M	1.50%	Not reported	+7.7%	Q4 2025
PWRQuanta Services, Inc.	$31.5M	1.41%	0.03%	+15.3%	Q2 2013
VSTVistra Corp.	$31.4M	1.41%	0.06%	+7.8%	Q4 2018
NRGNRG Energy, Inc.	$31.1M	1.39%	0.10%	+24.8%	Q4 2013
SOBOSouth Bow Corp	$30.1M	1.35%	0.41%	-1.2%	Q4 2024
TLNTalen Energy Corp	$29.5M	1.32%	0.16%	-14.0%	Q3 2024
SUNCSunocoCorp LLC	$27.5M	1.23%	0.79%	+103.0%	Q1 2026
CEGConstellation Energy Corp	$26.6M	1.19%	0.03%	+29.4%	Q1 2024
DYDycom Industries Inc	$26.3M	1.18%	0.17%	+44.4%	Q4 2025
PANWPalo Alto Networks Inc	$25.6M	1.14%	0.01%	+4.2%	Q4 2024
EEExcelerate Energy, Inc.	$24.7M	1.10%	Not reported	+100.0%	Q3 2022
KGSKodiak Gas Services, Inc.	$22.5M	1.01%	0.30%	New	Q2 2026
CRWDCrowdStrike Holdings, Inc.	$22.1M	0.99%	0.01%	-3.3%	Q1 2024
DOCNDigitalOcean Holdings, Inc.	$22M	0.99%	0.13%	+6.2%	Q4 2025
NXTNextpower Inc.	$21.6M	0.96%	0.13%	+26.6%	Q2 2024
EQTEQT Corp	$21.4M	0.96%	0.06%	Not reported	Q4 2015
WBIWaterBridge Infrastructure LLC	$21.2M	0.95%	Not reported	+206.2%	Q1 2026
WTTRSelect Water Solutions, Inc.	$20.4M	0.91%	2.53%	+142.9%	Q2 2017
MWHSOLV Energy, Inc.	$17.7M	0.79%	Not reported	+160.0%	Q1 2026
STRLSterling Infrastructure, Inc.	$17.2M	0.77%	0.07%	+77.9%	Q4 2016
VGVenture Global, Inc.	$15.5M	0.69%	Not reported	New	Q2 2026
NETCloudflare, Inc.	$14.7M	0.66%	Not reported	+20.0%	Q2 2025
IRDMIridium Communications Inc.	$12.9M	0.58%	0.22%	New	Q2 2026
MPCMarathon Petroleum Corp	$12.7M	0.57%	0.02%	-65.1%	Q2 2013
PSXPhillips 66	$12.4M	0.55%	0.02%	-59.4%	Q2 2013
ETREntergy Corp	$11.5M	0.51%	0.02%	+58.7%	Q4 2024
ENTGEntegris Inc	$10.6M	0.47%	0.04%	New	Q2 2026
EROKEagleRock Land, LLC	$9.99M	0.45%	Not reported	New	Q2 2026
SNOWSnowflake Inc.	$8.65M	0.39%	0.01%	+17.2%	Q3 2025
NBISNebius Group N.V.	$8.64M	0.39%	0.01%	New	Q2 2026
DLRDigital Realty Trust, Inc.	$8.44M	0.38%	0.01%	+38.2%	Q2 2020

Q1 2026Reported Apr 28, 202664 positions
TRGPTarga Resources Corp.	$164M	8.10%	0.30%	-4.3%	Q2 2013
ETEnergy Transfer LP	$154M	7.64%	0.23%	+0.1%	Q2 2013
WMBWilliams Companies, Inc.	$124M	6.13%	0.14%	+6.6%	Q2 2013
MPLXMPLX LP	$106M	5.25%	0.18%	-1.3%	Q2 2013
DTMDT Midstream, Inc.	$97.9M	4.85%	0.71%	-3.0%	Q3 2021
OKEOneok Inc	$96.7M	4.79%	0.17%	-17.6%	Q2 2013
KMIKinder Morgan, Inc.	$91.3M	4.52%	0.12%	-5.0%	Q2 2013
KNTKKinetik Holdings Inc.	$90.7M	4.49%	1.42%	+1.7%	Q3 2020
PAGPPlains GP Holdings LP	$84M	4.16%	1.75%	-7.1%	Q4 2013
TRPTC Energy Corp	$80.2M	3.97%	Not reported	-1.2%	Q2 2019
LNGCheniere Energy, Inc.	$79.4M	3.93%	0.13%	-13.9%	Q4 2013
WESWestern Midstream Partners, LP	$69M	3.42%	0.43%	+8.8%	Q2 2013
EPDEnterprise Products Partners L.P.	$66M	3.27%	0.08%	-2.6%	Q2 2013
PBAPembina Pipeline Corp	$60.7M	3.01%	0.23%	+0.7%	Q1 2018
ENBEnbridge Inc	$54.2M	2.68%	0.05%	+66.5%	Q3 2017
MPCMarathon Petroleum Corp	$34.9M	1.73%	0.05%	+73.1%	Q2 2013
PSXPhillips 66	$32.8M	1.62%	0.04%	-5.7%	Q2 2013
SOBOSouth Bow Corp	$28.8M	1.43%	0.42%	-41.9%	Q4 2024
TLNTalen Energy Corp	$28.5M	1.41%	0.20%	-23.8%	Q3 2024
VSTVistra Corp.	$27.6M	1.37%	0.05%	-12.0%	Q4 2018
EQTEQT Corp	$25.7M	1.27%	0.06%	+17.1%	Q4 2015
NRGNRG Energy, Inc.	$24.9M	1.23%	0.08%	+5.3%	Q4 2013
CEGConstellation Energy Corp	$23.1M	1.14%	0.02%	-29.1%	Q1 2024
MTZMastec Inc	$22.8M	1.13%	0.09%	+0.6%	Q2 2014
SEISolaris Energy Infrastructure, Inc.	$21.9M	1.09%	Not reported	+536.1%	Q4 2025
PRIMPrimoris Services Corp	$21.7M	1.08%	0.28%	+19.7%	Q1 2014
GEVGE Vernova Inc.	$20.9M	1.04%	0.01%	-49.8%	Q4 2024
PWRQuanta Services, Inc.	$20.9M	1.03%	0.03%	-2.6%	Q2 2013
AGXArgan Inc	$20.7M	1.02%	0.27%	+8.6%	Q2 2025
BEBloom Energy Corp	$18.3M	0.91%	0.05%	+17.4%	Q1 2021
NXTNextpower Inc.	$17.2M	0.85%	0.10%	-12.3%	Q2 2024
APCARKO Petroleum Corp.	$12.7M	0.63%	71245.10%	New	Q1 2026
SUNCSunocoCorp LLC	$12.3M	0.61%	0.39%	New	Q1 2026
DYDycom Industries Inc	$12.2M	0.60%	0.12%	+140.0%	Q4 2025
CRWDCrowdStrike Holdings, Inc.	$11.7M	0.58%	0.01%	+20.0%	Q1 2024
PANWPalo Alto Networks Inc	$11.5M	0.57%	0.01%	+53.2%	Q4 2024
DOCNDigitalOcean Holdings, Inc.	$11.3M	0.56%	0.13%	+14.0%	Q4 2025
EEExcelerate Energy, Inc.	$10.9M	0.54%	Not reported	Not reported	Q3 2022
NETCloudflare, Inc.	$10.3M	0.51%	Not reported	+66.7%	Q2 2025
VNOMViper Energy, Inc.	$9.63M	0.48%	Not reported	-26.5%	Q2 2015
NEENextera Energy Inc	$8.82M	0.44%	0.00%	+90.0%	Q2 2014
TXOTXO Partners, L.P.	$7.31M	0.36%	1.05%	Not reported	Q1 2023
ETREntergy Corp	$7.08M	0.35%	0.01%	Not reported	Q4 2024
WTTRSelect Water Solutions, Inc.	$6.43M	0.32%	1.04%	Not reported	Q2 2017
DLRDigital Realty Trust, Inc.	$6.13M	0.30%	0.01%	Not reported	Q2 2020
MWHSOLV Energy, Inc.	$6.01M	0.30%	Not reported	New	Q1 2026
WBIWaterBridge Infrastructure LLC	$5.42M	0.27%	Not reported	New	Q1 2026
IRENIREN Ltd	$5.38M	0.27%	0.05%	+2.6%	Q4 2025
ARLPAlliance Resource Partners LP	$5.28M	0.26%	0.15%	Not reported	Q2 2013
STRLSterling Infrastructure, Inc.	$4.7M	0.23%	0.04%	Not reported	Q4 2016

Q4 2025Reported Jan 27, 202659 positions
ETEnergy Transfer LP	$132M	7.56%	0.23%	-2.7%	Q2 2013
TRGPTarga Resources Corp.	$126M	7.21%	0.32%	-0.2%	Q2 2013
MPLXMPLX LP	$101M	5.77%	0.19%	+8.7%	Q2 2013
WMBWilliams Companies, Inc.	$95.9M	5.50%	0.13%	+32.9%	Q2 2013
OKEOneok Inc	$95.4M	5.47%	0.21%	+16.2%	Q2 2013
DTMDT Midstream, Inc.	$89.7M	5.14%	0.74%	+10.3%	Q3 2021
KMIKinder Morgan, Inc.	$78.8M	4.52%	0.13%	+8.9%	Q2 2013
PAGPPlains GP Holdings LP	$71.3M	4.09%	1.88%	+3.9%	Q4 2013
TRPTC Energy Corp	$71.3M	4.09%	Not reported	-5.1%	Q2 2019
KNTKKinetik Holdings Inc.	$66.5M	3.81%	1.39%	+86.5%	Q3 2020
LNGCheniere Energy, Inc.	$63.1M	3.62%	0.15%	-28.0%	Q4 2013
WESWestern Midstream Partners, LP	$60.9M	3.49%	0.38%	+21.2%	Q2 2013
EPDEnterprise Products Partners L.P.	$57.5M	3.30%	0.08%	-10.0%	Q2 2013
PBAPembina Pipeline Corp	$51.3M	2.94%	0.23%	-14.0%	Q1 2018
HESMHess Midstream LP	$46.8M	2.69%	1.05%	-41.4%	Q2 2017
TLNTalen Energy Corp	$43.9M	2.52%	0.26%	+10.7%	Q3 2024
CEGConstellation Energy Corp	$41.2M	2.36%	0.04%	-2.5%	Q1 2024
SOBOSouth Bow Corp	$40.9M	2.35%	0.72%	-2.6%	Q4 2024
VSTVistra Corp.	$33.7M	1.93%	0.06%	-9.5%	Q4 2018
GEVGE Vernova Inc.	$31.3M	1.79%	0.02%	+2.4%	Q4 2024
ENBEnbridge Inc	$28.8M	1.65%	0.03%	+19.9%	Q3 2017
NRGNRG Energy, Inc.	$25.8M	1.48%	0.09%	+6.6%	Q4 2013
PSXPhillips 66	$24.6M	1.41%	0.05%	-9.0%	Q2 2013
EQTEQT Corp	$18.5M	1.06%	0.06%	-2.6%	Q4 2015
FSLRFirst Solar, Inc.	$17.8M	1.02%	0.06%	+9.7%	Q4 2019
PWRQuanta Services, Inc.	$16.5M	0.94%	0.03%	+11.4%	Q2 2013
PRIMPrimoris Services Corp	$15.8M	0.90%	0.24%	+47.7%	Q1 2014
MTZMastec Inc	$15.3M	0.88%	0.09%	+50.0%	Q2 2014
NXTNextpower Inc.	$14.2M	0.81%	0.12%	+52.3%	Q2 2024
MPCMarathon Petroleum Corp	$13.4M	0.77%	0.03%	-3.5%	Q2 2013
CRWDCrowdStrike Holdings, Inc.	$11.7M	0.67%	0.01%	+8.7%	Q1 2024
AGXArgan Inc	$11M	0.63%	0.25%	+12.9%	Q2 2025
VNOMViper Energy, Inc.	$10.8M	0.62%	Not reported	Not reported	Q2 2015
BEBloom Energy Corp	$9.99M	0.57%	0.05%	-38.5%	Q1 2021
PANWPalo Alto Networks Inc	$8.66M	0.50%	0.01%	Not reported	Q4 2024
CVECenovus Energy Inc.	$7.78M	0.45%	0.02%	+33.7%	Q4 2014
TXOTXO Partners, L.P.	$6.2M	0.36%	1.06%	Not reported	Q1 2023
NETCloudflare, Inc.	$5.91M	0.34%	Not reported	Not reported	Q2 2025
ETREntergy Corp	$5.82M	0.33%	0.01%	Not reported	Q4 2024
IRENIREN Ltd	$5.78M	0.33%	0.05%	New	Q4 2025
AMAntero Midstream Corp	$5.62M	0.32%	0.07%	-65.1%	Q4 2014
DOCNDigitalOcean Holdings, Inc.	$5.58M	0.32%	0.13%	New	Q4 2025
DLRDigital Realty Trust, Inc.	$5.26M	0.30%	0.01%	Not reported	Q2 2020
DYDycom Industries Inc	$5.07M	0.29%	0.05%	New	Q4 2025
SNOWSnowflake Inc.	$5.05M	0.29%	0.01%	+76.9%	Q3 2025
MSFTMicrosoft Corp	$4.84M	0.28%	0.00%	Not reported	Q4 2019
ORCLOracle Corp	$4.48M	0.26%	0.00%	New	Q4 2025
ARLPAlliance Resource Partners LP	$4.44M	0.25%	0.15%	-20.8%	Q2 2013
NEENextera Energy Inc	$4.01M	0.23%	0.00%	Not reported	Q2 2014
PEGPublic Service Enterprise Group Inc	$3.93M	0.23%	0.01%	Not reported	Q2 2024

Q3 2025Reported Oct 20, 202558 positions
ETEnergy Transfer LP	$141M	8.00%	0.24%	+14.3%	Q2 2013
TRGPTarga Resources Corp.	$114M	6.49%	0.32%	+2.4%	Q2 2013
LNGCheniere Energy, Inc.	$106M	6.01%	0.21%	-2.0%	Q4 2013
MPLXMPLX LP	$86.6M	4.92%	0.17%	+1.1%	Q2 2013
OKEOneok Inc	$81.5M	4.63%	0.18%	-15.7%	Q2 2013
HESMHess Midstream LP	$80.1M	4.54%	1.77%	+0.9%	Q2 2017
DTMDT Midstream, Inc.	$76.8M	4.36%	0.67%	-9.2%	Q3 2021
WMBWilliams Companies, Inc.	$76M	4.32%	0.10%	+0.8%	Q2 2013
KMIKinder Morgan, Inc.	$74.5M	4.23%	0.12%	+4.6%	Q2 2013
TRPTC Energy Corp	$74.3M	4.22%	Not reported	+9.2%	Q2 2019
PAGPPlains GP Holdings LP	$65.4M	3.71%	1.81%	+1.2%	Q4 2013
PBAPembina Pipeline Corp	$63.3M	3.60%	0.27%	-7.2%	Q1 2018
EPDEnterprise Products Partners L.P.	$62.3M	3.54%	0.09%	+1.8%	Q2 2013
WESWestern Midstream Partners, LP	$49.9M	2.83%	0.33%	+5.6%	Q2 2013
VSTVistra Corp.	$45.2M	2.57%	0.07%	+13.1%	Q4 2018
TLNTalen Energy Corp	$45M	2.56%	0.23%	-0.1%	Q3 2024
SOBOSouth Bow Corp	$43.3M	2.46%	0.74%	+0.3%	Q4 2024
KNTKKinetik Holdings Inc.	$42.2M	2.40%	0.75%	+26.9%	Q3 2020
CEGConstellation Energy Corp	$39.4M	2.24%	0.04%	+8.8%	Q1 2024
GEVGE Vernova Inc.	$28.7M	1.63%	0.02%	+46.1%	Q4 2024
PSXPhillips 66	$28.5M	1.62%	0.05%	+5.0%	Q2 2013
ENBEnbridge Inc	$25.3M	1.44%	0.02%	+66.3%	Q3 2017
NRGNRG Energy, Inc.	$24.6M	1.40%	0.08%	+108.2%	Q4 2013
EQTEQT Corp	$19.2M	1.09%	0.06%	Not reported	Q4 2015
AMAntero Midstream Corp	$17.6M	1.00%	0.19%	+17.1%	Q4 2014
MPCMarathon Petroleum Corp	$16.5M	0.94%	0.03%	Not reported	Q2 2013
BEBloom Energy Corp	$15.8M	0.90%	0.08%	-53.3%	Q1 2021
PWRQuanta Services, Inc.	$14.5M	0.82%	0.02%	+16.7%	Q2 2013
FSLRFirst Solar, Inc.	$13.7M	0.78%	0.06%	+12.7%	Q4 2019
PRIMPrimoris Services Corp	$11.8M	0.67%	0.16%	+24.6%	Q1 2014
GELGenesis Energy LP	$11.5M	0.65%	0.77%	Not reported	Q2 2013
CRWDCrowdStrike Holdings, Inc.	$11.3M	0.64%	0.01%	+228.6%	Q1 2024
VNOMViper Energy, Inc.	$10.7M	0.61%	Not reported	+9.8%	Q2 2015
EIXEdison International	$10.5M	0.60%	0.05%	New	Q3 2025
MTZMastec Inc	$10M	0.57%	0.06%	+56.7%	Q2 2014
PANWPalo Alto Networks Inc	$9.57M	0.54%	0.01%	+56.7%	Q4 2024
AGXArgan Inc	$8.37M	0.48%	0.22%	+287.5%	Q2 2025
TXOTXO Partners, L.P.	$8.16M	0.46%	1.06%	+9.6%	Q1 2023
MSTRStrategy Inc	$8.06M	0.46%	Not reported	+25.0%	Q2 2025
NXTNextpower Inc.	$7.92M	0.45%	0.08%	+23.0%	Q2 2024
ITRIItron, Inc.	$6.73M	0.38%	0.12%	+35.0%	Q1 2019
TMUST-Mobile US, Inc.	$6.46M	0.37%	0.00%	+42.1%	Q3 2024
NETCloudflare, Inc.	$6.44M	0.37%	Not reported	+100.0%	Q2 2025
ARLPAlliance Resource Partners LP	$6.09M	0.35%	0.19%	Not reported	Q2 2013
DLRDigital Realty Trust, Inc.	$5.88M	0.33%	0.01%	+100.0%	Q2 2020
ETREntergy Corp	$5.87M	0.33%	0.01%	+152.0%	Q4 2024
CVECenovus Energy Inc.	$5.84M	0.33%	0.02%	Not reported	Q4 2014
EQIXEquinix Inc	$5.48M	0.31%	0.01%	+75.0%	Q4 2019
NTNXNutanix, Inc.	$4.46M	0.25%	0.02%	+71.4%	Q2 2024
SOSouthern Co	$4.26M	0.24%	0.00%	+36.4%	Q2 2013

Premium opens every quarter this fund has filed