The US energy services sector is seeing a significant reallocation of capital toward midstream gas infrastructure and next-generation nuclear technology, driven by volatile global oil prices and breakthroughs in unconventional exploration, according to people familiar with the matter. Several key players are actively raising their full-year forecasts amid the tight market.

Expand Energy (EXE.US)

Expand Energy (EXE.US) has solidified its position as the largest independent US natural gas producer by net daily volume. Formed from the 2024 merger between Chesapeake Energy and Southwestern Energy, the company is targeting optimized production across the Appalachian and Haynesville shales. The consolidation has set a new benchmark for North American gas capacity moving deeper into 2026.

Antero Midstream (AM.US)

Antero Midstream (AM.US) is converting its Appalachian basin gathering networks into steady cash generation. For the first quarter of 2026, the company reported a 14% year-over-year increase in gathering volumes and an adjusted EBITDA of USD 288M, up 5%. The firm is expected to evaluate further incremental acquisitions, building on its USD 1.1B purchase of HG Energy II Midstream assets in late 2025.

Hess Midstream (HESM.US)

Hess Midstream (HESM.US) reaffirmed its revenue visibility anchored by long-term fee-based agreements in the Bakken shale. The company posted a first-quarter 2026 net income attributable to the firm of USD 87.6M and adjusted free cash flow of USD 237M. Management has raised its full-year 2026 adjusted EBITDA forecast to a range of USD 1.22B to USD 1.27B, while also increasing its quarterly cash distribution.

Archrock (AROC.US)

Natural gas compression provider Archrock (AROC.US) is capitalizing on tight market dynamics reshaped by surging LNG exports and AI-driven power demands. The company is targeting an adjusted EBITDA of approximately USD 900M for 2026. Mohit Singh, a seasoned energy executive, is set to take over as Chief Financial Officer in July 2026, as the firm works to lock in high-margin contracts following key acquisitions.

NANO Nuclear Energy (NNE.US)

Advanced nuclear startup NANO Nuclear Energy (NNE.US) is accelerating the commercialization of its portable microreactor technologies. Despite generating zero revenue and an adjusted EBITDA of negative USD 30.2M for the trailing twelve months ended March 2026, the company holds USD 603M in total assets. In the first half of 2026, it acquired Secured Transportation Services to build a vertically integrated fuel logistics platform.

Dynatrace (DT.US)

While traditionally categorized in the technology sector, Dynatrace (DT.US) and its AI-driven observability platforms are increasingly embedded in the IT infrastructure of asset-heavy industries like energy services. In early 2026, the company launched its agent operating system, Dynatrace Intelligence, and secured acquisition agreements for DevCycle and Bindplane to expand its automation capabilities and market footprint.

This article does not constitute investment advice.