Energy Income Partners, LLC Diversified Active

CIK: 0001388814 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $5,521,226 (100.0% shares, 0.0% debt)

Holdings (88)

New Positions (5)

CMI CUMMINS INC 1.5%

Value ($000) $84,648 Shares 165,830 Est. Cost $466.32 Unrealized 0.0%

OGE OGE ENERGY CORP 1.4%

Value ($000) $77,740 Shares 1,820,608 Est. Cost $44.60 Unrealized 0.0%

SR SPIRE INC 0.6%

Value ($000) $32,730 Shares 395,765 Est. Cost $82.70 Unrealized —

ENS ENERSYS 0.5%

Value ($000) $29,714 Shares 202,482 Est. Cost $133.36 Unrealized 0.0%

CAT CATERPILLAR INC 0.2%

Value ($000) $13,217 Shares 23,071 Est. Cost $555.50 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CMI	CUMMINS INC	165,830	$84,648	1.5%	$466.32	0.0%	COM	231021106
OGE	OGE ENERGY CORP	1,820,608	$77,740	1.4%	$44.60	0.0%	COM	670837103
SR	SPIRE INC	395,765	$32,730	0.6%	$82.70	—	COM	84857L101
ENS	ENERSYS	202,482	$29,714	0.5%	$133.36	0.0%	COM	29275Y102
CAT	CATERPILLAR INC	23,071	$13,217	0.2%	$555.50	0.0%	COM	149123101

Increased Positions (51)

DUK DUKE ENERGY CORP NEW 2.4%

Value ($000) $130,219 (+170.1%) Shares 1,110,993 (+185.1%) Est. Cost $110.98 Unrealized +9.5%

FE FIRSTENERGY CORP 1.4%

Value ($000) $75,964 (+344.9%) Shares 1,696,759 (+355.4%) Est. Cost $44.45 Unrealized +2.9%

SRE SEMPRA 2.1%

Value ($000) $116,788 (+61.3%) Shares 1,322,776 (+64.4%) Est. Cost $74.54 Unrealized +21.5%

NJR NEW JERSEY RES CORP 1.5%

Value ($000) $85,148 (+85.8%) Shares 1,846,224 (+94.0%) Est. Cost $43.59 Unrealized +5.1%

GNRC GENERAC HLDGS INC 1.3%

Value ($000) $72,048 (+114.7%) Shares 528,331 (+163.6%) Est. Cost $164.08 Unrealized -1.7%

KMI KINDER MORGAN INC DEL 4.0%

Value ($000) $218,979 (+20.8%) Shares 7,965,772 (+24.4%) Est. Cost $17.81 Unrealized +51.1%

SO SOUTHERN CO 2.8%

Value ($000) $156,116 (+29.2%) Shares 1,790,325 (+40.5%) Est. Cost $81.98 Unrealized +10.9%

OGS ONE GAS INC 1.8%

Value ($000) $101,738 (+48.5%) Shares 1,316,991 (+55.6%) Est. Cost $74.15 Unrealized +8.4%

CQP CHENIERE ENERGY PARTNERS LP 1.6%

Value ($000) $86,291 (+53.2%) Shares 1,613,522 (+54.2%) Est. Cost $44.46 Unrealized —

WEC WEC ENERGY GROUP INC 1.4%

Value ($000) $78,352 (+53.8%) Shares 742,959 (+67.1%) Est. Cost $88.97 Unrealized +23.9%

AEE AMEREN CORP 0.9%

Value ($000) $49,451 (+62.8%) Shares 495,205 (+70.2%) Est. Cost $88.63 Unrealized +15.1%

NEE NEXTERA ENERGY INC 1.2%

Value ($000) $64,785 (+37.8%) Shares 806,987 (+29.6%) Est. Cost $72.84 Unrealized +13.3%

EPD ENTERPRISE PRODS PARTNERS L 8.6%

Value ($000) $477,379 (+3.8%) Shares 14,890,183 (+1.3%) Est. Cost $30.31 Unrealized —

PPL PPL CORP 2.5%

Value ($000) $138,902 (+12.0%) Shares 3,966,363 (+18.9%) Est. Cost $26.22 Unrealized +36.7%

BKR BAKER HUGHES COMPANY 0.3%

Value ($000) $18,014 (+375.4%) Shares 395,555 (+408.6%) Est. Cost $45.81 Unrealized +3.3%

CWEN/A CLEARWAY ENERGY INC 1.4%

Value ($000) $74,936 (+23.4%) Shares 2,384,992 (+5.8%) Est. Cost $22.83 Unrealized +35.9%

ET ENERGY TRANSFER LP 7.5%

Value ($000) $414,857 (+3.5%) Shares 25,158,105 (+7.7%) Est. Cost $12.01 Unrealized —

XOM EXXON MOBIL CORP 1.5%

Value ($000) $80,725 (+15.0%) Shares 670,808 (+7.7%) Est. Cost $103.23 Unrealized +11.9%

AES AES CORP 0.5%

Value ($000) $25,726 (+57.6%) Shares 1,793,984 (+44.6%) Est. Cost $17.22 Unrealized -18.5%

CTRA COTERRA ENERGY INC 0.3%

Value ($000) $14,078 (+172.6%) Shares 534,886 (+145.0%) Est. Cost $24.74 Unrealized +1.4%

ETR ENTERGY CORP NEW 2.2%

Value ($000) $120,756 (+7.2%) Shares 1,306,463 (+8.1%) Est. Cost $66.22 Unrealized +42.8%

LNG CHENIERE ENERGY INC 1.6%

Value ($000) $90,861 (-7.2%) Shares 467,418 (+12.2%) Est. Cost $107.75 Unrealized +94.9%

NFG NATIONAL FUEL GAS CO 3.7%

Value ($000) $205,039 (-3.2%) Shares 2,561,069 (+11.7%) Est. Cost $63.39 Unrealized +30.0%

SUN SUNOCO LP/SUNOCO FIN CORP 1.9%

Value ($000) $102,508 (+6.9%) Shares 1,955,895 (+2.0%) Est. Cost $54.64 Unrealized —

SHEL SHELL PLC 1.3%

Value ($000) $73,388 (+9.5%) Shares 998,743 (+6.6%) Est. Cost $60.35 Unrealized —

EXE EXPAND ENERGY CORPORATION 0.2%

Value ($000) $11,189 (+93.5%) Shares 101,384 (+86.3%) Est. Cost $100.52 Unrealized +10.1%

EVRG EVERGY INC 1.6%

Value ($000) $88,623 (+6.1%) Shares 1,222,554 (+11.2%) Est. Cost $55.80 Unrealized +35.2%

PCG PG&E CORP 0.4%

Value ($000) $24,555 (+23.0%) Shares 1,528,031 (+15.4%) Est. Cost $19.54 Unrealized -18.5%

EXC EXELON CORP 0.1%

Value ($000) $7,854 (+124.7%) Shares 180,170 (+132.0%) Est. Cost $35.54 Unrealized +27.9%

CNR CORE NATURAL RESOURCES INC 0.2%

Value ($000) $11,706 (+49.0%) Shares 132,254 (+40.5%) Est. Cost $83.28 Unrealized +2.3%

RRC RANGE RES CORP 0.2%

Value ($000) $12,076 (+46.0%) Shares 342,494 (+55.9%) Est. Cost $34.67 Unrealized +7.4%

EOG EOG RES INC 0.3%

Value ($000) $16,080 (+25.2%) Shares 153,129 (+33.6%) Est. Cost $111.90 Unrealized -4.2%

VST VISTRA CORP 1.0%

Value ($000) $55,583 (-4.5%) Shares 344,531 (+15.9%) Est. Cost $76.87 Unrealized +136.7%

HAL HALLIBURTON CO 0.3%

Value ($000) $16,806 (+16.3%) Shares 594,680 (+1.2%) Est. Cost $31.09 Unrealized -15.4%

CMS CMS ENERGY CORP 0.9%

Value ($000) $50,427 (+4.3%) Shares 721,101 (+9.3%) Est. Cost $51.11 Unrealized +41.9%

WHD CACTUS INC 0.2%

Value ($000) $9,256 (+28.0%) Shares 202,635 (+10.6%) Est. Cost $43.39 Unrealized -3.7%

ARLP ALLIANCE RESOURCE PARTNERS L 0.1%

Value ($000) $6,965 (+39.7%) Shares 299,842 (+52.1%) Est. Cost $22.21 Unrealized —

PAA PLAINS ALL AMERN PIPELINE L 0.4%

Value ($000) $24,057 (+8.2%) Shares 1,339,457 (+2.8%) Est. Cost $13.33 Unrealized —

CNP CENTERPOINT ENERGY INC 1.5%

Value ($000) $82,898 (+2.0%) Shares 2,162,187 (+3.2%) Est. Cost $28.20 Unrealized +37.8%

IDA IDACORP INC 0.9%

Value ($000) $49,441 (+3.0%) Shares 390,654 (+7.6%) Est. Cost $103.36 Unrealized +25.9%

FTI TECHNIPFMC PLC 0.2%

Value ($000) $10,694 (+14.4%) Shares 239,996 (+1.3%) Est. Cost $21.70 Unrealized +94.5%

PEG PUBLIC SVC ENTERPRISE GRP IN 1.0%

Value ($000) $56,765 (+2.2%) Shares 706,909 (+6.3%) Est. Cost $44.26 Unrealized +83.2%

FANG DIAMONDBACK ENERGY INC 0.1%

Value ($000) $7,458 (+8.7%) Shares 49,612 (+3.4%) Est. Cost $151.73 Unrealized -3.1%

FSLR FIRST SOLAR INC 0.0%

Value ($000) $2,521 (+27.7%) Shares 9,652 (+7.8%) Est. Cost $202.91 Unrealized +24.3%

ECO OKEANIS ECO TANKERS COR 0.0%

Value ($000) $2,263 (+17.2%) Shares 66,868 (+1.3%) Est. Cost $26.10 Unrealized +30.0%

MPC MARATHON PETE CORP 0.0%

Value ($000) $1,641 (-14.5%) Shares 10,092 (+1.4%) Est. Cost $144.13 Unrealized +29.3%

INSW INTERNATIONAL SEAWAYS INC 0.1%

Value ($000) $3,867 (+6.8%) Shares 79,649 (+1.3%) Est. Cost $41.18 Unrealized +18.6%

LNT ALLIANT ENERGY CORP 0.9%

Value ($000) $52,154 (+0.4%) Shares 802,252 (+4.2%) Est. Cost $45.25 Unrealized +47.7%

PSX PHILLIPS 66 0.0%

Value ($000) $1,742 (-3.9%) Shares 13,501 (+1.3%) Est. Cost $115.18 Unrealized +16.4%

DHT DHT HOLDINGS INC 0.0%

Value ($000) $1,874 (+3.5%) Shares 153,441 (+1.3%) Est. Cost $10.28 Unrealized +19.5%

FRO FRONTLINE PLC 0.0%

Value ($000) $1,910 (-3.0%) Shares 87,514 (+1.3%) Est. Cost $19.54 Unrealized +19.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DUK	DUKE ENERGY CORP NEW	1,110,993 (+185.1%)	$130,219 (+170.1%)	2.4%	$110.98	+9.5%	COM NEW	26441C204
FE	FIRSTENERGY CORP	1,696,759 (+355.4%)	$75,964 (+344.9%)	1.4%	$44.45	+2.9%	COM	337932107
SRE	SEMPRA	1,322,776 (+64.4%)	$116,788 (+61.3%)	2.1%	$74.54	+21.5%	COM	816851109
NJR	NEW JERSEY RES CORP	1,846,224 (+94.0%)	$85,148 (+85.8%)	1.5%	$43.59	+5.1%	COM	646025106
GNRC	GENERAC HLDGS INC	528,331 (+163.6%)	$72,048 (+114.7%)	1.3%	$164.08	-1.7%	COM	368736104
KMI	KINDER MORGAN INC DEL	7,965,772 (+24.4%)	$218,979 (+20.8%)	4.0%	$17.81	+51.1%	COM	49456B101
SO	SOUTHERN CO	1,790,325 (+40.5%)	$156,116 (+29.2%)	2.8%	$81.98	+10.9%	COM	842587107
OGS	ONE GAS INC	1,316,991 (+55.6%)	$101,738 (+48.5%)	1.8%	$74.15	+8.4%	COM	68235P108
CQP	CHENIERE ENERGY PARTNERS LP	1,613,522 (+54.2%)	$86,291 (+53.2%)	1.6%	$44.46	—	COM UNIT	16411Q101
WEC	WEC ENERGY GROUP INC	742,959 (+67.1%)	$78,352 (+53.8%)	1.4%	$88.97	+23.9%	COM	92939U106
AEE	AMEREN CORP	495,205 (+70.2%)	$49,451 (+62.8%)	0.9%	$88.63	+15.1%	COM	023608102
NEE	NEXTERA ENERGY INC	806,987 (+29.6%)	$64,785 (+37.8%)	1.2%	$72.84	+13.3%	COM	65339F101
EPD	ENTERPRISE PRODS PARTNERS L	14,890,183 (+1.3%)	$477,379 (+3.8%)	8.6%	$30.31	—	COM	293792107
PPL	PPL CORP	3,966,363 (+18.9%)	$138,902 (+12.0%)	2.5%	$26.22	+36.7%	COM	69351T106
BKR	BAKER HUGHES COMPANY	395,555 (+408.6%)	$18,014 (+375.4%)	0.3%	$45.81	+3.3%	CL A	05722G100
CWEN/A	CLEARWAY ENERGY INC	2,384,992 (+5.8%)	$74,936 (+23.4%)	1.4%	$22.83	+35.9%	CL A	18539C105
ET	ENERGY TRANSFER LP	25,158,105 (+7.7%)	$414,857 (+3.5%)	7.5%	$12.01	—	COM UT LTD PTN	29273V100
XOM	EXXON MOBIL CORP	670,808 (+7.7%)	$80,725 (+15.0%)	1.5%	$103.23	+11.9%	COM	30231G102
AES	AES CORP	1,793,984 (+44.6%)	$25,726 (+57.6%)	0.5%	$17.22	-18.5%	COM	00130H105
CTRA	COTERRA ENERGY INC	534,886 (+145.0%)	$14,078 (+172.6%)	0.3%	$24.74	+1.4%	COM	127097103
ETR	ENTERGY CORP NEW	1,306,463 (+8.1%)	$120,756 (+7.2%)	2.2%	$66.22	+42.8%	COM	29364G103
LNG	CHENIERE ENERGY INC	467,418 (+12.2%)	$90,861 (-7.2%)	1.6%	$107.75	+94.9%	COM NEW	16411R208
NFG	NATIONAL FUEL GAS CO	2,561,069 (+11.7%)	$205,039 (-3.2%)	3.7%	$63.39	+30.0%	COM	636180101
SUN	SUNOCO LP/SUNOCO FIN CORP	1,955,895 (+2.0%)	$102,508 (+6.9%)	1.9%	$54.64	—	COM UT REP LP	86765K109
SHEL	SHELL PLC	998,743 (+6.6%)	$73,388 (+9.5%)	1.3%	$60.35	—	SPON ADS	780259305
EXE	EXPAND ENERGY CORPORATION	101,384 (+86.3%)	$11,189 (+93.5%)	0.2%	$100.52	+10.1%	COM	165167735
EVRG	EVERGY INC	1,222,554 (+11.2%)	$88,623 (+6.1%)	1.6%	$55.80	+35.2%	COM	30034W106
PCG	PG&E CORP	1,528,031 (+15.4%)	$24,555 (+23.0%)	0.4%	$19.54	-18.5%	COM	69331C108
EXC	EXELON CORP	180,170 (+132.0%)	$7,854 (+124.7%)	0.1%	$35.54	+27.9%	COM	30161N101
CNR	CORE NATURAL RESOURCES INC	132,254 (+40.5%)	$11,706 (+49.0%)	0.2%	$83.28	+2.3%	COM SHS	218937100
RRC	RANGE RES CORP	342,494 (+55.9%)	$12,076 (+46.0%)	0.2%	$34.67	+7.4%	COM	75281A109
EOG	EOG RES INC	153,129 (+33.6%)	$16,080 (+25.2%)	0.3%	$111.90	-4.2%	COM	26875P101
VST	VISTRA CORP	344,531 (+15.9%)	$55,583 (-4.5%)	1.0%	$76.87	+136.7%	COM	92840M102
HAL	HALLIBURTON CO	594,680 (+1.2%)	$16,806 (+16.3%)	0.3%	$31.09	-15.4%	COM	406216101
CMS	CMS ENERGY CORP	721,101 (+9.3%)	$50,427 (+4.3%)	0.9%	$51.11	+41.9%	COM	125896100
WHD	CACTUS INC	202,635 (+10.6%)	$9,256 (+28.0%)	0.2%	$43.39	-3.7%	CL A	127203107
ARLP	ALLIANCE RESOURCE PARTNERS L	299,842 (+52.1%)	$6,965 (+39.7%)	0.1%	$22.21	—	UT LTD PART	01877R108
PAA	PLAINS ALL AMERN PIPELINE L	1,339,457 (+2.8%)	$24,057 (+8.2%)	0.4%	$13.33	—	UNIT LTD PARTN	726503105
CNP	CENTERPOINT ENERGY INC	2,162,187 (+3.2%)	$82,898 (+2.0%)	1.5%	$28.20	+37.8%	COM	15189T107
IDA	IDACORP INC	390,654 (+7.6%)	$49,441 (+3.0%)	0.9%	$103.36	+25.9%	COM	451107106
FTI	TECHNIPFMC PLC	239,996 (+1.3%)	$10,694 (+14.4%)	0.2%	$21.70	+94.5%	COM	G87110105
PEG	PUBLIC SVC ENTERPRISE GRP IN	706,909 (+6.3%)	$56,765 (+2.2%)	1.0%	$44.26	+83.2%	COM	744573106
FANG	DIAMONDBACK ENERGY INC	49,612 (+3.4%)	$7,458 (+8.7%)	0.1%	$151.73	-3.1%	COM	25278X109
FSLR	FIRST SOLAR INC	9,652 (+7.8%)	$2,521 (+27.7%)	0.0%	$202.91	+24.3%	COM	336433107
ECO	OKEANIS ECO TANKERS COR	66,868 (+1.3%)	$2,263 (+17.2%)	0.0%	$26.10	+30.0%	SHS	Y64177101
MPC	MARATHON PETE CORP	10,092 (+1.4%)	$1,641 (-14.5%)	0.0%	$144.13	+29.3%	COM	56585A102
INSW	INTERNATIONAL SEAWAYS INC	79,649 (+1.3%)	$3,867 (+6.8%)	0.1%	$41.18	+18.6%	COM	Y41053102
LNT	ALLIANT ENERGY CORP	802,252 (+4.2%)	$52,154 (+0.4%)	0.9%	$45.25	+47.7%	COM	018802108
PSX	PHILLIPS 66	13,501 (+1.3%)	$1,742 (-3.9%)	0.0%	$115.18	+16.4%	COM	718546104
DHT	DHT HOLDINGS INC	153,441 (+1.3%)	$1,874 (+3.5%)	0.0%	$10.28	+19.5%	SHS NEW	Y2065G121
FRO	FRONTLINE PLC	87,514 (+1.3%)	$1,910 (-3.0%)	0.0%	$19.54	+19.6%	COM	M46528101

Exited Positions (7)

— ALLETE INC 0.3%

Value ($000) $14,748 Shares 222,107 Est. Cost $65.86 Unrealized —

USAC USA COMPRESSION PARTNERS LP 0.2%

Value ($000) $9,662 Shares 402,578 Est. Cost $18.20 Unrealized —

KRP KIMBELL RTY PARTNERS LP 0.2%

Value ($000) $8,733 Shares 647,396 Est. Cost $14.33 Unrealized —

FTS FORTIS INC 0.1%

Value ($000) $5,364 Shares 105,722 Est. Cost $37.32 Unrealized +36.2%

NRP NATURAL RESOURCES PARTNERS L 0.1%

Value ($000) $3,542 Shares 33,737 Est. Cost $83.99 Unrealized —

AWK AMERICAN WTR WKS CO INC NEW 0.0%

Value ($000) $1,686 Shares 12,110 Est. Cost $103.86 Unrealized +28.2%

SM SM ENERGY CO 0.0%

Value ($000) $1,576 Shares 63,103 Est. Cost $33.71 Unrealized -40.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ALLETE INC	222,107	$14,748	0.3%	$65.86	—	—	018522300
USAC	USA COMPRESSION PARTNERS LP	402,578	$9,662	0.2%	$18.20	—	—	90290N109
KRP	KIMBELL RTY PARTNERS LP	647,396	$8,733	0.2%	$14.33	—	—	49435R102
FTS	FORTIS INC	105,722	$5,364	0.1%	$37.32	+36.2%	—	349553107
NRP	NATURAL RESOURCES PARTNERS L	33,737	$3,542	0.1%	$83.99	—	—	63900P608
AWK	AMERICAN WTR WKS CO INC NEW	12,110	$1,686	0.0%	$103.86	+28.2%	—	030420103
SM	SM ENERGY CO	63,103	$1,576	0.0%	$33.71	-40.6%	—	78454L100

Decreased Positions (28)

DTM DT MIDSTREAM INC 0.9%

Value ($000) $50,944 (-55.2%) Shares 425,669 (-57.7%) Est. Cost $56.18 Unrealized +103.4%

OKE ONEOK INC NEW 1.4%

Value ($000) $78,772 (-40.4%) Shares 1,071,726 (-40.8%) Est. Cost $53.53 Unrealized +31.6%

WMB WILLIAMS COS INC 1.6%

Value ($000) $86,852 (-32.2%) Shares 1,444,885 (-28.5%) Est. Cost $19.10 Unrealized +214.5%

FLR FLUOR CORP NEW 0.1%

Value ($000) $5,596 (-87.2%) Shares 141,195 (-86.4%) Est. Cost $39.10 Unrealized +13.2%

PWR QUANTA SVCS INC 1.7%

Value ($000) $92,245 (-27.8%) Shares 218,559 (-29.1%) Est. Cost $94.44 Unrealized +365.1%

XEL XCEL ENERGY INC 0.8%

Value ($000) $44,409 (-43.0%) Shares 601,261 (-37.8%) Est. Cost $53.15 Unrealized +47.3%

AEP AMERICAN ELEC PWR CO INC 1.7%

Value ($000) $91,389 (-25.6%) Shares 792,553 (-27.4%) Est. Cost $71.25 Unrealized +65.2%

ENB ENBRIDGE INC 0.9%

Value ($000) $48,709 (-35.5%) Shares 1,018,379 (-32.0%) Est. Cost $23.98 Unrealized +96.4%

ATO ATMOS ENERGY CORP 1.1%

Value ($000) $60,317 (-27.2%) Shares 359,821 (-25.9%) Est. Cost $93.88 Unrealized +83.5%

— TOTALENERGIES SE 0.7%

Value ($000) $38,688 (-36.6%) Shares 591,377 (-42.1%) Est. Cost $58.76 Unrealized —

DTE DTE ENERGY CO 1.3%

Value ($000) $73,313 (-21.2%) Shares 568,407 (-13.6%) Est. Cost $108.03 Unrealized +24.8%

PAGP PLAINS GP HLDGS L P 3.1%

Value ($000) $169,466 (-8.9%) Shares 8,854,011 (-13.2%) Est. Cost $12.44 Unrealized —

TRP TC ENERGY CORP 1.1%

Value ($000) $60,191 (-18.8%) Shares 1,094,185 (-19.7%) Est. Cost $35.43 Unrealized +50.6%

WTRG ESSENTIAL UTILS INC 0.3%

Value ($000) $18,854 (-35.0%) Shares 491,494 (-32.4%) Est. Cost $36.45 Unrealized +8.0%

NI NISOURCE INC 0.1%

Value ($000) $5,218 (-65.5%) Shares 124,943 (-64.2%) Est. Cost $34.90 Unrealized +22.1%

D DOMINION ENERGY INC 1.2%

Value ($000) $64,077 (-12.8%) Shares 1,093,652 (-9.0%) Est. Cost $51.50 Unrealized +16.0%

TRGP TARGA RES CORP 1.9%

Value ($000) $104,422 (+8.6%) Shares 565,974 (-1.4%) Est. Cost $88.30 Unrealized +90.3%

WLKP WESTLAKE CHEM PARTNERS LP 0.5%

Value ($000) $29,725 (-20.3%) Shares 1,564,489 (-11.9%) Est. Cost $22.97 Unrealized —

EQT EQT CORP 0.2%

Value ($000) $13,646 (-30.6%) Shares 254,597 (-29.5%) Est. Cost $34.06 Unrealized +64.8%

UGI UGI CORP NEW 0.8%

Value ($000) $46,538 (-9.2%) Shares 1,243,329 (-19.3%) Est. Cost $27.80 Unrealized +27.4%

NOV NOV INC 0.1%

Value ($000) $3,631 (-56.1%) Shares 232,310 (-62.8%) Est. Cost $16.81 Unrealized -11.7%

GPOR GULFPORT ENERGY CORP 0.2%

Value ($000) $10,357 (-26.1%) Shares 49,794 (-35.7%) Est. Cost $161.05 Unrealized +23.8%

HP HELMERICH & PAYNE INC 0.1%

Value ($000) $3,378 (-48.2%) Shares 117,776 (-60.1%) Est. Cost $29.26 Unrealized -9.2%

DINO HF SINCLAIR CORP 0.0%

Value ($000) $1,557 (-57.7%) Shares 33,789 (-51.9%) Est. Cost $44.24 Unrealized +15.9%

AROC ARCHROCK INC 0.8%

Value ($000) $41,932 (-3.3%) Shares 1,611,519 (-2.2%) Est. Cost $9.20 Unrealized +167.5%

VLO VALERO ENERGY CORP 0.0%

Value ($000) $1,092 (-45.5%) Shares 6,707 (-43.0%) Est. Cost $127.20 Unrealized +32.7%

SLB SCHLUMBERGER LTD 0.3%

Value ($000) $18,247 (-3.8%) Shares 475,419 (-13.9%) Est. Cost $42.98 Unrealized -16.1%

MPLX MPLX LP 5.1%

Value ($000) $282,846 (+0.0%) Shares 5,299,724 (-6.4%) Est. Cost $36.94 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DTM	DT MIDSTREAM INC	425,669 (-57.7%)	$50,944 (-55.2%)	0.9%	$56.18	+103.4%	COMMON STOCK	23345M107
OKE	ONEOK INC NEW	1,071,726 (-40.8%)	$78,772 (-40.4%)	1.4%	$53.53	+31.6%	COM	682680103
WMB	WILLIAMS COS INC	1,444,885 (-28.5%)	$86,852 (-32.2%)	1.6%	$19.10	+214.5%	COM	969457100
FLR	FLUOR CORP NEW	141,195 (-86.4%)	$5,596 (-87.2%)	0.1%	$39.10	+13.2%	COM	343412102
PWR	QUANTA SVCS INC	218,559 (-29.1%)	$92,245 (-27.8%)	1.7%	$94.44	+365.1%	COM	74762E102
XEL	XCEL ENERGY INC	601,261 (-37.8%)	$44,409 (-43.0%)	0.8%	$53.15	+47.3%	COM	98389B100
AEP	AMERICAN ELEC PWR CO INC	792,553 (-27.4%)	$91,389 (-25.6%)	1.7%	$71.25	+65.2%	COM	025537101
ENB	ENBRIDGE INC	1,018,379 (-32.0%)	$48,709 (-35.5%)	0.9%	$23.98	+96.4%	COM	29250N105
ATO	ATMOS ENERGY CORP	359,821 (-25.9%)	$60,317 (-27.2%)	1.1%	$93.88	+83.5%	COM	049560105
—	TOTALENERGIES SE	591,377 (-42.1%)	$38,688 (-36.6%)	0.7%	$58.76	—	SPONSORED ADS	89151E109
DTE	DTE ENERGY CO	568,407 (-13.6%)	$73,313 (-21.2%)	1.3%	$108.03	+24.8%	COM	233331107
PAGP	PLAINS GP HLDGS L P	8,854,011 (-13.2%)	$169,466 (-8.9%)	3.1%	$12.44	—	LTD PARTNR INT A	72651A207
TRP	TC ENERGY CORP	1,094,185 (-19.7%)	$60,191 (-18.8%)	1.1%	$35.43	+50.6%	COM	87807B107
WTRG	ESSENTIAL UTILS INC	491,494 (-32.4%)	$18,854 (-35.0%)	0.3%	$36.45	+8.0%	COM	29670G102
NI	NISOURCE INC	124,943 (-64.2%)	$5,218 (-65.5%)	0.1%	$34.90	+22.1%	COM	65473P105
D	DOMINION ENERGY INC	1,093,652 (-9.0%)	$64,077 (-12.8%)	1.2%	$51.50	+16.0%	COM	25746U109
TRGP	TARGA RES CORP	565,974 (-1.4%)	$104,422 (+8.6%)	1.9%	$88.30	+90.3%	COM	87612G101
WLKP	WESTLAKE CHEM PARTNERS LP	1,564,489 (-11.9%)	$29,725 (-20.3%)	0.5%	$22.97	—	COM UNIT RP LP	960417103
EQT	EQT CORP	254,597 (-29.5%)	$13,646 (-30.6%)	0.2%	$34.06	+64.8%	COM	26884L109
UGI	UGI CORP NEW	1,243,329 (-19.3%)	$46,538 (-9.2%)	0.8%	$27.80	+27.4%	COM	902681105
NOV	NOV INC	232,310 (-62.8%)	$3,631 (-56.1%)	0.1%	$16.81	-11.7%	COM	62955J103
GPOR	GULFPORT ENERGY CORP	49,794 (-35.7%)	$10,357 (-26.1%)	0.2%	$161.05	+23.8%	COMMON SHARES	402635502
HP	HELMERICH & PAYNE INC	117,776 (-60.1%)	$3,378 (-48.2%)	0.1%	$29.26	-9.2%	COM	423452101
DINO	HF SINCLAIR CORP	33,789 (-51.9%)	$1,557 (-57.7%)	0.0%	$44.24	+15.9%	COM	403949100
AROC	ARCHROCK INC	1,611,519 (-2.2%)	$41,932 (-3.3%)	0.8%	$9.20	+167.5%	COM	03957W106
VLO	VALERO ENERGY CORP	6,707 (-43.0%)	$1,092 (-45.5%)	0.0%	$127.20	+32.7%	COM	91913Y100
SLB	SCHLUMBERGER LTD	475,419 (-13.9%)	$18,247 (-3.8%)	0.3%	$42.98	-16.1%	COM STK	806857108
MPLX	MPLX LP	5,299,724 (-6.4%)	$282,846 (+0.0%)	5.1%	$36.94	—	COM	55336V100

Unchanged Positions (4)

TXO TXO PARTNERS LP 0.2%

Value ($000) $12,131 Shares 1,136,908 Est. Cost $18.55 Unrealized —

CPK CHESAPEAKE UTILS CORP 0.4%

Value ($000) $21,280 Shares 170,571 Est. Cost $111.89 Unrealized +17.4%

CEG CONSTELLATION ENERGY CORP 0.3%

Value ($000) $18,836 Shares 53,320 Est. Cost $92.32 Unrealized +293.4%

J JACOBS SOLUTIONS INC 0.0%

Value ($000) $1,064 Shares 8,034 Est. Cost $122.50 Unrealized +19.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TXO	TXO PARTNERS LP	1,136,908	$12,131	0.2%	$18.55	—	COM UNIT	87313P103
CPK	CHESAPEAKE UTILS CORP	170,571	$21,280	0.4%	$111.89	+17.4%	COM	165303108
CEG	CONSTELLATION ENERGY CORP	53,320	$18,836	0.3%	$92.32	+293.4%	COM	21037T109
J	JACOBS SOLUTIONS INC	8,034	$1,064	0.0%	$122.50	+19.5%	COM	46982L108