Oil/Gas Transmission

Atmos Energy Corporation vs Cheniere Energy Inc.

WatchlistATO / LNGPrices through Oct 22, 2026

Why these are rivals: #1 and #3 by market value ($59B vs $28B) in Nasdaq's "Oil/Gas Transmission" industry; SEC SIC 4924 / 4924 (same major group); #1 and #3 by market value ($59B vs $28B) with SEC SIC 4924 (Natural Gas Distribution).

Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.

  • Co-movement: daily return correlation, 252 sessions: 0.22 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -0.77 (needs <= -2.873 (5% critical value))
  • Speed: half-life of the spread, sessions: 108.92 (needs <= 63)
Business leadership

LNG is the larger business

Annual revenue reported to the SEC. Scale, not market share.

YearATOLNGLarger
2025$4.7B$20.0BLNG
2024$4.2B$15.7BLNG
2023$4.3B$20.4BLNG
2022$4.2B$33.4BLNG
2021$3.4B$15.9BLNG
2020$2.8B$9.4BLNG

LNG led in every year with figures for both. Market value: ATO $27.8B, LNG $59.2B.

Stock leadership

LNG is ahead now

Measured against the pair's own last 252 trading days.

LNG leads ATO by 1.32 standard deviations: +18.9% over its usual price ratio. 1 lead switch in the last year.

Price change3 mo6 mo12 mo
ATO-3.0%-7.4%-1.8%
LNG+6.4%+11.6%+29.2%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2520 (needs >= 254)
Fail
Co-movement: daily return correlation, 252 sessions: 0.22 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -0.77 (needs <= -2.873 (5% critical value))
Fail
Speed: half-life of the spread, sessions: 108.92 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

ATO Atmos Energy Corporation LNG Cheniere Energy Inc.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100120140160Oct 2024Oct 2025Oct 2026ATO 121LNG 158
Spread z-score: ATO relative to LNG, against the 252 sessions before each day. Above 0: ATO ahead; below 0: LNG ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateATO indexLNG indexzAhead
2026-10-22121.39157.53-1.32LNG ahead
2026-10-21116.54156.00-1.57LNG ahead
2026-10-20116.66155.52-1.56LNG ahead
2026-10-19114.99157.31-1.77LNG ahead
2026-10-16116.81158.86-1.75LNG ahead
2026-10-15114.44153.22-1.64LNG ahead
2026-10-14114.44153.52-1.67LNG ahead
2026-10-13114.11157.48-1.92LNG ahead
2026-10-12113.35155.05-1.87LNG ahead
2026-10-09112.84152.69-1.80LNG ahead
2026-10-08112.15152.52-1.86LNG ahead
2026-10-07111.13149.40-1.79LNG ahead
2026-10-06111.50151.08-1.87LNG ahead
2026-10-05110.32150.90-1.97LNG ahead
2026-10-02109.71148.17-1.89LNG ahead
2026-10-01109.16149.51-2.03LNG ahead
2026-09-30109.20147.66-1.94LNG ahead
2026-09-29110.01146.71-1.84LNG ahead
2026-09-28109.63148.00-1.97LNG ahead
2026-09-25109.74147.40-1.95LNG ahead
2026-09-24109.19151.64-2.26LNG ahead
2026-09-23109.06150.18-2.22LNG ahead
2026-09-22109.83149.82-2.16LNG ahead
2026-09-21110.48150.93-2.20LNG ahead
2026-09-18111.89147.29-1.89LNG ahead
2026-09-17113.10148.11-1.86LNG ahead
2026-09-16113.05146.96-1.81LNG ahead
2026-09-15113.11148.73-1.93LNG ahead
2026-09-14114.37150.55-1.96LNG ahead
2026-09-11113.91152.77-2.16LNG ahead
2026-09-10115.04152.50-2.07LNG ahead
2026-09-09116.29151.45-1.92LNG ahead
2026-09-08117.32151.50-1.86LNG ahead
2026-09-04116.96160.27-2.46LNG ahead
2026-09-03118.05159.64-2.36LNG ahead
2026-09-02117.05162.39-2.65LNG ahead
2026-09-01117.06161.44-2.63LNG ahead
2026-08-31115.96160.10-2.68LNG ahead
2026-08-28116.33154.96-2.35LNG ahead
2026-08-27116.72154.12-2.29LNG ahead
2026-08-26118.29155.93-2.30LNG ahead
2026-08-25116.96153.03-2.25LNG ahead
2026-08-24117.14154.12-2.33LNG ahead
2026-08-21116.47152.32-2.30LNG ahead
2026-08-20119.03153.23-2.16LNG ahead
2026-08-19119.58150.56-1.94LNG ahead
2026-08-18119.02150.27-1.99LNG ahead
2026-08-17118.60146.51-1.77LNG ahead
2026-08-14118.61149.10-1.98LNG ahead
2026-08-13118.64146.26-1.78LNG ahead
2026-08-12118.38147.16-1.89LNG ahead
2026-08-11118.11145.69-1.82LNG ahead
2026-08-10117.21145.83-1.93LNG ahead
2026-08-07118.80140.59-1.37LNG ahead
2026-08-06120.05145.88-1.67LNG ahead
2026-08-05120.20139.83-1.17LNG ahead
2026-08-04120.52141.22-1.25LNG ahead
2026-08-03120.68141.65-1.27LNG ahead
2026-07-31120.61144.67-1.52LNG ahead
2026-07-30121.64141.64-1.18LNG ahead
2026-07-29124.02141.95-0.99LNG ahead
2026-07-28125.21138.42-0.59LNG ahead
2026-07-27124.40140.45-0.83LNG ahead
2026-07-24125.10148.04-1.36LNG ahead
2026-07-23124.28149.29-1.54LNG ahead
2026-07-22124.58146.77-1.33LNG ahead
2026-07-21122.19144.13-1.34LNG ahead
2026-07-20123.78145.43-1.29LNG ahead
2026-07-17124.03144.14-1.17LNG ahead
2026-07-16124.28142.16-0.98LNG ahead
2026-07-15122.14140.42-1.03LNG ahead
2026-07-14124.56145.47-1.21LNG ahead
2026-07-13125.30144.51-1.06LNG ahead
2026-07-10122.99141.96-1.07LNG ahead
2026-07-09121.96143.42-1.27LNG ahead
2026-07-08123.61143.22-1.10LNG ahead
2026-07-07123.96139.96-0.80LNG ahead
2026-07-06121.34135.07-0.64LNG ahead
2026-07-02123.46135.01-0.44near the usual relationship
2026-07-01120.78133.88-0.58LNG ahead
2026-06-30120.25131.19-0.40near the usual relationship
2026-06-29122.04133.91-0.45near the usual relationship
2026-06-26122.27132.63-0.32near the usual relationship
2026-06-25121.23129.04-0.11near the usual relationship
2026-06-24120.47126.71+0.02near the usual relationship
2026-06-23119.43128.56-0.22near the usual relationship
2026-06-22118.38126.71-0.16near the usual relationship
2026-06-18118.74124.61+0.06near the usual relationship
2026-06-17118.41127.02-0.17near the usual relationship
2026-06-16118.41126.71-0.14near the usual relationship
2026-06-15118.39129.12-0.33near the usual relationship
2026-06-12118.64132.43-0.56LNG ahead
2026-06-11117.43131.81-0.62LNG ahead
2026-06-10118.16132.72-0.62LNG ahead
2026-06-09117.00131.40-0.61LNG ahead
2026-06-08117.19129.87-0.47near the usual relationship
2026-06-05118.83131.08-0.41near the usual relationship
2026-06-04117.24132.32-0.64LNG ahead
2026-06-03117.48129.19-0.37near the usual relationship
2026-06-02117.79129.54-0.37near the usual relationship
2026-06-01116.68125.08-0.11near the usual relationship
2026-05-29118.06123.42+0.15near the usual relationship
2026-05-28120.78126.01+0.17near the usual relationship
2026-05-27123.02126.77+0.30near the usual relationship
2026-05-26124.05128.46+0.25near the usual relationship
2026-05-22124.12132.20-0.02near the usual relationship
2026-05-21123.87131.98-0.02near the usual relationship
2026-05-20122.85133.74-0.23near the usual relationship
2026-05-19124.06135.45-0.26near the usual relationship
2026-05-18124.61135.98-0.25near the usual relationship
2026-05-15123.19132.74-0.12near the usual relationship
2026-05-14126.25132.32+0.16near the usual relationship
2026-05-13125.61131.39+0.18near the usual relationship
2026-05-12127.00134.10+0.09near the usual relationship
2026-05-11127.13132.11+0.25near the usual relationship
2026-05-08126.25131.79+0.21near the usual relationship
2026-05-07126.94135.45+0.00near the usual relationship
2026-05-06128.97143.49-0.40near the usual relationship
2026-05-05130.71147.93-0.57LNG ahead
2026-05-04131.07149.76-0.66LNG ahead
2026-05-01131.61148.23-0.52LNG ahead
2026-04-30132.61150.91-0.62LNG ahead
2026-04-29129.63149.42-0.74LNG ahead
2026-04-28130.62145.44-0.41near the usual relationship
2026-04-27129.57142.38-0.28near the usual relationship
2026-04-24129.45141.11-0.20near the usual relationship
2026-04-23131.10141.17-0.08near the usual relationship
2026-04-22127.38141.32-0.37near the usual relationship
2026-04-21127.69141.49-0.35near the usual relationship
2026-04-20129.99138.51+0.03near the usual relationship
2026-04-17130.21137.81+0.10near the usual relationship
2026-04-16131.22144.21-0.27near the usual relationship
2026-04-15130.02140.92-0.13near the usual relationship
2026-04-14131.34142.53-0.14near the usual relationship
2026-04-13131.06143.59-0.23near the usual relationship
2026-04-10132.88145.75-0.24near the usual relationship
2026-04-09134.22145.88-0.15near the usual relationship
2026-04-08132.39151.06-0.62LNG ahead
2026-04-07131.72156.03-0.99LNG ahead
2026-04-06131.10155.91-1.03LNG ahead
2026-04-02131.91154.32-0.87LNG ahead
2026-04-01129.48151.40-0.86LNG ahead
2026-03-31128.94155.75-1.18LNG ahead
2026-03-30129.15161.17-1.50LNG ahead
2026-03-27127.87162.97-1.71LNG ahead
2026-03-26127.87159.94-1.53LNG ahead
2026-03-25126.73156.10-1.38LNG ahead
2026-03-24126.74161.69-1.73LNG ahead
2026-03-23126.36157.64-1.52LNG ahead
2026-03-20125.99154.17-1.33LNG ahead
2026-03-19129.07154.71-1.13LNG ahead
2026-03-18129.31146.12-0.55LNG ahead
2026-03-17130.52138.04+0.10near the usual relationship
2026-03-16131.10137.93+0.15near the usual relationship
2026-03-13131.63138.47+0.16near the usual relationship
2026-03-12130.39139.33+0.00near the usual relationship
2026-03-11128.65137.40+0.01near the usual relationship
2026-03-10128.05134.89+0.15near the usual relationship
2026-03-09129.30137.66+0.05near the usual relationship
2026-03-06129.16140.05-0.13near the usual relationship
2026-03-05129.40136.97+0.11near the usual relationship
2026-03-04130.37136.66+0.21near the usual relationship
2026-03-03129.83135.06+0.29near the usual relationship
2026-03-02130.58136.63+0.23near the usual relationship
2026-02-27130.39129.39+0.75ATO ahead
2026-02-26128.18127.62+0.72ATO ahead
2026-02-25127.08121.13+1.16ATO ahead
2026-02-24127.06121.28+1.15ATO ahead
2026-02-23126.85122.59+1.04ATO ahead
2026-02-20126.32124.30+0.87ATO ahead
2026-02-19124.93124.15+0.78ATO ahead
2026-02-18124.33122.79+0.85ATO ahead
2026-02-17125.81120.21+1.18ATO ahead
2026-02-13125.12121.19+1.05ATO ahead
2026-02-12124.09119.49+1.12ATO ahead
2026-02-11122.83120.43+0.95ATO ahead
2026-02-10121.58119.86+0.90ATO ahead
2026-02-09119.68118.37+0.88ATO ahead
2026-02-06119.63116.97+1.00ATO ahead
2026-02-05119.71115.56+1.13ATO ahead
2026-02-04119.94117.38+1.01ATO ahead
2026-02-03117.83115.79+0.97ATO ahead
2026-02-02116.24114.03+1.00ATO ahead
2026-01-30116.11116.10+0.82ATO ahead
2026-01-29115.87116.91+0.74ATO ahead
2026-01-28115.87114.19+0.97ATO ahead
2026-01-27117.99112.92+1.26ATO ahead
2026-01-26117.62113.35+1.20ATO ahead
2026-01-23115.41113.81+0.99ATO ahead
2026-01-22115.45113.50+1.03ATO ahead
2026-01-21117.53113.78+1.18ATO ahead
2026-01-20117.27111.44+1.36ATO ahead
2026-01-16118.99113.45+1.33ATO ahead
2026-01-15118.86111.28+1.51ATO ahead
2026-01-14117.77109.62+1.58ATO ahead
2026-01-13117.56106.31+1.86ATO ahead
2026-01-12117.00106.17+1.85ATO ahead
2026-01-09116.42106.58+1.79ATO ahead
2026-01-08116.64107.85+1.71ATO ahead
2026-01-07115.98107.62+1.69ATO ahead
2026-01-06116.95106.81+1.86ATO ahead
2026-01-05116.49109.07+1.64ATO ahead
2026-01-02118.22108.57+1.85ATO ahead
2025-12-31117.01106.70+1.94ATO ahead
2025-12-30117.67106.17+2.06ATO ahead
2025-12-29117.81105.71+2.15ATO ahead
2025-12-26117.36103.91+2.31ATO ahead
2025-12-24117.55104.47+2.31ATO ahead
2025-12-23117.26105.22+2.24ATO ahead
2025-12-22116.81103.94+2.36ATO ahead
2025-12-19116.36104.16+2.34ATO ahead
2025-12-18118.26104.20+2.54ATO ahead
2025-12-17118.09104.48+2.54ATO ahead
2025-12-16117.27103.89+2.57ATO ahead
2025-12-15119.19103.64+2.82ATO ahead
2025-12-12117.53103.94+2.69ATO ahead
2025-12-11116.63105.16+2.52ATO ahead
2025-12-10116.43105.88+2.47ATO ahead
2025-12-09116.07109.07+2.13ATO ahead
2025-12-08116.62110.21+2.09ATO ahead
2025-12-05119.57112.90+2.13ATO ahead
2025-12-04119.33114.11+2.01ATO ahead
2025-12-03119.47114.42+2.01ATO ahead
2025-12-02118.72114.87+1.92ATO ahead
2025-12-01119.87115.64+1.97ATO ahead
2025-11-28123.11114.42+2.45ATO ahead
2025-11-26122.67112.95+2.61ATO ahead
2025-11-25121.00112.47+2.54ATO ahead
2025-11-24121.85112.29+2.69ATO ahead
2025-11-21122.27112.79+2.73ATO ahead
2025-11-20121.99114.26+2.58ATO ahead
2025-11-19121.40115.06+2.47ATO ahead
2025-11-18122.31116.61+2.43ATO ahead
2025-11-17122.63118.12+2.33ATO ahead
2025-11-14122.24118.11+2.32ATO ahead
2025-11-13124.23117.08+2.70ATO ahead
2025-11-12124.13117.21+2.73ATO ahead
2025-11-11124.71116.36+2.95ATO ahead
2025-11-10124.08116.12+2.97ATO ahead
2025-11-07123.49114.11+3.22ATO ahead
2025-11-06122.49114.18+3.15ATO ahead
2025-11-05120.47112.87+3.14ATO ahead
2025-11-04121.42113.48+3.24ATO ahead
2025-11-03120.55115.05+2.96ATO ahead
2025-10-31119.87116.36+2.72ATO ahead
2025-10-30121.00116.10+2.93ATO ahead
2025-10-29119.82115.88+2.84ATO ahead
2025-10-28121.80118.56+2.76ATO ahead
2025-10-27123.10120.64+2.67ATO ahead
2025-10-24122.80120.53+2.66ATO ahead
2025-10-23122.68121.60+2.50ATO ahead
2025-10-22123.62123.20+2.42ATO ahead
2025-10-21123.58121.97+2.58ATO ahead
2025-10-20124.07121.48+2.72ATO ahead
2025-10-17123.14120.18+2.79ATO ahead
2025-10-16123.11120.79+2.74ATO ahead
2025-10-15125.08123.62+2.65ATO ahead
2025-10-14124.01124.17+2.46ATO ahead
2025-10-13122.53124.60+2.23ATO ahead
2025-10-10123.19124.80+2.31ATO ahead
2025-10-09122.11127.00+1.87ATO ahead
2025-10-08122.68129.39+1.64ATO ahead
2025-10-07122.09129.17+1.58ATO ahead
2025-10-06120.98128.03+1.57ATO ahead
2025-10-03118.80127.49+1.33ATO ahead
2025-10-02117.86127.22+1.21ATO ahead
2025-10-01118.23127.40+1.23ATO ahead
2025-09-30119.19128.98+1.15ATO ahead
2025-09-29118.35129.24+0.99ATO ahead
2025-09-26117.58130.87+0.67ATO ahead
2025-09-25116.19130.42+0.52ATO ahead
2025-09-24116.41129.87+0.61ATO ahead
2025-09-23116.11128.94+0.68ATO ahead
2025-09-22113.75126.68+0.63ATO ahead
2025-09-19113.73127.07+0.57ATO ahead
2025-09-18113.39128.62+0.32near the usual relationship
2025-09-17114.09129.16+0.34near the usual relationship
2025-09-16113.93128.93+0.34near the usual relationship
2025-09-15115.74127.79+0.72ATO ahead
2025-09-12116.25129.58+0.56ATO ahead
2025-09-11116.15130.12+0.48near the usual relationship
2025-09-10114.41130.11+0.24near the usual relationship
2025-09-09114.53128.66+0.43near the usual relationship
2025-09-08114.39128.10+0.47near the usual relationship
2025-09-05116.21129.41+0.56ATO ahead
2025-09-04115.03130.07+0.32near the usual relationship
2025-09-03115.33131.40+0.20near the usual relationship
2025-09-02115.50132.20+0.13near the usual relationship
2025-08-29115.96132.73+0.13near the usual relationship
2025-08-28115.48132.91+0.04near the usual relationship
2025-08-27116.05132.61+0.15near the usual relationship
2025-08-26115.88132.60+0.13near the usual relationship
2025-08-25115.49131.37+0.21near the usual relationship
2025-08-22117.42130.39+0.58ATO ahead
2025-08-21116.42132.07+0.26near the usual relationship
2025-08-20115.94129.54+0.49near the usual relationship
2025-08-19115.74126.46+0.84ATO ahead
2025-08-18114.49126.21+0.70ATO ahead
2025-08-15115.43126.32+0.82ATO ahead
2025-08-14115.96127.69+0.72ATO ahead
2025-08-13116.56126.95+0.89ATO ahead
2025-08-12115.68126.12+0.88ATO ahead
2025-08-11115.20126.27+0.80ATO ahead
2025-08-08114.68126.70+0.67ATO ahead
2025-08-07113.58129.13+0.23near the usual relationship
2025-08-06109.60129.49-0.37near the usual relationship
2025-08-05109.33131.53-0.65LNG ahead
2025-08-04111.30132.83-0.53LNG ahead
2025-08-01108.76130.80-0.66LNG ahead
2025-07-31108.84129.47-0.49near the usual relationship
2025-07-30109.03128.05-0.30near the usual relationship
2025-07-29108.97128.99-0.42near the usual relationship
2025-07-28107.97125.41-0.14near the usual relationship
2025-07-25109.48123.70+0.28near the usual relationship
2025-07-24110.09123.94+0.34near the usual relationship
2025-07-23109.65122.56+0.45near the usual relationship
2025-07-22110.83122.22+0.66ATO ahead
2025-07-21110.44124.29+0.35near the usual relationship
2025-07-18109.35134.08-0.97LNG ahead
2025-07-17108.38127.16-0.29near the usual relationship
2025-07-16108.08127.07-0.32near the usual relationship
2025-07-15107.57129.17-0.65LNG ahead
2025-07-14108.47132.57-0.92LNG ahead
2025-07-11107.63129.11-0.64LNG ahead
2025-07-10107.76128.56-0.55LNG ahead
2025-07-09106.87129.51-0.79LNG ahead
2025-07-08106.09129.96-0.96LNG ahead
2025-07-07106.65130.94-1.00LNG ahead
2025-07-03106.30131.52-1.13LNG ahead
2025-07-02105.76131.88-1.25LNG ahead
2025-07-01107.25129.56-0.77LNG ahead
2025-06-30107.57133.66-1.21LNG ahead
2025-06-27106.44131.73-1.16LNG ahead
2025-06-26106.74132.88-1.26LNG ahead
2025-06-25106.61129.71-0.91LNG ahead
2025-06-24109.20131.70-0.78LNG ahead
2025-06-23109.15127.63-0.30near the usual relationship
2025-06-20107.19128.96-0.75LNG ahead
2025-06-18106.37129.02-0.88LNG ahead
2025-06-17106.31129.53-0.96LNG ahead
2025-06-16106.13128.22-0.83LNG ahead
2025-06-13106.79130.82-1.06LNG ahead
2025-06-12107.84129.01-0.70LNG ahead
2025-06-11106.43128.99-0.90LNG ahead
2025-06-10106.78126.32-0.53LNG ahead
2025-06-09106.08125.57-0.55LNG ahead
2025-06-06106.23133.43-1.48LNG ahead
2025-06-05106.35133.87-1.53LNG ahead
2025-06-04106.21132.22-1.37LNG ahead
2025-06-03107.92134.11-1.35LNG ahead
2025-06-02107.94133.50-1.29LNG ahead
2025-05-30107.97130.08-0.88LNG ahead
2025-05-29107.73127.24-0.57LNG ahead
2025-05-28107.30128.23-0.76LNG ahead
2025-05-27109.23127.15-0.36near the usual relationship
2025-05-23109.79125.76-0.11near the usual relationship
2025-05-22108.40125.42-0.27near the usual relationship
2025-05-21109.56125.86-0.16near the usual relationship
2025-05-20111.06127.86-0.20near the usual relationship
2025-05-19111.67128.00-0.14near the usual relationship
2025-05-16110.07129.02-0.49near the usual relationship
2025-05-15108.87129.38-0.71LNG ahead
2025-05-14106.28128.03-0.93LNG ahead
2025-05-13107.26127.73-0.76LNG ahead
2025-05-12108.36126.51-0.46near the usual relationship
2025-05-09111.59128.33-0.23near the usual relationship
2025-05-08112.56130.25-0.33near the usual relationship
2025-05-07113.54131.05-0.30near the usual relationship
2025-05-06113.05128.69-0.09near the usual relationship
2025-05-05112.66129.27-0.22near the usual relationship
2025-05-02112.73129.42-0.23near the usual relationship
2025-05-01111.81126.51-0.02near the usual relationship
2025-04-30112.12126.85-0.02near the usual relationship
2025-04-29111.47130.54-0.54LNG ahead
2025-04-28110.80130.41-0.62LNG ahead
2025-04-25110.39127.99-0.40near the usual relationship
2025-04-24111.45127.49-0.20near the usual relationship
2025-04-23111.40125.19+0.06near the usual relationship
2025-04-22111.76126.13-0.01near the usual relationship
2025-04-21109.27122.59+0.08near the usual relationship
2025-04-17109.97127.04-0.36near the usual relationship
2025-04-16109.11124.84-0.22near the usual relationship
2025-04-15109.08124.57-0.19near the usual relationship
2025-04-14108.18121.66+0.03near the usual relationship
2025-04-11105.74120.92-0.22near the usual relationship
2025-04-10104.21116.82+0.07near the usual relationship
2025-04-09103.93119.56-0.32near the usual relationship
2025-04-08102.51112.61+0.36near the usual relationship
2025-04-07101.26110.98+0.39near the usual relationship
2025-04-04103.18108.27+1.04ATO ahead
2025-04-03108.40120.79+0.15near the usual relationship
2025-04-02108.34128.78-0.81LNG ahead
2025-04-01108.15126.76-0.61LNG ahead
2025-03-31107.90127.01-0.68LNG ahead
2025-03-28106.42124.17-0.55LNG ahead
2025-03-27105.36124.48-0.74LNG ahead
2025-03-26104.82127.59-1.19LNG ahead
2025-03-25103.55127.34-1.35LNG ahead
2025-03-24104.45128.21-1.34LNG ahead
2025-03-21103.75124.50-1.01LNG ahead
2025-03-20105.28126.37-1.02LNG ahead
2025-03-19105.23124.74-0.84LNG ahead
2025-03-18105.10122.97-0.65LNG ahead
2025-03-17105.74122.14-0.46near the usual relationship
2025-03-14104.63119.95-0.35near the usual relationship
2025-03-13102.63116.12-0.16near the usual relationship
2025-03-12102.72118.10-0.40near the usual relationship
2025-03-11103.77116.02+0.01near the usual relationship
2025-03-10104.65117.68-0.08near the usual relationship
2025-03-07103.73120.86-0.61LNG ahead
2025-03-06102.16118.23-0.52LNG ahead
2025-03-05103.41119.41-0.49near the usual relationship
2025-03-04104.53120.74-0.50LNG ahead
2025-03-03107.24121.22-0.18near the usual relationship
2025-02-28106.19125.45-0.84LNG ahead
2025-02-27104.45120.71-0.52LNG ahead
2025-02-26104.70120.20-0.42near the usual relationship
2025-02-25104.98118.58-0.18near the usual relationship
2025-02-24104.87120.63-0.45near the usual relationship
2025-02-21104.63121.39-0.58LNG ahead
2025-02-20103.04124.55-1.20LNG ahead
2025-02-19103.73120.10-0.56LNG ahead
2025-02-18103.35118.37-0.40near the usual relationship
2025-02-14102.27117.20-0.41near the usual relationship
2025-02-13103.29115.26-0.02near the usual relationship
2025-02-12102.15114.89-0.14near the usual relationship
2025-02-11101.26120.31-0.96LNG ahead
2025-02-1099.32121.58-1.41LNG ahead
2025-02-0799.47119.36-1.12LNG ahead
2025-02-0699.90120.00-1.14LNG ahead
2025-02-05101.26126.57-1.76LNG ahead
2025-02-0499.40125.15-1.89LNG ahead
2025-02-03100.10126.00-1.91LNG ahead
2025-01-3199.48122.76-1.61LNG ahead
2025-01-3099.62126.35-2.06LNG ahead
2025-01-2998.44125.17-2.12LNG ahead
2025-01-2898.74124.30-1.98LNG ahead
2025-01-2799.71123.20-1.70LNG ahead
2025-01-2497.38127.26-2.63LNG ahead
2025-01-2397.42128.60-2.85LNG ahead
2025-01-2298.90128.09-2.58LNG ahead
2025-01-21101.54137.02-3.34LNG ahead
2025-01-17101.47138.73-3.66LNG ahead
2025-01-16101.17139.23-3.90LNG ahead
2025-01-1598.48134.96-3.96LNG ahead
2025-01-1498.23133.43-3.92LNG ahead
2025-01-1396.51125.93-3.24LNG ahead
2025-01-1095.66123.62-3.13LNG ahead
2025-01-0897.39123.60-2.83LNG ahead
2025-01-0795.37122.68-3.17LNG ahead
2025-01-0695.29122.90-3.30LNG ahead
2025-01-0396.88122.11-2.88LNG ahead
2025-01-0296.53121.08-2.82LNG ahead
2024-12-3197.21117.94-2.12LNG ahead
2024-12-3096.98116.95-2.01LNG ahead
2024-12-2797.28115.53-1.69LNG ahead
2024-12-2697.72115.41-1.57LNG ahead
2024-12-2497.77115.53-1.58LNG ahead
2024-12-2397.17114.92-1.60LNG ahead
2024-12-2097.51114.66-1.47LNG ahead
2024-12-1996.31113.04-1.43LNG ahead
2024-12-1895.22113.43-1.75LNG ahead
2024-12-1798.69115.64-1.39LNG ahead
2024-12-1698.04115.56-1.52LNG ahead
2024-12-1398.13116.94-1.77LNG ahead
2024-12-1297.88117.81-2.00LNG ahead
2024-12-1197.75118.12-2.09LNG ahead
2024-12-1098.50116.82-1.66LNG ahead
2024-12-0998.46117.62-1.83LNG ahead
2024-12-0699.09121.81-2.47LNG ahead
2024-12-0599.85124.00-2.73LNG ahead
2024-12-04100.52122.79-2.38LNG ahead
2024-12-03101.93122.46-1.98LNG ahead
2024-12-02103.70122.16-1.52LNG ahead
2024-11-29105.63122.95-1.23LNG ahead
2024-11-27105.70121.72-0.98LNG ahead
2024-11-26104.94121.80-1.13LNG ahead
2024-11-25104.83119.78-0.78LNG ahead
2024-11-22104.74122.18-1.19LNG ahead
2024-11-21104.89123.49-1.37LNG ahead
2024-11-20102.76121.10-1.38LNG ahead
2024-11-19102.46120.78-1.38LNG ahead
2024-11-18102.59117.87-0.86LNG ahead
2024-11-15101.14116.53-0.91LNG ahead
2024-11-14100.75115.69-0.84LNG ahead
2024-11-13102.27115.26-0.45near the usual relationship
2024-11-12102.48117.50-0.79LNG ahead
2024-11-11101.99117.94-0.95LNG ahead
2024-11-08100.65112.89-0.34near the usual relationship
2024-11-0798.73110.87-0.35near the usual relationship
2024-11-0696.94108.63-0.30near the usual relationship
2024-11-0596.31105.70+0.10near the usual relationship
2024-11-0496.10103.61+0.45near the usual relationship
2024-11-0196.61102.94+0.68ATO ahead
2024-10-3196.87105.04+0.36near the usual relationship
2024-10-3097.4699.85+1.42ATO ahead
2024-10-2998.04100.19+1.48ATO ahead
2024-10-2898.76100.76+1.52ATO ahead
2024-10-2598.23101.50+1.29ATO ahead
2024-10-2499.59102.29+1.41ATO ahead
2024-10-2399.90100.37+1.83ATO ahead
2024-10-2299.06100.11+1.73ATO ahead
2024-10-2199.2799.39+1.92ATO ahead
2024-10-18100.00100.00+1.95ATO ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Oct 31, 2024 (ATO -0.6%, LNG +5.2%); Jul 21, 2025 (ATO +1.0%, LNG -7.3%). Upcoming earnings: LNG Oct 29, 2026 (pre-market); ATO Nov 4, 2026 (after-hours).

Paired trades

The shared paper book and the replay, kept apart

Forward paper record

No paper position on this pair yet.

Historical simulation (a diagnostic, same rules)

No simulated trade through Oct 20, 2026: the pair rarely passed every test while 2 standard deviations apart.

Per $10,000 a leg. A replay on today's companies cannot prove an edge.

The companies

ATO and LNG at a glance

ATO Atmos Energy Corporation

Listing
NYSE · SEC CIK 731802
Industry
Oil/Gas Transmission · SIC 4924 Natural Gas Distribution
Market value
$27.8B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

LNG Cheniere Energy Inc.

Listing
NYSE · SEC CIK 3570
Industry
Oil/Gas Transmission · SIC 4924 Natural Gas Distribution
Market value
$59.2B
Price history
2,520 daily closes, Oct 12, 2016 to Oct 22, 2026

Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.

Related
All pairs →
PairStatusAhead nowIndustry
VG / ATOWatchlistVG by 0.55 sdOil/Gas Transmission
LNG / VGWatchlistneitherOil/Gas Transmission

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Paper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.