3 Energy Stocks With Pricing Power as Inflation Lifts Oil and Gas Costs

Hotter inflation readings and rising energy costs have turned the macro backdrop into a stress test for almost every corner of the market. Yet for some oil and gas stocks, this mix of pressure and pricing power can reshape earnings potential in a hurry. Investors who ignore this may miss moves that happen long before the next Fed meeting. This article examines three energy sector stocks directly exposed to the latest inflation shock and explains why each one may warrant closer attention at this time.

The stocks covered below are only a starter set, and the full screen surfaced 28 more U.S. energy companies with equally compelling stories tied to oil, gas and refining that are not discussed in this article. If you want to move straight from idea to action, use the Energy Sector Stocks (Oil & Gas Producers and Refiners) screener to identify, filter and analyze the candidates that best match your own highest conviction.

Patterson-UTI Energy plugs directly into the screener’s oil and gas production theme as a large onshore drilling and completion contractor whose activity level closely tracks E&P spending and, by extension, commodity pricing.

Patterson-UTI Energy runs drilling rigs, frac fleets and drilling products that support oil and gas producers, with most 2026 revenue coming from Completion Services at about US$2.8b, Drilling Services at roughly US$1.5b, Drilling Products near US$341 million and Other Operations around US$25 million. The stock has a market value close to US$4.4b.

“Accelerating demand for high spec rigs as customers move to longer laterals and deeper shale zones is allowing Patterson-UTI Energy to place upgraded rigs on term contracts at dayrates several thousand dollars per day above standard super spec rigs.”

What really matters for investors now is how one less visible pressure in this setup shapes future pricing power and cash generation.

That quiet squeeze on pricing power is exactly what sits at the center of the full narrative for Patterson-UTI Energy, which maps how dayrates, capital discipline and contract terms could be converging into a very different earnings profile.

Infinity Natural Resources is a pure upstream play on the screener’s oil and gas theme, with output tied directly to crude, gas and NGL pricing from its Utica and Marcellus positions. The company generated about US$523 million from acquisition, exploration, development and production, and carries a market value near US$881 million.

For investors using this energy screen to lean into pricing-sensitive producers, Infinity Natural Resources offers a straightforward way to plug into the oil and gas side of the inflation story while keeping attention on how its wells translate commodity moves into cash flow.

“Although the company is rapidly scaling high deliverability Pennsylvania Marcellus gas volumes into a tightening North American gas market, any delay in bringing new midstream and takeaway expansions online could cap realized volumes and temper revenue growth just as production ramps.”

What happens to Infinity Natural Resources’ cash generation hinges on how one unresolved capacity constraint shapes the conversion of strong demand into realized pricing.

Capacity is only part of the story, and the full narrative for Infinity Natural Resources shows how Infinity Natural Resources could turn those volume bottlenecks into accelerating pricing power and overlooked cash potential.

Excelerate Energy plugs directly into the screener’s energy price theme because its LNG and gas infrastructure turns global pricing into fee-based utility style revenue, with about US$1.5b from gas related services and a market value near US$4b anchoring its role in this list.

Excelerate Energy gives you a different way to play rising fuel costs, since its floating LNG terminals and contracted services connect price sensitive gas demand to infrastructure fees rather than pure commodity output. This is exactly the setup the next quote brings into focus.

“Excelerate Energy controls 12 of a little over 50 FSRUs globally at a time when about 200 million tonnes per annum of new LNG supply is expected by the end of the decade, which can support higher utilization and pricing for regas assets and feed into EBITDA growth if tight capacity persists.”

What happens to Excelerate Energy’s margins and cash returns from here depends on how one less visible pressure in its contract mix unfolds.

If that contract pressure has your attention, read the full narrative for Excelerate Energy to see how Excelerate Energy could convert tight FSRU supply into accelerating, less cyclical cash flows.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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