CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT

All holdings · as of Mar 31, 2026

Company	Class	Value ↓	Shares	% of portfolio
Targa Resources Corp	—	$163.55M	652,300	8.1%
Energy Transfer LPET	MLP	$154.35M	7,997,600	7.7%
Williams Cos Inc/The	—	$123.73M	1,700,100	6.2%
MPLX LPMPLX	MLP	$106.10M	1,859,100	5.3%
DT Midstream, Inc.	—	$97.92M	727,100	4.9%
ONEOK Inc	—	$96.71M	1,069,900	4.8%
KINDER MORGAN, INC.	—	$91.28M	2,722,300	4.5%
Kinetik Holdings Inc.	—	$90.72M	1,874,000	4.5%
PLAINS GP HOLDINGS LPPAGP	Ltd Part	$84.01M	3,460,000	4.2%
TC ENERGY CORP	—	$80.17M	1,280,600	4.0%
Cheniere Energy, Inc.	—	$79.40M	279,800	4.0%
Western Midstream Partners LP	—	$69.04M	1,676,900	3.4%
ENTERPRISE PRODUCTS PARTNERS L.P.EPD	MLP	$66.05M	1,745,500	3.3%
PEMBINA PIPELINE CORP	—	$60.74M	1,357,100	3.0%
ENBRIDGE INC	—	$54.22M	1,001,500	2.7%
Marathon Petroleum Corp	—	$34.87M	142,800	1.7%
Phillips 66	—	$32.81M	180,100	1.6%
SOUTH BOW CORP	—	$28.84M	865,500	1.4%
Talen Energy Corp	—	$28.51M	89,300	1.4%
Vistra Corp.	—	$27.60M	183,600	1.4%
EQT Corp	—	$25.66M	403,258	1.3%
NRG Energy Inc	—	$24.92M	170,500	1.2%
Constellation Energy Corp	—	$23.09M	82,700	1.1%
MASTEC INC	—	$22.81M	70,900	1.1%
Solaris Energy Infrastructure, Inc.	—	$21.93M	388,000	1.1%
Primoris Services Corp	—	$21.74M	152,000	1.1%
GE Vernova Inc.	—	$20.95M	24,000	1.0%
Quanta Services Inc	—	$20.86M	38,000	1.0%
Argan, Inc.	—	$20.70M	38,000	1.0%
Bloom Energy Corp	—	$18.29M	135,000	0.9%
Nextpower Inc.	—	$17.24M	143,000	0.9%
ARKO Petroleum Corp.	—	$12.75M	712,451	0.6%
SunocoCorp LLCSUNC	Common Stock	$12.33M	200,000	0.6%
DYCOM INDUSTRIES INC	—	$12.20M	36,000	0.6%
CrowdStrike Holdings, Inc.	—	$11.71M	30,000	0.6%
Palo Alto Networks Inc	—	$11.54M	72,000	0.6%
DigitalOcean Holdings, Inc.	—	$11.34M	132,200	0.6%
Excelerate Energy, Inc.	—	$10.86M	325,000	0.5%
Cloudflare, Inc.	—	$10.32M	50,000	0.5%
Viper Energy, Inc.	—	$9.63M	205,000	0.5%
NEXTERA ENERGY INC	—	$8.82M	95,000	0.4%
TXO Partners, L.P.TXO	Ltd Part	$7.31M	581,000	0.4%
ENTERGY CORP /DE	—	$7.08M	63,000	0.4%
Select Water Solutions, Inc.	—	$6.43M	420,000	0.3%
Digital Realty Trust Inc	—	$6.13M	34,000	0.3%
SOLV Energy, Inc.MWH	Common Stock	$6.01M	200,000	0.3%
WaterBridge Infrastructure LLC	—	$5.42M	202,500	0.3%
IREN LIMITED	—	$5.38M	157,000	0.3%
ALLIANCE RESOURCE PARTNERS LPARLP	MLP	$5.28M	191,000	0.3%
STERLING INFRASTRUCTURE, INC.	—	$4.70M	11,550	0.2%