# CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT: Form 13F holdings

An institutional investment manager in DALLAS, TX. SEC CIK 1329375.

- Quarter ended: 2026-06-30
- Filed: 2026-07-28
- Reported value: $2.23bn
- Positions: 73 (73 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1329375/000131586326000561/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [TARGA RES CORP (TRGP)](/companies/trgp.md) | COM | $164.7m | 7.4% | 614,300 |  | Reduced −38,000 |
| [ENERGY TRANSFER L P (ET)](/companies/et.md) | COM UT LTD PTN | $151.5m | 6.8% | 7,923,600 |  | Reduced −74,000 |
| [WILLIAMS COS INC (WMB)](/companies/wmb.md) | COM | $138.7m | 6.2% | 1,866,100 |  | Added +166,000 |
| [DT MIDSTREAM INC (DTM)](/companies/dtm.md) | COMMON STOCK | $107.1m | 4.8% | 730,100 |  | Added +3,000 |
| [PLAINS GP HLDGS L P (PAGP)](/companies/pagp.md) | LTD PARTNR INT A | $92.1m | 4.1% | 3,795,000 |  | Added +335,000 |
| [MPLX LP (MPLX)](/companies/mplx.md) | COM UNIT REP LTD | $91.0m | 4.1% | 1,614,600 |  | Reduced −244,500 |
| ONEOK INC NEW | COM | $85.7m | 3.8% | 985,900 |  | Reduced −84,000 |
| [KINETIK HOLDINGS INC (KNTK)](/companies/kntk.md) | COM NEW CL A | $84.7m | 3.8% | 1,752,000 |  | Reduced −122,000 |
| [TC ENERGY CORP (TRP)](/companies/trp.md) | COM | $82.6m | 3.7% | 1,245,800 |  | Reduced −34,800 |
| [CHENIERE ENERGY INC (LNG)](/companies/lng.md) | COM NEW | $80.7m | 3.6% | 337,800 |  | Added +58,000 |
| [KINDER MORGAN INC DEL (KMI)](/companies/kmi.md) | COM | $65.2m | 2.9% | 2,039,400 |  | Reduced −682,900 |
| [ENTERPRISE PRODS PARTNERS L (EPD)](/companies/epd.md) | COM | $57.5m | 2.6% | 1,565,500 |  | Reduced −180,000 |
| [WESTERN MIDSTREAM PARTNERS L (WES)](/companies/wes.md) | COM UNIT LP INT | $55.1m | 2.5% | 1,259,900 |  | Reduced −417,000 |
| [PEMBINA PIPELINE CORP (PBA)](/companies/pba.md) | COM | $53.6m | 2.4% | 1,158,100 |  | Reduced −199,000 |
| [ENBRIDGE INC (ENB)](/companies/enb.md) | COM | $51.9m | 2.3% | 956,500 |  | Reduced −45,000 |
| [BLOOM ENERGY CORP (BE)](/companies/be.md) | COM CL A | $41.4m | 1.9% | 136,900 |  | Added +1,900 |
| [ARGAN INC (AGX)](/companies/agx.md) | COM | $36.3m | 1.6% | 45,500 |  | Added +7,500 |
| [MASTEC INC (MTZ)](/companies/mtz.md) | COM | $34.4m | 1.5% | 82,800 |  | Added +11,900 |
| [GE VERNOVA INC (GEV)](/companies/gev.md) | COM | $33.7m | 1.5% | 28,700 |  | Added +4,700 |
| [SOLARIS ENERGY INFRAS INC (SEI)](/companies/sei.md) | COM CL A | $33.6m | 1.5% | 418,000 |  | Added +30,000 |
| [QUANTA SVCS INC (PWR)](/companies/pwr.md) | COM | $31.5m | 1.4% | 43,800 |  | Added +5,800 |
| [VISTRA CORP (VST)](/companies/vst.md) | COM | $31.4m | 1.4% | 198,000 |  | Added +14,400 |
| [NRG ENERGY INC (NRG)](/companies/nrg.md) | COM NEW | $31.1m | 1.4% | 212,700 |  | Added +42,200 |
| [SOUTH BOW CORP (SOBO)](/companies/sobo.md) | COM | $30.1m | 1.3% | 855,500 |  | Reduced −10,000 |
| [TALEN ENERGY CORP (TLN)](/companies/tln.md) | COM | $29.5m | 1.3% | 76,800 |  | Reduced −12,500 |
| [SUNOCOCORP LLC (SUNC)](/companies/sunc.md) | COM SHS LLC | $27.5m | 1.2% | 406,000 |  | Added +206,000 |
| [CONSTELLATION ENERGY CORP (CEG)](/companies/ceg.md) | COM | $26.6m | 1.2% | 107,000 |  | Added +24,300 |
| [DYCOM INDS INC (DY)](/companies/dy.md) | COM | $26.3m | 1.2% | 52,000 |  | Added +16,000 |
| [PALO ALTO NETWORKS INC (PANW)](/companies/panw.md) | COM | $25.6m | 1.1% | 75,000 |  | Added +3,000 |
| [EXCELERATE ENERGY INC (EE)](/companies/ee.md) | CL A COM | $24.7m | 1.1% | 650,000 |  | Added +325,000 |
| [KODIAK GAS SVCS INC (KGS)](/companies/kgs.md) | COM | $22.5m | 1.0% | 300,000 |  | New +300,000 |
| [CROWDSTRIKE HLDGS INC (CRWD)](/companies/crwd.md) | CL A | $22.1m | 1.0% | 29,000 |  | Reduced −1,000 |
| [DIGITALOCEAN HLDGS INC (DOCN)](/companies/docn.md) | COM | $22.0m | 1.0% | 140,400 |  | Added +8,200 |
| [NEXTPOWER INC (NXT)](/companies/nxt.md) | CLASS A COM | $21.6m | 1.0% | 181,000 |  | Added +38,000 |
| [EQT CORP (EQT)](/companies/eqt.md) | COM | $21.4m | 1.0% | 403,258 |  | Unchanged |
| [WATERBRIDGE INFRASTRUCTURE L (WBI)](/companies/wbi.md) | CL A SHS REPSTG | $21.2m | 1.0% | 620,000 |  | Added +417,500 |
| [SELECT WATER SOLUTIONS INC (WTTR)](/companies/wttr.md) | CL A COM | $20.4m | 0.9% | 1,020,000 |  | Added +600,000 |
| [SOLV ENERGY INC (MWH)](/companies/mwh.md) | COM SHS CL A | $17.7m | 0.8% | 520,000 |  | Added +320,000 |
| [STERLING INFRASTRUCTURE INC (STRL)](/companies/strl.md) | COM | $17.2m | 0.8% | 20,550 |  | Added +9,000 |
| [VENTURE GLOBAL INC (VG)](/companies/vg.md) | COM CL A | $15.5m | 0.7% | 1,389,000 |  | New +1,389,000 |
| [CLOUDFLARE INC (NET)](/companies/net.md) | CL A COM | $14.7m | 0.7% | 60,000 |  | Added +10,000 |
| [IRIDIUM COMMUNICATIONS INC (IRDM)](/companies/irdm.md) | COM | $12.9m | 0.6% | 236,000 |  | New +236,000 |
| [MARATHON PETE CORP (MPC)](/companies/mpc.md) | COM | $12.7m | 0.6% | 49,800 |  | Reduced −93,000 |
| [PHILLIPS 66 (PSX)](/companies/psx.md) | COM | $12.4m | 0.6% | 73,100 |  | Reduced −107,000 |
| [ENTERGY CORP NEW (ETR)](/companies/etr.md) | COM | $11.5m | 0.5% | 100,000 |  | Added +37,000 |
| [ENTEGRIS INC (ENTG)](/companies/entg.md) | COM | $10.6m | 0.5% | 59,000 |  | New +59,000 |
| [EAGLEROCK LD LLC (EROK)](/companies/erok.md) | CL A SHS REP LTD | $10.0m | 0.4% | 470,000 |  | New +470,000 |
| [SNOWFLAKE INC (SNOW)](/companies/snow.md) | COM SHS | $8.7m | 0.4% | 34,000 |  | Added +5,000 |
| NEBIUS GROUP N.V. | SHS CLASS A | $8.6m | 0.4% | 31,300 |  | New +31,300 |
| [DIGITAL RLTY TR INC (DLR)](/companies/dlr.md) | COM | $8.4m | 0.4% | 47,000 |  | Added +13,000 |
| [AMERICAN ELEC PWR CO INC (AEP)](/companies/aep.md) | COM | $8.2m | 0.4% | 60,000 |  | Added +35,000 |
| [DOMINION ENERGY INC (D)](/companies/d.md) | COM | $8.0m | 0.4% | 117,000 |  | New +117,000 |
| [WEC ENERGY GROUP INC (WEC)](/companies/wec.md) | COM | $7.8m | 0.4% | 67,000 |  | Added +32,000 |
| [DUKE ENERGY CORP NEW (DUK)](/companies/duk.md) | COM NEW | $7.7m | 0.3% | 61,000 |  | Added +26,000 |
| [SOUTHERN CO (SO)](/companies/so.md) | COM | $7.7m | 0.3% | 80,000 |  | Added +35,000 |
| IREN LIMITED | ORDINARY SHARES | $7.2m | 0.3% | 157,000 |  | Unchanged |
| [ARKO CORP (ARKO)](/companies/arko.md) | COM | $6.8m | 0.3% | 850,000 |  | New +850,000 |
| [TXO PARTNERS LP (TXO)](/companies/txo.md) | COM UNIT | $6.6m | 0.3% | 531,000 |  | Reduced −50,000 |
| [ANTERO MIDSTREAM CORP (AM)](/companies/am.md) | COM | $5.7m | 0.3% | 251,000 |  | Added +50,000 |
| [ARKO PETE CORP (APC)](/companies/apc.md) | CL A COM | $5.7m | 0.3% | 300,000 |  | Reduced −412,451 |
| [CIPHER DIGITAL INC (CIFR)](/companies/cifr.md) | COM | $5.3m | 0.2% | 215,000 |  | Added +45,000 |
| [NEXTERA ENERGY INC (NEE)](/companies/nee.md) | COM | $4.2m | 0.2% | 48,000 |  | Reduced −47,000 |
| [ALLIANCE RESOURCE PARTNERS L (ARLP)](/companies/arlp.md) | UT LTD PART | $3.6m | 0.2% | 150,000 |  | Reduced −41,000 |
| [ECOLAB INC (ECL)](/companies/ecl.md) | COM | $2.8m | 0.1% | 10,000 |  | New +10,000 |
| [PLAINS ALL AMERN PIPELINE L (PAA)](/companies/paa.md) | UNIT LTD PARTN | $2.3m | 0.1% | 105,300 |  | Added +50,000 |
| [SOLAREDGE TECHNOLOGIES INC (SEDG)](/companies/sedg.md) | COM | $2.0m | <0.1% | 35,000 |  | New +35,000 |
| [ENPHASE ENERGY INC (ENPH)](/companies/enph.md) | COM | $2.0m | <0.1% | 40,000 |  | New +40,000 |
| [NGL ENERGY PARTNERS LP (NGL)](/companies/ngl.md) | COM UNIT REPST | $1.8m | <0.1% | 110,000 |  | Reduced −40,000 |
| [CLEANSPARK INC (CLSK)](/companies/clsk.md) | COM NEW | $465.6k | <0.1% | 32,000 |  | Unchanged |
| [CORE SCIENTIFIC INC NEW (CORZ)](/companies/corz.md) | COM | $179.1k | <0.1% | 7,000 |  | New +7,000 |
| [QUANTUMSCAPE CORP (QS)](/companies/qs.md) | COM CL A | $151.2k | <0.1% | 20,000 |  | New +20,000 |
| [COREWEAVE INC (CRWV)](/companies/crwv.md) | COM CL A | $149.3k | <0.1% | 1,500 |  | New +1,500 |
| [GENESIS ENERGY L P (GEL)](/companies/gel.md) | UNIT LTD PARTN | $99.2k | <0.1% | 7,000 |  | Reduced −144,000 |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| ALPS ETF TR | ALERIAN MLP | $0 | 0.0% | 0 | Put | Sold out −100,000 |
| [CENOVUS ENERGY INC (CVE)](/companies/cve.md) | COM | $0 | 0.0% | 0 |  | Sold out −30,000 |
| GOLAR LNG LTD | SHS | $0 | 0.0% | 0 |  | Sold out −7,000 |
| NEW FORTRESS ENERGY INC | COM CL A | $0 | 0.0% | 0 |  | Sold out −100,000 |
| [PRIMORIS SVCS CORP (PRIM)](/companies/prim.md) | COM | $0 | 0.0% | 0 |  | Sold out −152,000 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | $0 | 0.0% | 0 | Put | Sold out −100,000 |
| [VIPER ENERGY INC (VNOM)](/companies/vnom.md) | CL A | $0 | 0.0% | 0 |  | Sold out −205,000 |

Source: SEC EDGAR, Form 13F-HR, accession 0001315863-26-000561. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.