NXG Cushing Midstream Energy Fund
Sponsor: NXG · Inception Sep 4, 2007 · Pays monthly
Market priceShare price
$41.59
-4.06% ($-1.76)
NAVAsset value per share
$42.21
as of Oct 14, 2026 · Nasdaq NAV symbol
Premium / discountPrice vs. assets
1.47% discount *
Indicative: latest price vs latest reported NAV
Distribution rate (price)Payout rate
14.43%
regular, annualised · on NAV 14.21%
Expense ratioAnnual cost
3.52%
fee table, Jul 10, 2026
LeverageBorrowing
Not reported
senior securities not tagged
Quote status: Market closed — last regular-session price · last trade Oct 15, 2026, 4:00 PM EDT (exchange time, ET) · retrieved Oct 15, 2026, 10:43 PM EDTRegular-session prices; extended-hours quotes are not displayed.
Full portfolio as filed on SEC Form N-PORT for the month ending May 31, 2026, filed Jul 29, 2026. 59 positions; weights are percent of net assets as reported. Weights sum to 100.0% — leverage, cash, derivatives and short positions mean totals need not equal 100%. This is a historical report, not a live portfolio.
Top 10 holdings
| # | Security | Type | Country | Weight | Value (USD) |
|---|---|---|---|---|---|
| 1 | Energy Transfer LP | Equity | United States | 5.59% | $24M |
| 2 | Targa Resources Corp | Equity | United States | 4.70% | $20.2M |
| 3 | NRG Energy Inc | Equity | United States | 4.38% | $18.8M |
| 4 | Talen Energy Corp | Equity | United States | 4.06% | $17.4M |
| 5 | Plains GP Holdings LP | Equity | United States | 3.97% | $17M |
| 6 | Vistra Corp | Equity | United States | 3.92% | $16.8M |
| 7 | Williams Cos Inc/The | Equity | United States | 3.83% | $16.4M |
| 8 | Constellation Energy Corp | Equity | United States | 3.76% | $16.1M |
| 9 | DT Midstream Inc | Equity | United States | 3.72% | $16M |
| 10 | TC Energy Corp | Equity | Canada | 3.54% | $15.2M |
Asset class
| Asset class | % net assets | Value |
|---|---|---|
| Equity (common) | 98.21% | $421M |
| Short-term investment vehicle | 1.30% | $5.6M |
| Equity (preferred) | 0.56% | $2.4M |
| Derivative (equity) | -0.06% | $-274K |
Country (top 12)
| Country (top 12) | % net assets | Value |
|---|---|---|
| Canada | 9.38% | $40.2M |
| United States | 89.73% | $385M |
| Australia | 0.89% | $3.8M |
Region
| Region | % net assets | Value |
|---|---|---|
| Canada | 9.38% | $40.2M |
| United States | 89.73% | $385M |
| Australia & New Zealand | 0.89% | $3.8M |
Issuer type
| Issuer type | % net assets | Value |
|---|---|---|
| Corporate | 98.77% | $424M |
| Registered fund | 1.30% | $5.6M |
| Other | -0.06% | $-274K |
Fair-value level
| Fair-value level | % net assets | Value |
|---|---|---|
| Level 1 | 100.06% | $429M |
| Level 2 | -0.06% | $-268K |
Level 3 = valued with unobservable inputs (typically private or illiquid).
Long / short
| Long / short | % net assets | Value |
|---|---|---|
| Long | 100.06% | $429M |
| N/A | -0.06% | $-274K |
All allocation percentages use net assets as the denominator (N-PORT convention). A position's share of invested assets may differ from its share of the whole fund including cash and leverage.
All 59 positions
| Security | Identifier | Type | Issuer | Country | Balance | Units | Value (USD) | Weight | FV level |
|---|---|---|---|---|---|---|---|---|---|
| Energy Transfer LP | 29273V100 | Equity | CORP | United States | 1,250,000 | shares | $24M | 5.59% | 1 |
| Targa Resources Corp | 87612G101 | Equity | CORP | United States | 79,000 | shares | $20.2M | 4.70% | 1 |
| NRG Energy Inc | 629377508 | Equity | CORP | United States | 140,000 | shares | $18.8M | 4.38% | 1 |
| Talen Energy Corp | 87422Q109 | Equity | CORP | United States | 45,000 | shares | $17.4M | 4.06% | 1 |
| Plains GP Holdings LP | 72651A207 | Equity | CORP | United States | 700,000 | shares | $17M | 3.97% | 1 |
| Vistra Corp | 92840M102 | Equity | CORP | United States | 105,000 | shares | $16.8M | 3.92% | 1 |
| Williams Cos Inc/The | 969457100 | Equity | CORP | United States | 230,000 | shares | $16.4M | 3.83% | 1 |
| Constellation Energy Corp | 21037T109 | Equity | CORP | United States | 56,000 | shares | $16.1M | 3.76% | 1 |
| DT Midstream Inc | 23345M107 | Equity | CORP | United States | 114,000 | shares | $16M | 3.72% | 1 |
| TC Energy Corp | 87807B107 | Equity | CORP | Canada | 228,000 | shares | $15.2M | 3.54% | 1 |
| Keyera Corp | 493271100 | Equity | CORP | Canada | 360,000 | shares | $14.9M | 3.48% | 1 |
| Bloom Energy Corp | 093712107 | Equity | CORP | United States | 52,000 | shares | $14.8M | 3.45% | 1 |
| MPLX LP | 55336V100 | Equity | CORP | United States | 240,000 | shares | $13.1M | 3.06% | 1 |
| Kinetik Holdings Inc | 02215L209 | Equity | CORP | United States | 284,000 | shares | $13M | 3.04% | 1 |
| ONEOK Inc | 682680103 | Equity | CORP | United States | 150,000 | shares | $12.6M | 2.93% | 1 |
| Sunococorp LLC | 86765Q106 | Equity | CORP | United States | 188,000 | shares | $12.3M | 2.86% | 1 |
| Enbridge Inc | 29250N105 | Equity | CORP | Canada | 185,000 | shares | $10.1M | 2.36% | 1 |
| Kinder Morgan Inc | 49456B101 | Equity | CORP | United States | 325,000 | shares | $10.1M | 2.35% | 1 |
| Primoris Services Corp | 74164F103 | Equity | CORP | United States | 76,000 | shares | $9.6M | 2.23% | 1 |
| Quanta Services Inc | 74762E102 | Equity | CORP | United States | 13,300 | shares | $9.5M | 2.21% | 1 |
| Nextpower Inc | 65290E101 | Equity | CORP | United States | 60,000 | shares | $9.4M | 2.19% | 1 |
| MasTec Inc | 576323109 | Equity | CORP | United States | 24,800 | shares | $9.4M | 2.19% | 1 |
| Western Midstream Partners LP | 958669103 | Equity | CORP | United States | 210,000 | shares | $9M | 2.10% | 1 |
| WaterBridge Infrastructure LLC | 940923105 | Equity | CORP | United States | 220,000 | shares | $6.4M | 1.50% | 1 |
| Marathon Petroleum Corp | 56585A102 | Equity | CORP | United States | 25,000 | shares | $6.2M | 1.45% | 1 |
| Cheniere Energy Inc | 16411R208 | Equity | CORP | United States | 27,000 | shares | $6.1M | 1.42% | 1 |
| GE Vernova Inc | 36828A101 | Equity | CORP | United States | 6,000 | shares | $5.8M | 1.35% | 1 |
| Phillips 66 | 718546104 | Equity | CORP | United States | 33,000 | shares | $5.8M | 1.35% | 1 |
| ARKO Petroleum Corp | 04124A100 | Equity | CORP | United States | 300,000 | shares | $5.7M | 1.33% | 1 |
| DigitalOcean Holdings Inc | 25402D102 | Equity | CORP | United States | 33,000 | shares | $5.1M | 1.20% | 1 |
| EagleRock Land LLC | 27005A105 | Equity | CORP | United States | 230,000 | shares | $5.1M | 1.19% | 1 |
| Dycom Industries Inc | 267475101 | Equity | CORP | United States | 9,000 | shares | $4.6M | 1.07% | 1 |
| Sterling Infrastructure Inc | 859241101 | Equity | CORP | United States | 5,000 | shares | $4.3M | 1.00% | 1 |
| Solv Energy Inc | 78475V103 | Equity | CORP | United States | 120,000 | shares | $4.3M | 0.99% | 1 |
| TXO Partners LP | 87313P103 | Equity | CORP | United States | 330,000 | shares | $4.2M | 0.98% | 1 |
| Solaris Energy Infrastructure | 83418M103 | Equity | CORP | United States | 60,000 | shares | $4.2M | 0.97% | 1 |
| IREN Ltd | AU0000185993 | Equity | CORP | Australia | 60,000 | shares | $3.8M | 0.89% | 1 |
| Alliance Resource Partners LP | 01877R108 | Equity | CORP | United States | 150,000 | shares | $3.7M | 0.87% | 1 |
| Cipher Digital Inc | 17253J106 | Equity | CORP | United States | 150,000 | shares | $3.5M | 0.83% | 1 |
| Excelerate Energy Inc | 30069T101 | Equity | CORP | United States | 100,000 | shares | $3.3M | 0.77% | 1 |
| First American Government Obli | 31846V336 | Short-term inv. | RF | United States | 2,779,936 | shares | $2.8M | 0.65% | 1 |
| First American Treasury Obliga | 31846V328 | Short-term inv. | RF | United States | 2,779,936 | shares | $2.8M | 0.65% | 1 |
| EQT Corp | 26884L109 | Equity | CORP | United States | 50,000 | shares | $2.7M | 0.64% | 1 |
| Argan Inc | 04010E109 | Equity | CORP | United States | 4,000 | shares | $2.7M | 0.62% | 1 |
| Arko Corp | 041242108 | Equity | CORP | United States | 321,354 | shares | $2.5M | 0.58% | 1 |
| Dominion Energy Inc | 25746U109 | Equity | CORP | United States | 37,000 | shares | $2.5M | 0.58% | 1 |
| NEXTERA ENERGY CAPITAL | 65339K860 | Preferred | CORP | United States | 81,000 | shares | $1.9M | 0.44% | 1 |
| Select Water Solutions Inc | 81617J301 | Equity | CORP | United States | 100,000 | shares | $1.8M | 0.42% | 1 |
| NextEra Energy Inc | 65339F101 | Equity | CORP | United States | 15,000 | shares | $1.3M | 0.30% | 1 |
| NGL ENERGY PARTNERS LP | 62913M305 | Preferred | CORP | United States | 20,313 | shares | $519K | 0.12% | 1 |
| N/A | ticker NRG 5 C148 | Equity deriv. | OTHER | United States | -1,000 | contracts | $-108K | -0.03% | 2 |
| N/A | ticker TLN 5 C410 | Equity deriv. | OTHER | United States | -400 | contracts | $-96K | -0.02% | 2 |
| N/A | ticker DOCN 5 C182.5 | Equity deriv. | OTHER | United States | -300 | contracts | $-64.5K | -0.02% | 2 |
| N/A | ticker CEG 5 C320 | Equity deriv. | OTHER | United States | -530 | contracts | $-1.7K | -0.00% | 1 |
| N/A | ticker VST 5 C177.5 | Equity deriv. | OTHER | United States | -800 | contracts | $-1.6K | -0.00% | 1 |
| N/A | ticker CIFR 5 C27 | Equity deriv. | OTHER | United States | -1,500 | contracts | $-1.5K | -0.00% | 1 |
| N/A | ticker IREN 5 C69 | Equity deriv. | OTHER | United States | -600 | contracts | $-600 | -0.00% | 1 |
| N/A | ticker BE 5 C400 | Equity deriv. | OTHER | United States | -500 | contracts | $-500 | -0.00% | 1 |
| N/A | ticker GEV 5 C1145 | Equity deriv. | OTHER | United States | -50 | contracts | $-150 | -0.00% | 1 |
Equities show share counts; bonds and loans show principal amount. Coupon, maturity and ratings are shown where the filing discloses them. Source: SEC N-PORT via market-data vendor re-serve, position-level.
Holdings reports on file
| Report date | Filed | Positions | Σ weight | Net assets (calc.) | Coverage |
|---|---|---|---|---|---|
| May 31, 2026 | Jul 29, 2026 | 59 | 100.0% | $429M | full |
| Feb 28, 2026 | Apr 29, 2026 | 57 | 100.0% | $394M | full |
| Nov 30, 2025 | Jan 29, 2026 | 46 | 100.0% | $259M | full |
Net assets here are calculated from position values ÷ reported weights (median across positions), not a reported figure.
CEF Explorer research page for NXG Cushing Midstream Energy Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.