Hedgebook
As of 2026.05.12
KXRECSSNBER-2614.5%14¢ / 15¢KXUSTYLD-30Y26JUN30-T5.3050%0¢ / 100¢KXECONSTATCPIYOY-26MAY-T4.340%39¢ / 41¢KXPAYROLLS-26JUL-T6000054.5%49¢ / 60¢KXNEWOUTBREAK-P-2610.5%10¢ / 11¢KXWTIW-26MAY15-T101.9950%0¢ / 100¢KXTARIFFRATEPRC-26JUL01-1453.5%51¢ / 56¢KXNGASMAX-26DEC31-P4.5090%81¢ / 99¢KXHURCTOT-26DEC01-T568%64¢ / 72¢KXHURCTOTMAJ-26DEC01-T418.5%11¢ / 26¢KXH200MON-26MAY31-2.73077%58¢ / 96¢KXTAIWANLVL4-27JAN0114.5%14¢ / 15¢
Category note · Natural gas

Natural gas trades > $4.50

Will natural gas trade above $4.50/MMBtu before January 1, 2027?

Resolves on 2027.01.01. The market trades at 90% as of 2026.05.27 — implying high consensus the answer is yes. Linked to 15 S&P 500 names including XOM, CVX, NEE, COP, SO.

Open on Kalshi
Linked S&P 500
XOMExxonMobilCVXChevron CorporationNEENextEra EnergyCOPConocoPhillipsSOSouthern Company+10 more
Market map

Referenced companies by sector

11 companies shown · 4 more referenced

Market · Natural gas

Natural gas trades > $4.50

90%Current Kalshi probability
Ticker
KXNGASMAX-26DEC31-P4.50
Quote
81¢ / 99¢
Status
Active
Resolution
2027.01.01
As of
Quote as of 2026.05.27 02:23 UTC

Energy

10 referenced
XOM$624.4BCVX$370.3BCOP$143.6BSLB$83.2BMPC$73.6BVLO$73.4B+4 more Energy

Utilities

5 referenced
NEE$197.3BSO$105.4BDUK$97.5BAEP$71.8BSRE$61.1B
Companies referenced
XOM

ExxonMobil

ExxonMobil is included because energy prices can affect input costs, demand, and margins for Integrated Oil & Gas.

$624.4BOpen company dossier →CVX

Chevron Corporation

Chevron Corporation is included because energy prices can affect input costs, demand, and margins for Integrated Oil & Gas.

$370.3BOpen company dossier →NEE

NextEra Energy

NextEra Energy is included because energy prices can affect input costs, demand, and margins for Multi-Utilities.

$197.3BOpen company dossier →COP

ConocoPhillips

ConocoPhillips is included because energy prices can affect input costs, demand, and margins for Oil & Gas Exploration & Production.

$143.6BOpen company dossier →SO

Southern Company

Southern Company is included because energy prices can affect input costs, demand, and margins for Electric Utilities.

$105.4BOpen company dossier →DUK

Duke Energy

Duke Energy is included because energy prices can affect input costs, demand, and margins for Electric Utilities.

$97.5BOpen company dossier →SLB

Schlumberger

Schlumberger is included because energy prices can affect input costs, demand, and margins for Oil & Gas Equipment & Services.

$83.2BOpen company dossier →MPC

Marathon Petroleum

Marathon Petroleum is included because energy prices can affect input costs, demand, and margins for Oil & Gas Refining & Marketing.

$73.6BOpen company dossier →VLO

Valero Energy

Valero Energy is included because energy prices can affect input costs, demand, and margins for Oil & Gas Refining & Marketing.

$73.4BOpen company dossier →AEP

American Electric Power

American Electric Power is included because energy prices can affect input costs, demand, and margins for Electric Utilities.

$71.8BOpen company dossier →EOG

EOG Resources

EOG Resources is included because energy prices can affect input costs, demand, and margins for Oil & Gas Exploration & Production.

$71.4BOpen company dossier →PSX

Phillips 66

Phillips 66 is included because energy prices can affect input costs, demand, and margins for Oil & Gas Refining & Marketing.

$70.3BOpen company dossier →BKR

Baker Hughes

Baker Hughes is included because energy prices can affect input costs, demand, and margins for Oil & Gas Equipment & Services.

$64.7BOpen company dossier →SRE

Sempra

Sempra is included because energy prices can affect input costs, demand, and margins for Multi-Utilities.

$61.1BOpen company dossier →HAL

Halliburton

Halliburton is included because energy prices can affect input costs, demand, and margins for Oil & Gas Equipment & Services.

$34.8BOpen company dossier →