Inflation stocks

Companies that benefit from high inflation through strong pricing power, ownership of real assets, or upstream commodity production. Each company is scored for exposure, with the reason and its sources.

Screened October 25, 2026. Market data as of the same day.

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Companies that benefit from high inflation through strong pricing power, ownership of real assets, or upstream commodity production.

39 companies · 39 benefit · 0 hurt


FNV	Franco-Nevada Corporation	+0.96	Nominal Royalty & Ad Valorem Fee Model	$44.1B	30.7	+64.4%	63.8%	+9.7%	+18.1%	Canada	Non-Energy Minerals
Franco-Nevada Corporation+0.96Nominal Royalty & Ad Valorem Fee Model Franco-Nevada’s royalty and streaming model captures precious-metal price and production upside while remaining relatively insulated from operating-cost inflation. That combination makes it a strong inflation beneficiary. Nominal Royalty & Ad Valorem Fee Model: Payment networks, commodity royalty streamers, and exchanges charging percentage-based take rates on higher nominal transaction amounts with minimal operating cost exposure. operational_cost_insulation · FNV 2026-07-23 15:21:03 UTCOpen source Royalty and streaming model is heavily insulated from operating cost inflation. Franco-Nevada Corporation 2026-09-23 17:27:23 UTCOpen source A shift from nominal cash and Treasuries toward precious metals can support bullion prices and the value of Franco-Nevada’s royalty and streaming portfolio. FNV captures metal-price and partner-production upside with less direct exposure than mine operators to fuel, labor, and sustaining-capital inflation.
COP	ConocoPhillips	+0.93	Upstream Commodity Producer	$181B	20.0	+9.5%	14.7%	+61.1%	+68.1%	United States	Energy Minerals
ConocoPhillips+0.93Upstream Commodity Producer ConocoPhillips is a largely upstream oil and gas producer, so higher crude benchmarks can directly lift realized prices, revenue and cash flow during an energy-driven inflation shock. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. crude_oil_price_exposure · COP 2026-07-28 11:25:46 UTCOpen source Upstream oil and gas producer highly exposed to crude benchmarks, benefiting directly from high global prices. ConocoPhillips 2026-10-07 07:35:25 UTCOpen source ConocoPhillips is a largely upstream oil and gas producer, so higher global crude benchmarks directly improve realized prices, revenue, and cash flow when conflict-related supply scarcity persists.
WPM	Wheaton Precious Metals Corp.	+0.91	Nominal Royalty & Ad Valorem Fee Model	$54.9B	27.6	+80.8%	64.7%	+1.6%	+22.1%	Canada	Non-Energy Minerals
Wheaton Precious Metals Corp.+0.91Nominal Royalty & Ad Valorem Fee Model Wheaton’s precious-metals streaming model provides exposure to higher gold and silver prices while limiting direct exposure to mine labor, fuel and sustaining-cost inflation. This supports a strong positive inflation-hedging profile. Nominal Royalty & Ad Valorem Fee Model: Payment networks, commodity royalty streamers, and exchanges charging percentage-based take rates on higher nominal transaction amounts with minimal operating cost exposure. Wheaton Precious Metals Corp. 2026-05-24 20:04:30 UTCOpen source Wheaton acts as a hedge against the conflict-driven inflation. Its streaming model provides exposure to rising gold and silver prices without the inflationary cost pressures (like fuel and labor) that typically squeeze traditional mining operations. Wheaton Precious Metals Corp. 2026-09-23 17:27:23 UTCOpen source A record M2 level and faster year-over-year growth can support gold and silver investment demand through inflation-hedging and currency-debasement concerns. Wheaton’s streaming model provides metal-price exposure while limiting direct exposure to mine labor, fuel, and sustaining-cost inflation.
FANG	Diamondback Energy, Inc.	+0.90	Upstream Commodity Producer	$57.6B	39.9	+21.4%	8.5%	+36.2%	+39.4%	United States	Energy Minerals
Diamondback Energy, Inc.+0.90Upstream Commodity Producer Diamondback’s onshore Permian production captures higher crude realizations as global energy prices rise. Its domestic operations avoid direct disruption from overseas shipping risks while retaining exposure to the associated price premium. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. operating_margin_crude_oil_exposure · FANG 2026-08-14 00:43:56 UTCOpen source Operating cash flows and cash margins expand directly as realized prices capture elevated global energy benchmarks. Diamondback Energy, Inc. 2026-06-11 20:08:49 UTCOpen source Diamondback is a direct beneficiary of the surge in producer prices, particularly energy costs. As a U.S.-focused upstream producer, it benefits from high crude oil prices driven by Middle East geopolitical risks without experiencing operational disruption from the conflict. The company estimates that $90/bbl oil supports high free cash flow yields, which increase significantly at $110/bbl. Diamondback Energy, Inc. 2026-08-02 14:05:24 UTCOpen source Diamondback Energy operates strictly onshore in the US Permian Basin, insulating its physical assets from Middle Eastern geopolitical threats. It captures maximum financial upside from high geopolitical risk premiums and crude oil price spikes driven by potential threats to Middle East energy infrastructure and shipping lanes.
FCX	Freeport-McMoRan Inc.	+0.89	Upstream Commodity Producer	$93.6B	32.2	-1.9%	11.6%	+26.0%	+57.3%	United States	Non-Energy Minerals
Freeport-McMoRan Inc.+0.89Upstream Commodity Producer Freeport-McMoRan’s copper and gold production provides direct exposure to higher metal prices and nominal commodity demand. Rising energy, labor and financing costs can offset some of the benefit. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. inflation_pass_through_capacity · FCX 2026-05-23 20:05:47 UTCOpen source Direct commodity exposure allows revenue to reset instantly with global market prices, effectively passing all inflationary upside to the top line. Freeport-McMoRan Inc. 2026-09-23 17:27:23 UTCOpen source Persistent liquidity growth can support nominal commodity demand and inflation-hedging flows, benefiting Freeport’s copper and gold revenues. Higher energy, labor, financing, and real-rate costs could offset part of the commodity-price benefit.
DNO.OL	DNO ASA	+0.88	Upstream Commodity Producer	$2.4B	32.1	+178.1%	3.0%	+47.0%	+79.6%	Norway	Energy Minerals
DNO ASA+0.88Upstream Commodity Producer DNO’s largely unhedged North Sea oil and gas production captures benchmark-price increases directly, supporting revenue and operating cash flow during an energy-price-driven inflation shock. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. benchmark_price_capture · DNO.OL 2026-10-09 06:36:03 UTCOpen source DNO’s largely unhedged North Sea production captures benchmark-price upside directly rather than primarily suffering from energy input inflation. DNO ASA 2026-10-09 06:36:03 UTCOpen source DNO is a Norwegian oil and gas operator with largely unhedged North Sea production. The Middle East-driven energy supply shock can therefore pass through relatively directly into higher realized oil and gas prices, revenue, and operating cash flow.
BHP.AX	BHP Group Limited	+0.87	Upstream Commodity Producer	$196B	19.2	+9.2%	16.9%	+20.9%	+28.8%	Australia	Non-Energy Minerals
BHP Group Limited+0.87Upstream Commodity Producer BHP is an upstream commodity producer whose realized prices and revenue can rise with stronger commodity prices. This creates a direct positive link to inflation in raw materials. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. upstream_commodity_revenue_exposure · BHP.AX 2026-09-09 02:00:09 UTCOpen source BHP is an upstream commodity producer whose realized prices and revenue can benefit from stronger Chinese industrial demand and higher commodity prices.
EQNR	Equinor ASA	+0.86	Upstream Commodity Producer	$116B	13.3	+6.8%	8.0%	+104.7%	+96.1%	Norway	Energy Minerals
Equinor ASA+0.86Upstream Commodity Producer Equinor’s upstream oil and gas production can benefit from higher realized commodity prices as energy inflation persists. Geopolitical disruption, taxes and weaker demand may moderate the gains. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. energy_price_operating_sensitivity · EQNR 2026-09-12 04:31:07 UTCOpen source Equinor is an upstream and pipeline gas supplier, so higher oil and gas prices can increase realized commodity value rather than primarily increasing industrial input costs. Equinor ASA 2026-09-12 04:31:07 UTCOpen source Equinor is an upstream oil and gas producer rather than an energy-intensive downstream consumer. A sustained oil and gas shock can increase realized commodity prices and upstream cash flow, although geopolitical disruption, taxes and weaker European demand create offsets.
CVX	Chevron Corporation	+0.85	Upstream Commodity Producer	$461B	22.4	+12.7%	9.7%	+53.3%	+47.4%	United States	Energy Minerals
Chevron Corporation+0.85Upstream Commodity Producer Chevron’s upstream production can capture higher crude realizations during energy-price inflation, while its downstream operations may benefit from elevated refined-product prices. Weaker demand and operating costs can offset some of the upside. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. fuel_and_energy_input_cost_vulnerability · CVX 2026-07-22 18:41:33 UTCOpen source As an energy producer, its margins are net positive to rising commodity prices rather than vulnerable. energy_inflation_pass_through · CVX 2026-09-16 18:31:46 UTCOpen source Chevron is a direct beneficiary of the energy-price inflation channel because upstream crude realizations and downstream refined-product pricing can rise with elevated energy prices. Chevron Corporation 2026-10-15 13:33:58 UTCOpen source Chevron's integrated upstream and downstream operations can capture higher crude realizations and refined-product pricing when energy supply disruptions drive the PPI increase, with weaker transportation demand as an offset. Chevron Corporation 2026-08-17 12:35:49 UTCOpen source The gasoline-led inflation acceleration is consistent with elevated refined-product pricing and an energy-price transmission channel. Chevron’s integrated upstream and downstream operations can benefit from higher crude realizations and refined-product pricing, making it a relative beneficiary of persistent energy inflation.
CNQ	Canadian Natural Resources Limited	+0.84	Upstream Commodity Producer	$114B	13.9	+12.7%	26.3%	+63.4%	+76.6%	Canada	Energy Minerals
Canadian Natural Resources Limited+0.84Upstream Commodity Producer Canadian Natural Resources is a direct upstream beneficiary of higher crude prices, which can lift realized prices and revenue. Currency and interest-rate effects are potential offsets. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. energy_trade_offset_exposure · CNQ 2026-09-21 16:56:06 UTCOpen source CNQ is a direct upstream beneficiary of higher crude prices and can benefit through higher realized prices and upstream revenue. Canadian Natural Resources Limited 2026-09-21 16:56:06 UTCOpen source The inflation concern is partly driven by higher energy prices. As a large Western Canadian oil producer, CNQ can benefit through higher realized crude prices and upstream revenue, although a stronger Canadian dollar and higher rates are partial offsets.
TTE	TotalEnergies	+0.83	Upstream Commodity Producer	$207B	11.7	-5.2%	9.1%	+41.8%	+47.6%	France	Energy Minerals
TotalEnergies+0.83Upstream Commodity Producer TotalEnergies’ upstream production is tied to global oil and gas benchmarks, so higher commodity prices can raise its sales revenue and profits during energy-driven inflation. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. energy_profit_sensitivity · TTE 2026-07-16 08:07:20 UTCOpen source Integrated oil and gas major benefiting directly from higher sales prices for upstream production.
BP.L	BP plc	+0.82	Upstream Commodity Producer	—	—	—	—	—	—	—	—
BP plc+0.82Upstream Commodity Producer BP’s energy production gives it direct exposure to inflation-linked commodity prices, which can increase revenue when global energy prices rise. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. energy_shock_operating_exposure · BP.L 2026-10-16 03:32:54 UTCOpen source BP is identified as an energy stock that can gain from inflation-linked commodity prices, making its direct energy-revenue exposure strongly positive.
WDS.AX	Woodside Energy Group Ltd	+0.81	Upstream Commodity Producer	$43.8B	13.9	-9.5%	22.2%	+38.5%	+38.4%	Australia	Energy Minerals
Woodside Energy Group Ltd+0.81Upstream Commodity Producer Woodside’s upstream oil and LNG production benefits from higher global energy prices through improved realized prices and revenue. Currency effects and operating costs may temper the benefit. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. input_cost_intensity · WDS.AX 2026-09-30 01:52:18 UTCOpen source Woodside is more likely to benefit from higher oil and LNG prices than suffer direct input-cost inflation; its principal exposure here is commodity revenue and AUD translation. Woodside Energy Group Ltd 2026-10-14 01:33:24 UTCOpen source Higher global energy costs reinforce the revenue and realized-price benefit for Woodside's upstream oil and LNG production. This is a positive commodity-revenue hedge against the inflation shock that is keeping the RBA's tightening option open.
LNG	Cheniere Energy, Inc.	+0.80	Upstream Commodity Producer	$61.7B	22.2	+21.6%	13.2%	+53.6%	+31.2%	United States	Industrial Services
Cheniere Energy, Inc.+0.80Upstream Commodity Producer Cheniere can benefit when international LNG benchmarks rise relative to domestic gas costs, expanding margins and increasing the value of its energy exports during energy-driven inflation. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. geopolitical_energy_price_sensitivity · LNG 2026-08-11 10:44:37 UTCOpen source Captures significant margin expansion as international price benchmarks spike relative to domestic gas costs. Cheniere Energy, Inc. 2026-06-16 16:04:51 UTCOpen source Cheniere Energy benefits from the energy-driven inflation that is forcing the Fed into a hawkish posture. Geopolitical disruptions in the Middle East have tightened global LNG supply, allowing U.S. exporters like Cheniere to capture higher pricing and increased demand for supply security.
E	Eni S.p.A.	+0.79	Upstream Commodity Producer	$90.7B	10.5	+9.4%	4.3%	+61.8%	+71.5%	Italy	Energy Minerals
Eni S.p.A.+0.79Upstream Commodity Producer Eni’s revenue is tied to global energy benchmarks, providing a positive commodity-price pathway when inflation is driven by higher energy prices. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. inflationary_pricing_power · E 2026-06-02 16:09:49 UTCOpen source Similar to TTE, revenue is tied to global benchmarks that are currently high.
OXY	Occidental Petroleum	+0.78	Upstream Commodity Producer	$64.1B	19.0	-10.7%	17.3%	+55.6%	+48.8%	United States	Energy Minerals
Occidental Petroleum+0.78Upstream Commodity Producer Occidental’s oil production directly benefits from higher crude prices, supporting a positive revenue and cash-flow response to energy inflation. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. crude_oil_price_exposure · OXY 2026-04-13 16:39:09 UTCOpen source Directly benefits from higher oil prices with no regional exposure risks.
EOG	EOG Resources, Inc.	+0.77	Upstream Commodity Producer	$85.5B	12.7	+17.1%	25.8%	+55.3%	+50.3%	United States	Energy Minerals
EOG Resources, Inc.+0.77Upstream Commodity Producer EOG is a U.S.-focused upstream producer, so higher crude realizations can raise revenue as oil prices increase. Its low-cost, unhedged production supports direct spot-price capture. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. crude_input_cost_exposure · EOG 2026-10-04 07:51:24 UTCOpen source EOG is a U.S.-focused upstream producer, so the evidenced pathway is higher crude realizations rather than crude-derived input inflation. EOG Resources, Inc. 2026-07-24 10:38:35 UTCOpen source EOG Resources is a premier U.S. upstream producer with unhedged crude production and a low-cost base, allowing it to act as the cleanest spot-capture beneficiary of escalating Brent/WTI crude prices.
SU	Suncor Energy Inc.	+0.76	Upstream Commodity Producer	$92.8B	15.0	+9.0%	15.8%	+79.4%	+98.5%	Canada	Energy Minerals
Suncor Energy Inc.+0.76Upstream Commodity Producer Suncor’s upstream realized prices and operating cash flow benefit from higher crude prices, although its operating inputs can also become more expensive. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. energy_price_net_exposure · SU 2026-10-19 12:38:39 UTCOpen source Suncor’s upstream realized prices and operating cash flow benefit from the crude-price shock underlying the energy-driven CPI increase, although operating inputs also rise.
PR	Permian Resources Corporation	+0.75	Upstream Commodity Producer	$21.3B	16.9	+12.8%	21.5%	+81.8%	+99.9%	United States	Energy Minerals
Permian Resources Corporation+0.75Upstream Commodity Producer Permian Resources is a pure-play U.S. exploration and production company whose revenue and cash flow are directly linked to crude-price realizations. Higher crude prices therefore support a positive inflation exposure. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. energy_cost_margin_leverage · PR 2026-06-18 16:05:11 UTCOpen source As a pure-play E&P producer, their sensitivity is almost entirely on the revenue/output side rather than input cost margins. Permian Resources Corporation 2026-08-21 20:15:24 UTCOpen source Permian Resources is a pure-play U.S. E&P whose revenue and cash flow are directly linked to crude-price realizations. The higher-price environment implied by ConocoPhillips’ results is therefore favorable for PR, while the company remains exposed to the broader discipline of U.S. upstream capital spending.
STO.AX	Santos Limited	+0.74	Upstream Commodity Producer	$20.6B	27.2	-8.5%	14.4%	+46.4%	+43.4%	Australia	Energy Minerals
Santos Limited+0.74Upstream Commodity Producer Santos produces oil and gas, so higher global energy prices can lift its realized commodity revenue and margins. This is a direct beneficiary of energy-driven inflation. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. Santos Limited 2026-10-14 01:33:24 UTCOpen source Santos is an upstream oil and gas producer, so higher global energy prices can raise realized commodity revenue and margins. The company therefore benefits directly from the energy-cost shock that is contributing to persistent inflation and additional RBA tightening risk.
ONGC.NS	Oil and Natural Gas Corporation Limited	+0.73	Upstream Commodity Producer	$30.0B	6.6	+7.0%	6.2%	-5.6%	-9.0%	India	Energy Minerals
Oil and Natural Gas Corporation Limited+0.73Upstream Commodity Producer ONGC is an upstream producer whose realizations are linked to global crude benchmarks. Higher oil prices can support revenue and operating earnings, subject to government pricing, taxation and production constraints. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. Oil and Natural Gas Corporation Limited 2026-10-14 07:04:41 UTCOpen source Petroleum and natural-gas wholesale prices rose 57.32% year over year. ONGC is an upstream producer whose realizations are linked to global crude benchmarks, so elevated oil prices can support operating revenue, EBITDA and domestic exploration economics.
OIL.NS	Oil India Limited	+0.72	Upstream Commodity Producer	$7.7B	8.7	+20.4%	21.5%	+5.6%	+9.2%	India	Energy Minerals
Oil India Limited+0.72Upstream Commodity Producer Oil India’s upstream production gives it exposure to higher crude realizations when petroleum prices rise. Government pricing and production constraints may limit the extent of the benefit. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. Oil India Limited 2026-10-14 07:04:41 UTCOpen source The petroleum and natural-gas component of WPI rose sharply, improving realizations for upstream producers. Oil India is identified as a direct beneficiary of higher crude realizations, subject to government pricing, taxation and production constraints.
IMO	Imperial Oil Limited	+0.71	Upstream Commodity Producer	$65.2B	22.6	+2.5%	8.3%	+55.6%	+50.9%	Canada	Energy Minerals
Imperial Oil Limited+0.71Upstream Commodity Producer Imperial Oil has positive upstream revenue and free-cash-flow sensitivity to elevated oil prices, which can provide a hedge against energy-driven inflation. Downstream margins and domestic demand may vary. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. Imperial Oil Limited 2026-10-19 12:38:39 UTCOpen source The sharp energy and gasoline increases behind the Canadian CPI print indicate continued support for crude and refined-product realizations. Imperial Oil is a Canadian oil major with positive upstream revenue and free-cash-flow sensitivity to elevated oil prices, although downstream margins and domestic demand can vary.
BPT.AX	Beach Energy Limited	+0.70	Upstream Commodity Producer	$1.5B	7.6	-8.8%	14.7%	-19.7%	-23.9%	Australia	Energy Minerals
Beach Energy Limited+0.70Upstream Commodity Producer Beach Energy’s upstream oil and gas revenue is positively exposed to higher global energy prices, offering a direct commodity-revenue offset to inflationary pressure. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. Beach Energy Limited 2026-10-14 01:33:24 UTCOpen source Beach Energy's upstream oil and gas revenue is positively exposed to higher global oil and energy prices. The benefit can offset broader domestic-rate headwinds because the same energy shock is increasing the probability of another RBA hike.
HL	Hecla Mining Company	+0.69	Upstream Commodity Producer	$9.3B	17.8	+51.1%	32.3%	-29.5%	+4.2%	United States	Non-Energy Minerals
Hecla Mining Company+0.69Upstream Commodity Producer Hecla directly produces silver and gold, so higher precious-metal prices can increase revenue. Its exposure is tempered by the operating costs inherent in mining. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. commodity_price_sensitivity · HL 2026-04-13 16:31:24 UTCOpen source Direct miner of silver/gold; revenue scales directly with safe-haven metal surges.
AEM	Agnico Eagle Mines Limited	+0.68	Upstream Commodity Producer	$88.6B	15.3	+42.6%	40.5%	+2.2%	+4.3%	Canada	Non-Energy Minerals
Agnico Eagle Mines Limited+0.68Upstream Commodity Producer Agnico Eagle’s gold production benefits from higher realized gold prices, with its relatively low-cost and diversified production base allowing some of that upside to flow through to cash flow. Mine-site labor and fuel inflation remain offsets. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. input_cost_correlation · AEM 2026-05-23 20:05:47 UTCOpen source Directly produces inflation-hedge assets (gold) while being relatively insulated from the diesel price spikes that hurt other miners. Agnico Eagle Mines Limited 2026-08-26 07:03:32 UTCOpen source Agnico Eagle is a senior gold producer that benefits from the elevated gold-price environment evidenced by Hochschild’s realized prices. Its diversified, relatively low-cost production base should allow a meaningful portion of higher realized prices to flow into operating cash flow, though mine-site labor and fuel inflation remain an offset.
EQT	EQT Corporation	+0.66	Upstream Commodity Producer	$34.8B	12.9	+30.2%	28.6%	+4.3%	+2.4%	United States	Energy Minerals
EQT Corporation+0.66Upstream Commodity Producer EQT is a major natural-gas producer whose revenue is positively tied to higher gas prices, giving it direct exposure to energy inflation. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. gas_price_exposure_direction · EQT 2026-07-22 19:16:11 UTCOpen source EQT is a major upstream producer whose revenues are positively tied to rising natural gas prices.
CF	CF Industries Holdings, Inc.	+0.65	Upstream Commodity Producer	$18.3B	8.9	+20.0%	27.1%	+55.8%	+38.9%	United States	Process Industries
CF Industries Holdings, Inc.+0.65Upstream Commodity Producer CF Industries produces fertilizer and benefits when global fertilizer prices rise while its North American operations use lower-cost domestic gas. That feedstock advantage can support margins during energy-driven inflation. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. crude_oil_price_sensitivity · CF 2026-08-02 22:03:55 UTCOpen source CF benefits when global energy prices rise because it uses low-cost domestic gas, which crushes the margins of global competitors that rely on expensive international LNG feedstocks. CF Industries Holdings, Inc. 2026-08-03 22:05:09 UTCOpen source CF Industries benefits from a powerful geographical feedstock arbitrage. As a North American fertilizer producer utilizing low-cost domestic pipeline gas, its input costs are insulated from the Middle East LNG shock. Meanwhile, soaring European and Asian energy prices increase global fertilizer benchmarks, allowing CF to capture wider profit margins. CF Industries Holdings, Inc. 2026-08-11 10:44:37 UTCOpen source CF Industries captures wide profit margins from a geographical feedstock arbitrage. Utilizing low-cost North American pipeline gas, its input costs are protected from Middle East energy price spikes, while global nitrogen fertilizer prices remain high due to energy and shipping disruptions.
CEN.NZ	Contact Energy Limited	+0.64	Upstream Commodity Producer	$5.2B	20.6	-6.3%	13.2%	-9.0%	-10.0%	New Zealand	Utilities
Contact Energy Limited+0.64Upstream Commodity Producer Contact Energy’s electricity-generation assets provide some exposure to nominal energy revenues, although its cited inflation pathway is less direct and primarily concerns financing and discount-rate pressure. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. Contact Energy Limited 2026-10-21 22:04:52 UTCOpen source The CPI downside surprise modestly reduces the risk of additional near-term OCR increases. Contact’s capital-intensive, long-lived electricity-generation assets therefore face somewhat lower near-term funding and discount-rate pressure, although the result does not eliminate the risk of further tightening.
TPL	Texas Pacific Land Corporation	+0.63	Inflation-Linked Infrastructure & REITs	$23.3B	43.1	+20.8%	60.3%	+18.3%	+6.0%	United States	Miscellaneous
Texas Pacific Land Corporation+0.63Inflation-Linked Infrastructure & REITs Texas Pacific Land owns extensive West Texas acreage, oil and gas royalty interests, and water-service assets used by energy operators. Royalties, land use, and water activity give it multiple real-asset pathways linked to commodity and infrastructure demand. Inflation-Linked Infrastructure & REITs: Owners of critical physical infrastructure, farmland, timberland, and commercial real estate with explicit CPI-escalation clauses embedded in long-term lease or concession agreements. Texas Pacific Land Corporation 2026-06-22 20:07:31 UTCOpen source As a major landowner in Reeves County, TPL benefits from the industrialization of its acreage for power plants and data centers, specifically through increased water demand and land use for 'behind-the-meter' infrastructure. Texas Pacific Land Corporation 2026-10-08 20:10:10 UTCOpen source Texas Pacific Land Corporation (TPL) operates in two core business segments: land and resource management, and water services. Its Land and Resource Management division oversees a vast land portfolio, spanning nearly 880,000 acres. This segment also holds significant oil and gas royalty interests. These include perpetual non-participating royalty interests (NPRIs) covering approximately 85,000 acres (at a 1/128th rate) and about 371,000 acres (at a 1/16th rate). Furthermore, it possesses around 4,000 additional net royalty acres, primarily located in West Texas. The segment grants various easements and commercial leases for purposes such as oil, gas, and hydrocarbon infrastructure, power and utility lines, and subsurface wellbores. It also leases its land for facilities like processing, storage, and compression plants, as well as roads, and sells materials such as caliche. The Water Services and Operations division provides comprehensive water solutions to energy operators throughout the Permian Basin. Its services encompass water sourcing, the gathering and treatment of produced water, infrastructure development, disposal solutions, water tracking, analytics, and well testing. This segment also generates royalty income from water extracted from its own lands. Founded in 1888, Texas Pacific Land Corporation maintains its headquarters in Dallas, Texas.
WELL	Welltower Inc.	+0.62	Inflation-Linked Infrastructure & REITs	$171B	—	+37.5%	12.2%	+27.9%	+34.5%	United States	Finance
Welltower Inc.+0.62Inflation-Linked Infrastructure & REITs Welltower’s healthcare properties benefit from annual lease resets that track inflation, providing a formal rent pass-through mechanism. Its essential healthcare real estate supports a positive but less direct exposure than upstream commodity production. Inflation-Linked Infrastructure & REITs: Owners of critical physical infrastructure, farmland, timberland, and commercial real estate with explicit CPI-escalation clauses embedded in long-term lease or concession agreements. inflation_pass_through_capacity · WELL 2026-05-23 20:05:47 UTCOpen source Healthcare REITs utilize annual lease resets that track inflation (CPI-linked), providing a formal mechanism for pass-through. Welltower Inc. 2026-05-23 20:05:47 UTCOpen source As a healthcare REIT, Welltower benefits from structural rent growth that tracks living costs. REITs in the residential and healthcare sectors can reprice leases annually, allowing them to pass on inflationary pressures to tenants more effectively than other property sectors.
TCL.AX	Transurban Group	+0.61	Inflation-Linked Infrastructure & REITs	$31.0B	120.6	0.0%	9.3%	-0.5%	-5.5%	Australia	Transportation
Transurban Group+0.61Inflation-Linked Infrastructure & REITs Transurban has long-term, inflation-linked toll-road cash flows that provide partial protection as prices rise. Its debt-intensive infrastructure base remains exposed to higher borrowing costs. Inflation-Linked Infrastructure & REITs: Owners of critical physical infrastructure, farmland, timberland, and commercial real estate with explicit CPI-escalation clauses embedded in long-term lease or concession agreements. Transurban Group 2026-09-08 09:35:42 UTCOpen source Transurban has long-term, inflation-linked toll-road cash flows that provide partial protection, but its infrastructure is debt-intensive and higher bond yields can increase refinancing costs and reduce valuation multiples.
SBR	Sabine Royalty Trust	+0.59	Nominal Royalty & Ad Valorem Fee Model	$1.1B	14.9	-3.0%	94.7%	+6.5%	+4.8%	United States	Miscellaneous
Sabine Royalty Trust+0.59Nominal Royalty & Ad Valorem Fee Model Sabine Royalty Trust holds royalty and mineral interests tied to producing and prospective U.S. oil and gas properties. Its royalty exposure links distributions to commodity production and prices without requiring it to operate the underlying fields. Nominal Royalty & Ad Valorem Fee Model: Payment networks, commodity royalty streamers, and exchanges charging percentage-based take rates on higher nominal transaction amounts with minimal operating cost exposure. Sabine Royalty Trust 2026-10-08 20:10:10 UTCOpen source The Sabine Royalty Trust (SBR) possesses a diverse array of royalty and mineral interests derived from various active oil and gas properties situated throughout the United States. Its portfolio specifically includes a range of non-operating stakes, such as landowner's royalties, overriding royalty interests, mineral rights, and production payments. These assets are tied to both currently producing and prospectively developable oil and gas fields located across Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. The Trust was established in 1982 and maintains its headquarters in Dallas, Texas.
ECOR.L	Ecora Royalties PLC	+0.57	Nominal Royalty & Ad Valorem Fee Model	$499M	10.0	+167.5%	69.4%	+30.0%	+66.0%	United Kingdom	Non-Energy Minerals
Ecora Royalties PLC+0.57Nominal Royalty & Ad Valorem Fee Model Ecora Resources holds royalties and investments across a broad portfolio of mined commodities, including copper, iron ore, uranium, gold and silver. Its royalty model provides exposure to commodity prices and production without operating the mines directly. Nominal Royalty & Ad Valorem Fee Model: Payment networks, commodity royalty streamers, and exchanges charging percentage-based take rates on higher nominal transaction amounts with minimal operating cost exposure. Ecora Royalties PLC 2026-10-08 20:10:10 UTCOpen source Ecora Resources PLC operates as a natural resource royalty and streaming company across Australia, North and South America, Europe, and various international markets. It maintains a diversified portfolio of royalties and investments in mining and exploration interests, encompassing commodities such as cobalt, steelmaking coal, iron ore, copper, nickel, vanadium, uranium, coking coal, calcium carbonate, chromite, gold, and silver. Established in 1967 and headquartered in London, United Kingdom, the company rebranded as Ecora Resources PLC in October 2022, having formerly operated under the name Anglo Pacific Group plc.
PPC	Pilgrim's Pride Corporation	+0.55	Upstream Commodity Producer	$6.7B	12.3	+1.4%	3.0%	-28.0%	-26.3%	United States	Process Industries
Pilgrim's Pride Corporation+0.55Upstream Commodity Producer Pilgrim’s Pride has evidence of resilience in its pricing and cost environment, with operational efficiency supporting margins. Its inflation exposure is positive but less direct than that of commodity extractors. Upstream Commodity Producer: Exploration, extraction, and production companies in energy, metals, fertilizers, and agricultural commodities that capture immediate revenue windfalls from raw material price inflation. pricing_power_resilience_score · PPC 2026-05-15 16:03:11 UTCOpen source Strong resilience as they are the beneficiary of the cost environment; operational improvements in efficiency further enhance margins.
PG	The Procter & Gamble Company	+0.54	Inelastic Consumer & Brand Pricing Power	$373B	24.3	+3.5%	18.2%	+12.5%	+5.7%	United States	Consumer Non-Durables
The Procter & Gamble Company+0.54Inelastic Consumer & Brand Pricing Power Procter & Gamble sells essential consumer staples with relatively inelastic demand and established brands. That demand resilience and pricing power can help it offset input-cost inflation during stagflationary periods. Inelastic Consumer & Brand Pricing Power: Essential consumer staples, medical supplies, and entrenched enterprise software businesses able to pass input cost increases fully onto end-customers without losing sales volume. consumer_discretionary_sensitivity · PG 2026-08-05 16:09:10 UTCOpen source P&G operates in consumer staples, providing defensive insulation during periods of stagflationary pressure. The Procter & Gamble Company 2026-08-05 16:09:10 UTCOpen source Procter & Gamble produces essential consumer staples, which enjoy inelastic demand and pricing power. During stagflationary periods (indicated by high Prices Paid and contracting services employment), investors favor defensive names like PG over higher-multiple growth stocks or highly cyclical consumer discretionary companies.
KO	The Coca-Cola Company	+0.53	Inelastic Consumer & Brand Pricing Power	$399B	27.9	+7.4%	28.3%	+32.7%	+30.9%	United States	Consumer Non-Durables
The Coca-Cola Company+0.53Inelastic Consumer & Brand Pricing Power Coca-Cola’s branded beverages benefit from everyday demand and brand loyalty, supporting pricing power relative to discretionary goods. Price increases can help offset input and logistics costs, although those costs remain a headwind. Inelastic Consumer & Brand Pricing Power: Essential consumer staples, medical supplies, and entrenched enterprise software businesses able to pass input cost increases fully onto end-customers without losing sales volume. household_demand_pricing_power · KO 2026-09-30 12:01:09 UTCOpen source Coca-Cola’s branded beverages are everyday consumer products with essentiality and brand loyalty that support demand and pricing power relative to discretionary goods. The Coca-Cola Company 2026-09-30 12:01:09 UTCOpen source A sticky PCE reading can shift demand toward essential, branded consumer products relative to discretionary categories. Coca-Cola has brand loyalty and pricing power that can help preserve demand and offset some input-cost inflation, although logistics and supply-chain costs remain a headwind.
NESN.SW	Nestlé S.A.	+0.52	Inelastic Consumer & Brand Pricing Power	$262B	29.0	-2.4%	8.4%	+7.0%	+2.3%	Switzerland	Consumer Non-Durables
Nestlé S.A.+0.52Inelastic Consumer & Brand Pricing Power Nestlé’s food and essential-goods categories are relatively defensive, and its brands support pricing power when households shift away from discretionary spending. Packaging, energy and logistics costs and private-label competition temper the benefit. Inelastic Consumer & Brand Pricing Power: Essential consumer staples, medical supplies, and entrenched enterprise software businesses able to pass input cost increases fully onto end-customers without losing sales volume. household_demand_defensiveness · NESN.SW 2026-09-21 10:31:09 UTCOpen source Nestlé’s food and essential-goods categories are relatively defensive when households shift away from discretionary purchases, supporting demand resilience and relative pricing power despite weaker total consumption. Nestlé S.A. 2026-10-02 09:22:26 UTCOpen source As households face higher energy and food costs, spending may shift away from discretionary goods toward food and essential products. Nestlé can therefore benefit relatively through defensive branded-staples demand and pricing power, although packaging, energy, logistics and private-label trade-down remain offsets.
LIN	Linde plc	+0.51	Inelastic Consumer & Brand Pricing Power	$235B	32.9	+6.6%	20.4%	+19.4%	+12.4%	United Kingdom	Process Industries
Linde plc+0.51Inelastic Consumer & Brand Pricing Power Linde uses pricing power and surcharges to mitigate energy-cost volatility, supporting cost recovery as inflation raises its inputs. Higher energy costs can also increase demand for its energy-efficiency technologies. Inelastic Consumer & Brand Pricing Power: Essential consumer staples, medical supplies, and entrenched enterprise software businesses able to pass input cost increases fully onto end-customers without losing sales volume. Linde plc 2026-06-02 16:09:49 UTCOpen source While energy costs are a major input for industrial gas producers, Linde possesses significant pricing power and uses surcharges to mitigate volatility. High energy prices also accelerate demand for their energy-efficient technologies.