PGIM Jennison Energy Infrastructure Fund Q4 2025 Commentary

PGIM Investments42 FollowersFollow5ShareSavePlay(16min)CommentsSummaryEnergy infrastructure equities were down in 4Q25, underperforming the broad energy sector and the broad market.PGIM Jennison Energy Infrastructure Fund Z returned 7.20% for the 1-year period ending December 31, 2025, while the Alerian Mid-Stream Energy Select Index returned 6.58%.The midstream energy infrastructure sector is in the midst of an historic period of financial strength, shareholder friendly corporate discipline, and high capital returns.We are seeing a shift towards more growth capital investment given the increasing need for natural gas to fuel power demand from Artificial Intelligence and data centers.In our opinion, incremental demand for U.S. natural gas could potentially grow upwards of 20 – 30% by 2030. Aphithana Chitmongkolthong/iStock via Getty Images Performance Recap Energy infrastructure equities were down in 4Q25, underperforming the broad energy sector and the broad market. Following a strong start in the year and after experiencing a reversal in 2Q25, the energy sector performed wellThis article was written byPGIM Investments42 FollowersFollowPGIM Investments, a subsidiary of PFI, is an investment adviser and the investment manager to all PGIM US open-end investment companies and manager or administrator to closed-end investment companies. Note: This account is not managed or monitored by PGIM Investments, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use PGIM Investments' official channels.