Who We Are

Energy Sell-Side veteran Timm Schneider founded the Schneider Capital Group LLC in the fall of 2022. The Firm offers unique perspectives, insights and differentiated thought for a variety of stakeholders focused on the dynamic and exciting Energy space. Our services are designed to meet the diverse needs of 1) Institutional Asset Managers; 2) Private Equity Firms; 3) Infrastructure Funds; 4) Commodity Trading Houses; 5) Sovereign Wealth Funds; and 6) Companies (both Public & Private).

Our mission is to help our customers navigate complexities along the Energy value chain while identifying opportunities to unlock and capture value. Our purpose is defined by our passion for the Energy industry and the vital role the Energy ecosystem plays in the continued advancement of society.

October 3, 2026

NFG (N/R) Part 2: We Couldn’t Help Ourselves… Full Work-Up of Upstream & Gathering (IUG) Attached

By Timm Schneider

This is a follow-up to our earlier note (Part 1) that took a detailed look at NFG’s regulated business: NFG (N/R): The Regulated ‘StubCo’ Could Be Worth Up to ~$61/sh Implying Just ~$16/sh for Upstream…

October 3, 2026

NFG (N/R): The Regulated ‘StubCo’ Could Be Worth Up to ~$61/sh Implying Just ~$16/sh for Upstream ‘SpinCo…’

By Timm Schneider

Our four-method ‘StubCo’ valuation ranges from ~$44 to ~$54/sh with a base case ~$50/sh, implying ~$27/sh for IUG (the Upstream & Gathering business) at NFG’s current ~$77 trading price. That ~$61 for ‘StubCo’ is the…

October 2, 2026

Halftime Report: Love/ Hate 20 Up ~120bps as BE (Short) Gives Us Our Own Déjà Vu…

By Timm Schneider

***Full position marks within*** Love/ Hate Portfolio 20 (LHP20) is up ~120bps at the halfway point (we will close it next Friday). The flips we made with this one (versus LHP19), pressing SMR and NEXT…

October 1, 2026

UGI (N/R)/ KKR (N/R) ‘Chatter:’ Our Most-Read Note for September… Now With Slides (Model Available)

By Timm Schneider

Our UGI/KKR ‘chatter’ note was the most-read note in September… and, in our (admittedly biased) opinion, arguably the best sell-side note on UGI in decades. It can be found here: UGI (N/R) & KKR (N/R)……

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The Schneider Capital Group LLC

Excellence In Energy

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Who We Are

NFG (N/R) Part 2: We Couldn’t Help Ourselves… Full Work-Up of Upstream & Gathering (IUG) Attached

NFG (N/R): The Regulated ‘StubCo’ Could Be Worth Up to ~$61/sh Implying Just ~$16/sh for Upstream ‘SpinCo…’

Halftime Report: Love/ Hate 20 Up ~120bps as BE (Short) Gives Us Our Own Déjà Vu…

UGI (N/R)/ KKR (N/R) ‘Chatter:’ Our Most-Read Note for September… Now With Slides (Model Available)

Our Leadership