Equity Research Associate- Midstream & Natural Gas

About the Role

Wolfe Research is seeking an Associate to join its NY-based, Institutional Investor-ranked Midstream & Natural Gas Team. The Associate will report to the Senior Analyst and assist in all aspects of the franchise, including modeling, note writing, and creating differentiated research analyses. As they develop, responsibilities will expand to include client communication, collaboration with sales/traders, and participation in the creative process. The role demands accuracy, attention to detail, critical thinking, and strong writing, modeling, Excel, and PowerPoint skills. Experience in equity research, investment banking, public accounting, consulting, or the industry is preferred.

Responsibilities

• Generate ideas and work closely in a time-sensitive environment while balancing multiple priorities and meeting deadlines
• Draft reports and notes on relevant investment themes, events, and breaking news
• Demonstrate strong problem-solving skills, working with large data sets in Excel/Access and sourcing/processing information independently
• Communicate efficiently and concisely, both verbally and in writing
• Utilize technical skills, including Bloomberg and/or FactSet, advanced Excel (macros, pivot tables, conditional formatting, shortcuts), and statistics (regression, variance, covariance, correlations)
• Build and update financial and valuation models for covered companies
• Master Excel functions, including shortcuts, complex logic formulas, reference formulas, and integration of graphics/data tables

Requirements

• 2026 graduate or 1-3 years of experience in sell-side research (preferably on a Midstream, Oil & Gas, or Industrials team), buy-side, investment banking, or public accounting
• Bachelor’s Degree or higher from an accredited college or university; concentration in Finance, Accounting, Math, or Statistics preferred
• MBA, CPA, or CFA is a plus
• Advanced understanding of financial modeling, including experience building and maintaining 3-statement models
• Fully licensed with Series 7, 63, 86, and 87 (preferred or expected within the first 6 months)
• Excellent written and verbal communication skills
• Enjoy following the stock market and developing industry themes
• Eager to work in a fast-paced environment both independently and collaboratively
• Demonstrated academic ability with a minimum 3.5 GPA
• Comfortable working 10+ hour workdays and some weekends

Pay

The compensation for this role is market competitive with a base salary range of $95,000–$120,000. The selected candidate will be offered a base salary within this range based on non-discriminatory factors, including skill set, job-related experience, and location. In addition, an annual discretionary incentive bonus is offered.

Benefits

• Medical, dental, and vision coverage
• Life, accident, and disability insurance
• Paid time off, including vacation, sick days/leave, paid holidays, and paid parental leave

About Wolfe

Wolfe Research, LLC is a premier independent sell-side research firm committed to best-in-class content and strategic growth. The firm produces objective and distinguished research across covered sectors, delivering services with care and specificity to institutional clients. Wolfe differentiates itself through high standards for effort, client service, thoughtfulness, and integrity, and is dedicated to mentoring talent.

Wolfe’s analysts were ranked #6 on a weighted basis for equity research in 2024 by institutional clients in the Extel (formerly Institutional Investor) All-America Research Poll, trailing only larger bulge bracket firms. The firm’s QES product provides leading stock selection models, portfolio analytics, highly ranked ESG products, and back-tested alternative data.

Wolfe Research recruits, employs, trains, compensates, and promotes regardless of race, religion, color, national origin, gender identity, sexual orientation, disability, age, citizenship, or other characteristics. The firm fosters a diverse and inclusive environment where integrity and objectivity drive the research process.