# EDGAR Filing Document

**Accession Number:** 0001400897
**File Stem:** 0000894189-26-002926
**Filing Date:** 2026-1
**Character Count:** 18573
**Document Hash:** 149e8f5ad9c0e3e373c05d1621904e38
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-002926.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0000894189-26-002926

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260129

**DATE AS OF CHANGE**: 20260129

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NXG Cushing Midstream Energy Fund
- **CENTRAL INDEX KEY:** 0001400897

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22072
- **FILM NUMBER:** 26576861

**BUSINESS ADDRESS:**
- **STREET 1:** 4925 GREENVILLE AVENUE
- **STREET 2:** SUITE 1310
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75206
- **BUSINESS PHONE:** 214-692-6334

**MAIL ADDRESS:**
- **STREET 1:** 4925 GREENVILLE AVENUE
- **STREET 2:** SUITE 1310
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75206

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CUSHING MLP & INFRASTRUCTURE TOTAL RETURN FUND
- **DATE OF NAME CHANGE:** 20180315

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Cushing MLP & Infrastructure Total Return Fund
- **DATE OF NAME CHANGE:** 20180307

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Cushing MLP Total Return Fund
- **DATE OF NAME CHANGE:** 20070524

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** NXG Cushing Midstream Energy Fund

- **b. Investment Company Act file number:** 811-22072

- **c. CIK number of Registrant:** 0001400897

- **d. LEI of Registrant:** 5493006NXITDSHOHUT03

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 4925 Greenville Ave

  - **City:** Dallas

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 75206

  - **Telephone number:** 214-692-6334

**Item A.2. Information about the Series.**

- **a. Name of Series:** NXG Cushing Midstream Energy Fund

- **c. LEI of Series:** 549300W2QLTRC8Y3NI93

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $259674193.75

**Total Liabilities:** $57798930.30

**Net Assets:** $201875263.45

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 6.65%                | -4.17%               | -4.43%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6651566.24              | $-2226437.00                               |
| Month 2  | $-3265255.88             | $-3018994.82                               |
| Month 3  | $3370086.34              | $2163440.12                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Enbridge Inc                   | Enbridge Inc                               | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |    200000 | NS      | $9756000.00   | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund   | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |   1822589 | NS      | $1822588.56   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp              | Bloom Energy Corp                          | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |     55000 | NS      | $6008200.00   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp      | Constellation Energy Corp                  | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     27000 | NS      | $9837720.00   | 4.87%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                       | EQT Corp                                   | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     50000 | NS      | $3043000.00   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                 | TC Energy Corp                             | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |    190000 | NS      | $10396800.00  | 5.15%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NRG Energy Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -300 | NC      | $-17250.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| IREN Ltd                       | IREN Ltd                                   | CUSIP: N/A<br>LEI: 254900FZF02RB3NNGB71       | Long             | EC               | CORP              | AU        |     40000 | NS      | $1912400.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc              | Kinder Morgan Inc                          | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    400000 | NS      | $10928000.00  | 5.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MPLX LP                        | MPLX LP                                    | CUSIP: 55336V100<br>LEI: 5493000CZJ19CK4P3G36 | Long             | EC               | CORP              | US        |    240000 | NS      | $13039200.00  | 6.46%             |  |  |  | No            |                  1 | On Loan: No      |
| MasTec Inc                     | MasTec Inc                                 | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |     20000 | NS      | $4277600.00   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Inc               | Viper Energy Inc                           | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $3653000.00   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextpower Inc                  | Nextpower Inc                              | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26000 | NS      | $2382120.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY CAPITAL         | NextEra Energy Capital Holdings Inc        | CUSIP: 65339K860<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | EP               | CORP              | US        |     81000 | NS      | $1942380.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Plains GP Holdings LP          | Plains GP Holdings LP                      | CUSIP: 72651A207<br>LEI: 549300O56BSKRD8FAM12 | Long             | EC               | CORP              | US        |    450000 | NS      | $8343000.00   | 4.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                    | Vistra Corp                                | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     43000 | NS      | $7690980.00   | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Midstream Partners LP  | Western Midstream Partners LP              | CUSIP: 958669103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    300000 | NS      | $11799000.00  | 5.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The           | Williams Cos Inc/The                       | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    300000 | NS      | $18279000.00  | 9.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyera Corp                    | Keyera Corp                                | CUSIP: 493271100<br>LEI: 254900LXI62FUHZGH122 | Long             | EC               | CORP              | CA        |     90000 | NS      | $2907796.34   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Bloom Energy Corp                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -550 | NC      | $-1650.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | GE Vernova Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -100 | NC      | $-500.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Talen Energy Corp                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -200 | NC      | $-1000.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Vistra Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -14 | NC      | $-14.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc                 | NRG Energy Inc                             | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     50000 | NS      | $8474500.00   | 4.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp         | Primoris Services Corp                     | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |     30000 | NS      | $3796800.00   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc            | Quanta Services Inc                        | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      9000 | NS      | $4183920.00   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc            | Cheniere Energy Inc                        | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     30000 | NS      | $6253800.00   | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc               | DT Midstream Inc                           | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     90000 | NS      | $10931400.00  | 5.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L | Enterprise Products Partners LP            | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |    200000 | NS      | $6548000.00   | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                | First Solar Inc                            | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |     20000 | NS      | $5458400.00   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| NGL ENERGY PARTNERS LP         | NGL Energy Partners LP                     | CUSIP: 62913M305<br>LEI: 5299005YSRP46BE8Z459 | Long             | EP               | CORP              | US        |     20313 | NS      | $491574.60    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp           | Targa Resources Corp                       | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     41400 | NS      | $7257834.00   | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | First Solar Inc                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -200 | NC      | $-800.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Alliance Resource Partners LP  | Alliance Resource Partners LP              | CUSIP: 01877R108<br>LEI: 529900T4Q5UPWOUFG783 | Long             | EC               | CORP              | US        |    191000 | NS      | $4654670.00   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Cenovus Energy Inc             | Cenovus Energy Inc                         | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |    400000 | NS      | $7144000.00   | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP             | Energy Transfer LP                         | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |   1000000 | NS      | $16710000.00  | 8.28%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   1822589 | NS      | $1822588.55   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                 | GE Vernova Inc                             | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     17000 | NS      | $10196090.00  | 5.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Genesis Energy LP              | Genesis Energy LP                          | CUSIP: 371927104<br>LEI: 549300VJ5D6MDK138782 | Long             | EC               | CORP              | US        |    130000 | NS      | $2026700.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Midstream LP              | Hess Midstream LP                          | CUSIP: 428103105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    200000 | NS      | $6736000.00   | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                    | Phillips 66                                | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     40000 | NS      | $5478400.00   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| South Bow Corp                 | South Bow Corp                             | CUSIP: 83671M105<br>LEI: 2549000XS5TAFA3YF943 | Long             | EC               | CORP              | CA        |    225000 | NS      | $6201000.00   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TXO Partners LP                | TXO Partners LP                            | CUSIP: 87313P103<br>LEI: KWQMGYEOMKX7BT2PZF05 | Long             | EC               | CORP              | US        |    330000 | NS      | $4121700.00   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Talen Energy Corp              | Talen Energy Corp                          | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32000 | NS      | $12616640.00  | 6.25%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Constellation Energy Corp                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -200 | NC      | $-1000.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | IREN Ltd                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -400 | NC      | $-400.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-29

**Name of Applicant:** NXG Cushing Midstream Energy Fund

**Signature:** /s/ Blake Nelson

**Name of Signer:** NXG Cushing Midstream Energy Fund

**Title:** Chief Financial Officer