BUZZ-US natgas companies gain on record LNG flows, colder weather forecasts
U.S. natural gas companies' shares rise as natgas futures increase by 2.8% to $4.97 per million BTU, reaching a 35-month high. This surge is driven by record LNG export flows and colder weather forecasts. EQT Corp, NextDecade, and New Fortress Energy see gains, while ETFs like United States Natural Gas Fund and ProShares Ultra Bloomberg Natural Gas also rise.
Shares of U.S. natural gas companies gain, tracking a rise in natgas futures (NGA/)
U.S. natgas futures (NGc1) up 2.8% at $4.97 per million British thermal unit, putting the contract on track for its highest close since December 27, 2022
Natgas prices rise to a 35-month high on record flows to liquefied natural gas (LNG) export plants and forecasts for colder weather and higher demand over the next two weeks than previously expected
Shares of natgas companies: EQT Corp (EQT.N) rises 1%, NextDecade (NEXT.O) adds 2.7% and New Fortress Energy (NFE.O) gains 2.4%
CNX Resources (CNX.N) , Energy Transfer (ET.N) and Williams Companies (WMB.N) each up marginally
ETFs rise: United States Natural Gas Fund (UNG.P) up 3% and ProShares Ultra Bloomberg Natural Gas (BOIL.P) gains 6.1%
