BUZZ-Natgas firms gain as extreme cold weather cuts output

Reuters2025-02-22
BUZZ-Natgas firms gain as extreme cold weather cuts output

** Shares of U.S. natural gas companies rise as natgas futures jump about 6% to a 25-month high NGA/

** U.S. natgas futures NGc1 up 6.3% at $4.42 per million British thermal units (mmBtu), putting the contract on track for its highest close since December 2022

** Natural gas prices rose as extreme cold over the past couple of weeks cut output by freezing wells and as gas flows to liquefied natural gas $(LNG)$ export plants hit record highs

** Natgas firms CNX Resources CNX.N rises 1.5%, Sempra SRE.N up 1.2% and Williams Companies WMB.N rises ~1%

** ETFs United States Natural Gas Fund UNG.P up 3.6% and ProShares Ultra Bloomberg Natural Gas BOIL.P rises 6.7%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com))

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