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BUZZ-Natgas firms gain as extreme cold weather cuts output

ReutersFeb 21, 2025 5:54 PM

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%

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