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BUZZ-Natgas firms down on milder weather forecasts

ReutersFeb 24, 2025 4:47 PM

Shares of U.S. natural gas companies fall, tracking natgas futures NGA/

U.S. natgas futures NGc1 fall 6.7% to $3.95 per million British thermal units (mmBtu). The contract surged to its highest level in more than two years last week

Natgas prices were dragged down by forecasts of milder weather and lower heating demand next week than previously anticipated

Natgas firms NextDecade NEXT.O down 2.7%, Energy Transfer ET.N down 1.7% and New Fortress Energy NFE.O down 1.1%

ETFs United States Natural Gas Fund UNG.P down 5.1% and ProShares Ultra Bloomberg Natural Gas BOIL.P down 8.5%

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