Natgas companies fall on big storage build, lower flows to LNG export plants

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

U.S. natgas futures NGc1 down 2.9% at $3.27 per million British thermal units

Natural gas prices slid over 2% on a bigger-than-expected storage build, a smaller-than-expected decline in output in recent days and a decline in gas flows to liquefied natural gas (LNG) export plants this month

U.S. Energy Information Administration (EIA) said energy firms added 120 billion cubic feet (bcf) of gas into storage during the week ended May 16 vs est of 115 bcf

Shares of natgas companies CNX Resources CNX.N and Cheniere Energy LNG.N down 2.2% and ~1%, respectively

ETFs — United States Natural Gas Fund UNG.P and ProShares Ultra Bloomberg Natural Gas BOIL.P fall 2% and 3.8%, respectively