Natgas companies down on higher output, milder weather forecasts

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

U.S. natgas futures NGc1 down 0.7% at $2.97 per million British thermal unit

On Friday, the contract closed at its highest since July 8. U.S. markets were closed for the Labor Day holiday on Monday

Natural gas prices fell on near-record output, ample supplies of gas in storage, a small decline in flows to liquefied natural gas export plants, and forecasts for milder weather and lower demand next week than previously expected

Shares of natgas companies Cheniere Energy LNG.N down ~1%, Williams Companies WMB.N down 1.8% and New Fortress Energy NFE.O down 3.3%

ETFs United States Natural Gas Fund UNG.P down 1.3%, and ProShares Ultra Bloomberg Natural Gas BOIL.P down 3%