US natgas companies fall on record output despite colder weather forecast

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

U.S. natgas futures NGc1 down 5.4% at $4.42 per million British thermal unit, putting the contract on track for its lowest close since November 18

Natgas prices fall on record output and ample amounts of gas in storage, despite forecasts of colder weather and higher demand than previously expected over the next two weeks

Shares of natgas companies: CNX Resources CNX.N down marginally, EQT Corp EQT.N dips ~1%, Cheniere Energy LNG.N slips 1.5%, Energy Transfer ET.N falls 1.2% and Williams Companies WMB.N down 1.1%

New Fortress Energy NFE.O falls ~6% and Sempra SRE.N down ~1%

ETFs United States Natural Gas Fund UNG.P down 5.3%, and ProShares Ultra Bloomberg Natural Gas BOIL.P falls 10.7%