U.S. Natural Gas Futures Post Modest Gains
1018 ET – U.S. natural gas futures are higher for a third day with weather forecasts showing strong heat-driven demand for the second half of July. Traders are also taking note of an agreement for EQT to supply the natural gas for a 4.4 gigawatt plant to power a major data center development in Pennsylvania, as 'more supplies out of Appalachia may eventually become locally consumed,' Dennis Kissler of BOK Financial says in a note. Nymex natural gas is up 1.3% at $3.570/mmBtu. (anthony.harrup@wsj.com)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
Permianville Royalty Trust (PVL) Rewards Investors with Extra Cash in 2025
Permianville Royalty Trust (NYSE:PVL) is included among the 14 Stocks that Paid Special Dividends in 2025. A row of massive oil rigs in a desert landscape, against a setting sun. Permianville Royalty Trust (NYSE:PVL), established as a statutory trust in Delaware, holds a net profits interest that entitles it to receive 80% of the net profits from the sale of oil and natural gas. These earnings come mainly from non-operated assets, including conventional properties in Texas, Louisiana, and New Mexico, as well as unconventional sites located in the Permian and Haynesville basins. Due to the ongoing net profits shortfall— which decreased from around $1.4 million last month to about $1.1 million this month— Permianville Royalty Trust (NYSE:PVL) did not issue a distribution in April 2025 to unitholders of record as of March 31, 2025, based on the monthly net profits interest calculation. However, the company has declared a special dividend of $0.0085 per share instead. Permianville Royalty Trust (NYSE:PVL) has previously issued special dividends as part of its overall approach to dividend payments. While we acknowledge the potential of PVL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
Yahoo
5 hours ago
- Yahoo
Enbridge (ENB) Stock Declines While Market Improves: Some Information for Investors
Enbridge (ENB) closed the most recent trading day at $44.97, moving -1.08% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.4%. Elsewhere, the Dow gained 0.47%, while the tech-heavy Nasdaq added 0.24%. The oil and natural gas transportation and power transmission company's stock has climbed by 0.84% in the past month, falling short of the Oils-Energy sector's gain of 1.98% and the S&P 500's gain of 4.61%. Market participants will be closely following the financial results of Enbridge in its upcoming release. The company plans to announce its earnings on August 1, 2025. On that day, Enbridge is projected to report earnings of $0.41 per share, which would represent a year-over-year decline of 2.38%. In the meantime, our current consensus estimate forecasts the revenue to be $9.11 billion, indicating a 9.9% growth compared to the corresponding quarter of the prior year. For the full year, the Zacks Consensus Estimates project earnings of $2.14 per share and a revenue of $39.24 billion, demonstrating changes of +7% and +0.68%, respectively, from the preceding year. Investors should also take note of any recent adjustments to analyst estimates for Enbridge. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.82% increase. Enbridge presently features a Zacks Rank of #2 (Buy). Digging into valuation, Enbridge currently has a Forward P/E ratio of 21.24. This denotes a premium relative to the industry average Forward P/E of 17.02. One should further note that ENB currently holds a PEG ratio of 4.25. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Oil and Gas - Production and Pipelines stocks are, on average, holding a PEG ratio of 2.05 based on yesterday's closing prices. The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 43, positioning it in the top 18% of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Enbridge Inc (ENB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 hours ago
- Yahoo
Texas Instruments (TXN) Falls 13.3% on Weak Outlook
We recently published . Texas Instruments Inc. (NASDAQ:TXN) is one of the worst performers on Wednesday. Texas Instruments slashed its share prices by 13.34 percent on Wednesday to close at $186.25 apiece as investor sentiment was dampened by the company's softer outlook for the rest of the year amid weak demand. Following the release of its second quarter earnings performance, Texas Instruments Inc. (NASDAQ:TXN) said that it expects third quarter earnings per share to settle between $1.36 and $1.6, below analyst consensus. Revenue outlook, on the other hand, was pegged at $4.45 billion to $4.8 billion, in line with Wall Street expectations. In the second quarter of the year, net income increased by 15 percent to $1.295 billion from $1.127 billion, while revenues were higher by 16 percent to $4.448 billion from $3.822 billion year-on-year. Photo by Slejven Djurakovic on Unsplash Following the results, investment firm TD Cowen lowered its price target for the company by 6 percent to $230 from $245, but maintained a 'buy' recommendation for its stock. While we acknowledge the potential of TXN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
