Natgas companies fall on record output, lower demand forecasts

Sempra

21/07/2025 16:25

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

** U.S. natgas futures NGc1 down 5.9% at $3.354 per million British thermal units, putting contract on track for its lowest close since July 11

** Natural gas prices fell about 6% to one-week low on record output, forecasts for less hot weather over next two weeks, stagnant gas flows to liquefied natural gas export plants and ample amounts of gas in storage

** Shares of natgas companies: EQT Corp EQT.N dip 6.7%, New Fortress Energy NFE.O down 3.1% and CNX Resources CNX.N fall 3.2%

** NextDecade NEXT.O falls 1.5%, Cheniere Energy LNG.N down 5.3% and Williams Companies WMB.N lose 1.6%

** ETFs — United States Natural Gas Fund UNG.P fall 6.9% and ProShares Ultra Bloomberg Natural Gas BOIL.P down 13.7%

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))