$CEG

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Sector Update: Energy Stocks Mixed Late Afternoon

Energy stocks were mixed late Friday afternoon, with the NYSE Energy Sector Index down 0.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.3%.The Philadelphia Oil Service Sector Index fell 0.3%, and the Dow Jones US Utilities Index shed 0.3%.Front-month West Texas Intermediate crude oil fell 1.9% to $100.51 a barrel, and the global benchmark Brent crude contract dropped 2.6% to $104.87 a barrel. Henry Hub natural gas futures were steady at $2.83 per 1 million BTU.In sector news, the White House is mulling ways it can use the Defense Production Act to expand US oil refining capacity, Reuters reported. The suggestion to use the act occurred in a recent meeting between President Donald Trump and nearly a dozen US refiners, the report said, citing sources, who added that no final decisions were made and that participants expected conversations to continue.In corporate news, Chevron (CVX) CEO Mike Wirth said oil buffers that curbed the rise in crude prices since the start of the US-Iran war are depleted, and the conflict may drive prices higher in the coming months, Reuters reported Friday, citing his speech at an energy conference in Austin, Texas. "I think the risks remain to the upside over the next few months," Wirth said, according to the report. Chevron shares were up 0.7%.Venture Global (VG), Cheniere Energy (LNG), and Woodside Energy (WDS) are included in a group of companies that are in talks with QatarEnergy for liquefied natural gas contracts aimed at replacing capacity in the Ras Laffan facility damaged by Iranian attacks, Reuters reported. Venture shares rose 1.8%, Cheniere added 0.2%, and Woodside was down 1.4%.TotalEnergies (TTE) said it has agreed to acquire Plastic Energy's 35% stake in the Grandpuits plastics recycling plant in France, making it the sole owner of the facility. Shares were up 0.5%.Shell (SHEL) disclosed Thursday that it has acquired 100% of Hunlock Creek Generating, which owns 169 megawatts of natural gas-fired generation capacity in Pennsylvania. Shell also disclosed it has agreed to sell interests in RISEC, which owns a 609-MW, two-unit combined cycle gas turbine power plant in New England, to Constellation Energy (CEG), for $715 million. Shell shares added 0.6%, and Constellation was down 0.5%.

$CEG$CVX$LNG$SHEL$TTE$VG$WDS

Commodities3d ago

Constellation to Acquire Rhode Island State Energy Center From Shell

Constellation Energy (CEG) said on Thursday that it has reached an agreement to acquire 100% of Risec Holdings, owner of the Rhode Island State Energy Center from Shell Energy North America, a subsidiary of Shell (SHEL) for $715 million.Located in Johnston, Rhode Island, the natural-cycle, gas-fired combined-cycle facility generates up to 609 megawatts and sells power directly into the ISO New England wholesale market, the company said.The purchase price equates to about $580 million net of first-year tax benefits, and the transaction is expected to be immediately accretive to Constellation's operating earnings while exceeding its 10% unlevered return threshold.The company noted that the acquisition will not impact Constellation's plan to execute $5 billion in share repurchases through the end of 2027.The deal remains subject to customary regulatory approvals and closing conditions, it stated.

$CEG$SHEL

Sectors3d ago

Sector Update: Energy Stocks Decline Late Afternoon

Energy stocks were lower late Thursday afternoon, with the NYSE Energy Sector Index easing 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) decreasing 0.4%.The Philadelphia Oil Service Sector Index was shedding 0.6%, and the Dow Jones US Utilities Index was declining 0.9%.In geopolitical news, an Iran-aligned militia group's threat to the alternative shipping route through the Strait of Hormuz grew stronger. Iran-aligned Houthis seized control of Yemen's port city of Mocha on Thursday, military sources said, gaining further leverage over the Bab el-Mandeb Strait, the southern outlet of the Red Sea and an important shipping route, Reuters reported.Front-month West Texas Intermediate crude oil jumped 6.4% to $102.23 a barrel, and the global benchmark Brent crude contract popped 6.2% to $107.44 a barrel. Henry Hub natural gas futures rose 0.6% to $2.84 per 1 million BTU.In sector news, the Organization of the Petroleum Exporting Countries cut its global oil demand outlook for 2026 on Thursday as high energy prices are expected to weigh on consumption. The cartel now expects oil consumption to increase by 380,000 barrels this year, down from its prior forecast that called for a gain of 580,000 barrels.US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 1.6 million barrels in the week ended Sept. 4 following a decrease of 7.6 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks fell by 400,000 barrels after a 4.5-million-barrel decline in the previous week, a much smaller drop than the 1.4-million-barrel decrease expected in a survey compiled by Bloomberg.US natural gas stocks rose by 40 billion cubic feet in the week ended Sept. 4, above the 34 billion increase expected in a survey compiled by Bloomberg and following an increase of 30 billion cubic feet in the previous week.In corporate news, Constellation Energy (CEG) agreed to acquire RISEC Holdings, owner of the Rhode Island State Energy Center, from Shell's (SHEL) North America energy unit, for $715 million. Constellation shares fell 2%, and Shell rose 0.5%.Braskem (BAK) said Wednesday that its subsidiary Voqen Energia amended a natural gas supply agreement with Petrobras (PBR), extending the contract through Dec. 31, 2029, from Dec. 31, 2026. Braskem shares jumped past 7%, and Petrobras was up 2.3%.TotalEnergies (TTE) and its partners plan to invest $10 billion in Angola over the next five years to increase oil output in the country, news outlets reported as early as Wednesday, citing remarks made by TotalEnergies CEO Patrick Pouyanne at a conference. TotalEnergies shares were down 0.2%.Vistra (VST) was Smart Insider's stock pick of the week after Chief Executive Jim Burke bought $1.2 million worth of shares between Aug. 24 and Sept. 1 at an average price of $135.38. Vistra shares were shedding 2.2%.

$BAK$CEG$PBR$SHEL$TTE$VST

Wire3d ago

Constellation Energy to Buy Rhode Island Power Plant From Shell for $715 Million

Constellation Energy (CEG) agreed to acquire RISEC Holdings, owner of the Rhode Island State Energy Center, from Shell's (SHEL) North America energy unit, for $715 million.The natural gas-fired combined-cycle facility in Johnston can generate up to 609 megawatts and sells electricity and capacity into the ISO New England wholesale market. Constellation said Thursday it will become part of its merchant generation portfolio.The price is equivalent to about $580 million net of expected first-year tax benefits, and the deal will be immediately accretive to operating earnings, Constellation said in a statement. The deal delivers returns above the company's 10% unlevered return threshold and won't affect $5 billion in authorized share repurchases by the end of 2027, according to the statement.Shell said in a statement the transaction is subject to regulatory approvals and is expected to close in Q1 2027.Constellation shares fell 2% in Thursday trading, and Shell rose 0.4%.Price: $287.92, Change: $-5.98, Percent Change: -2.04%

$CEG$SHEL

Insider Trading31d ago

Constellation Energy Insider Bought Shares Worth $417,931, According to a Recent SEC Filing

Roger W Crandall, Director, on August 11, 2026, executed a purchase for 1,500 shares in Constellation Energy (CEG) for $417,931. Following the Form 4 filing with the SEC, Crandall has control over a total of 2,155 common shares of the company, with 2,155 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1868275/000090514826003642/xslF345X05/form4.xml

$CEG

Commodities38d ago

LS Power to Acquire 606 MW Texas Power Facility from Constellation Energy

LS Power, a New York-based energy infrastructure company, on Thursday said it has agreed to acquire the 606-megawatt Brazos Valley Energy Center natural gas-fired combined-cycle facility in Texas from Maryland-based energy company Constellation Energy (CEG).The deal fulfills a regulatory requirement related to Constellation's $16.4 billion acquisition of Texas-based power producer Calpine from Energy Capital Partners, the company said in a statement.The transaction is projected to close in Q4, conditional upon obtaining the relevant regulatory approvals.In March this year, LS Power disclosed an agreement to purchase a 4,353 MW portfolio of five gas-fired generation assets in the PJM Interconnection service area from Constellation.LS Power's national operating fleet will increase to about 14.1 gigawatts after the completion of its pending transactions with Constellation, the statement said.

$CEG

Commodities39d ago

Constellation Energy's Q2 Nuclear Generation Slips, While Gas, Renewables Pick Up Pace

Constellation Energy (CEG) reported a decline in its Q2 nuclear generation Thursday, while natural gas, oil and renewables soared, aided by a recent acquisition.The company's nuclear fleet generated 44,160 gigawatt-hours during the quarter, down from 45,170 GWh a year earlier. Output increased in the Mid-Atlantic region, but declined across the Midwest, New York and ERCOT.The nuclear fleet's capacity factor fell to 93% from 94.8%, with planned refueling outage days doubling to 86 from 41, while non-refueling outage days edged down to 20 from 22.Generation from natural gas, oil and renewable assets climbed to 30,649 GWh from 5,560 GWh, largely reflecting its acquisition of Calpine earlier this year, which contributed 24,914 GWh during the quarter.The company also signed an additional 920 MW of long-term nuclear power purchase agreements with investment-grade customers. The contracts have terms of 15 to 20 years and are scheduled to begin between 2029 and 2032. This also includes a 176 MW agreement with Walmart.Constellation said that it had entered into an agreement with LS Power to sell its 606 MW Brazos Valley Energy Center natural gas-fired plant in ERCOT to LS Power for $860 million, which is part of the regulatory divestiture requirements tied to its acquisition of Calpine.

$CEG

Sectors39d ago

Sector Update: Energy Stocks Fall Late Afternoon

Energy stocks were lower late Wednesday afternoon, with the NYSE Energy Sector Index falling 1.8% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 2.1%.The Philadelphia Oil Service Sector Index declined 2.3%, and the Dow Jones US Utilities Index shed 1.1%.In geopolitical news, the US, Iran and Oman are moving toward an interim deal to reopen the Strait of Hormuz, with Washington looking at a Wednesday announcement, Axios reported, citing two regional sources and a US official. President Donald Trump reportedly said late Tuesday that an agreement to reopen the strait, the world's most important chokepoint for crude flows, was imminent. Meanwhile, Yemen's Iran-aligned Houthis claimed an attack on a Saudi Arabian tanker near the coast of Yanbu, a major port for Saudi crude oil exports, according to a CNBC report.Front-month West Texas Intermediate crude oil fell 0.7% to $75.23 a barrel, and the global benchmark Brent crude contract rose 0.2% to $79.50 a barrel. Henry Hub natural gas futures shed 0.4% to $2.67 per 1 million BTU.US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 400,000 barrels in the week ended July 31 following a decrease of 11.0 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks rose by 2.5 million barrels after a 7.2-million-barrel decline in the previous week, compared with the 1.5-million-barrel decrease expected in a survey compiled by Bloomberg.In corporate news, Constellation Energy (CEG) said Wednesday its board has elected Chief Executive Officer and President Joe Dominguez as chairman. Constellation shares were down 0.9%.Gran Tierra Energy (GTE) shares surged 36% after the company said Wednesday it agreed to sell its oil business in Colombia and Ecuador to Paris-listed Etablissements Maurel & Prom for an enterprise value of $1.33 billion.BP's (BP) push to boost its balance sheet is set to pick up speed in H2, helped by firmer refining margins and ongoing asset sales, RBC Capital Markets said in a note. BP shares were down 3%.Natural Resource Partners (NRP) shares jumped past 8% after it reported its Q2 results.

$BP$CEG$GTE$NRP

Wire40d ago

Constellation Energy Names CEO Dominguez as Board Chairman

Constellation Energy (CEG) said Wednesday its board has elected Chief Executive Officer and President Joe Dominguez as chairman, effective Aug. 4.The company also said Roger Crandall, Chairman, President and Chief Executive Officer of MassMutual, has been appointed to the board as an independent director, effective Aug. 5.The appointments follow the resignation of Robert Lawless from the board, the firm said.Price: $265.66, Change: $-1.59, Percent Change: -0.59%

$CEG

Wire41d ago

Constellation Energy Keeps Quarterly Dividend at $0.4265 per Share, Payable Sept. 4 to Shareholders of Record Aug. 18

$CEG

Wire46d ago

JPMorgan Adjusts Constellation Energy Price Target to $385 From $386, Maintains Overweight Rating

Constellation Energy (CEG) has an average rating of buy and mean price target of $354.65, according to analysts polled by FactSet.Price: $267.19, Change: $+9.24, Percent Change: +3.58%

$CEG

Sectors59d ago

Sector Update: Energy Stocks Rise Late Afternoon

Energy stocks were higher late Thursday afternoon, with the NYSE Energy Sector Index increasing 0.5% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.8%.The Philadelphia Oil Service Sector Index was down 0.5%, and the Dow Jones US Utilities Index was fractionally higher.Front-month West Texas Intermediate crude oil shed 0.8% to $78.98 a barrel, and the global benchmark Brent crude contract decreased 0.8% to $84.27 a barrel. Henry Hub natural gas futures fell 1.2% to $2.89 per 1 million BTU.In sector news, US natural gas stocks rose by 41 billion cubic feet in the week ended July 10, above the 39 billion increase expected in a survey compiled by Bloomberg and following an increase of 61 billion cubic feet in the previous week.In corporate news, Excelerate Energy (EE) shares rose 2.2% after Goldman Sachs initiated coverage of the stock with a buy rating and a $49 price target.Chevron (CVX) is expected to sign accords with Iraq on Friday that will further the company's negotiations about investing in large oil fields, Bloomberg reported Thursday, citing a senior company executive. Chevron shares were up 1.1%.Constellation Energy's (CEG) venture arm made an equity investment in Blue Energy, a developer of prefabricated nuclear power plants, for an undisclosed amount. Constellation shares were down 2.9%.TotalEnergies (TTE) expects Q2 hydrocarbon production to be nearly 2.4 million barrels of oil equivalent per day, supported by about 4% organic growth, the company said Thursday. Its shares were shedding 1.9%.

$CEG$CVX$EE$TTE

Sectors60d ago

Sector Update: Energy Stocks Rise Thursday Afternoon

Energy stocks were higher Thursday afternoon, with the NYSE Energy Sector Index increasing 0.3% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.8%.The Philadelphia Oil Service Sector Index was down 0.3%, and the Dow Jones US Utilities Index was fractionally lower.In geopolitical news, Iran has asked Yemen's Houthi movement to stand ready to close the Red Sea oil route if the US strikes Iranian power infrastructure, Reuters reported.Front-month West Texas Intermediate crude oil shed 0.5% to $79.24 a barrel, and the global benchmark Brent crude contract decreased 0.3% to $84.67 a barrel. Henry Hub natural gas futures fell 2.7% to $2.85 per 1 million BTU.In sector news, US natural gas stocks rose by 41 billion cubic feet in the week ended July 10, above the 39 billion increase expected in a survey compiled by Bloomberg and following an increase of 61 billion cubic feet in the previous week.Separately, Kalshi traders now see a 90% chance that gas prices will exceed $4 per gallon by the end of this month, up from 56% two days ago, CNBC reported. Traders see a 93% chance of prices topping $4 and a 63% chance of exceeding $4.10, with the contract verified by AAA, the report said.In corporate news, Chevron (CVX) is expected to sign accords with Iraq on Friday that will further the company's negotiations about investing in large oil fields, Bloomberg reported Thursday, citing a senior company executive. Chevron shares were up 1.2%.Constellation Energy's (CEG) venture arm made an equity investment in Blue Energy, a developer of prefabricated nuclear power plants, for an undisclosed amount. Constellation shares were down 2.7%.TotalEnergies (TTE) expects Q2 hydrocarbon production to be nearly 2.4 million barrels of oil equivalent per day, supported by about 4% organic growth, the company said Thursday. Its shares were shedding 1.7%.

$CEG$CVX$TTE

Wire60d ago

Constellation Energy Invests in Nuclear Developer Blue Energy

Constellation Energy's (CEG) venture arm made an equity investment in Blue Energy, a developer of prefabricated nuclear power plants, for an undisclosed amount.Blue Energy said Thursday the investment will support its shipyard-style manufacturing model, which uses large-format robotic prefabrication and assembly, and its project-financing strategy.Constellation said the investment supports Blue Energy's plans to deploy GE Vernova Hitachi's BWRX-300 small modular reactor technology as part of a multi-gigawatt gas-to-nuclear project.Price: $253.14, Change: $-4.98, Percent Change: -1.93%

$CEG

Sectors79d ago

Sector Update: Energy Stocks Decline Late Afternoon

Energy stocks were lower late Friday afternoon, with the NYSE Energy Sector Index decreasing 0.8% and the State Street Energy Select Sector SPDR ETF (XLE) down 0.7%.The Philadelphia Oil Service Sector Index was falling 1.9%, and the Dow Jones US Utilities Index rose 0.3%.Front-month West Texas Intermediate crude oil fell 3.9% to $69.09 a barrel, and the global benchmark Brent crude contract dropped 4.7% to $71.73 a barrel. Henry Hub natural gas futures rose 0.2% to $3.30 per 1 million BTU.In corporate news, Constellation Energy (CEG) said it filed applications with the US Nuclear Regulatory Commission to renew the operating licenses for its Ginna and Nine Mile Point Unit 1 nuclear reactors in New York through 2049. Constellation shares were down 2.4%.Equinor (EQNR) is ending its offshore wind business activities in Japan by the end of the year. The decision is due to a reassessment of its strategic direction and focus on integrated power markets, the firm said. Its shares fell 1.9%.TotalEnergies (TTE) said Thursday the Paris Judicial Court rejected a bid by environmental groups and the City of Paris to block new oil and gas projects or force production cuts under France's duty of vigilance law. TotalEnergies shares were down 1.9%.FuelCell Energy (FCEL) shares jumped 21% after Jefferies upgraded the company's shares to buy from hold.

$CEG$EQNR$FCEL$TTE

Sectors80d ago

Sector Update: Energy Stocks Decline Friday Afternoon

Energy stocks were lower Friday afternoon, with the NYSE Energy Sector Index decreasing 0.6% and the State Street Energy Select Sector SPDR ETF (XLE) down 0.5%.The Philadelphia Oil Service Sector Index was falling 1.8%, and the Dow Jones US Utilities Index rose 0.5%.Oil prices resumed their decline on Friday as tankers continued to transit through the Strait of Hormuz, a day after a vessel was attacked in the Gulf of Oman.Front-month West Texas Intermediate crude oil fell 4% to $69.08 a barrel, and the global benchmark Brent crude contract dropped 4.1% to $72.43 a barrel. Henry Hub natural gas futures were 0.2% lower at $3.34 per 1 million BTU.In corporate news, Constellation Energy (CEG) said it filed applications with the US Nuclear Regulatory Commission to renew the operating licenses for its Ginna and Nine Mile Point Unit 1 nuclear reactors in New York through 2049. Shares were down 2.2%.Equinor (EQNR) is ending its offshore wind business activities in Japan by the end of the year. The decision is due to a reassessment of its strategic direction and focus on integrated power markets, the firm said. Shares fell 1.6%.TotalEnergies (TTE) said Thursday the Paris Judicial Court rejected a bid by environmental groups and the City of Paris to block new oil and gas projects or force production cuts under France's duty of vigilance law. Shares were shedding 1.4%.

$CEG$EQNR$TTE

Sectors80d ago

Sector Update: Energy

$CEG

Wire80d ago

Constellation Energy Files Nuclear License Renewal Applications for Two New York Plants

Constellation Energy (CEG) filed applications with the US Nuclear Regulatory Commission to renew the operating licenses for its Ginna and Nine Mile Point Unit 1 nuclear reactors in New York through 2049, the company said Friday.The company said it submitted the Ginna renewal application on June 17 and the Nine Mile Point Unit 1 application on March 25, with each seeking a 20-year license extension, subject to regulatory approval.Constellation Energy shares were down 1.3% in Friday trading.Price: $265.10, Change: $-3.59, Percent Change: -1.34%

$CEG

Sectors82d ago

Sector Update: Energy Stocks Rise Late Afternoon

Energy stocks rose late Tuesday afternoon with the NYSE Energy Sector Index increasing 0.3% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.8%.The Philadelphia Oil Service Sector Index eased 0.1%, and the Dow Jones US Utilities Index gained 0.9%.West Texas Intermediate crude oil fell 0.7% to $73.31 a barrel, and global benchmark Brent declined 1% to $77.13 a barrel. Henry Hub natural gas futures dropped 3.2% to $3.15 per 1 million BTU.In corporate news, the US Supreme Court reversed and remanded rulings by lower courts, reviving Exxon Mobil's (XOM) lawsuit seeking more than $1 billion in damages from Cuban government-owned companies over assets confiscated after Fidel Castro seized of power in 1959. Exxon shares rose 1.2%.Petrobras (PBR) signed a memorandum of understanding with Petroleos Mexicanos to cooperate in areas of exploration and production, and industrial processes. Petrobras shares were little changed.Walmart (WMT) will buy nuclear power from Constellation Energy (CEG) under a long-term agreement split into two 15-year terms. Constellation shares fell 1.6%.Energy Fuels (UUUU) agreed to acquire Germany-based magnetics manufacturer Vacuumschmelze and related entities, collectively known as VAC, from private equity firm Ara Partners in a deal with an equity value of $1.9 billion. Energy Fuels shares fell 3.9%.

$CEG$PBR$UUUU$XOM

Sectors83d ago

Sector Update: Energy Stocks Higher Tuesday Afternoon

Energy stocks rose Tuesday afternoon, with the NYSE Energy Sector Index increasing 0.4% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.8%.The Philadelphia Oil Service Sector Index was rising 0.4%, and the Dow Jones US Utilities Index was up 0.7%.Front-month West Texas Intermediate crude oil decreased 0.8% to $73.23 a barrel, and the global benchmark Brent crude contract fell 1% to $77.13 a barrel. Henry Hub natural gas futures dropped 3% to $3.16 per 1 million BTU.In sector news, the Strait of Hormuz will remain open "with no further naval blockade," and Iran has agreed to the "highest level nuclear inspections," Al Jazeera cited US President Donald Trump as saying. Tehran has no plans to allow international inspections of its nuclear facilities, the Middle East news agency cited Iran's Foreign Affairs Ministry spokesman Esmaeil Baghaei as saying.Separately, the Trump administration is expected to announce a new deal Tuesday through which the Department of Energy will make available low-interest loans amounting to $17.5 billion for utilities to finance equipment orders for Westinghouse Electric's flagship nuclear reactor, The Wall Street Journal reported, citing the Energy Department and comments from Energy Secretary Chris Wright.The US and Qatar have warned that the EU could face higher gas prices and supply shortages unless it changes planned methane emissions rules, the Financial Times reported Tuesday, citing a draft letter seen by it.In corporate news, the US Supreme Court on Tuesday reversed and remanded rulings by lower courts, reviving Exxon Mobil's (XOM) lawsuit seeking more than $1 billion in damages from Cuban government-owned companies over assets confiscated following Fidel Castro's seizure of power in 1959. Exxon shares rose 1.2%.Walmart (WMT) will buy nuclear power from Constellation Energy (CEG) under a long-term agreement split into two 15-year terms, the companies said Tuesday. Constellation shares were shedding 0.2%.Energy Fuels (UUUU) said Tuesday it agreed to acquire Germany-based magnetics manufacturer Vacuumschmelze and related entities, collectively known as VAC, from private equity firm Ara Partners in a deal with an equity value of about $1.9 billion. Energy Fuels shares were down 2%.

$CEG$UUUU$XOM

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