$EXE

Sector Update: Energy Stocks Fall Late Afternoon

Energy stocks were lower late Monday afternoon, with the NYSE Energy Sector Index falling 2.2% and the State Street Energy Select Sector SPDR ETF (XLE) down 1.7%.The Philadelphia Oil Service Sector Index was shedding 1.7%, and the Dow Jones US Utilities Index fell 1.2%.Oil prices fell after President Donald Trump said the US and Iran were in "very deep talks," fueling optimism about the prospects of de-escalation between the two nations, though Trump also said military action could resume if diplomacy fails, according to Axios.Front-month West Texas Intermediate crude oil fell 8% to $82.14 a barrel, and the global benchmark Brent crude contract dropped 9.1% to $88.00 a barrel. Henry Hub natural gas futures shed 4.1% to $2.75 per 1 million BTU.In corporate news, Expand Energy (EXE) has agreed to buy private asset-backed natural gas and power marketer Twin Eagle from Five Point Infrastructure for about $1.25 billion, becoming North America's leading gas marketer. Expand Energy shares were down 1.1%.Ameren (AEE) unit Ameren Missouri said Monday it plans to build the West Alton Energy Center, a 2,100-megawatt combined-cycle natural gas power plant designed to provide baseload electricity, support economic growth and strengthen grid reliability. Ameren shares were shedding 1.4%.TotalEnergies (TTE) has decided to appeal a June 25 ruling by the Paris Judicial Court in a climate-related duty-of-vigilance case, the company said. TotalEnergies shares were down 2.8%.Baker Hughes (BKR) shares jumped past 5% after it posted Q2 adjusted earnings and revenue that topped analysts' expectations.Chevron (CVX) Chief Executive Mike Wirth met with senior US government officials to discuss measures to keep the company's Kazakhstan operations safe from becoming collateral damage in the Ukraine-Russia war, The Wall Street Journal reported Friday. Chevron shares were down 2%.

Sector Update: Energy Stocks Decline Monday Afternoon

Energy stocks were lower Monday afternoon, with the NYSE Energy Sector Index falling 2.1% and the State Street Energy Select Sector SPDR ETF (XLE) down 1.4%.The Philadelphia Oil Service Sector Index was shedding 1.3%, and the Dow Jones US Utilities Index fell 1.3%.Oil prices fell after President Donald Trump said the US and Iran were in "very deep talks," fueling optimism about the prospects of de-escalation between the two nations, though Trump also said military action could resume if diplomacy fails, according to Axios. Oman is conducting talks with Iran, but Qatar, Pakistan and Egypt are also actively involved in the process, Axios reported.Front-month West Texas Intermediate crude oil fell 7.5% to $82.61 a barrel, and the global benchmark Brent crude contract dropped 8.2% to $88.87 a barrel. Henry Hub natural gas futures shed 3.9% to $2.76 per 1 million BTU.In corporate news, Expand Energy (EXE) has agreed to buy private asset-backed natural gas and power marketer Twin Eagle from Five Point Infrastructure for about $1.25 billion, becoming North America's leading gas marketer. Expand Energy shares were up 0.6%.TotalEnergies (TTE) has decided to appeal a June 25 ruling by the Paris Judicial Court in a climate-related duty-of-vigilance case, the company said. TotalEnergies shares were down 2.7%.Baker Hughes (BKR) shares jumped past 6% after it posted Q2 adjusted earnings and revenue that topped analysts' expectations.

Sector Update: Energy

Energy stocks were lower Monday afternoon, with the NYSE Energy Sector Index falling 2% and the State Street Energy Select Sector SPDR ETF (XLE) declining 1.5%.The Philadelphia Oil Service Sector Index was shedding 1.3%, and the Dow Jones US Utilities Index was down 1.3%.Oil prices fell after President Donald Trump said the US and Iran were in "very deep talks," fueling optimism about the prospects of de-escalation between the two nations, though Trump also said military action could resume if diplomacy fails, according to Axios. Oman is conducting talks with Iran, but Qatar, Pakistan and Egypt are also actively involved in the process, Axios reported.Front-month West Texas Intermediate crude oil fell 7.3% to $82.76 a barrel, and the global benchmark Brent crude contract dropped 6.2% to $86.01 a barrel. Henry Hub natural gas futures shed 3.6% to $2.77 per 1 million BTU.In corporate news, Expand Energy (EXE) has agreed to buy private asset-backed natural gas and power marketer Twin Eagle from Five Point Infrastructure for about $1.25 billion, becoming North America's leading gas marketer. Expand Energy shares were 0.1% higher.

Expand Energy to Acquire Twin Eagle in $1.25 Billion Deal

Expand Energy (EXE) said on Monday it had agreed to acquire natural gas marketing firm Twin Eagle Holdings for $1.25 billion in cash and debt from Five Point Infrastructure.The energy firm said the transaction is expected to close in Q3 2026, subject to regulatory approvals.Expand said it would fund the acquisition using a combination of cash on hand and borrowings under its revolving credit facility.The acquisition is set to expand Expand's downstream marketing capabilities, combining its large-scale natural gas production with Twin Eagle's physical gas marketing, storage and transportation portfolio.Twin Eagle currently markets more than 5 billion cubic feet per day of natural gas, manages about 44 Bcf of storage capacity and controls about 2 Bcf/d of firm transportation capacity. It serves over 1,000 customers across the US and Canada.Following the acquisition, the combined energy firm is projected to market about 14 Bcf/d of natural gas, supported by about 9 Bcf/d of firm transportation capacity and 49 Bcf of storage.Expand said the transaction is projected to be immediately accretive to earnings before interest, taxes, depreciation and amortization, contributing more than $200 million in annual EBITDA initially, while generating about $150 million of annual cost savings by the end of 2028.The company also raised its long-term marketing and commercial strategy target, saying it now expects to generate $750 million of incremental annual free cash flow from the business, up 50% from its previous goal.Expand said the acquisition would extend its reach to about 90% of North America's natural gas market by broadening access to major demand centers across the US and Canada while enhancing its ability to optimize production, transportation and storage assets.Following completion of the transaction, Twin Eagle will operate as a wholly owned subsidiary of Expand.Price: $90.83, Change: $-0.69, Percent Change: -0.75%

Sector Update: Energy Stocks Decline Pre-Bell Monday

Energy stocks were declining pre-bell Monday, with the State Street Energy Select Sector SPDR ETF (XLE) falling 2.5%.The United States Oil Fund (USO) was down 6% and the United States Natural Gas Fund (UNG) was 3.3% lower.Front-month US West Texas Intermediate crude oil was 5.7% lower at $84.25 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 6.1% to $90.90 per barrel, and natural gas futures were down 3% at $2.79 per 1 million British Thermal Units.TotalEnergies (TTE) has decided to appeal a June 25 ruling by the Paris Judicial Court in a climate-related duty-of-vigilance case, the company said. Shares of TotalEnergies were down more than 3% premarket.Baker Hughes (BKR) shares were up more than 3% after the company posted Q2 adjusted earnings and revenue that topped analysts' expectations.Expand Energy (EXE) stock was down more than 1% after the company said it has agreed to acquire Twin Eagle, a private asset-backed natural gas marketing and optimization business, for $1.25 billion in cash from Five Point Infrastructure.

Expand Energy to Acquire Twin Eagle for $1.25 Billion in Cash

Expand Energy (EXE) said Monday it has agreed to acquire Twin Eagle, a private asset-backed natural gas marketing and optimization business, for $1.25 billion in cash from Five Point Infrastructure.The deal is expected to close in Q3, and is initially expected to contribute over $200 million of projected annual EBITDA and $150 million synergies annually by the end of 2028, the company said.Expand Energy said it plans to fund the acquisition using cash on hand and borrowings from its revolving credit facility.The merger creates value by improving Expand's marketing and commercial strategy, increasing its customer and market reach, and strengthening its finances, the company said.Shares of the company were down 1% in premarket activity Monday.

Oil Stocks Rise as Middle East Tensions Lift Crude Ahead of Earnings Season, RBC Says

Shares of US oil and gas producers gained over the past week as renewed tensions between Israel and Iran pushed crude prices higher ahead of the Q2 earnings season, RBC Capital Markets analyst Scott Hanold said in a Thursday note.Oil prices climbed to around $80 per barrel for the US benchmark West Texas Intermediate after US President Donald Trump pledged further action against Iran following renewed military strikes.The renewed geopolitical tensions came as the US Strategic Petroleum Reserve fell for the consecutive week to 316.5 million barrels, while inventories at the Cushing, Oklahoma, delivery hub rose above the 20-million-barrel level considered the minimum for efficient operations.Despite the jump in oil prices, trading activity across energy markets remained subdued, Hanold said.Oil-focused exploration and production companies outperformed their natural gas peers over the past week. Shares of oil-weighted producers rose about 3%, while gas-focused companies slipped 1%.The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) gained 4% as crude prices rose about 10%, while US natural gas benchmark Henry Hub prices fell 4%.Investor attention is now shifting toward the upcoming US exploration and production earnings season, with analysts reporting increased discussions around company strategy and capital allocation after limited interest from generalist investors during much of the second quarter.Among the companies drawing the most attention are Expand Energy (EXE), where investors are awaiting the appointment of a new chief executive and Devon Energy (DVN) over potential asset sales.Other companies include EOG Resources' (EOG) exploration activities in the UAE, Matador Resources' (MTDR) efforts to unlock value from its midstream assets, California Resources' (CRC) strategic initiatives, and EQT's (EQT) growth plans.Analysts said investors are also focused on the potential for mergers and acquisitions, free cash flow allocation and the outlook for US natural gas markets, with EOG, Matador, SM Energy (SM) and EQT emerging as favored names heading into earnings.Price: $168.11, Change: $+1.67, Percent Change: +1.00%

Capital One Securities Adjusts Expand Energy PT to $124 From $125, Maintains Overweight Rating

Expand Energy (EXE) has an average rating of Buy and mean price target of $127.15, according to analysts polled by FactSet.

BMO Capital Adjusts Price Target on Expand Energy to $105 From $110, Maintains Outperform Rating

Expand Energy (EXE) has an average rating of buy and mean price target of $127.50, according to analysts polled by FactSet.Price: $87.80, Change: $+0.55, Percent Change: +0.63%

Stephens Adjusts Expand Energy Price Target to $156 From $162

Expand Energy (EXE) has an average rating of buy and mean price target of $127.81, according to analysts polled by FactSet.Price: $85.33, Change: $-3.65, Percent Change: -4.10%

UBS Adjusts Price Target on Expand Energy to $127 From $135, Maintains Buy Rating

Expand Energy (EXE) has an average rating of buy and mean price target of $127.81, according to analysts polled by FactSet.

Truist Securities Adjusts Expand Energy Price Target to $117 From $134

Expand Energy (EXE) has an average rating of buy and mean price target of $127.81, according to analysts polled by FactSet.

UBS Adjusts Price Target on Expand Energy to $127 From $135

Expand Energy (EXE) has an average rating of buy and mean price target of $127.81, according to analysts polled by FactSet.

JPMorgan Adjusts Price Target on Expand Energy to $122 From $131

Expand Energy (EXE) has an average rating of buy and mean price target of $128.77, according to analysts polled by FactSet.Price: $88.61, Change: $-1.49, Percent Change: -1.65%

Citigroup Adjusts Expand Energy Price Target to $115 From $125

Goldman Sachs Adjusts Price Target on Expand Energy to $107 From $115, Maintains Buy Rating

Expand Energy (EXE) has an average rating of buy and mean price target of $130.38, according to analysts polled by FactSet.

Morgan Stanley Adjusts PT on Expand Energy to $131 From $139, Maintains Overweight Rating

Expand Energy (EXE) has an average rating of buy and mean price target of $131.19, according to analysts polled by FactSet.Price: $90.78, Change: $+2.34, Percent Change: +2.65%

Oil Drops on Diplomatic Progress with Iran, Tight Inventories Limits Downside, RBC Says

Oil prices came under renewed pressure on Friday after the White House signaled that a nuclear agreement with Iran could be reached in the near term, raising expectations for additional crude supplies to return to the market, RBC Capital Markets analyst Scott Hanold said in a Friday note.US benchmark West Texas Intermediate crude fell below $80 per barrel, although prices remain approximately 18% higher than levels seen before the outbreak of conflict in late February. Shares of US exploration and production companies also weakened, leaving the sector up just 6% since the start of the conflict.Despite the prospect of an easing in geopolitical tensions, Hanold said the impact on global oil fundamentals has already been significant. Supply and inventory buffers have been substantially reduced, supporting expectations for higher medium-term oil prices. Analysts estimate that the industry's mid-cycle oil price could remain at or above $75 per barrel for the next several years.US crude inventories currently stand about 5% below their five-year average. In its latest Short-Term Energy Outlook, the US Energy Information Administration projected total OECD oil inventories will fall below 2.3 billion barrels by December, the lowest level since the agency began tracking the data in 2003.Energy equities broadly declined over the past week. Oil-focused E&P companies fell roughly 5%, while natural gas-focused producers declined about 6%. Large-cap energy stocks were down 4%, while small- and mid-cap names lost 5%. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 4% during the period, as WTI crude declined 7% and Henry Hub natural gas prices dropped 8%.Investor interest in the energy sector remains intact but highly selective, according to discussions with long-only funds, generalist investors, and hedge funds. Investors continue to cite attractive valuations, with free cash flow-to-enterprise value and free cash flow-to-market capitalization yields averaging in the low- to mid-teens.Interest in natural gas producers remains more limited amid concerns that a strengthening El Nino weather pattern could weigh on demand. However, investors have shown growing interest in Expand Energy (EXE) due to its relative valuation. Other energy names drawing attention include Devon Energy (DVN), ConocoPhillips (COP), Diamondback Energy (FANG), and Permian Resources (PR).Price: $167.10, Change: $+3.69, Percent Change: +2.26%

US Gas Market Seen Tightening into 2027, Potential Oversupply in 2028, TPH Says

US natural gas markets are projected to remain a key focus for investors assessing tightening near-term fundamentals before a shift toward oversupply later in the decade, according to TPH Energy Research in a Tuesday note.Matt Portillo, analyst at TPH, said that end-of-summer 2027 gas balances will reach 4.1 trillion cubic feet, with investors increasingly focused on when to position for longer-dated holdings beyond 2028.TPH said the outlook reflects a market still supported by regional constraints and rising demand before new supply and infrastructure changes alter the trajectory.Regional pricing dynamics remain in focus, including Permian-driven growth, Waha basis spreads in 2027, and medium-term balance trends at Agua Dulce. Portillo also noted emerging structural concerns at Gillis beyond 2028 as demand-supply imbalances deepen.TPH said global gas markets could tip into oversupply by 2028, with implications for global pricing trends over the next decade. The bank sees European benchmark TTF prices potentially easing toward $6-7 per million British thermal units over time.Simultaneously, Gulf Coast supply constraints are expected to support Henry Hub prices, potentially narrowing the arbitrage between US and global gas markets by 2029.On the upstream side, investor interest centered on Antero Resources (AR), EQT Corporation (EQT), Expand Energy (EXE), Range Resources (RRC), BKV Corporation (BKV) and Comstock Resources (CRK).Midstream companies, including DT Midstream (DTM), TC Energy, Williams Companies (WMB, Energy Transfer (ET), Kinder Morgan (KMI), Cheniere Energy (LNG), and Venture Global (VG), were also widely discussed.TPH said this underscores expectations that LNG export growth and pipeline bottlenecks will remain central to market direction over the next several years.Price: $34.72, Change: $-0.80, Percent Change: -2.25%