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Commodities

NWS Warns of Thunderstorms in Northern, Central Plains, Lower Missouri, Lower Ohio Valleys, Mid-Atlantic

The US National Weather Service said parts of northern and central Plains, the region stretching from Lower Missouri to Lower Ohio Valleys, and the Mid-Atlantic are expected to experience severe thunderstorms, with risks of strong gusts and/or large hail on Thursday.Mid-Mississippi and Ohio Valleys, and Mid-Atlantic are likely to face flash and urban flooding due to excessive rainfall.The NWS issued a red flag warning early Friday for Utah's Milford, Cedar City, Escalante, Bryce Canyon National Park, Zion National Park, parts of Bluff and Capitol Reef National Park. PacifiCorp unit Rocky Mountain Power is the main electricity provider in the state.An extreme heat warning was issued for Arizona's Parker, Yuma, Phoenix, Gila Bend, Dateland, Ajo, Globe, Casa Grande, Tucson, Page, Grand Canyon Village, Wickenburg, and Safford. The state is primarily served by Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiaries Unisource and Tucson Electric Power.A similar warning was raised for California's Blythe, El Centro Imperial, Palm Springs, Beaumont, Palm Springs, Indio, Borrego Springs, Julian, Mount Laguna, and areas near Campo. These places are primarily served by Sempra (SRE) unit San Diego Gas & Electric and Edison International's (EIX) Southern California Edison.Also placed under an extreme heat warning were Savannah and areas near Hinesville in Georgia, which primarily falls under the service area of Southern Company (SO) unit Georgia Power.The NWS also issued extreme heat warnings for South Carolina's Hilton Head Island, Beaufort, Charleston, Summerville, Moncks Corner, Georgetown, Conway, and Myrtle Bridge; and North Carolina's South Port, Burgaw, and Wilmington. Duke Energy (DUK) and Dominion Energy (D) are the primary service providers in the Carolinas.In Illinois, the NWS issued a flood warning for Peoria, Canton, Havana, and Pekin. Ameren's (AEE) Illinois unit and Exelon (EXC) subsidiary ComEd are among the major service providers in Illinois.A similar warning was raised for Iowa's Cedar Rapids, Clinton, and Charles City. Berkshire Hathaway Energy unit MidAmerican Energy and Alliant Energy (LNT) are primary service providers in the state.The NWS also issued flood warnings for small pockets of Minnesota and Indiana.

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Commodities

Market Chatter: Sempra's Mexico LNG Plant Exports First Cargo Amid Ongoing Global Supply Crunch

Sempra Infrastructure's (SRE) Energia Costa Azul LNG project on Mexico's Pacific coast shipped its first LNG cargo on Tuesday, marking a major milestone for the project, according to ship tracking data compiled by Bloomberg.The Pacific Success LNG tanker reportedly left the plant at Ensenada in Mexico's Baja California state, with its draft level having increased, indicating that it was loaded with cargo.The terminal began producing LNG in June and joins growing cohort of projects along North America's West Coast, aimed at serving new demand from Asian customers for US LNG, as disruptions in the Strait of Hormuz reshape global trade flows.Energia Costa Azul sources natural gas from the US for liquefaction. The project's first phase has export capacity of 3.25 million metric tons per year, with a second phase under development. Long-term supply agreements have been secured with Sempra Infrastructure's joint venture partner TotalEnergies (TTE) and Japanese trading house Mitsui & Co.Sempra Infrastructure did not immediately respond to' request for a comment on this story.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Research

TD Cowen Initiates Sempra at Buy With $110 Price Target

Sempra (SRE) has an average rating of overweight and mean price target of $104.85, according to analysts polled by FactSet.

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Commodities

Mexico Poised to Launch 1st Pacific LNG Exports From Energia Costa Azul Terminal, Kpler Says

Mexico is set to begin liquefied natural gas exports from its Pacific coast for the first time, Kpler analyst Camille Klass said in a Tuesday note.The LNG tanker Pacific Success is en route to load the inaugural cargo from Sempra Infrastructure's (SRE) Energia Costa Azul terminal in Baja California.Klass said Kpler data show the TotalEnergies (TTE)-operated Pacific Success is expected to arrive near the ECA LNG terminal on Tuesday.ECA consists of a single liquefaction train and is jointly owned by Sempra Infrastructure and TotalEnergies.TotalEnergies holds a 16.6% equity stake and has contracted 1.7 million metric tons per annum of LNG from the facility, while Mitsui has long-term offtake rights for 0.8 mtpa.The expected first export comes about a month after the project began producing LNG during commissioning, following mechanical completion and the introduction of first gas.Sempra previously said it expected substantial completion during the summer, with commercial deliveries under long-term sales agreements to begin shortly afterward.The startup schedule has been closely watched after the company delayed commercial operations from an earlier spring target to complete additional quality-related inspections.The anticipated loading follows a sharp increase in feed gas deliveries to the terminal in June, signaling commissioning had entered its final stages.Kpler forecast that ECA LNG would "likely export its first LNG cargo in early-to-mid July" after feedgas flows to the plant rose to about 0.4 billion cubic feet per day in mid-June and remained at that level for several days.According to Kpler Insight, those volumes, equivalent to roughly 3 mtpa of LNG production, indicated the first export cargo was imminent.The project also began receiving gas under its long-term firm transportation agreement on the Rosarito pipeline in May, replacing earlier interruptible volumes.Kpler forecasts that the project will export about 1.14 million mt of LNG in 2026 as commissioning transitions to full commercial operations.With the start of exports, ECA will become Mexico's first LNG export terminal on the Pacific coast, providing a direct route to Asian markets without requiring transit through the Panama Canal.Mexico's only other operating LNG export project, Altamira Fast LNG in Tamaulipas on the Gulf coast, ships cargoes through the Atlantic Basin.

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Commodities

NWS Warns of Severe Weather, Flooding Risks Across Central US, Dangerous Heat Build in South

The US National Weather Service said parts of central US, especially stretching from the central High Plains to the Mid-Mississippi Valley, will continue to face risks related to severe weather and flooding through Thursday.Meanwhile, southern US is expected to see the development of dangerous heat into the weekend, while fire weather conditions are likely for the Intermountain West region due to the presence of hot and dry conditions.The NWS early Thursday issued a red flag warning for almost the entirety of Utah, except for Logan, Park City, and parts of Vernal and Duchesne. Utah primarily falls under the service area of PacifiCorp's Rocky Mountain Power.A similar warning was raised for Nevada's Carson City, Reno, Fallon, Gerlach, Lovelock, and parts of Tonopah, primarily served by Berkshire Hathaway Energy subsidiary NV Energy.Affected areas in Idaho include Pocatello, Malad City, Soda Springs, Preston, Palisades, and Blackfoot, where Idacorp (IDA) unit Idaho Power and PacifiCorp subsidiary Rocky Mountain Power are the major service providers.A red flag warning was also raised for Washington's Omak, Winthrop, Chelan, Coulee Dam, Spokane, Rosalia, Pullman, Walla Walla, Pasco, Connell, Moses Lake, Ellensburg, Yakima, Ritzville, Wenatchee, Goldendale, and Sunnyside. A flood warning was raised for areas near Chelan. Puget Sound Energy, PacifiCorp's Pacific Power, and Avista (AVA) unit Avista Utilities are among the primary electricity service providers in the state.Also placed under a warning for fire weather conditions were Oregon's The Dalles, Madras, Maupin, Condon, Fossil, Pendleton, and Hermiston, also served by Pacific Power.Colorado's Craig, Rangely, Meeker, Rifle, Grand Junction, Nucla, Telluride, Cortez and Durango were also covered by a red flag warning watch, while a flash flood warning was issued for Wray. Xcel Energy (XEL) and Black Hills (BKH) unit Black Hills Energy are the primary electricity service providers in Colorado.The NWS issued an extreme heat warning for Arizona's San Carlos, Safford, Oracle, Oro Valley, Tucson, Green Valley, Benson, Sierra Vista, Bisbee, Nogales, Phoenix, Parker, Wickenburg, and Yuma. Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiaries Unisource and Tucson Electric Power are the major electric utility providers in Arizona.In California, an extreme heat warning was raised for Blythe, El Centro Imperial, Borrego Springs, Mount Laguna, and Julian, while a small part of Susanville was placed under a red flag warning. These places are primarily served by Edison International's (EIX) Southern California Edison and Sempra Energy (SRE) unit San Diego Gas & Electric.The NWS issued a flash flood warning for Imperial and McCook in Nebraska, which majorly falls under the service area of regional transmission organization Southwest Power Pool, with Midcontinent ISO also serving some areas.A similar warning was also issued for Oberlin in Kansas, while a flood warning was raised for Hutchinson and Wellington. Evergy (EVRG) is among the major service providers in the state.In Texas, a flash flood warning was issued for Amarillo, while Lufkin, Bryan, and Texarkana were placed under a flood warning watch. Xcel Energy, American Electric Power's (AEP) Southwestern Electric Power Company, and Sempra unit Oncor are among the service providers in these places.The NWS issued a flood warning for Louisiana's Lake Charles, Jennings, Glenmora, Marksville, Ville Platte, Opelousas, parts of Monroe and Shreveport, and areas bordering Mississippi and Arkansas. Entergy's (ETR) Louisiana unit, Southwestern Electric Power Company, and Cleco are among the major service providers in Louisiana.Mississippi's Hattiesburg, Gulfport, Vicksburg, Brookhaven, Jackson, and areas near Meridian, primarily served by Southern Company (SO) unit Mississippi Power, were also placed under a flood warning watch.Affected areas in Illinois include Olney, Peru, Peoria, Pekin, Havana, Canton, Macomb, Carmi, Jacksonville, Ottawa, Chicago, and areas bordering Indiana. Ameren's (AEE) Illinois unit and Exelon (EXC) subsidiary ComEd are among the major service providers in Illinois.The NWS also issued flood warnings for parts of Indiana, Oklahoma, Arkansas, and Florida.

$AEE$AEP$AVA$BKH$EIX$ETR$EVRG$EXC$IDA$PNW$SO$SRE$XEL
Commodities

NWS Warns of Severe Weather, Floods in Central US; Dangerous Heat in Southern, Western US

The US National Weather Service on Wednesday said parts of central US are expected to experience multiple rounds of thunderstorms, with risks of persistent severe weather and flooding threats over the next two days.Dangerous heat is forecast in southern and western US through mid-week, while fire weather concerns are likely in the Intermountain West due to hot and dry conditions and dry thunderstorms, the agency said.The NWS early Wednesday issued a red flag warning for Colorado's Leadville, Buena Vista, Saguache, Salida, Alamosa, San Luis, and Fairplay. A severe thunder storm warning was raised for Limon, Colorado Springs, and areas near Trinidad, La Junta, and Pueblo. Pueblo and Colorado Springs were also placed under a flash flood warning watch, along with areas near La Veta Pass and Trinidad. Trinidad was also listed under a tornado warning alert.Xcel Energy (XEL) and Black Hills (BKH) unit Black Hills Energy are the primary electricity service providers in Colorado.In California, a red flag warning was raised for Baker, Barstow, Victorville, Twenty-Nine Palms, and areas near Wrighthood and Big Bear Lake, while an extreme heat warning was issued for Borrego Springs, Julian, Mount Laguna, Blythe and El Centro Imperial. These places are primarily served by Edison International's (EIX) Southern California Edison and Sempra Energy (SRE) unit San Diego Gas & Electric.An extreme heat warning was issued for Arizona's Parker, Yuma, Phoenix, Globe, Tucson, Nogales, San Carlos, Safford, Oracle, Oro Valley, Benson, Green Valley, Sierra Vista, Bisbee, and Wickenburg. Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiaries Unisource and Tucson Electric Power are the major electric utility providers in Arizona.The NWS issued a flood warning for Louisiana's Lake Charles, Jennings, Oberlin, Glenmora, Markleeville, Ville Platte, Opelousas, and areas bordering Mississippi and Arkansas. Entergy's (ETR) Louisiana unit, American Electric Power's (AEP) Southwestern Electric Power Company, and Cleco are among the major service providers in Louisiana.In Texas, a similar warning was raised for George West, Beaumont, Bryan, and Lufkin. These places are majorly served by the Texas units of American Electric Power and Entergy, and Centrepoint Energy (CNP).Affected areas in Illinois include Olney, Champaign, Decatur, Peru, Peoria, Pekin, Havana, Canton, Macomb, Jacksonville, Ottawa, and areas bordering Indiana and Missouri. Ameren's (AEE) Illinois unit and Exelon (EXC) subsidiary ComEd are among the major service providers in Illinois.Mississippi's Hattiesburg, Gulfport, Vicksburg, Brookhaven, Jackson, and areas near Meridian, primarily served by Southern Company (SO) unit Mississippi Power, were also placed under a flood warning watch.The NWS also issued flood warnings for Pensacola and DeFuniak Springs in Florida, where NextEra Energy (NEE) unit Florida Power & Light Company is the primary service provider; and Demopolis and Monroeville in Alabama, primarily served by Southern Company unit Alabama Power.Flood warnings were also issued for parts of Washington, Indiana, Arkansas, Kansas, Nebraska, Iowa, and Oklahoma.

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Wire

Market Chatter: US, Qatar Warn EU Methane Rules Could Trigger Gas Supply Shortages

The US and Qatar have warned that the European Union 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.They argue that most global oil and gas exporters would be unable to comply with the proposed requirements, which would introduce monitoring and reporting standards for methane emissions across supply chains.The warning, led by US and Qatari energy officials and sent to EU leaders ahead of an energy ministers' meeting, says there is a "narrow window" to change the rules. Algeria and Nigeria also backed the letter, according to the report.The European Commission, the US Department of Energy and Qatar's Government Communications Office did not immediately respond to' requests for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $233.74, Change: $+2.89, Percent Change: +1.25%

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Commodities

NWS Warns of severe thunderstorms in Illinois, Indiana, Storm Impact in Texas, Louisiana, Mississippi

The US National Weather Service on Thursday said portions of Illinois and Indiana are expected to experience severe thunderstorms, with potential for intense tornadoes, damaging gusts, and hail.Meanwhile, strong winds are likely across coastal Upper Texas and Louisiana, while the region stretching from southern Louisiana into Mississippi is likely to encounter potentially life-threatening flooding due to Tropical Storm Arthur.The NWS issued a red flag warning warly Thursday for Colorado's Leadville, Buena Vista and Salida. Xcel Energy (XEL) and Black Hills (BKH) unit Black Hills Energy are the primary service providers in the state.A red flag warning was also raised for Nevada's Reno and Carson City, served by Berkshire Hathaway Energy unit NV Energy; and California's Bridgeport, Markleeville, and areas near Portola, where Algonquin Power & Utilities subsidiary Liberty and Edison International's Southern California Edison are the main service providers.An extreme heat warning was raised for Grand Canyon Village in Arizona, where Pinnacle West Capital (PNW) unit Arizona Public Service Company is the primary service provider.In Texas, an extreme heat warning was issued for Brownsville, Weslaco, McAllen, Raymondville, Rio Grande City, Zapata, Falfurrias, Sarita, Hebbronville, Laredo, Freer, Alice, Corpus Christi, Cotulla, Carrizo Springs, Eagle Pass, Pearsall, Hondo, Uvalde, Karnes City, San Antonio, Victoria, Cuero, Gonzales, New Braulfels, LA Grange, Bastrop, Austin, Georgetown,Marathon, Presidio, Fort Stockton, Big Spring, Midland, San Angelo, and Big Lake. Meanwhile, a flood warning was raised for Corpus Christi, Beaumont, Kountze, Kirbyville, Lufkin, Galveston, and Orange.The Texas units of American Electric Power (AEP) and Entergy (ETR), Centrepoint Energy (CNP), and Sempra unit (SRE) Oncor are among the major service providers in these places.A flood warning was raised for Louisiana's Abbeyville, Lafayette, Cameron, Baton Rouge, Jennings, De Quincy, Lake Charles, Oberlin, Glenmora, and Hammond. Houma, New Orleans and Morgan Town were placed under a severe thunderstorm and tornado warning, while areas near New Iberia were covered by a tornado warning.Entergy's Louisiana unit, American Electric Power's Southwestern Electric Power Company, and Cleco are among the major service providers in Louisiana.Mississippi's McComb, Hattiesburg, Gulfport, Laurel and Meridian, primarily served by Southern Company (SO) unit Mississippi Power, were also covered under a flood warning watch.A flood warning was also raised for Mobile in Alabama, primarily served by Southern Company unit Alabama Power; and Pensacoula and De Funiak Springs in Florida, where NextEra Energy (NEE) unit Florida Power & Light Company is the primary service provider.The NWS issued a flash flood warning for Utah's Cincinnati and Wilmington.In Indiana, a flash flood warning was raised for Greensburg, and areas near Jasper and Vincennes, while a flood warning was issued for Terre Haute, Indianapolis, Seymour, and Crawfordsville. A tornado warning was issued for Madison and neigbouring areas in Kentucky state. Duke Energy (DUK), the Indiana unit of AES (AES), and CenterPoint Energy are among the major electricity providers in these places.The NWS also issued flood warnings for parts of Illinois, Washington, Missouri, and Iowa.

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Commodities

NWS Warns of Potential Tropical Storm Development off Northwestern Gulf Coast

The US National Weather Service said a potential tropical cyclone is expected to gather strength and develop into tropical storm Arthur off the northwestern Gulf coast through Wednesday.A severe weather outbreak is likely in the Midwest on Wednesday, while parts of northwestern Gulf Coast, lower Mississippi River Valley, and Deep South are expected to face considerable local flash flooding through Thursday due to excessive rainfall.The NWS early Wednesday issued a red flag warning for New Mexico's Farmington, Chama, Gallup, Santa Fe, Moriarty, Santa Rosa, Socorro, Ruidoso, Los Alamos, and Albuquerque. Meanwhile, an extreme heat warning was raised for Roswell. TXNM Energy (TXNM) unit Public Service Co. of New Mexico and Xcel Energy (XEL) are among the primary electricity suppliers in the state.A red flag warning was issued for Idaho's Mountain Home, Twin Falls, Shoshone, Burley, Malad City, Preston, Montpelier, Arco, Mackay, Dubois, Rexburg, Rigby, Idaho Falls, Driggs, Blackfoot, Palisades, Pocatello, Soda Springs, and Island Park. PacifiCorp unit Rocky Mountain Power and Idacorp's (IDA) Idaho Power are among the major service providers in these places.Also covered under a red flag warning watch were Wyoming's Wright, Glenrock, Bill, Lusk, Lance Creek, Glendo, Douglas, Torrington, Wheatland, Chugwater, Cheyenne, and Newcastle. These areas primarily fall under the service area of Rocky Mountain Power.A similar warning was also issued for Utah's Provo, Vernal, Duchesne, Price, Manti, Richfield, Delta, Milford, St. George, Zion National Park, Escalante, Bryce Canyon National Park, Capitol Reef National Park, Green River, Moab, Monticello, Blanding, Bluff and Cedar City. These places are also primarily served by Rocky Mountain Power.Affected areas in Colorado included Craig, Rangely, Meeker, Steamboat Springs, Kremmling, Rifle, Vail, Grand Junction, Aspen, Buena Vista, Montrose, Nucla, Gunnison, Lake City, Telluride, Alamosa, Pagosa Springs, Durango, Cortez, Salida, South Fork, Creede, Wolf Creek Pass, Saguache, San Luis, Trinidad, Leadville, Woodland Park, Canon City, Pikes Peak, Georgetown, Boulder, Granby, Colorado Springs, and Fort Collins. Xcel Energy and Black Hills (BKH) unit Black Hills Energy are the primary service providers in the state.In Nebraska, areas placed under a warning for fire weather conditions included Harrison, Chadron, Scottsbluff, Bridgeport, Alliance, Harrisburg, Kimball, Sidney, Rushville, Oshkosh, Arthur, Hyannis, Chappell, Ogallala, Grant, Imperial, Valentine, Mullen, Thedford, Tryon, Stapleton, North Platte, Stockville, Broken Bow, Burwell, Brewster, Ainsworth, Springview, Butte, and ONeill. A major part of the state is covered under the service area of regional transmission organization Southwest Power Pool, with Midcontinent ISO also serving some areas.The NWS also issued red flag warnings for Washington's Ellensburg and Yakima; and Oregon's Prineville, Bend, Madras, Redmond, and areas near Silver Lake. Pacific Power subsidiary Pacific Power is among the major service providers for affected areas in both the states.South Dakota's Custer, Hermosa, Hot Springs, Edgemont, Kadoka, Pine Ridge, Martin, and Wall, primarily served by Black Hills Energy, were also placed under a red flag warning watch.The NWS issued an extreme heat warning for Grand Canyon Village in Arizona, where Pinnacle West Capital (PNW) unit Arizona Public Service Company is the primary service provider.In Texas, an extreme heat warning was issued for Eagle Pass, Uvalde, San Antonio, Pleasanton, Hallettsville, Carrizo Springs, Pearsall, Karnes City, Cuero, Gonzales, La Grange, Bastrop, Austin, and Georgetown. A flood warning was raised for Laredo, Corpus Christi, Rockport, Refugio, Victoria, Bay City, Lufkin, Kountze, Orange, and Beaumont. Meanwhile, Galveston was covered under a tropical storm warning watch. The Texas units of American Electric Power (AEP) and Entergy (ETR), Centrepoint Energy (CNP), and Sempra unit (SRE) Oncor are among the major service providers in these places.In Louisiana, Cameron, Abbeyville, New Iberia, and Morgan City were covered under a tropical storm warning watch. Meanwhile, a flood warning was issued for Jennings, De Quincy, Lafayette, Baton Rouge, Oberlin, Glenmora, Crowley, De Ridder, Hammond, and Alexandria. Entergy's Louisiana unit, AEP's Southwestern Electric Power Company, and Cleco are among the major service providers in Louisiana.Mississippi's McComb and Hattiesburg, primarily served by Southern Company (SO) unit Mississippi Power were also covered under a flood warning watch.The NWS also issued flood warnings for certain pockets of Missouri, Illinois, Indiana, Iowa, and Washington.

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Commodities

NWS Warns of Thunderstorms, Flash Floods in Southern New Mexico, Western & Northern Gulf Coast

The US National Weather Service said part of the region stretching from southern New Mexico into the western and northern Gulf Coast is expected to experience flash flooding into Wednesday due to excessive rainfall from heavy thunderstorms.The NWS issued a red flag warning for Colorado's Vail, Aspen, Rifle, Grand Junction, Montrose, and Nucla. The state is primarily served by Xcel Energy (XEL) and Black Hills (BKH) unit Black Hills Energy.In Nebraska, a similar warning was raised for Harrison, Chadron, Scottsbluff, Bridgeport, Alliance, Harrisburg, Kimball, Sidney, Rushville, Oshkosh, Arthur, Hyannis, Chappell, and Ogallala. A major part of the state falls under the service area of regional transmission organization Southwest Power Pool, with Midcontinent ISO also serving some areas.Affected areas in Wyoming included Glenrock, Bill, Lusk, Lance Creek, Glendo, Douglas, Torrington, Wheatland, Chugwater, and Newcastle. These areas primarily fall under the service area of PacifiCorp's Rocky Mountain Power.Also covered under a red flag warning were South Dakota's Edgemont, Hot Springs, Pine Ridge, Kadoka, Martin, Custer, and Wall, primarily served by Black Hills Energy.California's Shasta Dam, Redding, Red Bluff, Corning, Paradise, Oroville, Marysville, Paradise, and Quincy, primarily served by PG&E (PCG) unit Pacific Gas and Electric Company, were also placed under a red flag warning watch.Meanwhile, an extreme heat warning was raised for Oregon's Portland, Oregon City, Corbett, and Hillsboro, primarily served by Portland General Electric and PacifiCorp unit Pacific Power; and Washington's Vancouver, also served by Pacific Power.The NWS issued a flood warning for Missouri's Nevada, Joplin, Osage Beach, Lebanon, Springfield, Jefferson City, Camdenton, Rolla, St Joseph, Boonville, Columbia, Chillicothe, Carrollton, Moberly, Washington, and areas near Mexico. Evergy (EVRG), Ameren's (AEE) Missouri unit, and Algonquin Power & Utilities (AQN) subsidiary Liberty are the major service providers in Missouri.A similar warning was issued for areas near Coffeyville and Iola in Kansas, where Evergy is among the major service providers.Areas covered under a flood warning watch in Illinois included Peru, Peoria, Pekin, Canton, Havana, Quincy, Jacksonville, Champaign, Decatur, and Carbondale. Ameren's Illinois unit and Exelon (EXC) subsidiary ComEd are among the major service providers in the state.In Texas, the NWS issued a flash flood warning for Rocksprings, Junction, Fredericksburg, Burnet, Georgetown, San Antonio, Hondo, and Cameron, while parts of Cameron and Denton were covered under a flood warning watch. Sempra (SRE) unit Oncor, and Centrepoint Energy (CNP) are among the major service providers in these places.A flash flood warning was raised for Rutland in Vermont, primarily served by Energir unit Green Mountain Power.The NWS also issued flood warnings for certain pockets of Washington, Oklahoma, Louisiana, Iowa, and Indiana.

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Sectors

Sector Update: Energy

Energy stocks were higher late Monday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each adding 1%.The Philadelphia Oil Service Sector Index was climbing 3.8%, and the Dow Jones US Utilities Index fell 1.7%.Front-month West Texas Intermediate crude oil rose 0.6% to $91.06 a barrel, and the global benchmark Brent crude contract advanced 1.2% to $94.17 a barrel. Henry Hub natural gas futures fell 3% to $3.13 per 1 million BTU.In corporate news, Sempra (SRE) shares were down 2.2% after its infrastructure subsidiary said that it has named Bhavesh Patel as its new CEO. The appointment will become effective after the previously announced KKR-led (KKR) consortium's acquisition of a majority stake in the company closes, Sempra Infrastructure said.

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Sectors

Sector Update: Energy Stocks Fall Late Afternoon

Energy stocks were lower late Friday afternoon, with the NYSE Energy Sector Index down 0.9% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 1.2%.The Philadelphia Oil Service Sector Index was decreasing 0.7%, and the Dow Jones US Utilities Index was down 0.7%.In sector news, President Donald Trump said Friday on Truth Social that he is meeting now in the Situation Room to make a final determination on the memorandum of understanding between the US and Iran. The ceasefire would need to include reopening the Strait of Hormuz and dismantling Tehran's capacity to make a nuclear weapon, the president has said previously.Front-month West Texas Intermediate crude oil fell 1.5% to $87.60 a barrel, and the global benchmark Brent crude contract dropped 1.8% to $92.05 a barrel. Henry Hub natural gas futures climbed 5% to $3.04 per 1 million BTU.In corporate news, Chevron's (CVX) oil production at its Tengiz field in Kazakhstan dropped significantly on Tuesday after an accident, Reuters reported Friday, citing industry sources. Output fell to between 5,000 and 10,000 metric tons on Tuesday from typically 125,000 tons a day, according to the report. Chevron shares were shedding 0.4%.ReNew Energy Global (RNW) has received a non-binding proposal from Canada Pension Plan Investment Board and ReNew's CEO Sumant Sinha to buy shares not already owned by the consortium for $6.75 each in cash, the company said Friday. ReNew shares rose 2.1%.Exxon Mobil (XOM) is projecting oil prices to shoot up once again in the coming weeks when inventories reach record low levels, the company's senior vice president Neil Chapman said Thursday, according to a FactSet transcript. Exxon shares were down 0.9%.Sempra (SRE) is being urged by activist investor Voss Capital to spin off its Oncor electricity unit, Reuters reported. Voss Capital, which owns less than 1% of Sempra, has argued that a newly independent Oncor Electric Delivery Co. would become the highest-growth public transmission utility in the US and could be worth up to $78 billion by the end of 2028, the report said. Sempra shares were down 1.3%.

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Sectors

Sector Update: Energy

Energy stocks were lower late Friday afternoon, with the NYSE Energy Sector Index down 0.9% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 1.2%.The Philadelphia Oil Service Sector Index was decreasing 0.7%, and the Dow Jones US Utilities Index was down 0.7%.Front-month West Texas Intermediate crude oil fell 1.5% to $87.60 a barrel, and the global benchmark Brent crude contract dropped 1.8% to $92.05 a barrel. Henry Hub natural gas futures climbed 5% to $3.04 per 1 million BTU.In corporate news, Sempra (SRE) is being urged by activist investor Voss Capital to spin off its Oncor electricity unit, Reuters reported. Voss Capital, which owns less than 1% of Sempra, has argued that a newly independent Oncor Electric Delivery Co. would become the highest-growth public transmission utility in the US and could be worth up to $78 billion by the end of 2028, the report said. Sempra shares were down 1.5%.

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Wire

Market Chatter: Sempra Urged by Voss Capital to Spin Off Texas Electricity Unit Oncor

Sempra (SRE) is being urged by activist investor Voss Capital to spin off its Oncor electricity unit, Reuters said Thursday, citing sources familiar with the matter and a letter seen by the media outlet.Voss Capital, which owns less than 1% of Sempra, has argued that a newly independent Oncor Electric Delivery Company would become the highest-growth public transmission utility in the US and could be worth up to $78 billion by the end of 2028, the report said.With Sempra controlling about 80% of Oncor, its stake would be worth more than Sempra's current market value as a combined company, Voss said, according to Reuters.Sempra did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $89.01, Change: $-1.03, Percent Change: -1.14%

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Commodities

Market Chatter: Activist Investor Proposes Sempra to Spin Off Electric Utility Subsidiary Oncor

Voss Capital has asked California-based energy giant Sempra (SRE) to spin off its majority-owned utility subsidiary Oncor to create a Texas-focused utility and unburden it from Sempra's predominant California focus, Reuters reported Thursday, citing sources and a letter from the activist investor to investors.In the letter seen by Reuters, the Houston-based hedge fund said an independent Oncor has the potential to be the country's highest-growth public transmission utility and reach a valuation of almost $78 billion by 2028, which compares to Sempra's near $59 billion market capitalization.Sempra owns an 80% stake in Oncor and the value of its stake in an independent Oncor has the potential to be worth more than its current market value, Voss Capital said.Voss Capital owns about 2 million shares, or under 1% stake, in Sempra, Reuters reported.Sempra spent $9.45 billion in 2018 to acquire its stake in Oncor, which provides power to over 4 million homes and businesses in Texas through 144,000 miles of transmission lines, the report said.has reached out to Sempra and Voss Capital for comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Commodities

NWS Forecasts Dangerous Fire Weather Conditions Across Southern High Plains, Southwest US

The US National Weather Service on Sunday forecast dangerous fire weather conditions in the region stretching from the southern High Plains into the Southwest US, while heat is spreading across eastern US.Meanwhile, the region extending from the Great Lakes into the central/southern Plains is expected to experience Severe storms, including very large hail, strong tornadoes, and winds.The northern to central Rockies region is likely to encounter heavy late-season snow and cold temperatures.The NWS issued a red flag warning early Monday Raton, Clayton, Taos, Roy, Los Alamos, Santa Fe, Glenwood, Socorro, Ruidoso, Roswell, Portales, Clovis, Tucumcari, Santa Rosa, Las Vegas, Albuquerque, Moriarty, Orogrande, Carlsbad, Hobbs, Artesia, Alamogordo, Silver City, Lordsburg, Truth or Consequences, Deming, Antelope Wells, and Hatch.TXNM Energy (TXNM) unit Public Service Co. of New Mexico and Xcel Energy (XEL) are among the primary electricity suppliers in New Mexico.In Texas, a red flag warning was raised for El Paso, Fabens, Pine Springs, Van Horn, Seminole, Post, Lubbock, Guthrie, Aspermont, Canadian, Childress, and Vernon. These places are primarily served by Xcel Energy, American Electric Power's (AEP) Texas unit, and Sempra (SRE) unit Oncor.Oklahoma's Gage, Elk City, Beaver, Guymon, Altus, Hobart, and Boise City. OGE Energy (OGE) unit Oklahoma Gas & Electric and American Electric Power subsidiary Public Service Co. of Oklahoma are the major electric utility service providers in the state.Also covered under a red flag warning were the following areas in California: Reading, Shasta Dam, Red Bluff, Corning, Alder Springs, Paradise, Oroville, Marysville, Woodland, Auburn, Sacramento, Fairfield, Vallejo, Lodi, Stockton, Tracy, Modesto, Turlock, Merced, Los Banos, Madera, Fresno, Selma, Hanford, Coalinga, Avenal, Tulare, Porterville, Delano, Bakersfield, and Taft. These places are primarily served by PG&E (PCG) unit Pacific Gas and Electric Company and Edison International (EIX) unit Southern California Edison.In Kansas, where Evergy (EVRG) is among the major service providers, a red flag warning was raised for Ulysses, Dodge City, and Liberal. Meanwhile, a flood warning was raised for areas near Hays, St. Joseph, Leavenworth, Chillicothe, and Grant City, while an alert for flash flooding was raised for Russell and Lincoln.Colorado's Kim, Trinidad, and Springfield were also covered under a red flag warning watch. Meanwhile, a freeze warning was raised for Rangely, Meeker, Craig, while a winter storm warning is raised for Steamboat Springs and Kremmling. The primary service providers in the state are Xcel Energy and Black Hills unit (BKH) Black Hills Energy.A freeze warning was also raised for Utah's Duchesne, Nephi, Delta, Manti, Richfield, Milford, Ogden, Park City, Provo, and Cedar City. The state mostly falls under the service area of PacifiCorp unit Rocky Mountain Power.In Idaho, a freeze warning was raised for Twin Falls, Shoshone, Arco, Rigby, Hailey, Blackfoot, and Idaho Falls, primarily served by Idacorp (IDA) subsidiary Idaho Power.Also placed under a freeze warning watch were Wyoming's Douglas, Gillette, Wright, Bill, Glenrock, Lance Creek, Lusk, Glendo, Torrington, Wheatland, and Chugwater. Meanwhile, a winter storm warning was raised for Casper, Muddy Gap, Rawlins, Laramie, Centennial, Medicine Bow, Elk Mountain, Centennial, Dubois, Lander, Rock Springs, and Riverton. Rocky Mountain Power is the primary electricity provider in Wyoming.Nebraska's Harrison and Scottsbluff were also covered under a freeze warning watch.The NWS also issued flood warnings for certain pockets of Louisiana, Missouri, and Washington.

$AEP$BKH$EIX$EVRG$IDA$OGE$PCG$SRE$TXNM$XEL
Research

Research Alert: CFRA Reiterates Buy Opinion On Shares Of Sempra

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target by $14 to $107, based on 20.5x our next-12-month EPS estimate of $5.20, a premium to its five-year average of 17.3x and roughly in line with peers. We lower our 2026 EPS view by $0.18 to $5.11 and 2027 EPS by $0.12 to $5.53. SRE achieved major regulatory wins in Texas in Q1 2026, including approval of Oncor's base rate case with improved returns (9.75% ROE, 43.5% equity layer) and implementation of the UTM mechanism to reduce regulatory lag. Additionally, SRE submitted a 127 GW qualifying load forecast to ERCOT (4x Oncor's current 31 GW peak load), which we think highlights the growth potential from Texas data center demand. We note somewhat weaker investor sentiment for California utilities given the state's wildfire history and some indications of a tightening regulatory environment in the state. However, Texas is expected to represent nearly 60% of rate base by decade-end, with regulated utilities comprising roughly 95% of the earnings mix by 2027.

$SRE
Research

Research Alert: Sempra Q1 2026: Eps Meets At $1.51, Reaffirms Guidance, Asset Sales Progress

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Sempra reported Q1 2026 adjusted EPS of $1.51, up 4.9% and in line with consensus, while revenues of $3.655B declined 3.9% and missed estimates by 11.3% due to lower natural gas revenues at Sempra California. Strong operating performance across utility segments included Sempra Texas earnings up 17.1% to $171M and Sempra Infrastructure earnings rising 18.7% to $216M. We view positively the company's execution of its record $65B five-year capital plan targeting 11% rate base CAGR through 2030, with $3.0B deployed in Q1. Management reaffirmed full-year 2026 EPS guidance of $4.80-5.30 and 2027 guidance of $5.10-5.70, maintaining 7%-9% long-term growth targets. We expect the pending SI Partners and Ecogas transactions to close in Q2-Q3 2026, enabling debt paydown and improving credit metrics while shifting the business mix to 95% regulated utilities. In our view, Sempra remains well-positioned for sustainable earnings growth with strong infrastructure investment and balance sheet optimization initiatives.

$SRE
US Markets

Stocks Rise Pre-Bell as Traders Monitor Developments on Potential US-Iran Peace Deal

US equity markets were moving higher before the opening bell Thursday as investors monitor the latest developments over a potential peace deal between the US and Iran.The S&P 500 and the Dow Jones Industrial Average were up 0.1% each, while the Nasdaq was slightly in the green in premarket activity. The indexes finished Wednesday trading higher, with the S&P 500 and the Nasdaq recording their highest close ever and biggest one-day percentage gains since April 8.President Donald Trump told reporters on Wednesday that the US has had "very good talks" with Iran over the past 24 hours, but said there's no deadline on when he expects Tehran to respond to a US proposal to end the war, according to CNN.American and Iranian officials are closing in on a one-page memorandum of understanding to end the war and establish a framework for nuclear negotiations, Axios reported Wednesday, citing sources.In a separate social media post on Wednesday, Trump said US operations against Iran will be "at an end" if Tehran agrees to US demands. "If they don't agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before," Trump said.Iran is expected to give mediators its response to the proposal on Thursday, a regional source told CNN.West Texas Intermediate crude oil dropped 2.2% to $93.03 a barrel before the open, while Brent decreased 2.1% to $99.14."A deal announcement would move futures further immediately, in fact even the potential of a deal is already triggering a decline in oil prices," Rystad Energy Chief Oil Analyst Paola Rodriguez-Masiu said in remarks emailed to. The physical market's recovery won't be as quick as the futures market predicts, Rodriguez-Masiu said, pointing to a six-to-eight-week lag between the strait reopening and oil flows normalizing.Treasury yields were down in premarket action, with the two-year rate retreating 2.3 basis points to 3.85% and the 10-year rate off 2 basis points to 4.33%.Shares of DoorDash (DASH) jumped 10% pre-bell after the food delivery company reported first-quarter earnings ahead of Wall Street's estimates. Warner Bros. Discovery (WBD) nudged 0.5% lower, while Snap (SNAP) fell 10% following their latest quarterly results.McDonald's (MCD), Sempra (SRE), Vistra (VST), Datadog (DDOG), Becton Dickinson (BDX), Tapestry (TPR) and US Foods (USFD) report their latest financial results before the bell, among others. Gilead Sciences (GILD), McKesson (MCK), Cloudflare (NET), Airbnb (ABNB), Monster Beverage (MNST) and CoreWeave (CRWV) are scheduled to announce their earnings after the markets close.Employers in the US announced 83,387 layoffs last month, up 38% from March, Challenger, Gray & Christmas said Thursday.Thursday's economic calendar also has the weekly jobless claims bulletin at 8:30 am.On Wednesday, ADP data showed that employment in the US private sector grew at its fastest pace in more than a year in April. The government's nonfarm payrolls report is out on Friday.Federal Reserve Bank of Minneapolis President Neel Kashkari is slated to speak at 1 pm, while Cleveland Fed President Beth Hammack speaks at 2:05 pm. New York Fed President John Williams' remarks are due at 3:30 pm.Gold increased 1% to $4,740 per troy ounce, while bitcoin declined 0.7% to $80,844.

Dow JonesNasdaq CompositeS&P 500$ABNB$BDX$CRWV$DASH$DDOG$GILD$MCD$MCK$MNST$NET$SNAP$SRE$TPR$USFD$VST$WBD
Wire

Morgan Stanley Adjusts Sempra Price Target to $104 From $105, Maintains Overweight Rating

Morgan Stanley Adjusts Sempra Price Target to $104 From $105, Maintains Overweight Rating

$SRE

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