KMI +3.5% (2.5σ) | HH $2.84 | 12 others
Weather
6-10 Day Outlook For Sep 02 - 06 2026 map
8-14 Day Outlook For Sep 04 - 10 2026 map
Gas-weighted HDD, next 7 days: 0 total (0, 0, 0, 0, 0, 0, 0)
Pop-weighted CDD, next 7 days: 83 total (12, 11, 11, 11, 12, 13, 13)
HDD/CDD vs. normal: no free source (CPC normals file not located; forecast level shown instead)
Natural gas
Henry Hub front month $2.84 (+2.6%, 1.2σ)
↳ Natural gas front month rallied 2.6% as market participants positioned ahead of an expected bullish EIA storage print, though headlines also reference mild weather headwinds and a $3 resistance level capping gains.
Front/second (U26/V26): -0.032 - contango
Widow-maker H27/J27: +0.131 (H 2.926 / J 2.795)
Storage 3184 Bcf (+15 w/w, +149 vs 5-yr, -33 vs yr-ago)
Production (marketed, monthly proxy 2026-05): 121.8 Bcf/d, +3.8% y/y
Regional basis (Waha, Algonquin, SoCal, TZ6, AECO): no free source (no free daily marks)
LNG feedgas noms (Sabine, Corpus, Freeport, Plaquemines): no free source (pipeline EBB data is paid)
Power burn (daily): no free source (weekly/monthly only)
Power
ERCOT North DA $45.84 (prev $35.48) - heat rate 16.1 (prev 12.8) - spark $24.52 (prev $14.70)
PJM West DA $40.04 (prev $35.19) - heat rate 14.1 (prev 12.7) - spark $18.73 (prev $14.41)
CAISO SP15 DA $71.39 (prev $70.07) - heat rate 25.1 (prev 25.3) - spark $50.07 (prev $49.29)
Global gas & carbon
TTF €65.63/MWh (~$22.42/MMBtu) -1.4% (-1.4%, 0.4σ)
JKM $22.94/MMBtu -1.6%
Cargo arb JKM−HH: $20.10/MMBtu; TTF−HH $19.58
CCA / RGGI allowances: no free source (no free daily marks)
Crude
WTI $82.23 (-0.2%, 0.1σ)
Brent $87.84 (-0.8%, 0.2σ)
Energy equities
KMI $32.02 (+3.5%, 2.5σ)
Kinder Morgan rallied 3.5% on Q2 results and updated guidance that reshaped near-term outlooks, alongside a joint venture announcement. The company also benefited from geopolitical risk premiums, with analysts noting oil strength amid Strait of Hormuz concerns adding tailwinds to energy infrastructure valuations. The move transmits through two channels: improved cash generation visibility from the guidance refresh supports dividend confidence and valuation multiples on midstream assets, while crude volatility lifts throughput demand across KMI's pipeline network, particularly for oil transport capacity relative to its natural gas exposure. Watch KMI's midstream volume metrics in August shipping reports—particularly crude movement through Gulf Coast systems. Investors comparing KMI to Enbridge note the latter's heavier LNG positioning; if near-term oil volatility fades while LNG demand stays elevated, that relative narrative could pressure the recent outperformance.
- Enbridge seen as better buy than Kinder Morgan amid strong natural gas and LNG demand growth - Pluang
- AI Infrastructure Dividend Powerhouses: Why Enbridge Beats Kinder Morgan (NYSE:KMI) - Seeking Alpha
- Kinder Morgan stock extends Q2 strength as guidance and joint venture reshape the outlook - Ad-hoc-news.de
Meta capex signal (capex)
Meta capex signal shows Australia's data center spending has hit an air pocket, signaling a potential slowdown in capex deployment despite AI infrastructure demand.
- Australia’s Capex Drops as Data Center Spending Hits Air Pocket - Bloomberg.com
WMB $74.41 (+4.7%, 2.8σ)
↳ Williams Companies climbed 4.7% following an upgraded earnings outlook coupled with the broader natural gas price rally, while multiple institutional investors established new positions.
EQT $54.79 (+1.5%, 1.0σ)
↳ EQT rose 1.5% as AI-driven power demand narratives support natural gas sentiment and Q2 2026 guidance, though an operational water spill incident in Greene County adds a complication.
LNG $284.08 (+1.9%, 0.9σ)
↳ Cheniere Energy (LNG) rose 1.9% as US LNG expansions accelerate amid market uncertainty and US natural gas firmed near one-month highs ahead of weekly inventory data.
Quiet: NVDA -1.6% · RRC +1.4% · AR +1.5% · NRG +2.2% · VST +0.7% · CEG +0.4% · TLN -0.4% · DVN -0.2%