LNG +0.4% (0.2σ) | HH $2.97 | 10 others
Weather
6-10 Day Outlook For Sep 13 - 17 2026 map
8-14 Day Outlook For Sep 15 - 21 2026 map
Gas-weighted HDD, next 7 days: 3 total (0, 0, 0, 0, 1, 1, 1)
Pop-weighted CDD, next 7 days: 72 total (10, 12, 12, 10, 9, 10, 9)
HDD/CDD vs. normal: no free source (CPC normals file not located; forecast level shown instead)
Natural gas
Henry Hub front month $2.97 (+2.1%, 1.1σ)
↳ Henry Hub strength is driven by strong LNG demand and regional heat supporting prices toward the $3.00 resistance level.
Front/second (V26/X26): -0.120 - contango
Widow-maker H27/J27: +0.140 (H 2.907 / J 2.767)
Storage 3214 Bcf (+30 w/w, +139 vs 5-yr, -48 vs yr-ago)
Production (marketed, monthly proxy 2026-06): 123.6 Bcf/d, +4.6% 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 $32.32 (prev $35.18) - heat rate 10.9 (prev 12.1) - spark $10.00 (prev $13.34)
PJM West DA $78.66 (prev $92.04) - heat rate 26.4 (prev 31.6) - spark $56.35 (prev $70.19)
CAISO SP15 DA $32.22 (prev $29.62) - heat rate 10.8 (prev 10.2) - spark $9.91 (prev $7.77)
Global gas & carbon
TTF €71.95/MWh (~$24.53/MMBtu) +0.2% (+0.2%, 0.1σ)
JKM $24.02/MMBtu -0.3%
Cargo arb JKM−HH: $21.05/MMBtu; TTF−HH $21.55
CCA / RGGI allowances: no free source (no free daily marks)
Crude
WTI $91.48 (+0.2%, 0.1σ)
Brent $96.28 (+0.8%, 0.4σ)
Energy equities
LNG $292.00 (+0.4%, 0.2σ)
Cheniere Energy stock declined 4.3% despite positive operational news, as broader risk-off sentiment weighed on equities today. Simultaneously, Bechtel announced substantial completion on a Texas LNG project—likely Cheniere's expansion—which typically signals nearterm export capacity coming online. This operational progress should eventually support future cash flows and LNG pricing, but today's macro risk-off environment overrode those fundamentals. The transmission to LNG prices appears indirect: equity weakness doesn't immediately move spot or forward contracts, but production capacity additions do eventually increase supply availability, potentially capping regional pricing over coming quarters. Saudi Arabia's Central Bank and California State Teachers both expanded holdings despite the selloff, suggesting institutional confidence in long-term value. Watch whether Bechtel's completion triggers actual production ramp announcements in coming weeks—that's when market participants will price in incremental supply hitting the market.
- Cheniere Energy (LNG) Slides 4.3% as Risk-Off Trading Overshadows Recent Operational Progress - Quiver Quantitative
- Bechtel reaches substantial completion on Texas LNG project - Yahoo Finance
- Saudi Central Bank Boosts Stock Holdings in Cheniere Energy, Inc. $LNG - marketbeat.com
CEG $298.96 (+4.9%, 2.5σ)
↳ Constellation Energy's outperformance reflects investor focus on whether rising grid demand from data centers and AI infrastructure can offset utility rate pressures.
NRG $119.02 (+6.4%, 2.4σ)
TLN $317.00 (+3.8%, 1.2σ)
↳ Talen Energy's gain lacks clear fundamental explanation in the provided headlines, which focus on broader industry trends rather than company-specific drivers.
DVN $48.06 (-1.5%, 0.8σ)
↳ Devon Energy's slight decline contradicts positive institutional cash flow sentiment, suggesting the market may be digesting post-Coterra integration dynamics or broader oil price weakness not captured in these headlines.
Quiet: VST +3.5% · EQT -0.8% · RRC -0.9% · KMI -0.6% · AR -0.7% · NVDA +0.8% · AMZN -0.2% · WMB +0.1%