Weather

6-10 Day Outlook For Sep 15 - 19 2026 map

8-14 Day Outlook For Sep 17 - 23 2026 map

Gas-weighted HDD, next 7 days: 5 total (0, 0, 1, 1, 1, 1, 1)

Pop-weighted CDD, next 7 days: 70 total (12, 10, 9, 10, 10, 10, 9)

HDD/CDD vs. normal: no free source (CPC normals file not located; forecast level shown instead)

Natural gas

Henry Hub front month $2.82 (-3.2%, 1.7σ)

↳ Henry Hub front month declined 3.2% as traders await the EIA storage report, with broader market pressure evident despite selective cash strength in the Permian.

Front/second (V26/X26): -0.129 - contango

Widow-maker H27/J27: +0.125 (H 2.873 / J 2.748)

Storage 3254 Bcf (+40 w/w, +114 vs 5-yr, -79 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

CAISO SP15 DA $76.37 (prev $51.92) - heat rate 27.1 (prev 17.8) - spark $55.21 (prev $30.05)

ERCOT North DA $41.99 (prev $40.59) - heat rate 14.9 (prev 13.9) - spark $20.82 (prev $18.72)

PJM West DA $53.29 (prev $42.45) - heat rate 18.9 (prev 14.6) - spark $32.12 (prev $20.58)

Global gas & carbon

JKM $24.68/MMBtu +1.2%

Cargo arb JKM−HH: $21.86/MMBtu; TTF−HH $24.17

CCA / RGGI allowances: no free source (no free daily marks)

Crude

WTI $96.05 (+3.2%, 1.7σ)

Brent $101.21 (+3.4%, 1.8σ)

Energy equities

NRG $115.37 (-3.6%, 1.2σ)

↳ NRG Energy stock fell 3.6% with no clear catalyst in the headlines linking to the decline, though an insider sale and modest pre-open dip are noted.

KMI $31.41 (-1.8%, 1.1σ)

↳ Kinder Morgan declined 1.8% despite company targeting $1.4B in new gas projects; underperformance versus peers suggests market-wide headwinds rather than company-specific news.

EQT $54.63 (-0.9%, 0.9σ)

↳ EQT Corp dipped 0.9% despite analyst support including a new Stifel Buy rating and a long-term LNG offtake commitment with Ignitis Grupe, suggesting broader sector weakness.

DVN $48.98 (+1.2%, 0.7σ)

↳ Devon Energy gained 1.2% following Stifel's resumption of coverage with a higher price target and advancement alongside the oil group.

WMB $75.15 (-0.9%, 0.5σ)

↳ Williams Companies fell 0.9% after a federal court overturned a key New Jersey permit for the NESE pipeline project, creating permitting risk for the company.

Quiet: CEG -1.7% · TLN -1.9% · NVDA -0.9% · RRC -0.4% · VST -0.4% · AR +0.1% · LNG -0.0%