Weather

6-10 Day Outlook For Oct 19 - 23 2026 map

8-14 Day Outlook For Oct 21 - 27 2026 map

Gas-weighted HDD, next 7 days: 54 total (3, 5, 7, 13, 11, 8, 7)

Pop-weighted CDD, next 7 days: 22 total (6, 5, 4, 2, 1, 2, 2)

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

Natural gas

Henry Hub front month $3.28 (+3.7%, 1.2σ)

↳ Henry Hub rallied 3.7% as market participants balanced LNG strength supporting prices against bearish weather forecasts that typically weigh on demand.

Front/second (X26/Z26): -0.319 - contango

Widow-maker H27/J27: +0.108 (H 2.805 / J 2.697)

Storage 3500 Bcf (+85 w/w, +22 vs 5-yr, -131 vs yr-ago)

Production (marketed, monthly proxy 2026-07): 125.2 Bcf/d, +5.2% 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 $37.99 (prev $26.13) - heat rate 11.6 (prev 8.2) - spark $13.37 (prev $2.37)

CAISO SP15 DA $31.61 (prev $41.39) - heat rate 9.6 (prev 13.1) - spark $6.99 (prev $17.64)

Global gas & carbon

TTF €87.22/MWh (~$28.47/MMBtu) +3.4% (+3.4%, 1.0σ)

JKM $26.27/MMBtu +0.7%

Cargo arb JKM−HH: $22.99/MMBtu; TTF−HH $25.19

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

Crude

WTI $94.14 (+0.4%, 0.2σ)

Brent $105.69 (-0.9%, 0.4σ)

Energy equities

EQT $54.43 (+2.3%, 1.2σ)

↳ EQT rose 2.3% after securing a 10-year gas deal and reporting a $100 million derivative gain for Q3 2026, alongside better-than-expected quarterly profits on higher natural gas prices.

LNG $286.92 (+1.6%, 1.2σ)

↳ LNG gained 1.6% as analyst price target increases from Jefferies and UBS, coupled with institutional buying activity, pushed sentiment higher on the LNG exporter.

AR $37.54 (+2.7%, 1.0σ)

↳ Antero Resources climbed 2.7%, with analyst consensus showing a $48.11 average price target implying upside, though recent director share grants do not explain the intraday move.

KMI $33.43 (+1.1%, 0.9σ)

↳ Kinder Morgan advanced 1.1% after resuming US-Mexico gas deliveries following Tennessee Gas Pipeline repairs, restoring critical cross-border flow capacity.

NVDA $228.52 (+1.0%, 0.7σ)

↳ Nvidia's modest 1.0% gain reflects offsetting pressures from data-center debt concerns and positive momentum from new Vera Rubin chip architecture and expanding AI data-center infrastructure demand.

Quiet: DVN +2.6% · RRC +2.6% · VST +2.7% · WMB +0.5% · NRG +0.8% · TLN +0.6% · CEG +0.6%