WMB -4.9% (3.7σ) | HH $3.24 | 6 others
Weather
6-10 Day Outlook For Oct 21 - 25 2026 map
8-14 Day Outlook For Oct 23 - 29 2026 map
Gas-weighted HDD, next 7 days: 66 total (7, 13, 12, 10, 8, 8, 8)
Pop-weighted CDD, next 7 days: 13 total (4, 2, 1, 1, 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 $3.24 (+1.2%, 0.4σ)
Front/second (X26/Z26): -0.297 - contango
Widow-maker H27/J27: +0.096 (H 2.736 / J 2.640)
Storage 3567 Bcf (+67 w/w, -2 vs 5-yr, -145 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)
Baker Hughes rig count: no free source (published as web XLSX, fetch not wired yet)
Power
ERCOT North DA $49.36 (prev $52.83) - heat rate 15.3 (prev 16.5) - spark $25.09 (prev $28.85)
PJM West DA $81.67 (prev $213.92) - heat rate 25.2 (prev 66.9) - spark $57.40 (prev $189.93)
CAISO SP15 DA $34.70 (prev $34.69) - heat rate 10.7 (prev 10.8) - spark $10.43 (prev $10.70)
Global gas & carbon
TTF €86.43/MWh (~$28.43/MMBtu) -0.8%
JKM $26.53/MMBtu +0.6%
Cargo arb JKM−HH: $23.30/MMBtu; TTF−HH $25.20
CCA / RGGI allowances: no free source (no free daily marks)
Crude
WTI $97.97 (+3.0%, 1.4σ)
Brent $105.92 (-0.1%, 0.1σ)
Energy equities
WMB $69.22 (-4.9%, 3.7σ)
Williams Companies shares dropped 4.9% to $69.22, erasing $3.8 billion in market value in a single session. The headlines don't specify a triggering event, but the magnitude suggests either earnings disappointment, guidance revision, or broader midstream sector pressure. Without disclosed catalysts in these summaries, the move may reflect macroeconomic concerns affecting infrastructure valuations or energy demand outlooks. The transmission to price operates through investor repricing of WMB's cash flow stability—midstream companies trade on predictable distributions and growth, so any uncertainty around throughput volumes, NGL prices, or capital discipline creates immediate equity selloff. A 3.7-sigma move indicates institutional repositioning, not retail noise. Watch for management commentary on 2025 volume guidance and any LNG export takeaway capacity changes, since WMB's growth depends on Permian and Gulf Coast export infrastructure utilization rates.
- If You Invested $1000 In Williams Companies Stock 5 Years Ago, You Would Have This Much Today - Benzinga
- Williams Companies Inc (WMB) Shares Fall 4.9% -- GF Value Says S - GuruFocus
- Williams Companies (WMB) Drops 4.2%, Shedding $3.8 Billion in One Session - 24/7 Wall St.
NVDA $217.23 (-1.8%, 1.1σ)
DVN $49.24 (-1.4%, 0.8σ)
NRG $102.86 (+2.0%, 0.7σ)
LNG $279.15 (-0.2%, 0.1σ)
Quiet: KMI -1.6% · RRC -1.0% · CEG -1.6% · VST +1.6% · TLN -1.3% · EQT -0.6% · AR -0.5%
Friday recall
Close the email and answer out loud. Answers at the very bottom.
- Where did Henry Hub close each day this week?
- What's the widow-maker (Mar/Apr) spread into the weekend?
- Where did SP15 day-ahead print this week?
- What was Thursday's storage number vs. the 5-year?
- HH: Mon 3.17 Tue 3.28 Wed 3.20 Thu 3.24
- H/J: +0.096
- SP15: Mon 41.39 Tue 31.61 Wed 34.69 Thu 34.70
- Storage: +67 Bcf to 3567 (-2 vs 5-yr)