Core Insights - The U.S. natural gas price has been on an upward trend since April 2024, driven by record LNG exports and planned increases in export capacity, which the EIA forecasts will double by 2029, limiting domestic supply for consumers [1] - Rising natural gas consumption is primarily due to the expansion of natural gas-fired power plants, which have nearly tripled electricity generation from natural gas since 2001, making it the leading fuel source for electricity in the U.S. at 43% [4] - The shale revolution has led to significant growth in the chemical industry, utilizing natural gas for producing agricultural chemicals and plastics [5] Industry Trends - The current administration's "energy dominance" policies aim to maximize production and exports while reducing energy costs, but the latter is facing challenges as rising consumption leads to increased costs for consumers [3] - The natural gas industry projects continued growth in domestic production, but independent analyses suggest a plateau and eventual decline in production, creating a supply squeeze as LNG exports rise [7] - The chemical industry, particularly in agricultural chemicals and plastics, has expanded significantly due to the availability of cheap natural gas, which has been a key driver of growth in this sector [5]

Core Points - Energean Israel has formalized a 15-year agreement with Israel Natural Gas Lines (INGL) for the transportation of up to one billion cubic meters of gas annually through the Nitzana pipeline to the Egyptian border [1] - The operational status of the Nitzana pipeline is contingent upon the completion of transmission agreements among Energean, Leviathan, and Tamar, with a deadline of 36 months from the signing date for functionality [2] - Energean Israel will cover 16.4% of the construction costs for the pipeline and compression station, approximately $100 million, primarily financed through a $70 million unsecured ten-year loan from Bank Hapoalim [3] - Energean's CEO emphasized the company's position as a key regional player focused on advancing export opportunities from Israeli assets [4] - The Israeli Ministry of Energy supports expanding gas exports to strengthen the market, and the agreement is seen as a milestone for growth in annual gas sales [5] - Energean has also signed a non-binding term sheet with an East Mediterranean client for natural gas sales, pending an export permit [5] - In July 2025, Energean and INA announced a final investment decision to develop the Irena gas field off the coast of Croatia [6]

Energy Policy & Production - US aims to double natural gas exports in the next five years [1] - Potential for another doubling of US natural gas exports in 5-10 years if demand exists [1] Future Technology - US hopes to achieve nuclear fusion power generation and grid connection in 8-15 years [1]

Core Viewpoint - TotalEnergies has reported a $4.5 billion increase in costs for its liquefied natural gas (LNG) project in Mozambique, which has been on hold for four years, and is seeking adjustments to its production agreement [1] Group 1: Cost Implications - The total cost increase for the LNG project in Mozambique amounts to $4.5 billion over the four-year period it was inactive [1] Group 2: Production Agreement - TotalEnergies is requesting modifications to its production agreement in light of the increased costs associated with the LNG project [1]

Core Insights - Analysts project Oneok Inc. (OKE) will report quarterly earnings of $1.45 per share, reflecting a 22.9% year-over-year increase, with revenues expected to reach $9.42 billion, an 87.5% increase from the same quarter last year [1]. Earnings Estimates - The consensus EPS estimate has been revised upward by 1% over the past 30 days, indicating a collective reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts estimate 'Revenues- Natural Gas Gathering and Processing' at $1.32 billion, a 45.6% increase year-over-year [5]. - 'Revenues- Natural Gas Pipelines' are projected to reach $285.30 million, reflecting a 66.8% year-over-year increase [5]. - 'Revenues- Refined Products & Crude' are expected to be $1.85 billion, indicating a 92% increase year-over-year [5]. - 'Revenues- Natural Gas Liquids' are forecasted to be $2.84 billion, showing a decrease of 22.7% from the prior-year quarter [6]. Production and EBITDA Estimates - 'Raw feed throughput - Natural Gas Liquids' is expected to reach 1,542.23 thousand barrels of oil per day, up from 1,324.00 thousand barrels of oil per day a year ago [6]. - 'Adjusted EBITDA- Natural Gas Liquids' is projected at $769.06 million, compared to $624.00 million in the same quarter last year [7]. - 'Adjusted EBITDA- Natural Gas Pipelines' is expected to be $181.14 million, up from $166.00 million in the same quarter of the previous year [7]. - 'Adjusted EBITDA- Natural Gas Gathering and Processing' is estimated at $568.09 million, compared to $318.00 million in the same quarter last year [8]. Stock Performance - Oneok shares have decreased by 5% over the past month, contrasting with the Zacks S&P 500 composite's increase of 1.3% [8].

November Nymex natural gas (NGX25) on Thursday closed down by -0.106 (-3.07%). Nov nat-gas prices retreated on Thursday from a greater-than-expected build in weekly nat-gas storage.  The EIA reported on Thursday that nat-gas inventories rose +87 bcf in the week ended October 17, above expectations of +83 bcf and the five-year average of +77 bcf. More News from Barchart A mixed weather forecast also undercut nat-gas prices on Thursday after forecaster Atmospheric G2 said forecasts shifted cooler in the ...

Core Viewpoint - National Fuel Gas Company is set to release its fourth quarter and full year fiscal 2025 earnings results on November 5, 2025, after market close, with a conference call scheduled for November 6, 2025, at 9:00 a.m. ET to discuss the results [1]. Company Information - National Fuel Gas Company is a diversified energy company headquartered in Western New York, operating an integrated collection of natural gas assets across four business segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility [3]. - Additional information about the company can be found on its website [3]. Conference Call Details - Participants must pre-register to join the conference call, and a webcast link will be available on the NFG Investor Relations website [2]. - A replay of the conference call will be accessible until the end of the day on November 13, 2025, with specific dial-in instructions provided [2]. - Contact information for investor relations and media inquiries is available, including names and phone numbers of key personnel [2].

Core Insights - EQT Corporation reported third-quarter 2025 adjusted earnings from continuing operations of 52 cents per share, exceeding the Zacks Consensus Estimate of 47 cents and significantly up from 12 cents in the same quarter last year [1][8] - Adjusted operating revenues rose to $1,753 million from $1,383 million year-over-year, although it fell short of the Zacks Consensus Estimate of $1,804 million [1][8] Sales Volume and Prices - Total sales volume increased to 634 billion cubic feet equivalent (Bcfe) from 581 Bcfe year-over-year, but missed the estimate of 638 Bcfe [4] - Natural gas sales volume was 596 Bcf, up from 547 Bcf in the prior year, but below the estimate of 604 Bcf [4] - Average realized price for natural gas equivalent was $2.76 per thousand cubic feet (Mcfe), up from $2.38 year-over-year [5] - The average natural gas price, including cash-settled derivatives, was $2.66 per Mcf, an increase from $2.23 [5] - The natural gas sales price was $3.24 per Mcf, higher than $2.27 recorded a year ago [5] - Oil price was $49.12 per barrel, down from $61.25 year-over-year, and below the estimate of $50.07 [6] Expenses and Cash Flow - Total operating expenses were $1.36 billion, down from $1.57 billion in the prior-year quarter [7] - Adjusted operating cash flow totaled $1.22 billion, up from $522 million a year ago [9] - Free cash flow was $601 million, a significant improvement from a negative free cash flow of $121 million in the same period of 2024 [9] Dividend and Capital Expenditure - EQT announced a quarterly cash dividend of 16.50 cents per share, reflecting a sequential increase of approximately 5% [3][8] - Total capital expenditure was $618 million, higher than $558 million reported a year ago [10] Guidance - For Q4 2025, EQT expects total sales volume to be between 550 and 600 Bcfe [11] - The total sales volume forecast for 2025 has been updated to 2,325-2,375 Bcfe [11] - Capital expenditures for Q4 are projected to be in the range of $635-$735 million, with full-year expectations of $2,300-$2,400 million [11]

Core Insights - JERA, through its subsidiary JERA Americas, has signed a $1.5 billion agreement to acquire full interests in the South Mansfield upstream asset in the Haynesville Shale basin, Louisiana, aligning with its strategy to diversify and strengthen its asset portfolio [1][5] Acquisition Details - The Haynesville asset currently produces over 500 million standard cubic feet per day (mscf/d) and includes 200 undeveloped locations, with plans to increase production to one billion standard cubic feet per day (bscf/d) through future investments [2] - The acquisition is supported by existing infrastructure and proximity to Gulf Coast LNG and data centers [2] Strategic Importance - JERA Americas CEO highlighted that the acquisition is a strategic addition to the asset portfolio, enhancing supply chain expertise and commitment to America's energy future [3] - The transaction involves Williams divesting its minority interest for $398 million, with deferred payments until 2029 based on development milestones [3][4] Management and Operations - GEP Haynesville II will sell its majority interest but will continue to manage the asset under a Contract Operating Agreement, while Williams will maintain its role in gathering natural gas to support increased production [4] - The transaction is expected to close by the end of 2025, pending customary closing conditions and approval from the Committee for Foreign Investments in the US [4] Market Positioning - The acquisition extends JERA's presence in the US, complementing existing power generation assets and LNG offtake agreements, enhancing diversification for JERA's LNG value chain and overall risk mitigation in a volatile energy market [5] - JERA's strategic priorities are reinforced by this acquisition, aiming to provide a stable and secure energy supply globally [6] Related Developments - Separately, Williams has partnered with Woodside Energy to invest in the Louisiana LNG project, acquiring an 80% stake in the Driftwood Pipeline, which includes a commitment to supply 1.5 million tonnes per annum of LNG [6]

Core Insights - JERA, a major Japanese power generation company, is set to acquire natural gas assets in the Haynesville basin for $1.5 billion, aiming to increase its investment in U.S. gas [1][2] Group 1: Acquisition Details - The assets being acquired produce approximately 500 million cubic feet of natural gas daily and include 200 undeveloped locations, with a provision to increase output to 1 billion cubic feet daily [2] - The acquisition aligns with JERA's strategy to enhance its asset portfolio and commitment to the U.S. energy market [6] Group 2: Broader Investment Context - JERA is also exploring significant investments in the Alaska LNG project, which is valued at $44 billion, as part of a trade agreement with the U.S. that involves purchasing $7 billion worth of U.S. energy commodities [3][4] - The Alaska LNG project is designed to have a capacity of 20 million tons of liquefied natural gas annually, with transportation via an 800-mile pipeline to the Gulf of Alaska [5] Group 3: Strategic Implications - JERA's CEO emphasized that the acquisition is a strategic move to leverage the company's supply chain expertise and strengthen its role in America's energy future [6]