trending Market Intelligence /marketintelligence/en/news-insights/trending/1VXkH8YvhQ25V_qPcJHu4A2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Thursday's Energy Stocks: NGL Energy dives 20%, utilities gain

Essential Energy Insights - September, 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Bull market leaves US utilities behind in August

Utilities, midstream reckon with energy transformation on the horizon

Thursday's Energy Stocks: NGL Energy dives 20%, utilities gain

Broader markets posted mixed results Thursday, Aug. 3, while energy sectors retreated on a busy day of second-quarter earnings reports.

The Dow Jones Industrial Average increased 0.04% to 22,026.10, while the S&P 500 finished down 0.22% at 2,472.16. The SNL Energy Index decreased 0.43% to 292.79.

NGL Energy Partners LP shares dipped 20% on five times the average volume to close at $9.80 after the company reported a net loss of $63.7 million for the first quarter of fiscal 2018, compared to net income for the first quarter of fiscal year 2017 of $182.8 million.

Antero Resources Corp. stock lost 4.28% after a brisk session to settle at $19.01 after reporting a loss of $5.1 million in the quarter. The results were a sharp reduction from the $569 million in loss it posted in the same quarter a year ago. Analysts remain worried about the impact of Rover Pipeline LLC's construction delays.

Enterprise Products Partners LP booked $653.7 million in second-quarter net income attributable to limited partners, an increase from $558.5 million in the corresponding quarter last year. The company's shares decreased 1.47% to $26.84 on low volume.

Spectra Energy Partners LP stock added 0.40% value to close at $45.72 on slightly above-average volume. Spectra reported second-quarter 2017 ongoing net income from controlling interests of $357 million, rising from $293 million in the year-ago quarter.

Shell Midstream Partners LP reported $65.5 million of net income attributable to the partnership in the second quarter, down from $70.8 million in the prior quarter. Shell Midstream shares shed 0.82% after an active session to close at $27.91.

The SNL Midstream Energy Index slipped 1.55% to end the day at 114.12.

The coal industry had a lackluster day with the SNL Coal Index losing 2.92% to finish at 64.45. Westmoreland Coal Co. shares plummeted 13.79% to settle at $3.69 on heavy volume after reporting a second-quarter net loss of $50.5 million, compared to a net loss of $29.4 million in the year-ago period.

Ormat Technologies Inc. stock decreased 4.81% to $57.64 on active trading. Ormat posted an 8.5% year-over-year increase in second-quarter adjusted EBITDA to $88.1 million, from $81.2 million a year earlier.

NRG Energy Inc. recorded a $13 million year-over-year drop in second-quarter adjusted EBITDA to $685 million from $698 million in the comparable quarter of 2016. The company shares declined 2.00% to $23.98 on thin volume.

NRG Yield Inc. units increased 0.82% on light volume to $18.40 after releasing second-quarter 2017 adjusted EBITDA of $270 million, a $13 million year-over-year increase from $257 million in the corresponding quarter of 2016.

SCANA Corp. shares retreated 2.70% to $65.34 on active volume after releasing second-quarter 2017 earnings of $121 million, compared with $105 million for the corresponding quarter of 2016.

Dynegy Inc. shares declined 7.03% to $8.07 on high volume and First Solar Inc. lost 2.73% to end at $47.30 after a slow session. The SNL Merchant Generator Index retreated 1.98% to 97.22.

UGI Corp. slipped 5.10% to $48.17 on heavy volume after releasing quarterly results after market hours on Aug. 2. UGI reported adjusted net income of $16.6 million, for the third quarter of fiscal 2017, a sharp decrease from $40.0 million in the comparable quarter of fiscal 2016.

Duke Energy Corp. recorded second-quarter 2017 adjusted EPS of $1.01, compared with adjusted EPS of $1.07 for the comparable quarter of 2016. Duke's shares climbed 0.90% to finish at $86.51 on active volume.

CenterPoint Energy Inc. shares added 1.06% to close at $28.47 on average volume after reporting second-quarter 2017 adjusted net income on a guidance basis of $125 million, or 29 diluted cents per share, compared to $73 million, or 17 cents per share in the second quarter of 2016.

The SNL Electric Company Index inched up 0.68% to 484.78.

NYMEX September natural gas futures were higher ahead of and immediately following the midmorning release of weekly storage data, hitting a $2.846/MMBtu high before sinking to a $2.793/MMBtu low and settling 1.1 cents lower on the session at $2.800/MMBtu, the lowest settlement since March 1.

Market prices and index values are current as of the time of publication and are subject to change.