Broader indexes ended the Thursday, Dec. 14, session in the red, with the energy sector posting mixed results.
The Dow Jones Industrial Average winning streak ended as the benchmark closed 0.31% lower at 24,508.66. The S&P 500 Index also ended in negative territory, down 0.41% at 2,652.01. The SNL Energy Index increased 0.01% to finish the day at 290.65.
In the midstream sector, LINN Energy Inc. shares rose 3.14% to close at $37.75 on high volume after announcing plans to separate into three stand-alone companies by mid-2018.
Southwestern Energy Co. shed 4.68% to close at $5.29 on active volume, NGL Energy Partners LP shares lost 2.81% to end the day at $13.85 on above-average volume and QEP Resources Inc. shares fell 2.48% to finish the day at $8.64 on slow volume.
SemGroup Corp. stock rose 2.19% to end the day at $27.95 on heavy volume, Summit Midstream Partners LP shares added 2.44% to wrap up at $20.95 on strong volume and Cheniere Energy Inc. gained 2.76% to close at $49.82, also in brisk trading.
The SNL Midstream Energy Index increased 0.58% to close at 108.06.
In merchant generation, Vistra Energy Corp. registered up to $1.79 billion of its 104,539,852 common shares in connection with its pending merger with Dynegy Inc. Vistra shares retreated 1.20% to close at $17.24 on average volume and Dynegy stock lost 1.35% to finish at $11.00 on light volume.
Ormat Technologies Inc. saw its stock price decline 2.31% to $61.45 on heavy volume, Covanta Holding Corp.'s shares shed 1.32% to close at $14.90 on about average volume.
NRG Energy Inc. shares lost 1.67% to close at $27.68 on slim volume. The company announced early results of its cash tender offer to purchase any and all of the $869.2 million outstanding aggregate principal amount of its 6.625% senior notes due 2023.
Among top gainers in the sector, SunPower Corp.'s shares spiked 4.66% to end the session at $8.99 on light volume, 8point3 Energy Partners LP shares added 2.94% to close at $14.73 on high volume, NextEra Energy Partners rose 2.40%, reaching $42.18 at close on average volume and Pattern Energy Group Inc. shares climbed 2.06% to finish an average session at $21.85.
The SNL Merchant Generator Index shed 0.28% to close at 103.06.
Among electric utilities, Otter Tail Corp. saw shares decrease 1.86% to $44.90 on brisk volume, and Hawaiian Electric Industries Inc. lost 1.37% to close at $36.71 after an active day. The SNL Electric Company Index gained 0.18% to close at 495.74.
In the coal sector, Warrior Met Coal Inc. stock decreased 3.03%, ending the session at $23.39 on brisk volume. Alliance Holdings GP LP shed 1.84% to end the day at $24.58 on above-average volume. The SNL Coal Index dropped 0.54% to 66.06.
Trading from $2.643/MMBtu to $2.717/MMBtu on the session, NYMEX January 2018 natural gas futures eased on Thursday amid profit taking even after the release of a larger-than-expected withdrawal from storage.
Market prices and index values are current as of the time of publication and are subject to change.