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Expand Energy reported a surprise quarterly profit and forecast flat production for 2025. US natural gas prices have stayed under pressure from high storage and lukewarm demand, partly offset by producer shut-ins after Hurricane Helene.
Its average gas sales price fell year on year but rose 10.6% from the prior quarter.
Flat producer output guidance suggests supply growth will stay limited, which may support gas prices. Gas costs feed through to nitrogen fertilizer and energy-related feed input costs.
reuters.comSourasis BoseOct 29, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
