# Australia's Macquarie reaps windfall profits from U.S. winter freeze

> Australia's Macquarie reported large trading windfalls from the U.S. winter freeze. Real-time Texas gas prices rose more than 300 times during the storms, and power prices reached $8,800/MWh in some areas. Consumers in Texas face very high utility bills as a result.

- Date: 2021-02-22 · published 2021-02-22T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/48842-australia-s-macquarie-reaps-windfall-profits-from-u-s-winter-freeze
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

The extreme volatility shows how sharply weather-driven supply shocks can spike energy prices, but the story itself has limited direct impact on feed commodity prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-02-12 | [Record cold brings a windfall for small U.S. natural gas producers](https://feedsoft.ai/events/5581-record-cold-brings-a-windfall-for-small-u-s-natural-gas-producers.md) | -9.6% | -39.2% |
| NATGAS | 2026-02-02 | [Winter freeze cut US LNG output in January; imports from Trinidad helped fill gap \| Reuters](https://feedsoft.ai/events/20795-winter-freeze-cut-us-lng-output-in-january-imports-from-trinidad-helped-fill.md) | -30.8% | -46.8% |
| NATGAS | 2022-01-03 | [U.S. natural gas prices rise as cold freezes wells \| Reuters](https://feedsoft.ai/events/43321-u-s-natural-gas-prices-rise-as-cold-freezes-wells-reuters.md) | +2.6% | +37.9% |
| NATGAS | 2022-02-02 | [U.S. Natural Gas Skyrockets as Market Awaits Freeze-Offs \| Financial Post](https://feedsoft.ai/events/9224-u-s-natural-gas-skyrockets-as-market-awaits-freeze-offs-financial-post.md) | -16.0% | -7.5% |
| NATGAS | 2021-10-25 | [U.S. natural gas prices soar 10% as cold winter forecasts develop](https://feedsoft.ai/events/11757-u-s-natural-gas-prices-soar-10-as-cold-winter-forecasts-develop.md) | +5.2% | -4.0% |

## Sources

- reuters.com: https://www.reuters.com/article/business/australias-macquarie-reaps-windfall-profits-from-us-winter-freeze-idUSKBN2AM0DD/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.