May 7, 2025--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Happier days returned for natural gas producers in the first quarter, as a colder-than-average start to the first quarter, coupled with robust export volumes of liquefied natural gas (LNG), led to strong demand, higher prices and increased earnings. Quarterly spot prices at Henry Hub, Louisiana, averaged about $4.15 per million British thermal units (MMBtu) in the just-completed quarter, approximately $2.02 per MMBtu higher than the first quarter of 2024 and $1.50 per MMBtu higher than the first quarter of 2023, according to data from the U.S. Energy Information Administration (EIA).
First-quarter net earnings rose for four large U.S. gas-oriented independent oil and gas producers: EQT Corporation (NYSE:EQT) (Pittsburgh, Pennsylvania), Range Resources Corporation (NYSE:RRC) (Fort Worth, Texas), Antero Resources Corporation (NYSE:AR) (Denver, Colorado) and Coterra Energy Incorporated (NYSE:CTRA) (Houston, Texas).
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