Energy (-3.3% YTD) is among the nine sectors of the stock market in the red so far in the year, with only Utilities (+3.6%) and Consumer Staples (+4.6%) in the green. Natural gas at the Waha hub--a regional pricing hub for gas in the Permian Basin in West Texas--sold for near-zero or sub-zero prices for much of 2024, a trend that has continued in the current year. The Williams Companies Inc. (NYSE:WMB) is one of the largest energy infrastructure companies in the United States, operating 33,000 miles of pipelines in total, which it says account for a third of the transported gas in the U.S.
Author: Alex Kimani
Published at: 2025-04-27 21:00:00
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