This month, Head of Investments Matt Sallee covers key energy market developments:
- Market Performance: Energy leads the S&P; midstream delivers strong gains.
- Weather Impacts: Winter Storm Fern drives price spikes, production losses.
- Infrastructure Strain: PJM proposes reforms amid supply shortfalls.
- Capex Surge: AI demand fuels infrastructure, power, and gas pipeline growth.
- Earnings Season: Positive results from OFS, power turbine, and gas names.
- M&A: Devon and Coterra announce $58B merger in the Delaware Basin.
PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS
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The S&P 500® Index is an unmanaged, market-value weighted index of stocks that is widely regarded as the standard for measuring large-cap U.S. stock market performance. The Alerian Midstream Energy Index is a broad-based composite of North American energy infrastructure companies. The capped, float-adjusted, capitalization-weighted index, whose constituents earn the majority of their cash flow from midstream activities involving energy commodities, is disseminated real-time on a price-return basis (AMNA) and on a total-return basis (AMNAX). The S&P 500® Utilities comprises those companies included in the S&P 500 that are classified as members of the GICS® utilities sector.
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trends/developments in the industry.