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Strength in Realizations to Fuel Impressive YoY GainsĬonsidering the sharp rise in oil and gas prices, the picture looks rather upbeat for the Q3 earnings season. In other words, natural gas traded noticeably higher in all three months. Coming to 2021, the fuel traded at $3,84, $4.07 and $5.16 per MMBtu in July, August and September, respectively. Henry Hub average natural gas prices were $1.77 per MMBtu in July and rose to $2.30 in August before tumbling to $1.92 in September. The news is even better on the natural gas front. In 2021, average prices were $72.49 in July, $67.73 in August and $71.65 in September, i.e., much stronger year over year.
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Energy Information Administration, in July, August and September of 2020, the average monthly WTI crude price was $40.71, $42.34 and $39.63 per barrel, respectively. So, how does the price of oil and gas compare with the year-ago period?Īccording to the U.S. Investors should know that there is a high correlation between commodity prices and the earnings of energy companies. Commodity Prices Soar Versus Year-Ago Period Before going into the details of the upcoming releases, let’s take a look at the factors affecting the quarterly results and the report card so far. We are entering the thick of the Q3 earnings season for Oil/Energy, with a host of companies, including BP plc BP and EOG Resources EOG, expected to come up with results by the end of this week.