This month, Senior Portfolio Manager Rob Thummel covers the latest market shifts:

• Market Recap: Energy dips while the S&P 500 hits near-record highs
• Permian Update: U.S. production grows despite weaker oil prices
• Energy Infrastructure: Positioned for long-term demand from AI and LNG
• AI Capex: Big Tech raises 2025 spending forecasts to $335B
• Utilities: Growth estimates climb with data center load forecasts
• Power Buildout: Behind-the-meter energy projects on the rise

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This month, Head of Investments Matt Sallee shares timely insights into the energy sector’s evolving landscape:

• Market Moves: S&P gains 8% in Q3; energy and utilities keep pace.
• Midstream Check: Trails early in Q3, rebounds to end slightly positive.
• Capital Markets: Energy infrastructure IPO activity gains traction.
• Strategic Deals: Sempra sharpens focus, secures $10B via asset sale.
• AI Infrastructure: Oracle and Stargate plans total over $800B in projects.
• Power Demand: 10 GW of new capacity targeted—nearly NYC’s peak usage.

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This month, Senior Portfolio Manager James Mick covers key energy developments:

• Market Performance: Energy equities stay resilient despite crude and gas weakness
• Midstream Activity: Strategic M&A gains steam in the Permian
• Natural Gas Buildout: Project momentum grows with new pipelines and power demand
• Capex Outlook: Sector investment ramps to support AI-driven energy use
• AI Infrastructure: Nvidia forecasts $3–4T in AI-related capex through 2030

Listen in for a timely market update and energy sector insights.

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This month, Senior Portfolio Manager Brian Kessens highlights key themes driving the energy sector:

• Market Performance: Utilities lead; energy and power sectors outperform.
• Midstream Earnings: Beats from TC Energy, Enbridge; guidance trending higher.
• Capex Outlook: Project pipeline accelerating with stronger permitting support.
• M&A Activity: MPLX and Baker Hughes expand strategically.
• Upstream Trends: More output with less capex; Haynesville picks up steam.
• Power Constraints: Utilities stress grid buildout as AI load growth continues.

Listen in for a timely market update and energy sector insights.

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This month, Senior Portfolio Manager & Market Strategist Rob Thummel shares timely insights on:

• Sector Performance: Utilities and midstream remain standouts
• Geopolitical Risk: Iran-Israel tensions drive sharp swings before stabilizing
• Demand Shift: Why electricity is the new oil
• Capex Highlights: Meta’s new Ohio data center
• Corporate Moves: Cheniere’s LNG capcacity & Plains' $3.75B sale
• M&A Buzz: Shell–BP merger

Listen in for a pulse check on the energy market and implications for investors.

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This month, Senior Portfolio Manager Matthew Sallee covers key energy market moves:

• Market Check: Utilities and midstream gain ground
• Earnings Pulse: Strong beats across power and gas
• Gas Deals: NRG’s $12B acquisition and Vistra’s $1.9B deal
• AI Demand: Data centers fuel infrastructure optimism
• OPEC & Oil: Supply shifts meet geopolitical tension
• Nuclear Policy Shift: Executive orders aim to accelerate innovation

Listen in for a breakdown of what’s driving energy markets now.

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This month, Senior Portfolio Manager Brian Kessens breaks down the latest energy market developments: 

• Market Moves: Crude drops 19% in April; midstream outperforms.
• Tariff Fallout: China spares key U.S. energy exports—ethane exempted.
• OPEC+ Impact: Supply push could drive oil to the low $50s.
• Earnings Pulse: Solid results, new gas projects tied to data center demand.
• Quick Hits: Buybacks rise, utility capex steady, LNG demand may climb.

Listen in for a breakdown of the market forces reshaping energy today. 

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This month, Senior Portfolio Manager James Mick breaks down key energy market themes:

• Market Performance: Natural gas up 7.4%, energy stocks rise.
• Tariff Talk: New U.S. tariffs spark inflation concerns.
• Energy Strategy Shift: Reshoring boosts U.S. energy momentum.
• Crude Snapshot: OPEC+ supply moves and sanctions pressure oil supply.
• Quick Hits: Gas inventories fall, prices swing 70%, and inflation escalators in play.

Listen in for a breakdown of how policy shifts and market forces are shaping the energy landscape.

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This month, Senior Portfolio Manager Rob Thummel breaks down the latest energy market shifts:

• Performance: Natural gas prices surged 30%, driving sector gains despite broader market declines.
• AI’s Energy Impact: Big Tech’s projected $300B in 2025 capex, with utilities forecasting long-term growth.
• Capex Trends: Big Oil majors plan over $100B in 2025 capital spending.
• LNG Boom: U.S. LNG exports expected to nearly double, securing America’s dominance in global energy markets.
• Quick Hits: Energy Transfer’s AI data center natural gas deal, Dominion Energy’s 88% surge in contracted data center capacity, and small modular nuclear reactors traction.

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This month, Senior Portfolio Manager Matt Sallee covers key energy market updates:

• Market Performance: AI-fueled energy demand drives infrastructure growth.
• Natural Gas Expansion: Major investments from Constellation, NextEra, and Chevron signal a shift toward gas-powered generation.
• Kinder Morgan’s Outlook: $3.3 billion in new natural gas pipeline projects, with demand forecasted to grow 30% by 2030.
• Energy Tariffs: Trump’s executive orders impose tariffs on Canadian and Mexican imports, impacting refiners, with the situation continuing to evolve.
• Quick Hits: DeepSeek’s AI model shakes energy markets, Meta and Microsoft reaffirm AI infrastructure spending, and Venture Global’s $1.8 billion IPO signals renewed capital market activity.

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