01:27 PM EST, 01/28/2025 (MT Newswires) -- Energy stocks were lower Tuesday afternoon, with the NYSE Energy Sector Index falling 1.2% and the Energy Select Sector SPDR Fund (XLE) dropping 1.3%.

The Philadelphia Oil Service Sector index declined 1.9%, and the Dow Jones US Utilities index shed 1.7%.

Front-month West Texas Intermediate crude oil was fractionally higher at $73.20 a barrel while the global benchmark Brent crude contract was slightly lower at $77.07 a barrel. Henry Hub natural gas futures dropped 5.3% to $3.50 per 1 million BTU.

In corporate news, XPLR Infrastructure ( NEP ) shares fell past 29%. The company reported a Q4 loss Tuesday of $1.08 per diluted unit, swinging from a profit of $1.20 a year earlier. XPLR also said it's shifting to a model in which it uses retained operating cash flows to fund investments and is suspending distributions to shareholders for an indefinite period.