03:32 PM EDT, 05/15/2025 (MT Newswires) -- Energy stocks were mixed late Thursday afternoon, with the NYSE Energy Sector Index shedding 0.1% and the Energy Select Sector SPDR Fund (XLE) up 0.3%.

The Philadelphia Oil Service Sector index dropped 2.1%, while the Dow Jones US Utilities index rose 2.3%.

Front-month West Texas Intermediate crude oil fell 2.2% to $61.78 a barrel, and the global benchmark Brent crude contract dropped 2.2% to $64.65 a barrel.

US natural gas stocks rose by 110 billion cubic feet in the week ended May 9, as expected in a survey compiled by Bloomberg and following an increase of 104 billion cubic feet in the previous week.

Henry Hub natural gas futures were 3.7% lower at $3.36 per 1 million BTU.

In corporate news, New Fortress Energy ( NFE ) shares tumbled 65%. The company reported a Q1 loss late Wednesday of $0.73 per diluted share, swinging from earnings of $0.26 a year earlier. Three analysts polled by FactSet expected a loss of $0.25. Revenue for the quarter was $470.5 million, down from $690.3 million a year earlier. Four analysts surveyed by FactSet expected $575.3 million.