01:46 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 down 0.2% at $73.04 a barrel while the global benchmark Brent crude contract was down 0.1% at $76.97 a barrel. Henry Hub natural gas futures dropped 4% to $3.12 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.

NextEra Energy ( NEE ) shares dropped 4.5%. The company said Tuesday it continues to expect adjusted per-share earnings of $3.45 to $3.70 for 2025 and $3.63 to $4 for 2026. Analysts polled by FactSet expect $3.68 and $4.01, respectively.

Enlight Renewable Energy ( ENLT ) shares shed 0.4% after it said Tuesday it has agreed to sell a 44% stake in a partnership that holds the Sunlight cluster of Israeli renewable energy projects to Harel Insurance Investments & Financial Services and Amitim Senior Pension Funds.