09:37 AM EST, 11/03/2025 (MT Newswires) -- Energy stocks were mixed in early Monday trading, with The Energy Select Sector SPDR Fund ( XLE ) down 0.1%.

The United States Oil Fund ( USO ) was up 0.1%, and The United States Natural Gas Fund ( UNG ) was 1.4% higher.

Front-month US West Texas Intermediate crude oil was down 0.2% at $60.86 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil retreated 0.2% to $64.66 per barrel. Natural gas futures were up 1.3% at $4.18 per 1 million British Thermal Units.

SM Energy ( SM ) and Civitas Resources ( CIVI ) said they have signed a definitive merger agreement for an all-stock transaction. The deal values the combined entity at about $12.80 billion, inclusive of both companies' net debt, according to the companies. SM Energy ( SM ) shares fell more than 1%, while Civitas Resources ( CIVI ) shares were up more than 3% in early Monday trading.

Kosmos Energy ( KOS ) stock was down more than 3% after the company swung to a Q3 adjusted loss and posted lower revenue.

Hess Midstream (HESM) shares rose more than 1% after the company posted higher Q3 earnings and revenue.