Sector Update: Energy Stocks Higher Monday Afternoon

01:46 PM EST, 11/09/2026 (MT Newswires) -- Energy stocks advanced Monday afternoon, with the NYSE Energy Sector Index rising 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.9%. The Philadelphia Oil Service Sector Index was climbing 1.4%, and the Dow Jones US Utilities Index was up 1.9%. Front-month West Texas Intermediate crude oil fell 3.6% to $87.56 a barrel, and the global benchmark Brent crude contract dropped 4.9% to $93.49 a barrel. Henry Hub natural gas futures rose 5.9% to $3.17 per 1 million BTU. In corporate news, NRG Energy (NRG) shares jumped 9% after it said Monday it has agreed to sell six natural gas generation assets to LS Power for $4 billion in cash. Constellation Energy (CEG) shares climbed past 9% after it reported Q3 adjusted operating earnings on Monday of $5.06 per share, up from $3.04 a year earlier. Analysts polled by FactSet expected $3.90. Kodiak Gas Services (KGS) shares gained 4.8% after it reported higher Q3 adjusted earnings and revenue. Sable Offshore (SOC) shares fell 57% after the company missed Q3 estimates and said its crude oil sales were halted by the only downstream client in early October due to ongoing storage tank upgrades.