We expect lower crude oil prices to weigh on the company’s year-on-year earnings growth. The average West Texas Intermediate crude oil spot price declined by almost 8% year-on-year during the third quarter on rising supplies and falling global demand growth estimates. However, spot Henry Hub natural gas prices were up more than 11% y-o-y during the last three months, which should partially offset the impact of lower crude oil prices.

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Topics:  west texas intermediate   henry hub   anadarko   quarter   earnings   higher   oil prices   crude   natural   gas   year-on-year   growth   spot   expect   
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