Energy shares were mixed in pre-market trade Monday as crude oil futures advanced.
Light, sweet crude oil for December delivery was up 0.27% at $79.44 per barrel. In other energy futures, heating oil was up 0.59% at $2.42 per gallon while natural gas was up 4.78% at $3.38 British thermal units.
In other energy news, Boardwalk Pipeline ( BWP ) Monday said that higher operating earnings for Q3 ended September 30 reduced its profit but is still in line with the market's call, with revenues stronger than expected.
The operator of gas pipeline systems said net income attributable to shareholders was $29.2 million, or $0.12 per diluted share, down sharply from last year's $62.3 million, or $0.21 per diluted share. If comparable, net income for the quarter was in line with the mean estimate of $0.12 per share provided by Capital IQ. The decrease in earnings came from a rise in operating expenses to $210.4 million from $172.3 million.
Shares in the company were unchanged at $17.12 during Monday's pre-market trading session. Over the past 52 weeks, the company has traded between $11.99 and $30.77.
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