Sector Update: Energy Stocks Fall Tuesday Afternoon

02:16 PM EDT, 10/27/2026 (MT Newswires) -- Energy stocks were lower Tuesday afternoon, with the NYSE Energy Sector Index falling 1.8% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 2.1%. The Philadelphia Oil Service Sector Index was up 0.7%, and the Dow Jones US Utilities Index was increasing 0.2%. Front-month West Texas Intermediate crude oil fell 1.7% to $100.05 a barrel, and the global benchmark Brent crude contract shed 1.6% to $113.98 a barrel. Henry Hub natural gas futures rose 3.3% to $2.69 per 1 million BTU. In corporate news, CMS Energy (CMS) shares fell 1% after its Q3 operating revenue missed analyst estimates. The company reported Q3 adjusted earnings Tuesday of $1.44 per diluted share, up from $0.93 a year earlier. Analysts polled by FactSet expected $1.35. Operating revenue for the quarter was $2.18 billion, compared with $2.02 billion a year earlier. Analysts expected $2.23 billion. Energy Fuels (UUUU) shares jumped past 7% after it said late Monday it has received conditional approval for up to 180 million Australian dollars ($126.4 million) in commitments to back construction of phase 1 of the Donald rare earth and mineral sands Project in Victoria, Australia. TotalEnergies (TTE) completed the sale of its 10% non-operated interest in the Renaissance joint venture licenses in Nigeria to Vaaris for $800 million, the company said. TotalEnergies shares were down 1%. Noble (NE) shares fell past 5% after it reported that it swung to a Q3 adjusted loss amid a decline in revenue.