Chemicals maker Dow beats third-quarter profit estimates

The U.S. Nuclear Regulatory Commission issued a construction permit for Dow's Long Mott Generating Station, a four-reactor Xe-100 project in Texas. The project, developed with X-energy, will deliver 320 MW of electricity and 800 MW of thermal output. Dow and X-energy plan to make a final investment decision in 2027, with construction starting afterward. The Department of Energy has committed up to $2.15 billion in support.

The U.S. Nuclear Regulatory Commission approved a construction permit for X-energy's four Xe-100 reactors at Dow's Texas site, marking the first advanced nuclear facility permitted for an industrial site in the U.S. The project, pending Dow's investment approval, aims to provide 320 MW of electricity and high-temperature steam for Dow's operations, with construction potentially starting later this decade.

X-energy and Dow received a U.S. NRC construction permit for four small reactors in Texas, replacing aging equipment at a Dow chemical plant. The permit clears a key regulatory hurdle, but Dow must still decide on investment and obtain an operating license. The reactors, designed by X-energy, aim to supply power and steam in the early 2030s, with Dow evaluating the project's business competitiveness and capital requirements.

The Nuclear Regulatory Commission approved a construction permit for Dow and X-energy's four-reactor Xe-100 plant in Texas. The project, at Dow's Seadrift Operations, is the first NRC permit for a high-temperature gas-cooled reactor in nearly 60 years. Dow may decide on investment in 2027, with construction starting later and first delivery targeted for the early 2030s.

The U.S. Nuclear Regulatory Commission approved a construction permit for X-energy's four Xe-100 reactors at Dow's Texas site. The project, part of the U.S. Department of Energy's program, aims to provide electricity and steam to Dow's operations. Dow expects to make a preliminary investment decision in 2027, with construction starting afterward. X-energy's CEO noted the approval came earlier than expected.

Dow Inc. stock rose 2.7% to $33.49 after better-than-expected Q3 earnings, with $11.27B revenue and $0.71 EPS. Analysts raised price targets. The company guided Q4 EBITDA at $1.5B. Broader market recovery and cost-saving initiatives supported the rally.