Danish Energy Trader Eyes U.S. Gas Markets After Trading Profits Collapse

Goldman Sachs-backed Danish energy trader InCommodities is expanding into U.S. physical natural gas markets after profits plunged as volatility faded across European energy markets, Bloomberg reported on Monday.

The company reported fiscal 2025 pre-tax profit of €2.95 million ($3.41 million), down from €72.5 million a year earlier and well below its original target range of €85 million to €195 million.

InCommodities attributed the decline largely to calmer market conditions that reduced trading opportunities and compressed…