The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

1202 ET - SLB's acquisition of Kelvion adds scale and breadth to its data-center business strategy, Melius Research analysts James West and Sanskriti Reddy say. The deal is expected to double SLB's revenue opportunity per gigawatt of delivered capacity. SLB's business was already on track to hit a $2 billion revenue run-rate or more by the end of 2027, the analysts say. Kelvion adds $1.2 billion to $1.3 billion of data center revenue alone, they note. SLB now anticipates data center revenue will be $4.5 billion to $5 billion, which the analysts say is roughly 10% of total company revenue. Shares are up 2.6%. (katherine.hamilton@wsj.com)

1123 ET - Algonquin Power & Utilities' sale of its stake in Chilean water utility Suralis to Toesca for $126.5 million is a positive step toward streamlining its geographic footprint. Scotiabank's Robert Hope says the sale of its 64% stake supports "management's ongoing focus on its core U.S.-regulated utility operations." While the business represented about 4% of Algonquin's revenue, the analyst estimates the effects on EPS to be "neutral." It does, however, improve Algonquin's credit metrics, he adds. Hope thinks this might be the first of a number of other noncore divestitures, including "Bermuda utility (BELCO - $525m rate base) and smaller water utilities." (adriano.marchese@wsj.com)

1011 ET - Canadian energy stocks lead the few gainers on the TSX after flare ups of fighting in the Middle East push oil prices higher. Crude oil is up 3% following U.S. strikes on Iranian rocket launch sites in the Strait of Hormuz. The higher price lifts Canada's major oil producers, with Vermilion Energy, Athabasca Oil, Strathcona Resources, Suncor and Cenovus among the top performs, rising 3.5%, 2.4%, 1.7%, 2.6% and 2.6%, respectively. The energy sector has experienced volatile trading in recent weeks as crude prices swing on shifting geopolitical tensions in the key oil-producing and exporting region. (adriano.marchese@wsj.com)

0859 ET - Treasury yields rise alongside crude prices following a U.S. military attack against Iran over the weekend. Brent is up 3%, at $91 a barrel. Markets price 64% odds of a Fed hike in September, according to CME, reacting to Chairman Warsh's hawkish statements on Friday. Economists surveyed by WSJ expect August payrolls to increase by 50,000, following July's 23,000 decrease, with unemployment steady at 4.1%. The data are due Friday. The 10-year yield reaches 4.754%, up from 4.710% overnight. The two-year rises to 4.344% from 4.232%. (paulo.trevisani@wsj.com; @ptrevisani)

0815 ET - Oil futures rise after the U.S. attacked Iranian rocket launchers, renewing military action in the Persian Gulf for the first time in weeks. "The longer geopolitical uncertainty and supply disruptions continue, the tighter the market gets, keeping upward pressure on crude," Nikos Tzabouras of Tradu says in a note. But the U.S. may have limited appetite for broader military action with its shift in focus to economic measures against Tehran and its enablers, he adds. Although below prewar levels, crude is finding its way out of the Middle East and with lower consumption the market could return to balance, he adds. WTI is up 3.4% at $86.21 a barrel, and Brent is 3.1% higher at $90.85. (anthony.harrup@wsj.com)

0442 ET - Physical oil flow through the Strait of Hormuz rather than military escalations will determine oil prices, Phillip Nova analyst Priyanka Sachdeva says in a note. After shipping activity through the Strait has already fallen sharply, oil prices are vulnerable to sharp moves in both directions, she notes. However, if tanker traffic continues and crude flows remain relatively resilient, the geopolitical premium can fade quickly, the analyst says. "Any evidence of a sustained blockage, attacks on tankers or disruption to loading terminals would fundamentally change the equation," she adds. Front-month West Texas Intermediate crude oil futures rose 2.7% to $85.63 per barrel and front-month Brent crude oil futures added 2.7% to $90.50 a barrel. (sherry.qin@wsj.com)

0313 ET - Bangchak Corp.'s positive earnings outlook is reinforced by its investor forum, UOB Kay Hian's Arsit Pamaranont says in a research report. Management aims to boost the petroleum and energy conglomerate's Ebitda to 100 billion baht by 2030 from 36 billion baht in 2025, with its strategy increasingly focused on maximizing value from existing businesses. Its trading business was another positive surprise, with management targeting trading Ebitda of roughly 1.6 billion baht in 2027 and 5 billion baht by 2031 after trading Ebitda reached 1.05 billion baht in 1H 2026. The brokerage raises the stock's target price to 65.00 baht from 52.00 baht to reflect valuation roll-forward, with unchanged buy rating. Shares are 0.5% higher at 55.00 baht.