With Energy (XLE) down 1.9%, this looks like a sector-led move rather than a company-specific surprise.
The energy sector declined significantly as crude oil prices extended their losses on Tuesday. The primary driver is the continued de-escalation of tensions between the U.S. and Iran, with both countries pausing military strikes over the weekend, which has increased expectations for a diplomatic resolution. A potential easing of conflict in the Middle East reduces the geopolitical risk premium that was built into oil prices, leading to a broad sell-off in oil and gas stocks. The sector's performance is directly tied to the falling price of its underlying commodity.