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Oracle Shares Drop as New Mexico Gas Pipeline Delay Impacts Project Jupiter Data Center

Oracle shares fell nearly 4% on Friday after a regulatory filing revealed a six-month delay for the Green Chile Project, a natural gas pipeline essential for powering the company's massive Project Jupiter data center in New Mexico. The pipeline, operated by Transwestern Pipeline, was originally scheduled to be in-service by August 15, but the new completion date is February 1, 2027. This delay threatens the timeline for the 2.5-gigawatt gas-powered fuel cell complex, which is expected to deliver up to 400 million cubic feet of natural gas per day. While the delay is a setback, Oracle continues to pursue its transformation into an AI infrastructure powerhouse. The company is currently managing significant capital expenditures and lease commitments, while also pursuing a multi-year quantum computing partnership with Quantinuum. Despite the pipeline delay, Oracle remains committed to Project Jupiter, which is projected to generate over $4.7 billion in long-term economic impact and create thousands of jobs in Doña Ana County. The company's stock remains under pressure as it balances heavy investment with ambitious growth targets.

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