MDU Resources Group (FRA:MRE) Natural Gas Storage Capacity (Bcf) : 0.00 (As of . 20)

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What is MDU Resources Group Natural Gas Storage Capacity (Bcf)?

Natural Gas Storage Capacity (Bcf) is the maximum volume of natural gas that can be stored at the storage facility. The utility storage is important, since it's the midstream opportunities that offer investors the potential for profit.

The historical rank and industry rank for MDU Resources Group's Natural Gas Storage Capacity (Bcf) or its related term are showing as below:

FRA:MRE's Natural Gas Storage Capacity (Bcf) is not ranked ^*
in the Conglomerates industry.
Industry Median:
* Ranked among companies with meaningful Natural Gas Storage Capacity (Bcf) only.

MDU Resources Group Natural Gas Storage Capacity (Bcf) Historical Data

The historical data trend for MDU Resources Group's Natural Gas Storage Capacity (Bcf) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MDU Resources Group Natural Gas Storage Capacity (Bcf) Chart

MDU Resources Group (FRA:MRE) Natural Gas Storage Capacity (Bcf) Explanation

A natural gas storage is a facility that can store natural gas for an indefinite period of time. Natural gas storages are typically located underground, that’s why they are called underground gas storages or UGS as well. The main function of gas storages is to inject and store natural gas at a time of low prices and/or low demand and use the gas by withdrawing at times of higher prices and/or higher demand.

Why is utility storage important to investors?

Each week, the U.S. Energy Information Administration releases its natural gas storage report. This report highlights the change in working gas storage. A dramatic drawdown of inventory can lead to a jump in the price of natural gas and, conversely, a buildup in storage is a bearish indicator. By tuning into the storage numbers, investors can see one of the driving forces behind natural gas prices.

It is also used to quantify the energy produced (or potentially produced) by a company's reserves, as well as what is actually delivered to customers. Investors will look at this figure to understand how much earning potential a producer in the space may have.

MDU Resources Group Natural Gas Storage Capacity (Bcf) Related Terms

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MDU Resources Group (FRA:MRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » MDU Resources Group Inc (FRA:MRE) » Definitions » Natural Gas Storage Capacity (Bcf)

Comparable Companies

Traded in Other Exchanges

MDU:USA

Address

1200 West Century Avenue, P.O. Box 5650, Bismarck, ND, USA, 58506-5650

Website

https://www.mdu.com

MDU Resources Group Inc operates in five business segments, which includes: Electric segment, which generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming; The natural gas distribution segment distributes natural gas in those states, as well as in Idaho, Minnesota, Oregon and Washington; The pipeline segment provides natural gas transportation and underground storage services through a regulated pipeline system primarily in the Rocky Mountain and northern Great Plains regions of the United States; The construction materials and contracting segment mines, processes and sells construction aggregates (crushed stone, sand, and gravel); produces and sells asphalt mix, and supplies ready-mixed concrete; and The construction services segment.

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