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 Essential Utilities's Natural Gas Storage Capacity (Bcf) or its related term are showing as below:
WTRG's Natural Gas Storage Capacity (Bcf) is not ranked *
in the Utilities - Regulated industry.
Industry Median: * Ranked among companies with meaningful Natural Gas Storage Capacity (Bcf) only.
Essential Utilities Natural Gas Storage Capacity (Bcf) Historical Data
The historical data trend for Essential Utilities'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.
* Premium members only.
Essential Utilities Annual Data
Trend
Dec19
Dec20
Dec21
Dec22
Dec23
Natural Gas Storage Capacity (Bcf)
Competitive Comparison
For the Utilities - Regulated Water subindustry, Essential Utilities's Natural Gas Storage Capacity (Bcf), along with its competitors' market caps and Natural Gas Storage Capacity (Bcf) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Essential Utilities (NYSE:WTRG) 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.
Essential Utilities Natural Gas Storage Capacity (Bcf) Related Terms
Thank you for viewing the detailed overview of Essential Utilities's Natural Gas Storage Capacity (Bcf) provided by GuruFocus.com. Please click on the following links to see related term pages.
Essential Utilities (Essential Utilities) Business Description
Essential Utilities is a Pennsylvania-based holding company for U.S. water, wastewater, and natural gas distribution utilities. The company's water business serves 3 million people in eight states. Nearly three fourths of its water earnings come from Pennsylvania, primarily suburban Philadelphia. Its Peoples subsidiary serves more than 700,000 gas distribution customers in Pennsylvania and Kentucky. Essential exited its noncore competitive water and energy services businesses.
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