U.S. natural gas storage is on track to end the April-October summer injection season at a three-year low of 3.841 trillion cubic feet (tcf) on October 31, 2026, according to analysts’ estimates.
That compares with a two-year low of 3.929 tcf at the end of October in 2025 and a five-year (2021-2025) average of 3.782 tcf.
Looking ahead, analysts estimate stockpiles are on track to end the November 2026-March 2027 winter withdrawal season at a five-year low of 1.780 trillion cubic feet (tcf) on March 31, 2027.
That compares with a two-year high of 1.906 tcf of gas in storage at the end of the winter withdrawal season in 2026 and a five-year (2022-2026) average of 1.859 tcf.
The 375 active storage fields in the Lower 48 states had a design capacity of 4.683 tcf in November 2025, according to the latest federal data available.
The following lists analysts’ storage estimates in trillion cubic feet with the most recent estimates on top:
Company Oct 31, Oct 31, Mar 31, Mar 31, Date
2026 2026 2027 2027
tcf tcf tcf tcf
Current Previous Current Previous Citi Research 3.764 3.967 1.938 2.170 Sep 28 EBW Analytics 3.889 3.873 Sep 28 LSEG 3.814 3.891 1.443 1.663 Sep 28 U.S. EIA 3.969 3.985 1.893 1.907 Sep 9 Guernsey ~4.000 4.090 Jul 19 TPH&Co ~4.100 3.870 Jul 14 Bank of America 3.760 3.834 1.846 1.870 Jul 9 Goldman Sachs 3.630 Jan 26 UBS 3.700 Dec 3 Piper Sandler 4.200 Nov 17
(Reporting by Scott DiSavino)