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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 PNM Resources's Natural Gas Storage Capacity (Bcf) or its related term are showing as below:
The historical data trend for PNM Resources'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.
PNM Resources Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Natural Gas Storage Capacity (Bcf) | Get a 7-Day Free Trial |
PNM ResourcesQuarterly Data | |||||||||||||||||||||||||||||||||||||||||
Trend | Jun17 | Sep17 | Mar18 | Jun18 | Sep18 | Mar19 | Jun19 | Sep19 | Mar20 | Jun20 | Sep20 | Mar21 | Jun21 | Sep21 | Mar22 | Jun22 | Sep22 | Mar23 | Jun23 | Sep23 | |||||||||||||||||||||
Natural Gas Storage Capacity (Bcf) | Get a 7-Day Free Trial |
For the Utilities - Regulated Electric subindustry, PNM Resources'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.
PNM Resources (NYSE:PNM) 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.
Thank you for viewing the detailed overview of PNM Resources's Natural Gas Storage Capacity (Bcf) provided by GuruFocus.com. Please click on the following links to see related term pages.
Elisabeth A Eden | officer: SVP, CFO & Treasurer | 414 SILVER AVE SW, MS1295, ALBUQUERQUE NM 87102 |
Henry E Monroy | officer: VP & Corporate Controller | 414 SILVER AVENUE SW, MS1015, ALBUQUERQUE NM 87102-3289 |
Charles N Eldred | officer: Chief Financial Officer | 414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289 |
Joseph Don Tarry | officer: VP and Corporate Controller | 414 SILVER AVE SW MS 1205, ALBUQUERQUE NM 87102-3289 |
Patrick V Apodaca | officer: SR VP, GEN COUNSEL & SECY | 414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289 |
Ronald N. Darnell | officer: VICE PRESIDENT, REGULATORY AFF | 414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289 |
Vicky A Bailey | director | 2099 PENNSYLVANIA AVNUE, NW, SUITE 1000, WASHINGTON DC 20006 |
James Alton Hughes | director | 350 W WASHINGTON STREET, SUITE 600, TEMPE AZ 85281 |
Norman P. Becker | director | 3900 SINGER BOULEVARD N.E., ALBUQUERQUE NM 87109 |
Chris M Olson | officer: VP, Utility Operations | 414 SILVER AVENUE SW, MS 1255, ALBUQUERQUE NM 87102-3289 |
Adelmo E Archuleta | director | 414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289 |
Ronald E Talbot | officer: SR VP, CHIEF OPERATING OFFICER | 414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289 |
Bruce W Wilkinson | director | 1333 WEST LOOP SOUTH, STE 1700, HOUSTON TX 77027 |
Sidney M. Gutierrez | director | 414 SILVER AVE SW, MS 1275, ALBUQUERQUE NM 87102-3289 |
Joan B Woodard | director | 414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289 |
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