EIA Weekly Natural Gas Storage Report & Insight 4/23/2026

Storage Reports

Apr 23

EIA Storage Update: +103 Bcf vs +92 Bcf Est

During the spring injection season, the market focus shifts to rebuilding inventories, the EIA reported an injection of 103 Bcf for the week. This was 11 Bcf larger than the consensus estimate of +92 Bcf. With total inventories now at 2063 Bcf, storage sits modestly above the 5-year average, providing a comfortable buffer and represents a comfortable surplus compared to last year. The onset of 90-degree days in Texas is beginning to drive structural power burn. Natural gas futures sold off strongly following the release.

Why This Matters:

This moderate bearish surprise puts downward pressure on gas prices and, by extension, ERCOT power pricing.

Summary

Working gas in storage was 2,063 Bcf as of Friday, April 17, 2026, according to EIA estimates. This represents a net increase of 103 Bcf from the previous week. Stocks were 142 Bcf higher than last year at this time and 137 Bcf above the five-year average of 1,926 Bcf. At 2,063 Bcf, total working gas is within the five-year historical range.

https://ir.eia.gov/ngs/ngs.html