SoCalGas Leverages Storage to Capture 5-Year Low Natural Gas Prices, Cuts Customer Bills 55%
SOCGP sits 27% above its 52-week low of $23.303 on light trading volume (0.3× avg).
Summary
Southern California Gas Co announced it leveraged its system flexibility and storage to capture natural gas at a five-year low for the March-May 2026 period. This efficient cost management resulted in a 55% decline in billed natural gas prices for residential and small business customers, dropping from 35.7 cents per therm in March to 15.9 cents in May. The ability to secure lower-cost gas directly benefits the company's operational efficiency and customer satisfaction, which is positive for its parent company, Sempra Energy (SRE).
At the time of this announcement, SOCGP was trading at $29.71 on OTC in the Energy & Transportation sector. The 52-week trading range was $23.30 to $29.99. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.