SoCalGas Natural Gas Prices Hit Five-Year Low
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 30 2026
0mins
Source: PRnewswire
- Natural Gas Price Drop: Southern California Gas Co. reported that the cost for natural gas on behalf of residential and small business customers averaged 22.8 cents per therm from March to May 2026, marking a five-year low and demonstrating the company's commitment to reducing energy expenses for its customers.
- Significant Price Trends: The billed price of natural gas steadily declined from 35.7 cents per therm in March to 15.9 cents in May, representing a 55% decrease, which not only alleviates household energy burdens but also reflects changing market dynamics.
- Market Influences: According to the U.S. Energy Information Administration, California's natural gas spot prices reached record lows in the first five months of 2026, driven by higher-than-average storage levels in the Pacific region, further benefiting customer energy costs.
- Company Mission and Impact: SoCalGas is dedicated to providing safe, reliable, and affordable energy services, with natural gas prices directly reflecting market rates, ensuring customers benefit from low-cost gas while supporting the infrastructure needed for safe storage and delivery.
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Analyst Views on SRE
Wall Street analysts forecast SRE stock price to rise
12 Analyst Rating
9 Buy
3 Hold
0 Sell
Strong Buy
Current: 94.590
Low
89.00
Averages
100.58
High
115.00
Current: 94.590
Low
89.00
Averages
100.58
High
115.00
About SRE
Sempra is a North American energy infrastructure company. The Company's businesses invest in, develop and operate energy infrastructure, and provide electric and gas services to customers. Its segments include Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides natural gas and electric service to Southern California and part of central California through its subsidiaries, SDG&E and SoCalGas. The Sempra Texas Utilities segment holds its investment in Oncor Holdings, which owns an over 80.25% interest in Oncor, a regulated electric transmission and distribution utility serving customers in the north-central, eastern, western and panhandle regions of Texas, and its indirect 50% interest in Sharyland Holdings, which owns Sharyland Utilities, a regulated electric transmission utility serving customers near the Texas-Mexico border. The Sempra Infrastructure segment develops, builds, operates and invests in energy infrastructure.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Ongoing Collaboration: The event reflects the ongoing partnership between SoCalGas and U.S.VETS, with charitable grants funding housing and workforce development programs, helping veterans transition to stable, independent lives.
See More
SoCalGas Celebrates America's 250th Anniversary with Veterans Event
- Community Celebration: SoCalGas, in collaboration with U.S.VETS, hosted a special Fourth of July event at March Air Reserve Base, bringing together approximately 150 veterans and their families to enhance community connections and honor their service and sacrifice.
- Veteran Support: With over 32,000 veterans experiencing homelessness in the U.S. on any given night and more than 400 residing at the Inland Empire campus, the event underscores the critical need for veteran support and the significance of such gatherings.
- Volunteer Engagement: SoCalGas employee volunteers served BBQ meals and facilitated games and entertainment during the event, further solidifying the company's commitment to veterans and creating a warm celebratory atmosphere.
- Ongoing Partnership: The celebration reflects the ongoing collaboration between SoCalGas and U.S.VETS, with charitable grants funding housing and workforce development programs, helping veterans transition to stable, independent lives while reinforcing community belonging.
See More
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- Natural Gas Price Drop: Southern California Gas Co. reported that the cost for natural gas on behalf of residential and small business customers averaged 22.8 cents per therm from March to May 2026, marking a five-year low and demonstrating the company's commitment to reducing energy expenses for its customers.
- Significant Price Trends: The billed price of natural gas steadily declined from 35.7 cents per therm in March to 15.9 cents in May, representing a 55% decrease, which not only alleviates household energy burdens but also reflects changing market dynamics.
- Market Influences: According to the U.S. Energy Information Administration, California's natural gas spot prices reached record lows in the first five months of 2026, driven by higher-than-average storage levels in the Pacific region, further benefiting customer energy costs.
- Company Mission and Impact: SoCalGas is dedicated to providing safe, reliable, and affordable energy services, with natural gas prices directly reflecting market rates, ensuring customers benefit from low-cost gas while supporting the infrastructure needed for safe storage and delivery.
See More
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- Increased Customer Participation: Over 350,000 residential customers are generating their own power through rooftop solar, representing more than one in four customers, marking one of the highest adoption rates in the nation and highlighting the pivotal role of customer engagement in the clean energy transition.
- Improved Interconnection Speed: SDG&E has streamlined its interconnection process, allowing customers to complete it in an average of three days, consistently exceeding state performance benchmarks, which significantly reduces wait times and uncertainty for customers pursuing solar projects.
- Two-Way Power Flow: The modern grid supports two-way power flows, enabling customers to both consume and contribute energy, reflecting a fundamental shift in how energy is produced and delivered, thereby enhancing system flexibility and reliability.
- Battery Storage Integration: An increasing number of customers are pairing solar with battery storage, allowing them to save excess energy generated during the day for later use, which enhances the reliability and flexibility of the energy system and supports future energy demands.
See More
Latest Wall Street Ratings Overview
- Viking Holdings Rating: BMO initiates coverage of Viking Holdings (VIK) with an Outperform rating and a $115 target price, indicating confidence in the company's future growth despite its high valuation.
- Apple's Sustained Growth: Bernstein reiterates Apple as Outperform, noting a 2% YoY increase in May iPhone sales, with nearly all markets showing positive growth, particularly in Japan and emerging markets, highlighting Apple's competitive strength globally.
- Optimistic Tesla Outlook: Goldman Sachs maintains a neutral rating on Tesla, anticipating that the upcoming earnings report will exceed market expectations, supported by strong second-quarter delivery numbers, reflecting the company's ongoing appeal in the electric vehicle market.
- Pinterest Engagement Growth: DA Davidson initiates a Buy rating on Pinterest with a $26 price target, emphasizing the company's consistent growth in user engagement over the past ten quarters, showcasing its strong performance in the social media sector.
See More
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- Community Celebration: SoCalGas, in collaboration with U.S.VETS, hosted a special Independence Day event at March Air Reserve Base, attracting approximately 150 veterans and their families, highlighting the company's commitment to supporting veterans.
- Veteran Support: With over 32,000 veterans experiencing homelessness in the U.S. each night, SoCalGas emphasized the importance of veteran support through this event, providing a meaningful gathering for over 400 veterans residing at the Inland Empire campus.
- Volunteer Engagement: SoCalGas employee volunteers served BBQ meals and organized games during the event, further strengthening the connection between the company and the veteran community, showcasing its commitment as a community partner.
- Ongoing Collaboration: The celebration reflects the ongoing partnership between SoCalGas and U.S.VETS, with charitable grants funding housing and workforce development programs, helping veterans transition to stable, independent lives.
See More
SoCalGas Celebrates America's 250th Anniversary Honoring Veterans
- Community Celebration: SoCalGas, in collaboration with U.S.VETS, hosted a special Fourth of July event at March Air Reserve Base, bringing together approximately 150 veterans and their families, showcasing the company's commitment to supporting veterans.
- Veteran Support: Over 32,000 veterans experience homelessness in the U.S. on any given night, with more than 400 residing at the Inland Empire campus, underscoring the critical importance of organizations like U.S.VETS in addressing this issue.
- Volunteer Engagement: SoCalGas employee volunteers served BBQ meals and facilitated activities, further strengthening the connection with the veteran community and demonstrating the company's commitment as a community partner.
- Ongoing Collaboration: The event reflects the ongoing partnership between SoCalGas and U.S.VETS, with charitable grants funding housing and workforce development programs, helping veterans transition to stable, independent lives.
See More
SoCalGas Celebrates America's 250th Anniversary with Veterans Event
- Community Celebration: SoCalGas, in collaboration with U.S.VETS, hosted a special Fourth of July event at March Air Reserve Base, bringing together approximately 150 veterans and their families to enhance community connections and honor their service and sacrifice.
- Veteran Support: With over 32,000 veterans experiencing homelessness in the U.S. on any given night and more than 400 residing at the Inland Empire campus, the event underscores the critical need for veteran support and the significance of such gatherings.
- Volunteer Engagement: SoCalGas employee volunteers served BBQ meals and facilitated games and entertainment during the event, further solidifying the company's commitment to veterans and creating a warm celebratory atmosphere.
- Ongoing Partnership: The celebration reflects the ongoing collaboration between SoCalGas and U.S.VETS, with charitable grants funding housing and workforce development programs, helping veterans transition to stable, independent lives while reinforcing community belonging.
See More
SoCalGas Natural Gas Prices Hit Five-Year Low
- Natural Gas Price Drop: Southern California Gas Co. reported that the cost for natural gas on behalf of residential and small business customers averaged 22.8 cents per therm from March to May 2026, marking a five-year low and demonstrating the company's commitment to reducing energy expenses for its customers.
- Significant Price Trends: The billed price of natural gas steadily declined from 35.7 cents per therm in March to 15.9 cents in May, representing a 55% decrease, which not only alleviates household energy burdens but also reflects changing market dynamics.
- Market Influences: According to the U.S. Energy Information Administration, California's natural gas spot prices reached record lows in the first five months of 2026, driven by higher-than-average storage levels in the Pacific region, further benefiting customer energy costs.
- Company Mission and Impact: SoCalGas is dedicated to providing safe, reliable, and affordable energy services, with natural gas prices directly reflecting market rates, ensuring customers benefit from low-cost gas while supporting the infrastructure needed for safe storage and delivery.
See More
