The estimate, drawn from a survey of 11 analysts, brokers, and traders, anticipates a range between 40 and 62 billion cubic feet. If realized, this build aligns with the five-year average for the period, pushing total stocks to 2,973 billion cubic feet. This volume sits 175 billion cubic feet above the 2021-2025 norm, highlighting a market that remains well-supplied despite seasonal volatility.

Looking toward the end of the injection season, the U.S. Energy Information Administration projects that storage levels will remain 5% above the five-year average by October. This surplus is largely sustained by record-setting production, particularly from the Permian region, which continues to offset the surge in power-sector consumption. The official storage figures are due for release on Thursday at 10:30 a.m. ET.