New Jersey Resources Corporation

New Jersey Resources Corporation (NJR) is an energy services holding company that primarily distributes natural gas. Its operations are divided into four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment provides regulated natural gas utility services to residential and commercial customers in six New Jersey counties. The Clean Energy Ventures segment invests in and operates clean energy projects, including commercial and residential solar installations across several states. The Energy Services segment manages natural gas transportation and storage capacity contracts and offers wholesale and retail energy services. The Storage and Transportation segment invests in energy-related ventures and holds natural gas storage and transmission assets.

New Jersey Resources Corporation is listed on the New York Stock Exchange (NYSE) under the ticker symbol NJR. Its shares trade in US Dollars (USD), as the company is based in the United States.

New Jersey Resources Corporation operates in the Utilities sector, specifically within the Utilities - Regulated Gas industry. This means the company is involved in the regulated distribution of natural gas to customers, subject to oversight by public utility commissions. As a regulated gas utility, NJR's rates and services are approved by regulatory authorities, providing a stable revenue stream. The company also engages in clean energy ventures and energy services, but its core business remains regulated natural gas distribution.

New Jersey Resources Corporation is headquartered in the United States and primarily serves customers in New Jersey. Its Natural Gas Distribution segment provides regulated gas utility services to residential and commercial customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties. Additionally, its Clean Energy Ventures segment operates solar projects in New Jersey, Rhode Island, New York, Connecticut, Michigan, Indiana, and Pennsylvania. The company also offers home services like heating, ventilation, cooling, and plumbing repair across its service areas.

New Jersey Resources Corporation generates revenue through multiple business segments. The Natural Gas Distribution segment earns regulated returns from delivering natural gas to residential and commercial customers. The Clean Energy Ventures segment profits from investing in and operating solar energy projects, selling electricity or renewable energy credits. The Energy Services segment makes money by managing natural gas transportation and storage capacity contracts and providing wholesale and retail energy services. The Storage and Transportation segment earns income from investments in energy-related ventures, including natural gas storage and transmission assets. Additionally, the company offers home services such as HVAC, electrical, and plumbing installations and repairs.