During the corresponding time, New Jersey Resources Corporation recorded a revenue increase by 103.1 % year on year, sequentially revenue fell by -35.37 %. While revenue at the New Jersey Resources Corporation's corporate clients
New Jersey Resources's Comment on Sales, Marketing and Customers
ES manages natural gas supply transportation and storage by utilizing contractual asset portfolios and market areas to optimize routing and implement economic hedging programs. The company entered into Asset Management Agreements (AMAs) with an investment-grade public utility to release pipeline capacity, receiving significant cash payments from fiscal 2022 through fiscal 2031. ES purchases natural gas from multiple suppliers, with no single supplier accounting for more than 10% of purchases during fiscal 2025. The company engages in transactions such as park and loan with storage and pipeline operators to capture pricing differentials and generate financial margin. ES manages inventory to meet sales requirements and create additional value, having managed and sold 108.6 Bcf and 125.3 Bcf of natural gas in fiscal 2025 and 2024, respectively. Customers and markets referenced include NJR.
News about New Jersey Resources Corporation Contracts
New Jersey Natural Gas (NJNG), a prominent subsidiary of New Jersey Resources (NYSE: NJR), is leading the way in sustainability efforts within the natural gas industry. With recent announcements regarding its annual rate adjustments and a significant shift towards lower-emission fuels, the company is demonstrating its commitment to reducing greenhouse gas (GHG) emissions and promoting a cleaner, greener future.Annual Rate Adjustments and Energy-Efficiency Programs:NJNG has filed its annual Basic Gas Supply Service (BGSS) and Conservation Incentive Program (CIP) rates with the New Jersey Board of Public Utilities (BPU). These filings result in a minor 0.5% increase for typical residential heating customers wh...
In a groundbreaking move towards reducing greenhouse gas emissions, New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources (NYSE: NJR), has recently installed two CarbinX carbon-capture systems at its headquarters in Wall, New Jersey. This installation marks the first operational deployment of such units in the state. Each CarbinX unit, approximately the size of two residential refrigerators, is seamlessly integrated with the company s infrastructure.This initiative aligns with NJNG s commitment to innovate and implement sustainable solutions. The incorporation of the CarbinX carbon-capture units underscores the company s efforts to curb greenhouse gas emissions and actively contribu...
New Jersey Natural Gas Takes Bold Strides in Sustainability with Shift to Neste MY Renewable DieselContinuing with its commitment to sustainability with respect to its fleet operations, New Jersey Natural Gas (NJNG), one of the leading natural gas utilities in the USA, recently announced its plans to switch to a lower emissions fuel for medium-duty trucks and associated equipment to further decrease greenhouse gas (GHG) emissions. This significant transition will make NJNG the first natural gas utility on the East Coast to incorporate Neste MY Renewable Diesel into its fleet operations.NJNG, the key subsidiary of New Jersey Resources (NYSE: NJR), has consistently strived towards sustainability and eco-frien...
New Jersey Natural Gas (NJNG), a key subsidiary of New Jersey Resources (NYSE: NJR), has recently filed a petition with the New Jersey Board of Public Utilities (BPU) seeking a base rate increase of $222.6 million. This proposed rate increase is aimed at acknowledging and funding the approximately $850 million investment made by NJNG to enhance the safety, reliability, security, and environmental benefits of its delivery system and operations. This article will delve into the details of the rate case and shed light on the benefits that these investments will bring to customers.NJNG s Investments in Infrastructure UpgradesAs part of its ongoing commitment to providing superior service to its customers, NJNG h...
New Jersey Resources’s Comment on Sales, Marketing and Customers
ES manages natural gas supply transportation and storage by utilizing contractual asset portfolios and market areas to optimize routing and implement economic hedging programs. The company entered into Asset Management Agreements (AMAs) with an investment-grade public utility to release pipeline capacity, receiving significant cash payments from fiscal 2022 through fiscal 2031. ES purchases natural gas from multiple suppliers, with no single supplier accounting for more than 10% of purchases during fiscal 2025. The company engages in transactions such as park and loan with storage and pipeline operators to capture pricing differentials and generate financial margin. ES manages inventory to meet sales requirements and create additional value, having managed and sold 108.6 Bcf and 125.3 Bcf of natural gas in fiscal 2025 and 2024, respectively. Customers and markets referenced include NJR.
Sources:
New Jersey Resources Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: New Jersey Resources Corporation’s corporate clients.
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