2017 Q3 Form 10-Q Financial Statement

#000035630917000103 Filed on August 02, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2017 Q2 2016 Q2
Revenue $536.5M $457.5M $393.2M
YoY Change 14.34% 16.36% -14.23%
Cost Of Revenue $471.4M $349.2M $336.3M
YoY Change 38.16% 3.84% -13.06%
Gross Profit $65.10M $108.3M $56.90M
YoY Change -49.14% 90.33% -20.64%
Gross Profit Margin 12.13% 23.67% 14.47%
Selling, General & Admin $2.500M $5.200M $6.400M
YoY Change 19.05% -18.75% -24.71%
% of Gross Profit 3.84% 4.8% 11.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.50M $20.76M $18.67M
YoY Change 8.59% 11.19% 19.69%
% of Gross Profit 33.03% 19.17% 32.81%
Operating Expenses $97.20M $439.6M $421.5M
YoY Change 13.55% 4.27% -9.88%
Operating Profit -$32.05M $17.97M -$28.33M
YoY Change -175.45% -163.42% 204.32%
Interest Expense -$11.70M $11.16M $7.787M
YoY Change 28.57% 43.37% 6.28%
% of Operating Profit 62.14%
Other Income/Expense, Net $2.100M $3.273M $2.306M
YoY Change -25.0% 41.93% 54.66%
Pretax Income -$41.70M $10.08M -$33.81M
YoY Change -215.51% -129.8% 123.24%
Income Tax -$1.800M -$5.816M -$14.19M
% Of Pretax Income -57.72%
Net Earnings -$36.52M $18.96M -$17.36M
YoY Change -243.79% -209.18% 132.75%
Net Earnings / Revenue -6.81% 4.14% -4.42%
Basic Earnings Per Share -$0.42 $0.22 -$0.20
Diluted Earnings Per Share -$0.42 $0.22 -$0.20
COMMON SHARES
Basic Shares Outstanding 86.54M shares 86.41M shares 85.96M shares
Diluted Shares Outstanding 87.27M shares 85.96M shares

Balance Sheet

Concept 2017 Q3 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.200M $62.20M $94.80M
YoY Change -94.13% -34.39% 35.04%
Cash & Equivalents $2.226M $62.16M $94.81M
Short-Term Investments
Other Short-Term Assets $33.26M $35.44M $34.40M
YoY Change -6.1% 3.01% 25.22%
Inventory $214.0M $213.0M $169.5M
Prepaid Expenses
Receivables $191.3M $162.2M $139.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $579.4M $637.6M $604.7M
YoY Change -4.58% 5.43% 7.64%
LONG-TERM ASSETS
Property, Plant & Equipment $2.610B $2.557B $2.304B
YoY Change 8.39% 10.98% 11.4%
Goodwill
YoY Change
Intangibles $41.08M
YoY Change
Long-Term Investments $172.6M $166.5M $139.0M
YoY Change 22.27% 19.76% -8.51%
Other Assets $74.82M $62.36M $69.80M
YoY Change 24.29% -10.66% 3.92%
Total Long-Term Assets $739.3M $683.4M $724.0M
YoY Change 5.07% -5.61% 25.09%
TOTAL ASSETS
Total Short-Term Assets $579.4M $637.6M $604.7M
Total Long-Term Assets $739.3M $683.4M $724.0M
Total Assets $3.929B $3.878B $3.633B
YoY Change 5.65% 6.75% 13.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $96.88M $88.60M $70.41M
YoY Change -9.62% 25.84% -21.36%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $266.0M $263.4M $244.6M
YoY Change 118.57% 7.68%
Long-Term Debt Due $165.4M $186.3M $11.40M
YoY Change 168.94% 1534.21% -68.33%
Total Short-Term Liabilities $802.9M $775.9M $601.5M
YoY Change 40.47% 29.0% 49.37%
LONG-TERM LIABILITIES
Long-Term Debt $997.1M $897.7M $967.8M
YoY Change -5.49% -7.24% 14.19%
Other Long-Term Liabilities $9.988M $9.636M $9.223M
YoY Change 2.95% 4.48% 5.77%
Total Long-Term Liabilities $891.9M $919.7M $892.6M
YoY Change -3.62% 3.04% 6.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $802.9M $775.9M $601.5M
Total Long-Term Liabilities $891.9M $919.7M $892.6M
Total Liabilities $1.695B $1.696B $1.494B
YoY Change 13.22% 13.49% 20.68%
SHAREHOLDERS EQUITY
Retained Earnings $868.0M $928.1M $822.1M
YoY Change 5.14% 12.89% 3.53%
Common Stock $442.0M $441.6M $437.2M
YoY Change 1.08% 0.99% 1.17%
Preferred Stock
YoY Change
Treasury Stock (at cost) $70.04M $74.15M $82.75M
YoY Change -13.58% -10.39% -15.3%
Treasury Stock Shares 2.347M shares 2.434M shares 2.581M shares
Shareholders Equity $1.115B $1.285B $1.171B
YoY Change
Total Liabilities & Shareholders Equity $3.929B $3.878B $3.633B
YoY Change 5.65% 6.75% 13.21%

Cashflow Statement

Concept 2017 Q3 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income -$36.52M $18.96M -$17.36M
YoY Change -243.79% -209.18% 132.75%
Depreciation, Depletion And Amortization $21.50M $20.76M $18.67M
YoY Change 8.59% 11.19% 19.69%
Cash From Operating Activities $24.90M $51.30M -$21.40M
YoY Change -45.87% -339.72% -138.08%
INVESTING ACTIVITIES
Capital Expenditures -$80.20M -$66.50M -$80.70M
YoY Change -18.16% -17.6% 31.86%
Acquisitions
YoY Change
Other Investing Activities -$67.20M -$20.80M -$3.300M
YoY Change 585.71% 530.3% -56.0%
Cash From Investing Activities -$147.4M -$87.40M -$83.90M
YoY Change 36.61% 4.17% 22.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 62.50M 5.500M 198.2M
YoY Change 1258.7% -97.23% -1057.49%
NET CHANGE
Cash From Operating Activities 24.90M 51.30M -21.40M
Cash From Investing Activities -147.4M -87.40M -83.90M
Cash From Financing Activities 62.50M 5.500M 198.2M
Net Change In Cash -60.00M -30.60M 92.90M
YoY Change 4.71% -132.94% -379.82%
FREE CASH FLOW
Cash From Operating Activities $24.90M $51.30M -$21.40M
Capital Expenditures -$80.20M -$66.50M -$80.70M
Free Cash Flow $105.1M $117.8M $59.30M
YoY Change -27.01% 98.65% -49.49%

Facts In Submission

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CY2017Q2 us-gaap Deferred Income Tax Liabilities Net
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28519000 USD
CY2017Q2 us-gaap Deferred Revenue Noncurrent
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27924000 USD
CY2016Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
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27500000 USD
us-gaap Depreciation Depletion And Amortization
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52897000 USD
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DepreciationDepletionAndAmortization
20760000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
60348000 USD
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DerivativeAssets
35191000 USD
CY2017Q2 us-gaap Derivative Assets
DerivativeAssets
30633000 USD
CY2016Q3 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
29964000 USD
CY2017Q2 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
24718000 USD
CY2016Q3 us-gaap Derivative Assets Noncurrent
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5227000 USD
CY2015Q2 us-gaap Derivative Fixed Interest Rate
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0.0326
CY2016Q3 us-gaap Derivative Liabilities
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86332000 USD
CY2017Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
30195000 USD
CY2016Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
61080000 USD
CY2017Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
27602000 USD
CY2016Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
25252000 USD
CY2017Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
2593000 USD
CY2016Q3 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
23100000 USD
CY2017Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
8800000 USD
us-gaap Dividends Common Stock Cash
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66051000 USD
CY2016Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
21975000 USD
CY2017Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
22049000 USD
CY2016Q3 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
1150000 USD
CY2017Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
1151000 USD
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.20
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.24
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.95
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.23
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.94
CY2016Q3 us-gaap Energy Related Inventory Natural Gas In Storage
EnergyRelatedInventoryNaturalGasInStorage
206251000 USD
CY2017Q2 us-gaap Energy Related Inventory Natural Gas In Storage
EnergyRelatedInventoryNaturalGasInStorage
201682000 USD
CY2016Q3 us-gaap Equity Method Investments
EquityMethodInvestments
141148000 USD
CY2017Q2 us-gaap Equity Method Investments
EquityMethodInvestments
166470000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
-1701000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
-1284000 USD
CY2016Q2 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
8726000 USD
us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
34205000 USD
CY2017Q2 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
8796000 USD
us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
42382000 USD
CY2016Q3 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
7800000 USD
CY2017Q2 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
8600000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
7287000 USD
CY2017Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
1900000 USD
CY2016Q3 us-gaap Gas Purchase Payable Current
GasPurchasePayableCurrent
139452000 USD
CY2017Q2 us-gaap Gas Purchase Payable Current
GasPurchasePayableCurrent
151380000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-33810000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
109554000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
10076000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
178267000 USD
CY2016Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2257000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7065000 USD
CY2017Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3065000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
10455000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-3420000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
334000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-14190000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10347000 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5816000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20134000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
27700000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
923000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-4178000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-23961000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3973000 USD
us-gaap Increase Decrease In Accounts Receivable
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-9846000 USD
us-gaap Increase Decrease In Accounts Receivable
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26487000 USD
us-gaap Increase Decrease In Allowance For Equity Funds Used During Construction
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3959000 USD
us-gaap Increase Decrease In Allowance For Equity Funds Used During Construction
IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction
2738000 USD
us-gaap Increase Decrease In Brokerage Receivables
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48715000 USD
us-gaap Increase Decrease In Brokerage Receivables
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-27314000 USD
us-gaap Increase Decrease In Customer Deposits
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2534000 USD
us-gaap Increase Decrease In Customer Deposits
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-12873000 USD
us-gaap Increase Decrease In Due To Related Parties Current
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-410000 USD
us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-2000 USD
us-gaap Increase Decrease In Inventories
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-1569000 USD
us-gaap Increase Decrease In Inventories
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-4003000 USD
us-gaap Increase Decrease In Operating Capital
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93014000 USD
us-gaap Increase Decrease In Operating Capital
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26843000 USD
us-gaap Increase Decrease In Other Accounts Payable
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-27663000 USD
us-gaap Increase Decrease In Other Accounts Payable
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11931000 USD
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23615000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
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-27930000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
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9656000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
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7668000 USD
us-gaap Increase Decrease In Other Operating Assets
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-4585000 USD
us-gaap Increase Decrease In Other Operating Assets
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-674000 USD
us-gaap Increase Decrease In Recoverable Refundable Gas Costs
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9377000 USD
us-gaap Increase Decrease In Recoverable Refundable Gas Costs
IncreaseDecreaseInRecoverableRefundableGasCosts
4610000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-989000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-1302000 USD
CY2016Q2 us-gaap Interest Expense
InterestExpense
7787000 USD
us-gaap Interest Expense
InterestExpense
21933000 USD
CY2017Q2 us-gaap Interest Expense
InterestExpense
11164000 USD
us-gaap Interest Expense
InterestExpense
33215000 USD
us-gaap Interest Paid Net
InterestPaidNet
21492000 USD
us-gaap Interest Paid Net
InterestPaidNet
30128000 USD
CY2016Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
65000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
188000 USD
CY2017Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
159000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
342000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3718570000 USD
CY2017Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3877926000 USD
CY2016Q3 us-gaap Liabilities Current
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571608000 USD
CY2017Q2 us-gaap Liabilities Current
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775878000 USD
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925333000 USD
CY2017Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
919744000 USD
CY2016Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1055038000 USD
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LongTermDebtAndCapitalLeaseObligations
897703000 USD
CY2016Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
61452000 USD
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LongTermDebtAndCapitalLeaseObligationsCurrent
186292000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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248613000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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44776000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-243259000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
96599000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
223096000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
106272000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
18957000 USD
us-gaap Net Income Loss
NetIncomeLoss
168588000 USD
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NotesAndLoansReceivableGrossNoncurrent
39500000 USD
CY2017Q2 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
40900000 USD
CY2016Q2 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-5308000 USD
CY2017Q2 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-3622000 USD
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
6474000 USD
CY2016Q2 us-gaap Operating Expenses
OperatingExpenses
421542000 USD
us-gaap Operating Expenses
OperatingExpenses
1286609000 USD
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
439556000 USD
us-gaap Operating Expenses
OperatingExpenses
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CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
17967000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
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OtherAssetsCurrent
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OtherAssetsNoncurrent
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OtherAssetsNoncurrent
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OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3657000 USD
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OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3657000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4254000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-769000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-318000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-953000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
174000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
523000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
217000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
651000 USD
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
0 USD
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
0 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
0 USD
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-2000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0 USD
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0 USD
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-5313000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
2888000 USD
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
3301000 USD
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-3754000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
2014000 USD
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-2375000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
2081000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1008000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6355000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
61775000 USD
us-gaap Payments Of Dividends Common Stock
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65909000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3359000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4595000 USD
CY2016Q2 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
2741000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
8689000 USD
CY2017Q2 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
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us-gaap Other Cost And Expense Operating
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CY2017Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
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us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
160183000 USD
CY2016Q3 us-gaap Other Inventory
OtherInventory
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CY2017Q2 us-gaap Other Inventory
OtherInventory
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CY2016Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9702000 USD
CY2017Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9636000 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2306000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6432000 USD
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3273000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
12387000 USD
us-gaap Payments For Environmental Liabilities
PaymentsForEnvironmentalLiabilities
5070000 USD
us-gaap Payments For Environmental Liabilities
PaymentsForEnvironmentalLiabilities
6923000 USD
us-gaap Payments For Removal Costs
PaymentsForRemovalCosts
21342000 USD
us-gaap Payments For Removal Costs
PaymentsForRemovalCosts
23001000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
24097000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
8689000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
24097000 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
115736000 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
121958000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
1466000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
933000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
111751000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
92833000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
32325000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
4640000 USD
CY2016Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
141604000 USD
CY2017Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
140050000 USD
CY2016Q3 us-gaap Prepaid Taxes
PrepaidTaxes
34179000 USD
CY2017Q2 us-gaap Prepaid Taxes
PrepaidTaxes
55919000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1915000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
2179000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
12173000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
13802000 USD
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
12200000 USD
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
13800000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
125000000 USD
CY2016Q3 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
631696000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
178275000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
141700000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
6639000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
6600000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
748000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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2220000 USD
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CY2016Q2 us-gaap Related Parties Amount In Cost Of Sales
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us-gaap Related Parties Amount In Cost Of Sales
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us-gaap Related Party Transaction Expenses From Transactions With Related Party
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us-gaap Repayments Of Long Term Debt
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42534000 USD
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42534000 USD
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5216000 USD
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CY2016Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2017Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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831000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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85960000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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86691000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NATURE OF THE BUSINESS</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New Jersey Resources Corporation provides regulated gas distribution services and operates certain unregulated businesses primarily through the following subsidiaries:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New Jersey Natural Gas Company provides natural gas utility service to approximately </font><font style="font-family:inherit;font-size:10pt;">528,600</font><font style="font-family:inherit;font-size:10pt;"> retail customers in central and northern New Jersey and is subject to rate regulation by the BPU. NJNG comprises the Natural Gas Distribution segment;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NJR Clean Energy Ventures Corporation, the Company's clean energy subsidiary, comprises the Clean Energy Ventures segment and consists of the Company's capital investments in commercial and residential solar projects located throughout New Jersey and onshore wind investments in Montana, Iowa, Kansas, Wyoming and Pennsylvania;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NJR Energy Services Company comprises the Energy Services segment that maintains and transacts around a portfolio of natural gas storage and transportation capacity contracts and provides physical wholesale energy and energy management services in the U.S. and Canada;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NJR Midstream Holdings Corporation invests in energy-related ventures through its subsidiaries, NJR Steckman Ridge Storage Company, which holds the Company's </font><font style="font-family:inherit;font-size:10pt;">50 percent</font><font style="font-family:inherit;font-size:10pt;"> combined interest in Steckman Ridge, located in Pennsylvania, </font><font style="font-family:inherit;font-size:10pt;text-align:justify;vertical-align:bottom;">and NJR Pipeline Company, which holds the Company's </font><font style="font-family:inherit;font-size:10pt;text-align:justify;vertical-align:bottom;">20 percent</font><font style="font-family:inherit;font-size:10pt;text-align:justify;vertical-align:bottom;"> ownership interest in PennEast and NJNR Pipeline Company, which holds the Company's</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">1.84 million</font><font style="font-family:inherit;font-size:10pt;"> Common Units of Dominion Midstream Partners, L.P. The investments in Steckman Ridge, PennEast and DM comprise the Midstream segment; and</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NJR Retail Holdings Corporation has </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> principal subsidiaries, NJR Home Services Company, which provides heating, central air conditioning, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey, and Commercial Realty &amp; Resources Corporation, which owns commercial real estate. NJR Retail Holdings Corporation is included in Home Services and Other operations. NJR Energy Corporation, a subsidiary of CR&amp;R, was dissolved on November 28, 2016, and all assets were moved to CR&amp;R during the first quarter of fiscal 2017.</font></div></div>

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