$NJR
NEW JERSEY RESOURCES CORP

2023 Q1 Form 10-Q Financial Statement

#000035630923000030 Filed on February 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022 Q3
Revenue $384.4M $364.6M $765.5M
YoY Change -57.86% -46.06% 43.75%
Cost Of Revenue $318.5M $416.3M $527.8M
YoY Change -49.06% 3.33% 33.58%
Gross Profit $325.5M $307.2M $237.7M
YoY Change 13.42% 12.56% 72.99%
Gross Profit Margin 84.68% 84.27% 31.05%
Selling, General & Admin $25.73M $20.89M $6.068M
YoY Change -24.33% 10.0% -9.22%
% of Gross Profit 7.91% 6.8% 2.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $38.09M $36.68M $34.55M
YoY Change 21.17% 20.7% 17.47%
% of Gross Profit 11.7% 11.94% 14.54%
Operating Expenses $160.3M $134.4M $156.8M
YoY Change 8.24% 15.84% 16.76%
Operating Profit $165.2M $172.8M $80.91M
YoY Change 18.94% 10.14% 2494.8%
Interest Expense $30.26M $29.49M -$26.02M
YoY Change 59.89% 51.41% 30.89%
% of Operating Profit 18.32% 17.07% -32.16%
Other Income/Expense, Net $4.779M $4.655M $9.744M
YoY Change 15.8% 12.55% -8.56%
Pretax Income $139.7M $148.0M $64.63M
YoY Change 12.59% 4.53% -1159.23%
Income Tax $30.59M $32.98M $12.14M
% Of Pretax Income 21.89% 22.29% 18.79%
Net Earnings $110.2M $115.9M $54.52M
YoY Change 14.8% 4.14% -4912.18%
Net Earnings / Revenue 28.68% 31.8% 7.12%
Basic Earnings Per Share $1.14 $1.20
Diluted Earnings Per Share $1.13 $1.19 $565.8K
COMMON SHARES
Basic Shares Outstanding 96.89M shares 96.39M shares 96.23M shares
Diluted Shares Outstanding 97.56M shares 97.08M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.10M $2.407M $1.107M
YoY Change 94.84% 91.18% -76.69%
Cash & Equivalents $27.10M $2.407M $1.107M
Short-Term Investments
Other Short-Term Assets $22.82M $25.28M $22.27M
YoY Change -0.15% 12.27% 10.06%
Inventory $108.5M $276.0M $294.0M
Prepaid Expenses
Receivables $183.0M $360.2M $202.9M
Other Receivables $14.90M $14.80M $14.50M
Total Short-Term Assets $616.0M $1.012B $756.1M
YoY Change 10.78% 33.08% 19.21%
LONG-TERM ASSETS
Property, Plant & Equipment $4.991B $4.916B $4.818B
YoY Change 8.07% 8.83% 9.82%
Goodwill
YoY Change
Intangibles $1.065M $1.818M $2.348M
YoY Change -69.09% -58.08% -53.31%
Long-Term Investments $105.1M $106.2M $106.6M
YoY Change -4.41% -7.07% -6.95%
Other Assets $72.75M $68.67M $64.79M
YoY Change 21.99% 37.31% 29.79%
Total Long-Term Assets $5.680B $5.598B $5.505B
YoY Change 6.89% 7.23% 8.2%
TOTAL ASSETS
Total Short-Term Assets $616.0M $1.012B $756.1M
Total Long-Term Assets $5.680B $5.598B $5.505B
Total Assets $6.296B $6.610B $6.261B
YoY Change 7.26% 10.52% 9.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $121.8M $110.5M $156.6M
YoY Change -1.13% -34.32% -29.94%
Accrued Expenses $5.308M $4.661M $4.562M
YoY Change 8.82% 2.87% 6.09%
Deferred Revenue $41.25M $39.55M $35.55M
YoY Change -23.77% -25.16% 1937.08%
Short-Term Debt $187.7M $464.5M $424.0M
YoY Change -37.91% -4.82% 12.36%
Long-Term Debt Due $152.2M $80.12M $75.07M
YoY Change 520.13% 7.59% 3.06%
Total Short-Term Liabilities $711.5M $1.066B $1.104B
YoY Change -19.35% -2.87% 5.02%
LONG-TERM LIABILITIES
Long-Term Debt $2.642B $2.691B $2.485B
YoY Change 13.92% 18.32% 14.95%
Other Long-Term Liabilities $11.17M $11.31M $9.091M
YoY Change 40.13% 42.4% -23.98%
Total Long-Term Liabilities $941.6M $930.2M $854.7M
YoY Change 6.5% 4.25% -2.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $711.5M $1.066B $1.104B
Total Long-Term Liabilities $941.6M $930.2M $854.7M
Total Liabilities $1.653B $1.996B $1.959B
YoY Change -6.41% 0.32% 1.53%
SHAREHOLDERS EQUITY
Retained Earnings $1.218B $1.146B $1.068B
YoY Change 13.61% 13.32% 14.22%
Common Stock $771.7M $769.7M $761.3M
YoY Change 1.62% 2.03% 2.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.001B $1.923B $1.817B
YoY Change
Total Liabilities & Shareholders Equity $6.296B $6.610B $6.261B
YoY Change 7.26% 10.52% 9.42%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $110.2M $115.9M $54.52M
YoY Change 14.8% 4.14% -4912.18%
Depreciation, Depletion And Amortization $38.09M $36.68M $34.55M
YoY Change 21.17% 20.7% 17.47%
Cash From Operating Activities $432.1M -$88.95M $87.60M
YoY Change 17.45% 137.78% 78.21%
INVESTING ACTIVITIES
Capital Expenditures $107.8M $138.6M -$145.9M
YoY Change -183.47% -189.31% -19.97%
Acquisitions
YoY Change
Other Investing Activities -$8.415M -$6.968M -$9.766M
YoY Change 128.54% -21.44% -1.79%
Cash From Investing Activities -$116.2M -$145.6M -$155.7M
YoY Change -12.5% -11.27% -19.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -291.2M $235.9M 41.52M
YoY Change 30.92% 19.17% -70.99%
NET CHANGE
Cash From Operating Activities 432.1M -$88.95M 87.60M
Cash From Investing Activities -116.2M -$145.6M -155.7M
Cash From Financing Activities -291.2M $235.9M 41.52M
Net Change In Cash 24.69M $1.416M -26.54M
YoY Change 95.21% -140.57% -80527.27%
FREE CASH FLOW
Cash From Operating Activities $432.1M -$88.95M $87.60M
Capital Expenditures $107.8M $138.6M -$145.9M
Free Cash Flow $324.3M -$227.5M $233.5M
YoY Change -34.74% -293.2% 0.88%

Facts In Submission

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CY2021Q4 us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
3805000 usd
CY2022Q4 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3642000 usd
CY2021Q4 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3433000 usd
CY2022Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
235925000 usd
CY2021Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
197971000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1416000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3490000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1452000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6043000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2868000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2553000 usd
CY2022Q4 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
247080000 usd
CY2021Q4 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
117010000 usd
CY2022Q4 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-17974000 usd
CY2021Q4 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
48866000 usd
CY2022Q4 us-gaap Increase Decrease In Recoverable Refundable Gas Costs
IncreaseDecreaseInRecoverableRefundableGasCosts
-27904000 usd
CY2021Q4 us-gaap Increase Decrease In Recoverable Refundable Gas Costs
IncreaseDecreaseInRecoverableRefundableGasCosts
4505000 usd
CY2022Q4 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-76930000 usd
CY2021Q4 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-18752000 usd
CY2022Q4 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
11000 usd
CY2021Q4 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-10000 usd
CY2022Q4 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
0 usd
CY2021Q4 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
51107000 usd
CY2022Q4 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-35361000 usd
CY2021Q4 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-44374000 usd
CY2022Q4 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
10456000 usd
CY2021Q4 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
6951000 usd
CY2022Q4 njr Increase Decrease In Prepaid And Accrued Taxes
IncreaseDecreaseInPrepaidAndAccruedTaxes
39301000 usd
CY2021Q4 njr Increase Decrease In Prepaid And Accrued Taxes
IncreaseDecreaseInPrepaidAndAccruedTaxes
31205000 usd
CY2022Q4 us-gaap Increase Decrease In Payables To Broker Dealers
IncreaseDecreaseInPayablesToBrokerDealers
-56460000 usd
CY2021Q4 us-gaap Increase Decrease In Payables To Broker Dealers
IncreaseDecreaseInPayablesToBrokerDealers
-459000 usd
CY2022Q4 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
7724000 usd
CY2021Q4 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
6080000 usd
CY2022Q4 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1652000 usd
CY2021Q4 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
660000 usd
CY2022Q4 njr Increase Decrease In Operating Capital Current
IncreaseDecreaseInOperatingCapitalCurrent
335025000 usd
CY2021Q4 njr Increase Decrease In Operating Capital Current
IncreaseDecreaseInOperatingCapitalCurrent
153195000 usd
CY2022Q4 us-gaap Interest Paid Net
InterestPaidNet
22986000 usd
CY2021Q4 us-gaap Interest Paid Net
InterestPaidNet
13935000 usd
CY2022Q4 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
30000 usd
CY2021Q4 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-229000 usd
CY2022Q4 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
24119000 usd
CY2021Q4 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
57129000 usd
CY2022Q4 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
3627112000 usd
CY2022Q3 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
3576691000 usd
CY2022Q4 njr Public Utilities Property Plantand Equipment Workin Progress
PublicUtilitiesPropertyPlantandEquipmentWorkinProgress
182309000 usd
CY2022Q3 njr Public Utilities Property Plantand Equipment Workin Progress
PublicUtilitiesPropertyPlantandEquipmentWorkinProgress
162087000 usd
CY2022Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
1633823000 usd
CY2022Q3 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
1577259000 usd
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
199330000 usd
CY2022Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
199679000 usd
CY2022Q4 njr Public Utilities And Other Property Plantand Equipment Gross
PublicUtilitiesAndOtherPropertyPlantandEquipmentGross
5642574000 usd
CY2022Q3 njr Public Utilities And Other Property Plantand Equipment Gross
PublicUtilitiesAndOtherPropertyPlantandEquipmentGross
5515716000 usd
CY2022Q4 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
676944000 usd
CY2022Q3 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
659737000 usd
CY2022Q4 njr Accumulated Depreciation Depletionand Amortization Other Property Plantand Equipment
AccumulatedDepreciationDepletionandAmortizationOtherPropertyPlantandEquipment
217098000 usd
CY2022Q3 njr Accumulated Depreciation Depletionand Amortization Other Property Plantand Equipment
AccumulatedDepreciationDepletionandAmortizationOtherPropertyPlantandEquipment
206053000 usd
CY2022Q4 njr Public Utilities And Other Property Plantand Equipment Net
PublicUtilitiesAndOtherPropertyPlantandEquipmentNet
4748532000 usd
CY2022Q3 njr Public Utilities And Other Property Plantand Equipment Net
PublicUtilitiesAndOtherPropertyPlantandEquipmentNet
4649926000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2407000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1107000 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
370965000 usd
CY2022Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
222297000 usd
CY2022Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
109147000 usd
CY2022Q3 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
13769000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
10771000 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
19379000 usd
CY2022Q4 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
61355000 usd
CY2022Q3 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
40086000 usd
CY2022Q4 us-gaap Energy Related Inventory Natural Gas In Storage
EnergyRelatedInventoryNaturalGasInStorage
254360000 usd
CY2022Q3 us-gaap Energy Related Inventory Natural Gas In Storage
EnergyRelatedInventoryNaturalGasInStorage
273644000 usd
CY2022Q4 us-gaap Other Inventory
OtherInventory
21634000 usd
CY2022Q3 us-gaap Other Inventory
OtherInventory
20324000 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
19028000 usd
CY2022Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
8572000 usd
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
20568000 usd
CY2022Q3 us-gaap Prepaid Taxes
PrepaidTaxes
54501000 usd
CY2022Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
44678000 usd
CY2022Q3 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
24635000 usd
CY2022Q4 us-gaap Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
93173000 usd
CY2022Q3 us-gaap Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
94261000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
25280000 usd
CY2022Q3 us-gaap Other Assets Current
OtherAssetsCurrent
22270000 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
1011824000 usd
CY2022Q3 us-gaap Assets Current
AssetsCurrent
756087000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
106174000 usd
CY2022Q3 us-gaap Equity Method Investments
EquityMethodInvestments
106571000 usd
CY2022Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
495849000 usd
CY2022Q3 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
500666000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
167129000 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
168520000 usd
CY2022Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
3445000 usd
CY2022Q3 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
6385000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1818000 usd
CY2022Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2348000 usd
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
6649000 usd
CY2022Q3 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
6120000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
68674000 usd
CY2022Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
64793000 usd
CY2022Q4 us-gaap Assets Noncurrent Other Than Noncurrent Investments And Property Plant And Equipment
AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment
849738000 usd
CY2022Q3 us-gaap Assets Noncurrent Other Than Noncurrent Investments And Property Plant And Equipment
AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment
855403000 usd
CY2022Q4 us-gaap Assets
Assets
6610094000 usd
CY2022Q3 us-gaap Assets
Assets
6261416000 usd
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
2.50
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
2.50
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
96803490 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
96249859 shares
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
241845000 usd
CY2022Q3 us-gaap Common Stock Value
CommonStockValue
241616000 usd
CY2022Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
527846000 usd
CY2022Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
519697000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-4522000 usd
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-4826000 usd
CY2022Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
148914 shares
CY2022Q3 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
611045 shares
CY2022Q4 njr Stockholders Equity Treasury Stock And Other Value
StockholdersEquityTreasuryStockAndOtherValue
11842000 usd
CY2022Q3 njr Stockholders Equity Treasury Stock And Other Value
StockholdersEquityTreasuryStockAndOtherValue
-6805000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1145784000 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1067528000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
1922795000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
1817210000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2690886000 usd
CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2485402000 usd
CY2022Q4 us-gaap Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
4613681000 usd
CY2022Q3 us-gaap Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
4302612000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
80115000 usd
CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
75069000 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
464450000 usd
CY2022Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
423950000 usd
CY2022Q4 us-gaap Gas Purchase Payable Current
GasPurchasePayableCurrent
158119000 usd
CY2022Q3 us-gaap Gas Purchase Payable Current
GasPurchasePayableCurrent
235049000 usd
CY2022Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
862000 usd
CY2022Q3 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
851000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
39553000 usd
CY2022Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
35547000 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
110475000 usd
CY2022Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
156580000 usd
CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
37665000 usd
CY2022Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
37534000 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
10498000 usd
CY2022Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
5130000 usd
CY2022Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
49382000 usd
CY2022Q3 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
31090000 usd
CY2022Q4 njr Clean Energy Program Current
CleanEnergyProgramCurrent
14090000 usd
CY2022Q3 njr Clean Energy Program Current
CleanEnergyProgramCurrent
15697000 usd
CY2022Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
48104000 usd
CY2022Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
49848000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4661000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4562000 usd
CY2022Q4 us-gaap Commissions Payable To Broker Dealers And Clearing Organizations
CommissionsPayableToBrokerDealersAndClearingOrganizations
7297000 usd
CY2022Q3 us-gaap Commissions Payable To Broker Dealers And Clearing Organizations
CommissionsPayableToBrokerDealersAndClearingOrganizations
0 usd
CY2022Q4 us-gaap Deferred Income Current
DeferredIncomeCurrent
40970000 usd
CY2022Q3 us-gaap Deferred Income Current
DeferredIncomeCurrent
33246000 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1066241000 usd
CY2022Q3 us-gaap Liabilities Current
LiabilitiesCurrent
1104153000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
255073000 usd
CY2022Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
238928000 usd
CY2022Q4 us-gaap Accumulated Deferred Investment Tax Credit
AccumulatedDeferredInvestmentTaxCredit
2643000 usd
CY2022Q3 us-gaap Accumulated Deferred Investment Tax Credit
AccumulatedDeferredInvestmentTaxCredit
2710000 usd
CY2022Q4 njr Deferred Gain Noncurrent
DeferredGainNoncurrent
49939000 usd
CY2022Q3 njr Deferred Gain Noncurrent
DeferredGainNoncurrent
753000 usd
CY2022Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
23477000 usd
CY2022Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
14191000 usd
CY2022Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
125717000 usd
CY2022Q3 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
127060000 usd
CY2022Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
83892000 usd
CY2022Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
82867000 usd
CY2022Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
184740000 usd
CY2022Q3 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
185634000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
137627000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
138382000 usd
CY2022Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
55750000 usd
CY2022Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
55035000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
11314000 usd
CY2022Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9091000 usd
CY2022Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
930172000 usd
CY2022Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
854651000 usd
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6610094000 usd
CY2022Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6261416000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
1817210000 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
115921000 usd
CY2022Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
304000 usd
CY2022Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3472000 usd
CY2022Q4 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
3866000 usd
CY2022Q4 njr Stock Issued During Period Value Dividend Reinvestment Plan Waiver Discount
StockIssuedDuringPeriodValueDividendReinvestmentPlanWaiverDiscount
17919000 usd
CY2022Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.39
CY2022Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
37665000 usd
CY2022Q4 njr Stockholders Equity Treasury Stock Activity And Other
StockholdersEquityTreasuryStockActivityAndOther
-1768000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
1922795000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
1630862000 usd
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
111312000 usd
CY2021Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1030000 usd
CY2021Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
7502000 usd
CY2021Q4 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
3678000 usd
CY2021Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.3625
CY2021Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
34787000 usd
CY2021Q4 njr Stockholders Equity Treasury Stock Activity And Other
StockholdersEquityTreasuryStockActivityAndOther
2619000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1716978000 usd
CY2022Q4 us-gaap Nature Of Operations
NatureOfOperations
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1. NATURE OF THE BUSINESS</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company provides regulated natural gas distribution services, transmission and storage services and operates certain unregulated businesses primarily through the following:</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">NJNG provides natural gas utility service to approximately 572,500 customers throughout Burlington, Middlesex, Monmouth, Morris, Ocean and Sussex counties in New Jersey and is subject to rate regulation by the BPU. NJNG comprises the Natural Gas Distribution segment.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">NJRCEV, the Company's clean energy subsidiary, comprises the Clean Energy Ventures segment and invests in, owns and operates clean energy projects, including commercial and residential solar installations located in New Jersey, Connecticut, Rhode Island and New York.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">NJRES comprises the Energy Services segment. Energy Services maintains and transacts around a portfolio of natural gas transportation and storage capacity contracts and provides physical wholesale energy, retail energy and energy management services in the U.S. and Canada.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">NJR Midstream Holdings Corporation, which comprises the Storage and Transportation segment, invests in energy-related ventures through its subsidiaries. The Company operates natural gas storage and transmission assets through the wholly-owned subsidiaries of Leaf River and Adelphia Gateway, and is subject to rate regulation by FERC. The Company holds a 50 percent combined ownership interest in Steckman Ridge, located in Pennsylvania which are accounted for under the equity method of accounting and 20 percent ownership interest in PennEast, which ceased operations in fiscal 2022. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">NJR Retail Holdings Corporation has one principal subsidiary, NJRHS, which provides heating, central air conditioning, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey. NJRHS is included in Home Services and Other operations.</span></div>
CY2022Q4 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires the Company to make estimates that affect the reported amounts of assets, liabilities, revenues, expenses and related disclosure of contingencies during the reporting period. On a quarterly basis or more frequently whenever events or changes in circumstances indicate a need, the Company evaluates its estimates, including those related to the calculation of the fair value of derivative instruments, debt, equity method investments, unbilled revenues, allowance for doubtful accounts, provisions for depreciation and amortization, long-lived assets, regulatory assets and liabilities, income taxes, pensions and other postemployment benefits, contingencies related to environmental matters and litigation. Asset retirement obligations are evaluated periodically as required. The Company’s estimates are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has legal, regulatory and environmental proceedings during the normal course of business that can result in loss contingencies. When evaluating the potential for a loss, the Company will establish a reserve if a loss is probable and can be reasonably estimated, in which case it is the Company’s policy to accrue the full amount of such estimates. Where the information is sufficient only to establish a range of probable liability, and no point within the range is more likely than any other, it is the Company’s policy to accrue the lower end of the range. In the normal course of business, estimated amounts are subsequently adjusted to actual results that may differ from estimates.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In March 2020, COVID-19 was declared a pandemic by the World Health Organization and the Centers for Disease Control and Prevention and has spread globally, including throughout the U.S. The Company’s Unaudited Condensed Consolidated Financial Statements reflect estimates and assumptions made by management that affect the reported amounts of assets and liabilities at the balance sheet date and reported amounts of revenue and expenses during the reporting periods presented. The Company considered the impacts of COVID-19 on the assumptions and estimates used and determined that there have been no material adverse impacts on the Company’s results of operations as of December 31, 2022.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company continues to closely monitor developments related to the COVID-19 pandemic and has, when appropriate, taken steps to ensure business continuity in the safe operation of its business. These steps include working from home for office-based employees utilizing a hybrid schedule and limiting direct contact with customers. While the Company and many businesses generally have returned to normal operating practices, this remains an evolving situation. The timing for recovery of businesses and local economies, resurgences or mutations of the virus, and any potential future shutdowns remains unknown. Throughout the COVID-19 pandemic, the Company has continued to provide essential services to our customers. Both the Company and NJNG continue to have sufficient liquidity to meet their current obligations and business operations remain fundamentally unchanged at this time. The Company will continue to monitor developments affecting its employees, customers, and operations and take additional steps to address the COVID-19 pandemic and its impacts, as necessary. The Company considered the impacts of COVID-19 on the assumptions and estimates used and determined that there have been no material adverse impacts on the Company’s results of operations as of December 31, 2022.</span></div>
CY2021Q3 njr Number Of Megawatts
NumberOfMegawatts
5 megawatt
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2407000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1107000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1259000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
461000 usd
CY2022Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
345000 usd
CY2021Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1294000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2868000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1452000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2553000 usd
CY2022Q3 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
34700000 usd
CY2022Q4 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
34700000 usd
CY2022Q4 us-gaap Energy Related Inventory Natural Gas In Storage
EnergyRelatedInventoryNaturalGasInStorage
254360000 usd
CY2022Q4 njr Energy Related Inventory Natural Gasin Storage Bcf
EnergyRelatedInventoryNaturalGasinStorageBCF
40100000 bcf
CY2022Q3 us-gaap Energy Related Inventory Natural Gas In Storage
EnergyRelatedInventoryNaturalGasInStorage
273644000 usd
CY2022Q3 njr Energy Related Inventory Natural Gasin Storage Bcf
EnergyRelatedInventoryNaturalGasinStorageBCF
39800000 bcf
CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
364551000 usd
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
6649000 usd
CY2022Q3 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
6120000 usd
CY2022Q4 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
114000 usd
CY2021Q4 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
113000 usd
CY2022Q4 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
91000 usd
CY2022Q4 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-304000 usd
CY2021Q4 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
312000 usd
CY2021Q4 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-1030000 usd
CY2022Q4 njr Alternative Revenue Programs Revenue
AlternativeRevenueProgramsRevenue
-3465000 usd
CY2022Q4 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
370864000 usd
CY2022Q4 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
359016000 usd
CY2022Q4 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
723567000 usd
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
284090000 usd
CY2021Q4 njr Alternative Revenue Programs Revenue
AlternativeRevenueProgramsRevenue
10654000 usd
CY2021Q4 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
384554000 usd
CY2021Q4 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
391752000 usd
CY2021Q4 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
675842000 usd
CY2022Q4 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
359016000 usd
CY2022Q4 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
723567000 usd
CY2021Q4 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
391752000 usd
CY2021Q4 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
675842000 usd
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
33246000 usd
CY2022Q4 njr Contract With Customer Increase Decrease For Contract Liability
ContractWithCustomerIncreaseDecreaseForContractLiability
7724000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
40970000 usd
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
32586000 usd
CY2021Q4 njr Contract With Customer Increase Decrease For Contract Liability
ContractWithCustomerIncreaseDecreaseForContractLiability
6080000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
38666000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
40970000 usd
CY2022Q4 njr Contract With Customer Assets Liabilities Net
ContractWithCustomerAssetsLiabilitiesNet
439142000 usd
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
33246000 usd
CY2022Q3 njr Contract With Customer Assets Liabilities Net
ContractWithCustomerAssetsLiabilitiesNet
202820000 usd
CY2021Q2 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
92000000 usd
CY2022Q4 us-gaap Concentration Risk Credit Risk Financial Instrument Maximum Exposure
ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure
420660000 usd
CY2022Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
258000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
37000000 usd
CY2022Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
30300000 usd
CY2021Q2 njr Equity Method Investment Other Than Temporary Impairment Net Of Tax
EquityMethodInvestmentOtherThanTemporaryImpairmentNetOfTax
74500000 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
115921000 usd
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
111312000 usd
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
96485000 shares
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
95944000 shares
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
95944000 shares
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.20
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.16
CY2022Q4 njr Effective Income Tax Rate Reconciliation Forecasted Percent
EffectiveIncomeTaxRateReconciliationForecastedPercent
0.225
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
96485000 shares
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
95944000 shares
CY2022Q4 njr Incremental Common Shares Attributableto Other Dilutive Effect
IncrementalCommonSharesAttributabletoOtherDilutiveEffect
598000 shares
CY2021Q4 njr Incremental Common Shares Attributableto Other Dilutive Effect
IncrementalCommonSharesAttributabletoOtherDilutiveEffect
412000 shares
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
97083000 shares
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
96356000 shares
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
96356000 shares
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.19
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.16
CY2022Q4 njr Effective Income Tax Rate Reconciliation Discrete Adjustments Amount
EffectiveIncomeTaxRateReconciliationDiscreteAdjustmentsAmount
-554000 usd
CY2021Q4 njr Effective Income Tax Rate Reconciliation Discrete Adjustments Amount
EffectiveIncomeTaxRateReconciliationDiscreteAdjustmentsAmount
166000 usd
CY2022Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.222
CY2021Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.217
CY2022Q4 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
177800000 usd
CY2022Q3 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
211800000 usd
CY2022Q4 njr Operating Loss Carryforward Expiration Terms
OperatingLossCarryforwardExpirationTerms
P20Y
CY2022Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
56600000 usd
CY2022Q3 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
56600000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
21900000 usd
CY2022Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
16900000 usd
CY2022Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
22200000 usd
CY2022Q3 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
17200000 usd
CY2020Q4 njr Investment Tax Credit Solar Property Percentage
InvestmentTaxCreditSolarPropertyPercentage
0.26
CY2022Q4 njr Investment Tax Credit Solar Property Percentage
InvestmentTaxCreditSolarPropertyPercentage
0.26
CY2021Q4 njr Investment Tax Credit Solar Property Percentage
InvestmentTaxCreditSolarPropertyPercentage
0.26
CY2022Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
2417000 usd
CY2021Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
2119000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
485000 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
396000 usd
CY2022Q4 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
235000 usd
CY2021Q4 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
80000 usd
CY2022Q4 njr Finance Lease Cost
FinanceLeaseCost
720000 usd
CY2021Q4 njr Finance Lease Cost
FinanceLeaseCost
476000 usd
CY2022Q4 us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 usd
CY2021Q4 us-gaap Short Term Lease Cost
ShortTermLeaseCost
11000 usd
CY2022Q4 us-gaap Variable Lease Cost
VariableLeaseCost
223000 usd
CY2021Q4 us-gaap Variable Lease Cost
VariableLeaseCost
191000 usd
CY2022Q4 us-gaap Lease Cost
LeaseCost
3360000 usd
CY2021Q4 us-gaap Lease Cost
LeaseCost
2797000 usd
CY2022Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
1231000 usd
CY2021Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
2037000 usd
CY2022Q4 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
235000 usd
CY2021Q4 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
170000 usd
CY2022Q4 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1699000 usd
CY2021Q4 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2275000 usd
CY2022Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
120000 usd
CY2021Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
808000 usd
CY2021Q4 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
17300000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
167129000 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
168520000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
29868000 usd
CY2022Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
21913000 usd
CY2022Q4 njr Lease Rightof Use Asset
LeaseRightofUseAsset
196997000 usd
CY2022Q3 njr Lease Rightof Use Asset
LeaseRightofUseAsset
190433000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4661000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4562000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
8920000 usd
CY2022Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
6538000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
137627000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
138382000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
28112000 usd
CY2022Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
23752000 usd
CY2022Q4 njr Lease Liability
LeaseLiability
179320000 usd
CY2022Q3 njr Lease Liability
LeaseLiability
173234000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P29Y1M6D
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P29Y2M12D
CY2022Q3 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.032
CY2022Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.032
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y10M24D
CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2022Q4 us-gaap Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
0.028
CY2022Q4 njr Current Charges Recoverable Through Bgss
CurrentChargesRecoverableThroughBgss
191400000 usd
CY2022Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Remainder Of Fiscal Year
RecordedUnconditionalPurchaseObligationDueInRemainderOfFiscalYear
300487000 usd
CY2022Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
235465000 usd
CY2022Q4 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
198440000 usd
CY2022Q4 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
174722000 usd
CY2022Q4 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
158995000 usd
CY2022Q4 njr Purchase Obligation To Be Paid After Year Four
PurchaseObligationToBePaidAfterYearFour
1084244000 usd
CY2022Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
125700000 usd
CY2022Q4 njr Site Contingency Recoveryfrom Third Partyof Environmental Remediation Cost Period
SiteContingencyRecoveryfromThirdPartyofEnvironmentalRemediationCostPeriod
P7Y
CY2022Q4 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
723567000 usd
CY2021Q4 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
675842000 usd
CY2022Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36683000 usd
CY2021Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
30393000 usd
CY2022Q4 us-gaap Investment Income Interest
InvestmentIncomeInterest
1959000 usd
CY2021Q4 us-gaap Investment Income Interest
InvestmentIncomeInterest
501000 usd
CY2022Q4 us-gaap Interest Expense
InterestExpense
29491000 usd
CY2021Q4 us-gaap Interest Expense
InterestExpense
19477000 usd
CY2022Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
32978000 usd
CY2021Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
30807000 usd
CY2022Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
946000 usd
CY2021Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
575000 usd
CY2022Q4 njr Net Financial Earnings Loss
NetFinancialEarningsLoss
110284000 usd
CY2021Q4 njr Net Financial Earnings Loss
NetFinancialEarningsLoss
65770000 usd
CY2022Q4 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
145923000 usd
CY2021Q4 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
164298000 usd
CY2022Q4 us-gaap Assets
Assets
6610094000 usd
CY2022Q3 us-gaap Assets
Assets
6261416000 usd
CY2022Q4 njr Net Financial Earnings Loss
NetFinancialEarningsLoss
110284000 usd
CY2021Q4 njr Net Financial Earnings Loss
NetFinancialEarningsLoss
65770000 usd
CY2022Q4 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
31503000 usd
CY2021Q4 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
82191000 usd
CY2022Q4 njr Unrealized Gain Losson Derivativesand Commodity Contracts Tax
UnrealizedGainLossonDerivativesandCommodityContractsTax
7487000 usd
CY2021Q4 njr Unrealized Gain Losson Derivativesand Commodity Contracts Tax
UnrealizedGainLossonDerivativesandCommodityContractsTax
19536000 usd
CY2022Q4 njr Increase Decreasein Economic Hedging Relatedto Natural Gas Inventory Before Taxes
IncreaseDecreaseinEconomicHedgingRelatedtoNaturalGasInventoryBeforeTaxes
-23972000 usd
CY2021Q4 njr Increase Decreasein Economic Hedging Relatedto Natural Gas Inventory Before Taxes
IncreaseDecreaseinEconomicHedgingRelatedtoNaturalGasInventoryBeforeTaxes
-23577000 usd
CY2022Q4 njr Effectsof Economic Hedging Relatedto Natural Gas Inventory Tax
EffectsofEconomicHedgingRelatedtoNaturalGasInventoryTax
-5697000 usd
CY2021Q4 njr Effectsof Economic Hedging Relatedto Natural Gas Inventory Tax
EffectsofEconomicHedgingRelatedtoNaturalGasInventoryTax
-5603000 usd
CY2022Q4 njr Income Tax Expense Benefiton Financial Earnings Loss
IncomeTaxExpenseBenefitonFinancialEarningsLoss
104000 usd
CY2021Q4 njr Income Tax Expense Benefiton Financial Earnings Loss
IncomeTaxExpenseBenefitonFinancialEarningsLoss
-861000 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
115921000 usd
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
111312000 usd
CY2022Q4 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
1827000 usd
CY2021Q4 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
1846000 usd
CY2022Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
862000 usd
CY2022Q3 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
851000 usd
CY2022Q4 njr Numberof Asset Management Agreement
NumberofAssetManagementAgreement
1 lease

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