2023 Q3 Form 10-Q Financial Statement

#000035630923000044 Filed on August 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $331.3M $264.1M
YoY Change -56.72% -52.19%
Cost Of Revenue $124.0M $120.1M
YoY Change -76.51% -69.43%
Gross Profit $207.3M $143.9M
YoY Change -12.78% -9.7%
Gross Profit Margin 62.57% 54.51%
Selling, General & Admin $5.800M $6.120M
YoY Change -4.42% -43.78%
% of Gross Profit 2.8% 4.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $39.20M $38.88M
YoY Change 13.46% 18.27%
% of Gross Profit 18.91% 27.01%
Operating Expenses $143.0M $139.2M
YoY Change -8.78% 7.41%
Operating Profit $64.30M $4.734M
YoY Change -20.53% -84.12%
Interest Expense -$33.10M -$30.12M
YoY Change 27.23% -240.67%
% of Operating Profit -51.48% -636.23%
Other Income/Expense, Net $10.90M $5.711M
YoY Change 11.86% 33.19%
Pretax Income $42.10M -$19.67M
YoY Change -34.86% -255.08%
Income Tax $6.200M -$20.51M
% Of Pretax Income 14.73%
Net Earnings $37.00M $1.532M
YoY Change -32.14% -88.26%
Net Earnings / Revenue 11.17% 0.58%
Basic Earnings Per Share $0.02
Diluted Earnings Per Share $0.38 $0.02
COMMON SHARES
Basic Shares Outstanding 97.56M shares 96.96M shares
Diluted Shares Outstanding 97.89M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.000M $511.0K
YoY Change -9.67% -98.15%
Cash & Equivalents $954.0K $511.0K
Short-Term Investments
Other Short-Term Assets $21.07M $24.24M
YoY Change -5.38% 10.45%
Inventory $226.5M $185.9M
Prepaid Expenses
Receivables $86.50M $97.96M
Other Receivables $15.10M $15.00M
Total Short-Term Assets $532.1M $520.4M
YoY Change -29.63% -29.69%
LONG-TERM ASSETS
Property, Plant & Equipment $5.198B $5.057B
YoY Change 7.87% 7.35%
Goodwill
YoY Change
Intangibles $77.00K $567.0K
YoY Change -96.72% -80.4%
Long-Term Investments $104.1M $104.4M
YoY Change -2.29% -3.53%
Other Assets $61.58M $67.16M
YoY Change -4.96% 15.29%
Total Long-Term Assets $6.005B $5.792B
YoY Change 9.08% 6.83%
TOTAL ASSETS
Total Short-Term Assets $532.1M $520.4M
Total Long-Term Assets $6.005B $5.792B
Total Assets $6.537B $6.313B
YoY Change 4.41% 2.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $151.8M $122.2M
YoY Change -3.06% -5.56%
Accrued Expenses $4.800M $5.273M
YoY Change 5.22% 7.77%
Deferred Revenue $61.40M $42.47M
YoY Change 72.74% -7.78%
Short-Term Debt $252.1M $145.2M
YoY Change -40.54% -60.79%
Long-Term Debt Due $116.2M $162.3M
YoY Change 54.79% 556.94%
Total Short-Term Liabilities $806.6M $669.0M
YoY Change -26.95% -31.0%
LONG-TERM LIABILITIES
Long-Term Debt $2.768B $2.729B
YoY Change 11.37% 8.08%
Other Long-Term Liabilities $13.26M $11.21M
YoY Change 45.88% 27.2%
Total Long-Term Liabilities $972.1M $919.7M
YoY Change 13.75% 2.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $806.6M $669.0M
Total Long-Term Liabilities $972.1M $919.7M
Total Liabilities $1.779B $1.589B
YoY Change -9.19% -14.98%
SHAREHOLDERS EQUITY
Retained Earnings $1.178B $1.182B
YoY Change 10.33% 12.49%
Common Stock $802.1M $798.0M
YoY Change 5.36% 4.97%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.991B $1.995B
YoY Change
Total Liabilities & Shareholders Equity $6.537B $6.313B
YoY Change 4.41% 2.45%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $37.00M $1.532M
YoY Change -32.14% -88.26%
Depreciation, Depletion And Amortization $39.20M $38.88M
YoY Change 13.46% 18.27%
Cash From Operating Activities $91.10M $44.78M
YoY Change 3.99% -147.35%
INVESTING ACTIVITIES
Capital Expenditures $148.9M $105.1M
YoY Change -202.05% -181.53%
Acquisitions
YoY Change
Other Investing Activities -$11.60M -$11.30M
YoY Change 18.78% 23.36%
Cash From Investing Activities -$160.4M -$116.4M
YoY Change 3.04% -15.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 69.90M 45.13M
YoY Change 68.34% -81.62%
NET CHANGE
Cash From Operating Activities 91.10M 44.78M
Cash From Investing Activities -160.4M -116.4M
Cash From Financing Activities 69.90M 45.13M
Net Change In Cash 600.0K -26.54M
YoY Change -102.26% -307.43%
FREE CASH FLOW
Cash From Operating Activities $91.10M $44.78M
Capital Expenditures $148.9M $105.1M
Free Cash Flow -$57.80M -$60.36M
YoY Change -124.75% -275.59%

Facts In Submission

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CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1181790000 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1067528000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
1995242000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
1817210000 usd
CY2023Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2728669000 usd
CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2485402000 usd
CY2023Q2 us-gaap Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
4723911000 usd
CY2022Q3 us-gaap Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
4302612000 usd
CY2023Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
162316000 usd
CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
75069000 usd
CY2023Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
145225000 usd
CY2022Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
423950000 usd
CY2023Q2 us-gaap Gas Purchase Payable Current
GasPurchasePayableCurrent
46432000 usd
CY2022Q3 us-gaap Gas Purchase Payable Current
GasPurchasePayableCurrent
235049000 usd
CY2023Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
42465000 usd
CY2022Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
35547000 usd
CY2023Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
122236000 usd
CY2022Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
156580000 usd
CY2023Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
37981000 usd
CY2022Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
37534000 usd
CY2023Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
11478000 usd
CY2022Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
5130000 usd
CY2023Q2 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
27701000 usd
CY2022Q3 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
31090000 usd
CY2023Q2 njr Clean Energy Program Current
CleanEnergyProgramCurrent
17943000 usd
CY2022Q3 njr Clean Energy Program Current
CleanEnergyProgramCurrent
15697000 usd
CY2023Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
17563000 usd
CY2022Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
49848000 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5273000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4562000 usd
CY2023Q2 us-gaap Commissions Payable To Broker Dealers And Clearing Organizations
CommissionsPayableToBrokerDealersAndClearingOrganizations
1218000 usd
CY2022Q3 us-gaap Commissions Payable To Broker Dealers And Clearing Organizations
CommissionsPayableToBrokerDealersAndClearingOrganizations
0 usd
CY2023Q2 us-gaap Deferred Income Current
DeferredIncomeCurrent
30267000 usd
CY2022Q3 us-gaap Deferred Income Current
DeferredIncomeCurrent
33246000 usd
CY2023Q2 us-gaap Liabilities Current
LiabilitiesCurrent
668954000 usd
CY2022Q3 us-gaap Liabilities Current
LiabilitiesCurrent
1104153000 usd
CY2023Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
275238000 usd
CY2022Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
238928000 usd
CY2023Q2 us-gaap Accumulated Deferred Investment Tax Credit
AccumulatedDeferredInvestmentTaxCredit
2504000 usd
CY2022Q3 us-gaap Accumulated Deferred Investment Tax Credit
AccumulatedDeferredInvestmentTaxCredit
2710000 usd
CY2023Q2 njr Deferred Gain Noncurrent
DeferredGainNoncurrent
30872000 usd
CY2022Q3 njr Deferred Gain Noncurrent
DeferredGainNoncurrent
753000 usd
CY2023Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
13257000 usd
CY2022Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
14191000 usd
CY2023Q2 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
123070000 usd
CY2022Q3 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
127060000 usd
CY2023Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
88844000 usd
CY2022Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
82867000 usd
CY2023Q2 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
181814000 usd
CY2022Q3 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
185634000 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
135916000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
138382000 usd
CY2023Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
56992000 usd
CY2022Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
55035000 usd
CY2023Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
11208000 usd
CY2022Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9091000 usd
CY2023Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
919715000 usd
CY2022Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
854651000 usd
CY2023Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2023Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6312580000 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
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
110247000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
305000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1170000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
3671000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
1532000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
304000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
119000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
3759000 usd
CY2023Q2 njr Stock Issued During Period Value Dividend Reinvestment Plan Waiver Discount
StockIssuedDuringPeriodValueDividendReinvestmentPlanWaiverDiscount
24888000 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.39
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
37982000 usd
CY2023Q2 njr Stockholders Equity Treasury Stock Activity And Other
StockholdersEquityTreasuryStockActivityAndOther
-1786000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
1995242000 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
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
96035000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1031000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1307000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
3721000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
13053000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1030000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
56000 usd
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.3625
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
34858000 usd
CY2022Q2 njr Stockholders Equity Treasury Stock Activity And Other
StockholdersEquityTreasuryStockActivityAndOther
-1579000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
1768683000 usd
CY2023Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
509000 usd
CY2022Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
345000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1020000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1452000 usd
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 574,900 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 is 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>
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>
CY2021Q3 njr Number Of Megawatts
NumberOfMegawatts
5 megawatt
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
511000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1107000 usd
CY2023Q2 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
91000 usd
CY2023Q2 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-304000 usd
CY2022Q2 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
311000 usd
CY2022Q2 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-1030000 usd
us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
275000 usd
CY2023Q2 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
36900000 usd
CY2022Q3 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
34700000 usd
CY2023Q2 us-gaap Energy Related Inventory Natural Gas In Storage
EnergyRelatedInventoryNaturalGasInStorage
155077000 usd
CY2023Q2 njr Energy Related Inventory Natural Gasin Storage Bcf
EnergyRelatedInventoryNaturalGasinStorageBCF
41500000 bcf
CY2023Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
7625000 usd
CY2022Q3 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
6120000 usd
CY2023Q2 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
125000 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
387000 usd
CY2022Q2 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
113000 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
339000 usd
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-913000 usd
us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
935000 usd
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-3091000 usd
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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%">Reclassification</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%">Certain prior period amounts have been reclassified to conform to the current period presentation. Deferred income taxes previously classified within other noncurrent assets on the on the Unaudited Condensed Consolidated Balance Sheets has been reclassified to its own category.</span></div>
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
199315000 usd
CY2023Q2 njr Alternative Revenue Programs Revenue
AlternativeRevenueProgramsRevenue
5211000 usd
CY2023Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
60179000 usd
CY2023Q2 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
64760000 usd
CY2023Q2 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
264075000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
243639000 usd
CY2022Q2 njr Alternative Revenue Programs Revenue
AlternativeRevenueProgramsRevenue
-1810000 usd
CY2022Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
309085000 usd
CY2022Q2 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
308696000 usd
CY2022Q2 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
552335000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
948299000 usd
njr Alternative Revenue Programs Revenue
AlternativeRevenueProgramsRevenue
29016000 usd
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
663544000 usd
us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
683370000 usd
us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
1631669000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
960372000 usd
njr Alternative Revenue Programs Revenue
AlternativeRevenueProgramsRevenue
11348000 usd
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
1172384000 usd
us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
1180121000 usd
us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
2140493000 usd
CY2023Q2 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
64760000 usd
CY2023Q2 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
264075000 usd
CY2022Q2 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
308696000 usd
CY2022Q2 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
552335000 usd
us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
683370000 usd
us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
1631669000 usd
us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
1180121000 usd
us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
2140493000 usd
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
33246000 usd
njr Contract With Customer Increase Decrease For Contract Liability
ContractWithCustomerIncreaseDecreaseForContractLiability
-2979000 usd
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
30267000 usd
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
32586000 usd
njr Contract With Customer Increase Decrease For Contract Liability
ContractWithCustomerIncreaseDecreaseForContractLiability
-10370000 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
22216000 usd
CY2023Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
110463000 usd
CY2023Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
16492000 usd
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
30267000 usd
CY2023Q2 njr Contract With Customer Assets Liabilities Net
ContractWithCustomerAssetsLiabilitiesNet
96688000 usd
CY2022Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
222297000 usd
CY2022Q3 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
13769000 usd
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
33246000 usd
CY2022Q3 njr Contract With Customer Assets Liabilities Net
ContractWithCustomerAssetsLiabilitiesNet
202820000 usd
us-gaap Concentration Risk Credit Risk Financial Instrument Maximum Exposure
ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure
145872000 usd
CY2022Q3 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
161000 usd
CY2023Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
0 usd
CY2023Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
33300000 usd
CY2022Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
30300000 usd
CY2021Q2 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
92000000 usd
CY2021Q2 njr Equity Method Investment Other Than Temporary Impairment Net Of Tax
EquityMethodInvestmentOtherThanTemporaryImpairmentNetOfTax
74500000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
1532000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
13053000 usd
us-gaap Net Income Loss
NetIncomeLoss
227700000 usd
us-gaap Net Income Loss
NetIncomeLoss
220400000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
97168000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
96154000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.35
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023Q2 njr Incremental Common Shares Attributableto Other Dilutive Effect
IncrementalCommonSharesAttributabletoOtherDilutiveEffect
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CY2022Q2 njr Incremental Common Shares Attributableto Other Dilutive Effect
IncrementalCommonSharesAttributabletoOtherDilutiveEffect
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njr Incremental Common Shares Attributableto Other Dilutive Effect
IncrementalCommonSharesAttributabletoOtherDilutiveEffect
689000 shares
njr Incremental Common Shares Attributableto Other Dilutive Effect
IncrementalCommonSharesAttributabletoOtherDilutiveEffect
472000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
97886000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
96620000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2023Q2 us-gaap Earnings Per Share Diluted
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CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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njr Effective Income Tax Rate Reconciliation Forecasted Percent
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njr Effective Income Tax Rate Reconciliation Forecasted Percent
EffectiveIncomeTaxRateReconciliationForecastedPercent
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EffectiveIncomeTaxRateReconciliationDiscreteAdjustmentsAmount
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njr Effective Income Tax Rate Reconciliation Discrete Adjustments Amount
EffectiveIncomeTaxRateReconciliationDiscreteAdjustmentsAmount
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us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.159
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2023Q2 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
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CY2022Q3 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
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njr Operating Loss Carryforward Expiration Terms
OperatingLossCarryforwardExpirationTerms
P20Y
CY2023Q2 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
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CY2022Q3 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
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CY2022Q3 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
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us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
15800000 usd
CY2023Q2 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
1100000 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
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CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
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us-gaap Operating Lease Cost
OperatingLeaseCost
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us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2023Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
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CY2022Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
458000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1565000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
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CY2023Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
283000 usd
CY2022Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
220000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
816000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
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CY2023Q2 njr Finance Lease Cost
FinanceLeaseCost
823000 usd
CY2022Q2 njr Finance Lease Cost
FinanceLeaseCost
678000 usd
njr Finance Lease Cost
FinanceLeaseCost
2381000 usd
njr Finance Lease Cost
FinanceLeaseCost
1715000 usd
CY2023Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 usd
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
23000 usd
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
158000 usd
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
182000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
653000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
545000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
3257000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
3203000 usd
us-gaap Lease Cost
LeaseCost
10034000 usd
us-gaap Lease Cost
LeaseCost
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us-gaap Operating Lease Payments
OperatingLeasePayments
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us-gaap Operating Lease Payments
OperatingLeasePayments
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us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
816000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
623000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
5470000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
5540000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
407000 usd
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
87000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
911000 usd
CY2023Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2023Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
164119000 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
168520000 usd
CY2023Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
28788000 usd
CY2022Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
21913000 usd
CY2023Q2 njr Lease Rightof Use Asset
LeaseRightofUseAsset
192907000 usd
CY2022Q3 njr Lease Rightof Use Asset
LeaseRightofUseAsset
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CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5273000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4562000 usd
CY2023Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
8626000 usd
CY2022Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
6538000 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
135916000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
138382000 usd
CY2023Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
24635000 usd
CY2022Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
23752000 usd
CY2023Q2 njr Lease Liability
LeaseLiability
174450000 usd
CY2022Q3 njr Lease Liability
LeaseLiability
173234000 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P28Y10M24D
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P29Y2M12D
CY2023Q2 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.032
CY2022Q3 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.032
CY2023Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y6M
CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y
njr Current Charges Recoverable Through Bgss
CurrentChargesRecoverableThroughBgss
195500000 usd
CY2023Q2 us-gaap Recorded Unconditional Purchase Obligation Due In Remainder Of Fiscal Year
RecordedUnconditionalPurchaseObligationDueInRemainderOfFiscalYear
85578000 usd
CY2023Q2 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
301549000 usd
CY2023Q2 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
242437000 usd
CY2023Q2 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
185978000 usd
CY2023Q2 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
166206000 usd
CY2023Q2 njr Purchase Obligation To Be Paid After Year Four
PurchaseObligationToBePaidAfterYearFour
1136451000 usd
CY2023Q2 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
123100000 usd
njr Site Contingency Recoveryfrom Third Partyof Environmental Remediation Cost Period
SiteContingencyRecoveryfromThirdPartyofEnvironmentalRemediationCostPeriod
P7Y
CY2023Q2 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
264075000 usd
CY2022Q2 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
552335000 usd
us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
1631669000 usd
us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
2140493000 usd
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
38877000 usd
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32872000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
113650000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
94700000 usd
CY2023Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
2390000 usd
CY2022Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
684000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
6585000 usd
CY2023Q2 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
12970000 usd
CY2023Q2 njr Unrealized Gain Losson Derivativesand Commodity Contracts Tax
UnrealizedGainLossonDerivativesandCommodityContractsTax
3083000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
1673000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
30119000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
21411000 usd
us-gaap Interest Expense
InterestExpense
89871000 usd
us-gaap Interest Expense
InterestExpense
59814000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-20505000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4434000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
43059000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
64051000 usd
CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
701000 usd
CY2022Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4801000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2778000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6145000 usd
CY2023Q2 njr Net Financial Earnings Loss
NetFinancialEarningsLoss
9670000 usd
CY2022Q2 njr Net Financial Earnings Loss
NetFinancialEarningsLoss
-3551000 usd
njr Net Financial Earnings Loss
NetFinancialEarningsLoss
232264000 usd
njr Net Financial Earnings Loss
NetFinancialEarningsLoss
192425000 usd
CY2023Q2 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
117103000 usd
CY2022Q2 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
139804000 usd
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
380214000 usd
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
441114000 usd
CY2023Q2 njr Proceeds From Other Equity Investments
ProceedsFromOtherEquityInvestments
0 usd
CY2022Q2 njr Proceeds From Other Equity Investments
ProceedsFromOtherEquityInvestments
1479000 usd
njr Proceeds From Other Equity Investments
ProceedsFromOtherEquityInvestments
0 usd
njr Proceeds From Other Equity Investments
ProceedsFromOtherEquityInvestments
5479000 usd
CY2023Q2 us-gaap Assets
Assets
6312580000 usd
CY2022Q3 us-gaap Assets
Assets
6261416000 usd
CY2023Q2 njr Net Financial Earnings Loss
NetFinancialEarningsLoss
9670000 usd
CY2023Q2 njr Increase Decreasein Economic Hedging Relatedto Natural Gas Inventory Before Taxes
IncreaseDecreaseinEconomicHedgingRelatedtoNaturalGasInventoryBeforeTaxes
-24116000 usd
CY2023Q2 njr Effectsof Economic Hedging Relatedto Natural Gas Inventory Tax
EffectsofEconomicHedgingRelatedtoNaturalGasInventoryTax
-5731000 usd
CY2023Q2 njr Equity Method Investment Proceed Gain On Investment
EquityMethodInvestmentProceedGainOnInvestment
-100000 usd
CY2023Q2 njr Equity Method Investment Proceed On Investment Tax
EquityMethodInvestmentProceedOnInvestmentTax
24000 usd
CY2023Q2 njr Income Tax Expense Benefiton Financial Earnings Loss
IncomeTaxExpenseBenefitonFinancialEarningsLoss
-284000 usd
CY2022Q2 njr Income Tax Expense Benefiton Financial Earnings Loss
IncomeTaxExpenseBenefitonFinancialEarningsLoss
-274000 usd
njr Income Tax Expense Benefiton Financial Earnings Loss
IncomeTaxExpenseBenefitonFinancialEarningsLoss
-77000 usd
njr Income Tax Expense Benefiton Financial Earnings Loss
IncomeTaxExpenseBenefitonFinancialEarningsLoss
113000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
1532000 usd
CY2023Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
856000 usd
njr Numberof Asset Management Agreement
NumberofAssetManagementAgreement
1 lease
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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