Provides natural gas distribution services and clean energy solutions to customers in New Jersey, with a focus on sustainability and innovation.
New Jersey Resources Corporation is an energy services holding company that operates across various segments to deliver regulated gas distribution, retail, and wholesale energy solutions. The company's operations are structured into four key segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. In its Natural Gas Distribution segment, New Jersey Resources provides regulated natural gas utility services to approximately 569,300 residential and commercial customers across several counties in New Jersey. Additionally, it engages in capacity and storage management services, participating actively in off-system sales and capacity release markets.
The Clean Energy Ventures segment of the company focuses on investment, ownership, and operation of commercial and residential solar installations. These installations are strategically positioned in states such as New Jersey, Connecticut, Rhode Island, and New York, emphasizing New Jersey Resources' commitment to expanding its footprint in renewable energy initiatives. The Energy Services segment operates in the unregulated wholesale energy management sector, offering services to energy companies and natural gas producers. It also manages a portfolio of physical assets, including natural gas transportation and storage contracts in the United States and Canada.
New Jersey Resources' Storage and Transportation segment plays a crucial role in investing in and managing natural gas transportation and storage facilities. Beyond its core energy activities, the company provides a range of additional services, including heating, ventilation, and cooling services, manages commercial real estate properties, and offers solar equipment installation and plumbing repair and installation services. It also engages in the sale, installation, and servicing of water appliances, reflecting its diversified business interests across the energy and utility sectors.
Founded in 1981 and headquartered in Wall, New Jersey, New Jersey Resources Corporation continues to innovate and expand its capabilities in energy services and solutions. With a strong emphasis on customer service and operational excellence, the company remains a pivotal player in the energy sector, driving sustainable growth and contributing to the communities it serves.