Stock Report: New Jersey Resources Corp. (NJR) Report Updated: Jun 17, 2013 | Print This Page

New Jersey Resources Corporation, an energy services holding company, provides retail and wholesale energy services. The company’s Natural Gas Distribution segment provides regulated retail natural gas service to approximately 495,000 residential and commercial customers in central and northern New Jersey, as well as participates in the off-system sales and capacity release markets. Its Energy Services segment maintains and transacts natural gas storage and transportation contracts, and provides wholesale energy management services to other energy companies and natural gas producers. The company’s Clean Energy Ventures segment installs, operates, and maintains solar equipment on residential and commercial properties. Its Midstream Assets segment invests in natural gas midstream assets, such as natural gas transportation and storage facilities. In addition, it provides unregulated retail operations; offers heating, ventilation, and cooling (HVAC) service repair and contract services; holds and develops commercial real estate; provides plumbing repair and installation services; and makes and holds energy-related investments. As of September 30, 2011, the company owned 27 acres of undeveloped land in Monmouth County and a 56,400 square-foot building on 5 acres of land in Monmouth County; and 52 acres of undeveloped land in Atlantic County. New Jersey Resources Corporation offers its HVAC services to approximately 138,200 customers. The company was founded in 1922 and is based in Wall, New Jersey.