New Jersey Resources (NJR)

New Jersey Resources (NJR) Stock Quote Information

New Jersey Resources Corporation provides retail and wholesale energy services. It operates in two segments, Natural Gas Distribution and Energy Services. The Natural Gas Distribution segment provides regulated retail natural gas services to residential and commercial customers in central and northern New Jersey, as well as participates in the off-system sales and capacity release markets. As of September 30, 2009, it served approximately 487,000 customers. The Energy Services segment offers unregulated wholesale energy services, as well as engages in the business of optimizing natural gas storage and transportation assets in states from the Gulf Coast and Mid-Continent regions to the Appalachian and Northeast regions of the United States and Canada. This segment provides its services to local distribution companies, industrial companies, electric generators, retail aggregators, and other wholesale marketing companies. In addition, the company?s retail and other business operations consist of energy related investments, appliance and installation services, commercial real estate development, and other corporate activities. It owned approximately 83 acres of undeveloped land in Atlantic and Monmouth counties, and a 56,400 square foot office building on 5 acres of land in Monmouth County. The company was founded in 1922 and is based in Wall, New Jersey.