New jersey resources corporation
New Jersey Resources Corporation (NJRC) is a publicly traded company that provides natural gas and renewable energy services to customers in New Jersey and other parts of the United States. Here are some key facts about NJRC:
History: NJRC was founded in 1953 as a subsidiary of the New Jersey Public Service Corporation. It became an independent company in 1999.
Business Segments: NJRC operates through three main business segments:
- Natural Gas Distribution: NJRC distributes natural gas to over 500,000 customers in New Jersey through its subsidiary, New Jersey Natural Gas (NJNG).
- Clean Energy Ventures: This segment focuses on renewable energy, including solar, wind, and geothermal power. NJRC owns and operates several renewable energy facilities in New Jersey and other states.
- Energy Services: This segment provides energy-related services, including energy efficiency programs, energy storage, and energy management solutions.
Subsidiaries: NJRC has several subsidiaries, including:
- New Jersey Natural Gas (NJNG)
- Clean Energy Ventures (CEV)
- NJR Energy Services (NJRES)
- NJR Clean Energy Ventures (NJRCEV)
Financials: As of 2022, NJRC's annual revenue was approximately $2.5 billion. The company has a market capitalization of around $4.5 billion.
Community Involvement: NJRC is involved in various community initiatives, including energy efficiency programs, environmental conservation efforts, and charitable donations.
Awards and Recognition: NJRC has received several awards and recognition for its sustainability efforts, including being named one of the "Most Sustainable Companies in the World" by Corporate Knights.
Stock Information: NJRC's stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol NJR.