Description
New Jersey Resources’ Hidden Growth Engine — Storage & Transportation Takes Off!
New Jersey Resources Corporation reported solid fiscal 2026 third-quarter performance across New Jersey Natural Gas, Storage and Transportation, and Clean Energy Ventures. The company continues balancing customer affordability with investments in reliability and system resilience. NJNG filed a package with the New Jersey Board of Public Utilities intended to provide bill stability and customer relief ahead of winter while supporting longer-term infrastructure spending. Management expects customer bills to remain nearly flat once all components are implemented. Storage and Transportation reached an important milestone with Federal Energy Regulatory Commission approval for the Leaf River expansion, advancing the project ahead of schedule. Favorable recontracting also improved earnings visibility, with management expecting S&T earnings to double between fiscal 2025 and fiscal 2027. Additional growth opportunities remain at Leaf River and other midstream assets, supported by continued capital investment tied to market demand.
