New Jersey Resources Q3 Natural Gas Throughput Declines, Advances Solar Growth Plans
New Jersey Resources (NJR) reported fiscal Q3 earnings Monday, showing total natural gas throughput of 51 billion cubic feet, compared with 52.9 Bcf in the year-ago quarter.Core customer throughput declined to 14.6 Bcf for the quarter ended June 30, down from 19.2 Bcf a year earlier.Off-system and capacity management throughput fell to 10.7 Bcf for the quarter, down from 15.1 Bcf for the same quarter last year, according to the company.Energy Services fuel management and wholesale sales increased to 25.7 Bcf during the quarter from 18.6 Bcf a year earlier, NJR said.The company placed eight commercial solar projects totaling 58 megawatts into service during the first nine months of fiscal 2026, increasing its operating commercial solar portfolio to about 537 MW.The company expects that portfolio to grow by more than 50% by fiscal 2027 and has identified a 1.1 GW pipeline of solar investment opportunities through 2030.New Jersey Natural Gas served about 595,000 customers as of June 30, compared with about 589,000 customers at the end of fiscal 2025.NJR plans to invest $4.8 billion to $5.2 billion through 2030, with over 60% of planned capital allocated to its utility business.