New Jersey Resources NJR ES — Deferred Revenue
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Where this comes from
Reported directly by New Jersey Resources in its filing.
Tagged under the XBRL concept us-gaap:DeferredRevenue.
The source filing: New Jersey Resources’s 10-Q, filed May 5, 2026.
- Filed
- May 5, 2026, 4:00 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0000356309-26-000029
ES has a series of AMAs with an investment grade public utility to release pipeline capacity associated with certain natural gas transportation contracts. The AMAs include a series of temporary and permanent releases, and revenue under these agreements is recognized as the performance obligations are satisfied. For temporary releases of pipeline capacity, revenue is recognized on a straight-line basis over the agreed-upon term. For permanent releases of pipeline capacity, which represent a transfer of contractual rights for such capacity, revenue is recognized upon the transfer of the underlying contractual rights. ES recognized operating revenue of approximately $4.9M during both the three months ended March 31, 2026 and 2025, and approximately $9.9M during both the six months ended March 31, 2026 and 2025, related to the AMAs on the Unaudited Condensed Consolidated Statements of Operations. Amounts received in excess of revenue recognized totaling approximately $61.3M and $36.8M are included in deferred revenue on the Unaudited Condensed Consolidated Balance Sheets as of March 31, 2026 and September 30, 2025, respectively.
Item 1. Unaudited Condensed Consolidated Financial Statements
FAQ
- What is New Jersey Resources's ES — deferred revenue?
- New Jersey Resources (NJR) reported ES — deferred revenue of $61.3M in Q1 2026.
- How has New Jersey Resources's ES — deferred revenue changed year-over-year?
- New Jersey Resources's ES — deferred revenue increased by 31.3% year-over-year, from $46.7M to $61.3M.
- What does ES — deferred revenue mean?
- This represents payments received from customers for energy services or products that have not yet been earned as revenue under accounting standards. It serves as a liability on the balance sheet, indicating future performance obligations that will be recognized as income once the service is delivered.
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