New Jersey Resources NJR NJNG — Finance leases
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Where this comes from
Reported directly by New Jersey Resources in its filing.
Tagged under the XBRL concept us-gaap:FinanceLeaseLiability.
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
The Company enters into sale leaseback transactions for certain commercial solar assets and natural gas meters. These transactions are recorded within long-term debt on the Unaudited Condensed Consolidated Balance Sheets. The carrying value of solar sale leasebacks was approximately $498.8M and $471.5M and the estimated fair value was approximately $501.9M and $481.4M as of March 31, 2026 and September 30, 2025, respectively. The carrying value of the natural gas meter sale leasebacks was approximately $43.6M and $33.5M and the estimated fair value of certain natural gas meter sale leasebacks amounted to approximately $42.5M and $32.5M as of March 31, 2026 and September 30, 2025, respectively.
Item 1. Unaudited Condensed Consolidated Financial Statements
FAQ
- What is New Jersey Resources's NJNG — finance leases?
- New Jersey Resources (NJR) reported NJNG — finance leases of $43.6M in Q1 2026.
- What does NJNG — finance leases mean?
- The total obligation or asset value associated with long-term lease agreements classified as financing arrangements. This reflects the segment's reliance on leased infrastructure or equipment to support utility operations.
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