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INVESTMENTS IN EQUITY INVESTEES (Tables) | 12 Months Ended
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Sep. 30, 2022
Investments, All Other Investments [Abstract] |
Schedule of Equity Method Investments | As of September 30, the Company’s investments in equity method investees includes the following:
(Thousands) | 2022 | 2021
Steckman Ridge (1) | $ | 106,571 |  | $ | 109,050 |
PennEast | — |  | 5,479 |
Total | $ | 106,571 |  | $ | 114,529 |
(1)Includes loans with a total outstanding principal balance of $70.4 million for both fiscal 2022 and 2021, which accrue interest at a variable rate that resets quarterly and are due October 1, 2023. The following is the summarized financial information for Steckman Ridge and PennEast for fiscal years ended September 30:
(Thousands) | 2022 | 2021 | 2020
Steckman Ridge |  |  |
Operating revenues | $ | 19,812 |  | $ | 21,847 |  | $ | 28,814 |
Gross profit | $ | 11,349 |  | $ | 13,350 |  | $ | 20,537 |
Income from continuing operations | $ | 8,686 |  | $ | 11,483 |  | $ | 16,926 |
Net income | $ | 8,686 |  | $ | 11,483 |  | $ | 16,926 |
Net income attributable to NJR | $ | 4,343 |  | $ | 5,741 |  | $ | 8,463 |
Current assets | $ | 28,609 |  | $ | 14,786 |  |
Noncurrent assets | $ | 198,052 |  | $ | 202,670 |  |
Current liabilities | $ | 23,618 |  | $ | 9,738 |  |
Noncurrent liabilities | $ | 140,810 |  | $ | 140,810 |  |
PennEast |  |  |
Operating revenues | $ | — |  | $ | — |  | $ | — |
Gross profit | $ | — |  | $ | — |  | $ | — |
Income from continuing operations | $ | (3,778) |  | $ | (406,305) |  | $ | 34,376 |
Net (loss) income | $ | (3,778) |  | $ | (406,305) |  | $ | 34,376 |
Net (loss) income attributable to NJR | $ | (756) |  | $ | (81,261) |  | $ | 6,875 |
Current assets | $ | 1,801 |  | $ | 822 |  |
Noncurrent assets | $ | — |  | $ | 44,998 |  |
Current liabilities | $ | 82 |  | $ | 248 |  |
Noncurrent liabilities | $ | 500 |  | $ | 500 |  |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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