New Jersey Resources

New Jersey Resources Corp. is a holding company. The firm provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. It operates through the following segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, Storage and Transportation, and Home Services and Other. The Natural Gas Distribution segment regulates natural gas services, off-system sales, capacity, and storage management operations. The Clean Energy Ventures segment consists of capital investments in clean energy projects. The Energy Services segment consists of unregulated wholesale and retail energy operations, as well as energy management services. The Storage and Transportation segment consists of investments in the natural gas storage and transportation market, such as natural gas storage and transportation facilities. The company was founded in 1981 and is headquartered in Wall, NJ.

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New Jersey Resources reports strong Q1 earnings and advances sustainability

New Jersey Resources (NJR) delivered robust Q1 2023 results, raising fiscal guidance and showcasing strong performance across its business segments.
The company's emphasis on sustainability, energy efficiency, and renewable energy projects underscores its commitment to innovation and environmental responsibility.
While facing potential challenges in market dynamics and operational complexities, NJR has opportunities to further expand its clean energy initiatives and capitalize on its current strengths.

New Jersey Resources (NJR) reports solid Q2 earnings and advances clean energy goals

New Jersey Resources (NJR) demonstrated financial strength and strategic focus on clean energy initiatives in Q2 2023, positioning itself for long-term growth.
Despite operational challenges like regulatory processes and market dynamics, NJR's diversified revenue streams and commitment to sustainability offer resilience and growth potential.
With a solid performance, strong leadership, and opportunities in clean energy, NJR remains well-positioned to navigate challenges and capitalize on future prospects.

New Jersey Resources (NJR) reports robust Q3 performance and clean energy commitment

New Jersey Resources (NJR) showcased a strong performance in Q3 2023, with growth in key divisions and a focus on financial discipline.
Despite challenges in the market environment, NJR remains committed to clean energy goals and customer cost savings through rate adjustments.
The company's financial outlook, operational efficiency, and strategic alignment with state initiatives position NJR for continued growth and value creation.

New Jersey Resources (NJR) reports strong earnings and growth outlook

New Jersey Resources (NJR) showcased a robust financial performance in fiscal 2023, with strong guidance for fiscal 2024 and a strategic focus on growth and sustainability. Despite challenges in EPS growth and regulatory landscapes, NJR's diversified business model and investment plans offer promising opportunities for future expansion and value creation.

New Jersey Resources (NJR) exceeds Q1 earnings, boosts guidance amid sustainability focus

New Jersey Resources (NJR) delivered a robust performance in Q1 2024, raising guidance and emphasizing sustainability initiatives. While facing challenges in revenue uncertainties and financing, the company is well-positioned to leverage opportunities in clean energy investments and operational efficiencies for future growth.

New Jersey Resources (NJR) exceeds Q2 earnings expectations, poised for growth

New Jersey Resources (NJR) delivered a strong performance in Q2 2024, surpassing earnings expectations and providing positive guidance for fiscal 2024. The company's various segments, including New Jersey Natural Gas and Clean Energy Ventures, are driving growth and contributing to its outperformance.

New Jersey Resources (NJR) exceeds Q4 expectations, poised for growth

New Jersey Resources (NJR) delivered a strong performance in Q4 2024, exceeding expectations and showcasing strategic achievements.
The company's focus on clean energy investments, shareholder value, and core business expansion positions it well for future growth.
While facing challenges in regulatory approvals and operational management, NJR has opportunities to capitalize on its strengths and drive further success.

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New Jersey Resources Corp. is a holding company, which engages in the provision of regulated natural gas distribution services, transmission and storage services, and operates certain unregulated businesses. It operates through the following segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, Storage and Transportation, and Home Services and Other. The Natural Gas Distribution segment regulates natural gas services, off-system sales, capacity, and storage management operations. The Clean Energy Ventures segment consists of capital investments in clean energy projects. The Energy Services segment refers to the unregulated wholesale and retail energy operations, as well as energy management services. The Storage and Transportation segment is involved in the investments in the natural gas storage and transportation market, such as natural gas storage and transportation facilities. The company was founded in 1981 and is headquartered in Wall, NJ.

Does New Jersey Resources (NJR) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes New Jersey Resources (NJR) a Strong Momentum Stock: Buy Now?

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The near-term prospects of the Zacks Gas Distribution industry look challenging. Yet, systematic investment to strengthen infrastructure and efficiently supply natural gas to customers should drive the performance of ATO, MDU, NJR and SR.

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When I last wrote about NJR, I called the company a "HOLD" due to its valuation. The company, since that time, is in the red, validating the thesis. I'm updating my thesis for 2023 for New Jersey Resources - the company is a technically attractive compounder, especially in this environment.

New Jersey Resources: Underperformance Since December, Looking At 2023

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As markets gyrate on inflationary pressure, invest in dividend stocks like Regency Centers (REG), Prudential Financial (PRU), Omnicom Group (OMC), NiSource (NI) & NewJersey Resources (NJR) for a steady income.

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WALL, N.J.--(BUSINESS WIRE)--Today, New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources (NYSE: NJR) notified the New Jersey Board of Public Utilities (BPU) it will implement a bill credit and lower the Basic Gas Supply Service (BGSS) rate for residential and small commercial customers, effective March 1, 2023. With this bill credit and rate decrease, the typical NJNG customer using 1,000 therms per year will see a savings of $129.48, or 8.1%, on their annual bill.

New Jersey Natural Gas Announces Bill Credit and Rate Decrease for Residential and Small Commercial Customers

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NJR, LVS and SLAB made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on February 7, 2023.

Best Momentum Stock to Buy for February 7th

New Jersey Resources Corporation (NYSE:NJR ) Q1 2023 Earnings Conference Call February 2, 2023 10:00 AM ET Company Participants Adam Prior - Director, IR Steve Westhoven - President, CEO Roberto Bel - SVP, CFO Amy Cradic - SVP, COO of Non-Utility Businesses, Strategy and External Affairs Conference Call Participants Chris Ellinghaus - Siebert Williams Shank Richard Sunderland - JPMorgan Gabe Moreen - Mizuho Jamieson Ward - Guggenheim Partners Travis Miller - Morningstar Operator Hello, everyone, and welcome to the New Jersey Resources Fiscal 2023 First Quarter Conference Call and Webcast. My name is Bruno, and I will be operating your call today.

New Jersey Resources Corporation (NJR) Q1 2023 Earnings Call Transcript

New Jersey Resources (NJR) delivered earnings and revenue surprises of 44.30% and 14.28%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

New Jersey Resources (NJR) Beats Q1 Earnings and Revenue Estimates

WALL, N.J.--( BUSINESS WIRE )--Today, New Jersey Resources Corporation (NYSE: NJR) reported results for the first quarter of fiscal 2023. Highlights include:

New Jersey Resources Reports Fiscal 2023 First-Quarter Results and Increases Net Financial Earnings Guidance for Fiscal 2023

New Jersey Resources (NJR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

New Jersey Resources (NJR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

WALL, N.J.--( BUSINESS WIRE )--New Jersey Resources (NYSE: NJR) today hosted its 70th Annual Shareowners Meeting. At the virtual meeting, shareowners elected to NJR's board of directors Michael A. O'Sullivan for a two-year term that will expire in 2025 and re-elected Jane M. Kenny, Sharon C. Taylor and Stephen D. Westhoven for three-year terms that will expire in 2026.

New Jersey Resources Hosts 70th Annual Meeting; Shareowners Elect Four Directors

WALL, N.J.--( BUSINESS WIRE )--In conjunction with its 70th Annual Shareowners Meeting, New Jersey Resources (NYSE: NJR) released its fiscal 2022 Corporate Sustainability Report, highlighting progress on its sustainability agenda spanning environmental, social and governance initiatives — including emission reduction goals and decarbonization priorities — across the company.

New Jersey Resources Highlights Expanded Commitment to Environmental Stewardship and Community Engagement

WALL, N.J.--( BUSINESS WIRE )--New Jersey Resources (NYSE: NJR) invites investors, customers, members of the financial community and other interested parties to listen to a live webcast of its fiscal 2023 first quarter financial results on Thursday, February 2, 2023, at 10 a.m. ET.

New Jersey Resources Schedules Fiscal 2023 First Quarter Earnings Call

WALL, N.J.--( BUSINESS WIRE )--New Jersey Resources (NYSE: NJR) announced the following executive promotions that position the company to execute on its growth strategy and information technology (IT) priorities.

New Jersey Resources Announces Executive Promotions

New Jersey Resources is an interesting business that a reader opened my eyes to about a year back. I haven't had time to give you my first view. I'm doing so now - the company is attractive compounder of value that's outperformed the market - but one that comes with a steep premium at times.

New Jersey Resources: A Compounder, But An Expensive One At This Time

New Jersey Resources Corporation (NYSE:NJR ) Q4 2022 Results Conference Call November 17, 2022 10:00 AM ET Company Participants Adam Prior - Director, IR Steve Westhoven - President, CEO Roberto Bel - SVP, CFO Pat Migliaccio - SVP, COO Amy Cradic - SVP, COO of Non-Utility Businesses, Strategy and External Affairs Conference Call Participants Gabe Moreen - Mizuho Michael Gaugler - Janney Montgomery Richard Sunderland - JPMorgan Sam Schwartz - Bank of America Operator Hello, everyone, and welcome to the New Jersey Resources Fiscal 2022 Fourth Quarter and Year-End Conference Call. My name is Emily, and I will be your conference call operator today.

New Jersey Resources Corporation (NJR) Q4 2022 Earnings Call Transcript

WALL, N.J.--( BUSINESS WIRE )--Today, New Jersey Resources Corporation (NYSE: NJR) reported results for the fourth quarter and year ended fiscal 2022. Highlights include:

New Jersey Resources Reports Fiscal 2022 Fourth-Quarter and Year End Results

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today announced the appointment of Lori DelGiudice to the position of Senior Vice President of Human Resources (HR) effective November 7, 2022.

New Jersey Resources Names Lori DelGiudice Senior Vice President of Human Resources

WALL, N.J.--(BUSINESS WIRE)--The board of directors of New Jersey Resources (NYSE: NJR) today announced the unanimous election of Michael O'Sullivan, former senior vice president of Development at NextEra Energy Resources (NextEra), to the board.

Michael O'Sullivan Elected to the Board of Directors of New Jersey Resources

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) invites investors, customers, members of the financial community and other interested parties to listen to a live webcast of its fiscal 2022 year end financial results on Thursday, November 17, 2022, at 10 a.m.

New Jersey Resources Schedules Fiscal 2022 Year-End Earnings Call

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Many of the dividend increases in September were modest. One exception was Accenture, which rewarded investors with a 15% boost. Utilities New Jersey Resources and OGE rewarded investors with boosts in the high single digits.

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New Jersey Resources has been a strong long-term compounder, with diversification into non-regulated activities helping growth. With more debt in recent years, some points to monitor as this may impact future dividend growth rates.

New Jersey Resources: A Compounder With Some Downside Remaining

New Jersey Resources (NJR) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

After Plunging 11.2% in 4 Weeks, Here's Why the Trend Might Reverse for New Jersey Resources (NJR)

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today announced the appointment of Ginger Richman as Vice President of Storage and Transportation for NJR Midstream Company, a wholly-owned subsidiary that owns and operates high-quality natural gas infrastructure assets around the country. The appointment will be effective next month, following the retirement of current Vice President John Bremner. “Ginger is a talented leader who leverages her vast experience and expertise to drive

New Jersey Resources Names Ginger Richman Vice President of NJR Storage and Transportation

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