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.

Earnings data Q2 2021

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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.

WALL, N.J.--(BUSINESS WIRE)--Today, New Jersey Resources Corporation (NYSE: NJR) reported results for the first-quarter of fiscal 2022. Highlights include: Consolidated net income of $111.3 million for the three months ended December 31, 2021, compared with $81.0 million for the same period last year Consolidated net financial earnings (NFE), a non-GAAP financial measure, of $65.8 million, or $0.69 per share for the three months ended December 31, 2021, compared with NFE of $44.7 million, or $0

New Jersey Resources Reports First-Quarter Fiscal 2022 Results

New Jersey Resources is one of the largest natural gas utilities in New Jersey. Natural gas is unlikely to be replaced by electricity for heating anytime soon so the company does have staying power.

New Jersey Resources: Solid Natural Gas Utility With Inflation Protection

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WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources Highlights Sustainability Agenda

New Jersey Resources Highlights Sustainability Agenda at Annual Shareowners Meeting

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR), today hosted its 69th Annual Shareowners Meeting. Due to the ongoing COVID-19 pandemic, the meeting was held virtually. By an overwhelming majority, shareowners re-elected Gregory E. Aliff, Robert B. Evans and Thomas C. O'Connor to the board of directors for three-year terms that will expire in 2025. “We have an exceptional board of directors whose expertise continues to serve our customers, company and shareowners well,” said Steve

New Jersey Resources Hosts 69th Annual Meeting; Shareowners Elect Three Directors

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) schedules fiscal 2022 first-quarter earnings call for Thursday, February 3, 2022 at 10 a.m. ET

New Jersey Resources Schedules Fiscal 2022 First-Quarter Earnings Call

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today announced a series of executive and senior leadership promotions that position the company to execute on its growth strategy, sustainability goals and investment priorities. Unless otherwise noted, changes will be effective January 1, 2022 and include: Patrick Migliaccio was named Senior Vice President and Chief Operating Officer of New Jersey Natural Gas (NJNG). Roberto Bel was promoted to Senior Vice President and Chief Finan

New Jersey Resources Announces Executive Promotions and Key Leadership Changes

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WALL, N.J.--(BUSINESS WIRE)--Due to a significant increase in wholesale natural gas prices, today New Jersey Natural Gas (NJNG) filed a notice with the New Jersey Board of Public Utilities (BPU) for a 5% increase related to Basic Gas Supply Service (BGSS) for residential and certain small commercial customers effective December 1, 2021. Since May 2021, wholesale natural gas prices on the NYMEX – a benchmark index for gas commodity pricing – have increased by nearly 80%. The change to the BGSS i

Steep Rise in Natural Gas Prices Prompts New Jersey Natural Gas to Implement a 5% Increase to Cover Wholesale Commodity Costs

New Jersey Resources Corporation (NJR) CEO Steve Westhoven on Q4 2021 Results - Earnings Call Transcript

New Jersey Resources (NJR) delivered earnings and revenue surprises of -12.50% and 39.94%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

New Jersey Resources (NJR) Q4 Earnings Lag Estimates

WALL, N.J.--(BUSINESS WIRE)--Today, New Jersey Resources Corporation (NYSE: NJR) reported results for the fourth-quarter and fiscal 2021. Highlights include: Consolidated net income of $117.9 million for fiscal 2021 compared with $163.0 million in fiscal 2020 Consolidated net financial earnings (NFE), a non-GAAP financial measure of $207.7 million for fiscal 2021, or $2.16 per share, compared with NFE of $165.3 million, or $1.74 per share, in fiscal 2020 Affirmed fiscal 2022 net financial earni

New Jersey Resources Reports Fourth-Quarter and Fiscal 2021 Results

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New Jersey Resources is an excellent high-yield dividend champion… though one you've probably never heard of. NJR traces its roots back to 1952… and has been paying dividends the entire time.

New Jersey Resources Is A Great Dividend Aristocrat That Can Beat Inflation

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 2021 year-end earnings results on Thursday, November 18, 2021 at 10 a.m. ET. President and Chief Executive Officer Steve Westhoven and Chief Financial Officer Pat Migliaccio will present an overview of NJR's financial and operational performance for fiscal 2021. A few minutes prior to the webcast, go

New Jersey Resources Schedules Fiscal 2021 Year-End Earnings Call

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WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today announced Interim General Counsel and Corporate Secretary Richard Reich has been promoted to Senior Vice President and General Counsel. In this position, Mr. Reich is responsible for leading NJR's legal department, developing and directing the corporate legal function and overseeing corporate compliance. He will also continue to serve in the Corporate Secretary role until a replacement is selected. “Rich is an exceptional corpo

New Jersey Resources Appoints Richard Reich Senior Vice President and General Counsel

WALL, N.J.--(BUSINESS WIRE)--The board of directors of New Jersey Resources (NYSE: NJR) unanimously approved a 9 percent increase in the quarterly dividend rate to $.3625 per share from $.3325 per share. The new quarterly rate will be effective with the dividend payable October 1, 2021 to shareowners of record on September 20, 2021. This dividend replaces the previously announced dividend of $.3325 per share approved on July 14, 2021 for shareowners of record on September 20, 2021. The new annu

New Jersey Resources Board of Directors Increases Dividend by 9 Percent

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New Jersey Resources Corporation (NJR) CEO Steve Westhoven on Q3 2021 Results - Earnings Call Transcript

WALL, N.J.--(BUSINESS WIRE)--Today, New Jersey Resources (NYSE: NJR) reported results for the third-quarter of fiscal 2021. Highlights include: Consolidated net loss of $(111.8) million, including a $72.7 million after-tax impairment charge related to NJR's investment in the PennEast Project, compared with $(19.3) million in the third quarter of fiscal 2020 Consolidated net financial loss, a non-GAAP financial measure which excludes the PennEast impairment, of $(14.1) million, or $(0.15) per sh

New Jersey Resources Reports Third-Quarter Fiscal 2021 Results

News for New Jersey Resources Stock (NJR)