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 Q1 2021

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.

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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.

Shares of New Jersey Resources (NYSE:NJR) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share increased 58.04% over the past year to $1.77, which beat the estimate of $1.13.

Recap: New Jersey Resources Q2 Earnings

WALL, N.J.--(BUSINESS WIRE)--Today, New Jersey Resources (NYSE: NJR) reported results for the second-quarter of fiscal 2021. Highlights include: Consolidated net income of $149.8 million, compared with $73.8 million in the second-quarter of fiscal 2020 Consolidated net financial earnings (NFE), a non-GAAP financial measure, of $170.6 million, or $1.77 per share, compared with $84.3 million, or $0.88 per share, in the second quarter of fiscal 2020 Increased NFE per share (NFEPS) guidance to a ra

New Jersey Resources Reports Second-Quarter Fiscal 2021 Results and Increases Net Financial Earnings Guidance for Fiscal 2021

Southwest Gas Hlds

SWX vs. NJR: Which Stock Is the Better Value Option?

WALL, N.J.--(BUSINESS WIRE)--Building on its track record of sustainability leadership, New Jersey Resources (NYSE: NJR), a diversified energy company and parent company of New Jersey Natural Gas (NJNG), marks Earth Day with the launch of the Coastal Climate Initiative — a program aimed at advancing climate change solutions to positively impact the communities it serves. The program kicks off with support for The Nature Conservancy in New Jersey, an environmental nonprofit with over 60 years of

New Jersey Resources Marks Earth Day With the Launch of the Coastal Climate Initiative

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 second-quarter earnings results on Thursday, May 6, 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 the second quarter of fiscal 2021. A few minutes p

New Jersey Resources Schedules Fiscal 2021 Second-Quarter Earnings Call

New Jersey Resources (NJR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for New Jersey Resources (NJR): Will It Gain?

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today announced an increase to its fiscal 2021 net financial earnings (NFE) guidance to a range of $1.85 - $1.95 per share, from the previously announced range of $1.55 - $1.65 per share. The increase in guidance is due primarily to better-than-anticipated results at NJR Energy Services (Energy Services). During the second quarter of fiscal 2021, a period of widespread cold across the U.S. led to unusually high demand for natural gas

New Jersey Resources Increases Fiscal 2021 Net Financial Earnings Guidance

MDU Resources Group

MDU vs. NJR: Which Stock Is the Better Value Option?

MDU vs. NJR: Which Stock Should Value Investors Buy Now?

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) announced its principal subsidiary New Jersey Natural Gas (NJNG) received approval from the New Jersey Board of Public Utilities to significantly expand its energy-efficiency offerings available through The SAVEGREEN Project® (SAVEGREEN). The program will further its commitment to sustainability and emissions reduction by helping customers lower their energy usage, save money and reduce their carbon footprint. NJNG is authorized to i

New Jersey Natural Gas Receives Approval for Its Largest Ever Energy-Efficiency Program

New Jersey Resources Corp (NJR) CEO Stephen Westhoven on Q1 2021 Results - Earnings Call Transcript

New Jersey Resources (NJR) delivered earnings and revenue surprises of 2.22% and -25.65%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

New Jersey Resources (NJR) Q1 Earnings Beat Estimates

Shares of New Jersey Resources (NYSE:NJR) were flatin pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share increased 4.55% over the past year to $0.46, which missed the estimate of $0.49.

Recap: New Jersey Resources Q1 Earnings

WALL, N.J.--(BUSINESS WIRE)--Today, New Jersey Resources (NYSE: NJR) reported results for the first-quarter of fiscal 2021. Highlights include: Consolidated net income of $81.0 million, compared with $75.8 million in the first-quarter of fiscal 2020 Consolidated net financial earnings (NFE), a non-GAAP financial measure, of $44.7 million, or $0.46 per share, compared with $34.9 million, or $0.38 per share, in the first quarter of fiscal 2020 Reaffirmed NFE per share (NFEPS) guidance of $1.55 to

New Jersey Resources Reports First-Quarter Fiscal 2021 Results

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 first-quarter earnings results on Thursday, February 4, 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 the first quarter of fiscal 2021. A few minute

New Jersey Resources Schedules Fiscal 2021 First-Quarter Earnings Call

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today announced significant progress in advancing its sustainability agenda, including surpassing its goal of voluntarily reducing the company's operational emissions in New Jersey to 50% of 2006 levels by 2030 – well ahead of schedule. Building on this accomplishment, NJR set a new emissions reduction target of a 60% reduction of 2006 levels by 2030 from its New Jersey operations. “New Jersey Resources is helping lead the way to a c

New Jersey Resources Announces Key Sustainability Achievements at Annual Shareowners Meeting

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today hosted its 68th Annual Shareowners Meeting. Due to the COVID-19 pandemic, the meeting was held virtually. By an overwhelming majority, shareowners elected M. William Howard for a one-year term that will expire in 2022 and re-elected Donald L. Correll, James H. DeGraffenreidt Jr., M. Susan Hardwick and George R. Zoffinger, for three-year terms that will expire in 2024. “We have an exceptional board of directors, whose extensive

Shareowners Elect Five Directors at New Jersey Resources' 68th Annual Meeting

SWX or NJR: Which Is the Better Value Stock Right Now?

WALL, N.J.--(BUSINESS WIRE)--New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources (NYSE: NJR) today notified the New Jersey Board of Public Utilities (BPU) it will provide residential and small commercial customers with a bill credit of $12.5 million for the month of January. The credit comes on top of a $10 million credit issued for December, a total of $22.5 million delivered to customers over the two-month period. This one-time additional bill credit will save the

New Jersey Natural Gas Extends Bill Credit Through January 2021; Announces Additional $12.5 Million for Customers

WALL, N.J.--(BUSINESS WIRE)--For the second consecutive year, New Jersey Resources (NYSE: NJR) has been named one of America's Most Responsible Companies by Newsweek in recognition of its excellence and accomplishments in corporate social responsibility. NJR was selected from a cross-industry pool of over 2,000 companies that were evaluated and ranked based on a detailed analysis of key performance indicators in three areas of corporate social responsibility: environmental, social and corporate

New Jersey Resources Recognized as One of America's Most Responsible Companies by Newsweek

New Jersey Resources is one of the largest natural gas utilities in New Jersey. The company has some growth potential as customers convert from other fossil fuels to natural gas in order to reduce their carbon emissions.

New Jersey Resources: An Underappreciated Play On Renewables Growth

New Jersey Resources' (NJR) CEO Steve Westhoven on Analyst Day 2020 -Transcript

Shares of energy services company New Jersey Resources Corp. (NYSE:NJR) fell more than 6% on Monday morning following the announcement of its fourth-quarter and fiscal 2020 results.

Is New Jersey Resources' Pullback an Opportunity to Buy?

New Jersey Resources (NJR) delivered earnings and revenue surprises of -1.72% and -21.87%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

New Jersey Resources (NJR) Lags Q4 Earnings and Revenue Estimates

Shares of New Jersey Resources (NYSE:NJR) moved higher by 0.1% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share rose 96.55% year over year to $0.57, which were in line with the estimate of $0.57.

New Jersey Resources: Q4 Earnings Insights

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) (the “company” or “NJR”) today will host a virtual 2020 Analyst Day to provide an update on the Company's strategic plan and financial growth targets, including: 6-10% long-term annual growth in consolidated net financial earnings per share (NFEPS), a non-GAAP financial measure, beginning in fiscal 2022; 6-10% long-term annual dividend growth; Approximately 20% growth in annual Cash Flows from Operations (CFFO) from fiscal 2020 to fi

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