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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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) 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

Southwest Gas Hlds

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

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

New Jersey Resources Provides Update on Strategic Plan to Deliver Predictable, Sustainable Growth and Value Creation

WALL, N.J.--(BUSINESS WIRE)--Today, New Jersey Resources (NYSE: NJR) reported results for the fourth quarter and fiscal 2020. Highlights included: Consolidated net income of $193.9 million for fiscal 2020, compared with $169.5 million in fiscal 2019 Consolidated net financial earnings (NFE), a non-GAAP financial measure, of $196.2 million for fiscal 2020, or $2.07 per share, compared with $175.0 million, or $1.96 per share, in fiscal 2019 Increased annual dividend by 6.4 percent to $1.33 per sh

New Jersey Resources Reports Fourth-quarter and Fiscal 2020 Results

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 totaling $10 million, effective December 1, 2020 through December 31, 2020. This one-time bill credit will save the average residential heating customer using approximately 158 therms $19.31, a decrease of 11.2% on their December bill. “A

New Jersey Natural Gas Announces $10 Million Bill Credit

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) to Report Q4 Results: Wall Street Expects Earnings Growth

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today announced the company will host a virtual Analyst Day on Monday, November 30, 2020 at 8:30 a.m. Eastern time. NJR's senior leadership team will discuss the company's strategic value proposition and long-term financial growth targets, as well as its year-end fiscal 2020 earnings results. Scheduled speakers include: Steve Westhoven, President and Chief Executive Officer Patrick Migliaccio, Senior Vice President and Chief Financia

New Jersey Resources to Host Virtual Analyst Day and Announces Year-End Fiscal 2020 Earnings Date

HOPATCONG, N.J.--(BUSINESS WIRE)--NJR Clean Energy Ventures (NJRCEV), the clean energy subsidiary of New Jersey Resources (NYSE: NJR), and the Borough of Hopatcong, today, celebrated the completion of a new 1.5 megawatt (MW) ground-mounted solar project at the former municipal landfill. Consisting of nearly 4,000 solar panels, the fixed-tilt array is expected to provide enough clean energy to power 230 homes annually and reduce emissions by 1,435 tons, equal to removing 290 cars from the road e

NJR Clean Energy Ventures and Borough of Hopatcong Turn Brownfield into Green Energy with New 1.5 Megawatt Solar Project

HOPATCONG, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) CEO Steve Westhoven and Hopatcong Mayor Michael Francis to join with local leaders to host a ribbon-cutting on October 15, 2020, at 10 a.m., to celebrate the completion of a new commercial solar project located at the capped municipal landfill. Built, operated and maintained by NJR Clean Energy Ventures, a subsidiary of NJR, the solar array is expected to produce 1.5 megawatts (MW) of clean energy to be sold to the wholesale ele

NJR Clean Energy Ventures and Borough of Hopatcong to Host Ribbon-cutting for New 1.5 Megawatt Commercial Solar Project

American Tower

CyrusOne

Federal Realty Investment Trust

International Flavors & Fragrances

Philip Morris

Portland General Electric

All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List.

7 More Upcoming Dividend Increases Including This Dividend King

WALL, N.J.--(BUSINESS WIRE)--Today, the board of directors of New Jersey Resources (NYSE: NJR) unanimously approved a 6.4 percent increase in the quarterly dividend rate to $.3325 per share from $.3125 per share. The new quarterly rate will be effective with the dividend payable October 1, 2020 to shareowners of record on September 22, 2020.

New Jersey Resources Board of Directors Increases Dividend by 6.4 Percent

New Jersey Resources: This Utility Has Some Potential But Population Flight Is A Concern

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today announced the issuance of $120 million of Green Bonds. The proceeds from the sale will fund eligible green investments, including NJR’s commercial solar projects.

New Jersey Resources Issues $120 Million of Green Bonds

WALL, N.J.--(BUSINESS WIRE)--The board of directors of New Jersey Resources (NYSE: NJR) today announced the unanimous election of Susan Hardwick to the board. Ms. Hardwick currently serves as executive vice president and chief financial officer (CFO) of American Water, the largest publicly traded water and wastewater utility company in the United States.

News for New Jersey Resources Stock (NJR)