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New Jersey Resources Corp - NJR STOCK NEWS

Welcome to our dedicated page for New Jersey Resources news (Ticker: NJR), a resource for investors and traders seeking the latest updates and insights on New Jersey Resources stock.

New Jersey Resources Corp (NJR) is a diversified energy services holding company that operates both regulated and nonregulated businesses. As a Fortune 1000 company, NJR is dedicated to providing reliable energy and natural gas services, including transportation, distribution, and asset management across several regions in the United States and Canada.

NJR’s regulated utility, New Jersey Natural Gas, delivers natural gas to nearly 600,000 customers in New Jersey. The company also operates an extensive infrastructure network, maintaining 6,700 miles of natural gas transportation and distribution pipelines to ensure safe and reliable service. Additionally, it offers appliance installation, repair, and contract services to approximately 150,000 homes and businesses.

On the nonregulated front, NJR invests heavily in renewable energy through its subsidiary, NJR Clean Energy Ventures (CEV). CEV owns and operates solar projects and provides low-carbon solutions to residential and commercial customers. With over $1.2 billion invested in solar projects and approximately 470 MW of installed capacity, CEV is a significant player in the renewable energy sector.

NJR also engages in midstream asset investments through equity partnerships in projects like Steckman Ridge and Iroquois. The company manages a diverse portfolio that includes 777,000 Dth/d of transportation capacity and 52 Bcf of storage capacity.

Recently, NJR Clean Energy Ventures formed a partnership with CI Renewables to develop commercial and industrial solar projects in the Mid-Atlantic region. This collaboration aims to expand their geographic reach and enhance their portfolio of innovative solar energy solutions.

With annual revenues exceeding $2.5 billion, NJR continues to focus on growth and sustainability. The company’s Conserve to Preserve® initiative helps customers save energy and reduce their environmental impact, underscoring NJR’s commitment to a sustainable future.

News

New Jersey Resources Announces Executive Promotion

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New Jersey Resources (NJR) has named Angel Velez as Vice President in the company’s Energy Services business. Velez, a 17-year veteran of the organization, will provide strategic leadership to NJR’s wholesale natural gas marketing business and oversee operations and asset optimization. He will report to Sean Annitto, Vice President-Energy Trading. Velez's extensive market knowledge and expertise are expected to advance NJR's long-option strategy and identify growth opportunities.
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New Jersey Resources Named One of America’s Most Responsible Companies by Newsweek

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New Jersey Resources (NJR) was recognized as one of America's Most Responsible Companies by Newsweek, making it one of only 156 companies to earn this distinction for five consecutive years. NJR is among the top 600 of the nation’s largest public corporations across 14 industries, evaluated and ranked across environmental, social, and governance (ESG) key performance indicators.
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New Jersey Natural Gas Files for Next Cycle of Energy-Efficiency Programs With Expanded Offerings

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New Jersey Natural Gas (NJNG) Proposes Largest SAVEGREEN™ Program Cycle with $482.4 Million Investment to Reduce Carbon Emissions and Save Energy
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New Jersey Resources Reports Fiscal 2023 Fourth-Quarter and Year End Results

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New Jersey Resources Corporation (NJR) reported a consolidated net income of $264.7 million for fiscal 2023, compared to $274.9 million in fiscal 2022. They also reported an increased fiscal 2024 dividend by 7.7% to $1.68 per share and introduced fiscal 2024 net financial earnings per share (NFEPS) guidance range of $2.70 to $2.85, maintaining a long-term projected NFEPS growth rate of 7 to 9 percent.
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New Jersey Resources Board of Directors Declares Quarterly Dividend

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New Jersey Resources Corporation (NYSE: NJR) Declares Quarterly Dividend of $0.42 per Share
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New Jersey Natural Gas Files to Extend Current Energy-Efficiency Offerings

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New Jersey Natural Gas (NJNG) seeks to extend its SAVEGREEN™ energy-efficiency offerings for an additional six months through December 31, 2024, to ensure uninterrupted access to energy-saving solutions for customers. The proposed extension aims to support the State of New Jersey’s energy-saving and greenhouse gas emission reduction goals, with NJNG seeking approval to invest up to $76 million for the program offerings during the extension period.
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Peter C. Harvey Elected to the Board of Directors of New Jersey Resources

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Peter C. Harvey has been unanimously elected to the board of directors of New Jersey Resources (NYSE: NJR). Harvey is a nationally recognized lawyer, former New Jersey Attorney General, and federal prosecutor. He brings extensive experience in his profession and will provide thoughtful, independent leadership to the board. Harvey is currently a partner and trial attorney at the law firm of Patterson Belknap Webb and Tyler LLP. He has worked for prestigious firms and served as the 54th attorney general of New Jersey. Harvey received a J.D. from Columbia Law School and a bachelor's degree with honors from Morgan State University.
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New Jersey Resources Schedules Fiscal 2023 Year-End Earnings Call

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New Jersey Resources invites investors to listen to its fiscal 2023 year end financial results webcast.
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New Jersey Natural Gas Names Marissa Travaline Vice President of Customer Service, Marketing and Energy Efficiency

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New Jersey Natural Gas appoints Marissa Travaline as VP of Customer Service, Marketing, and Energy Efficiency. Travaline brings two decades of experience and will oversee customer experience strategy, growth objectives, and energy-efficiency programs. NJNG recognized for innovative programs and brand trust among customers.
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New Jersey Resources Board of Directors Increases Dividend by 7.7% to $0.42 Per Share

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NJR board approves 7.7% increase in quarterly dividend rate to $0.42 per share from $0.39 per share, effective Oct 2, 2023. Annual dividend rate now $1.68 per share. NJR has raised dividend for 28 years.
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FAQ

What is the current stock price of New Jersey Resources (NJR)?

The current stock price of New Jersey Resources (NJR) is $48.79 as of November 20, 2024.

What is the market cap of New Jersey Resources (NJR)?

The market cap of New Jersey Resources (NJR) is approximately 4.2B.

What services does New Jersey Resources Corp provide?

NJR offers natural gas transportation, distribution, and asset management, along with renewable energy solutions through its subsidiary NJR Clean Energy Ventures.

Who are the customers of New Jersey Natural Gas?

New Jersey Natural Gas serves nearly 600,000 customers in the state of New Jersey.

What is NJR Clean Energy Ventures?

NJR Clean Energy Ventures is the renewable energy subsidiary of NJR, investing in, owning, and operating solar projects.

How much solar capacity does NJR Clean Energy Ventures have?

NJR Clean Energy Ventures maintains a portfolio of approximately 470 MW of installed solar capacity.

What recent partnerships has NJR entered into?

NJR recently partnered with CI Renewables to develop commercial and industrial solar projects in the Mid-Atlantic region.

How extensive is NJR's natural gas infrastructure?

NJR operates and maintains 6,700 miles of natural gas transportation and distribution infrastructure.

What is the Conserve to Preserve® initiative?

Conserve to Preserve® is NJR's initiative to help customers save energy and reduce their environmental impact.

What is NJR’s annual revenue?

NJR has annual revenues exceeding $2.5 billion.

What types of investments does NJR have in midstream assets?

NJR holds investments in midstream assets through equity partnerships in projects like Steckman Ridge and Iroquois.

How many homes and businesses benefit from NJR’s appliance services?

NJR provides appliance installation, repair, and contract services to approximately 150,000 homes and businesses.

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New Jersey Resources Corp

NYSE:NJR

NJR Rankings

#1414 Ranked by Market Cap
#828 Ranked by Dividends

NJR Stock Data

4.18B
98.67M
0.47%
75.49%
1.61%
Utilities - Regulated Gas
Natural Gas Distribution
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United States of America
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