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.
New Jersey Resources (NJR) held its 70th Annual Shareowners Meeting, where shareowners elected Michael A. O'Sullivan for a two-year term and re-elected Jane M. Kenny, Sharon C. Taylor, and Stephen D. Westhoven for three-year terms. Two directors, Robert B. Evans and David A. Trice, retired. The company emphasized the importance of good governance for long-term performance. Shareowners approved a non-binding advisory resolution on executive compensation and ratified Deloitte & Touche LLP as the accounting firm for the fiscal year ending September 30, 2023. NJR is dedicated to providing reliable natural gas and clean energy services in New Jersey.
The board of directors of New Jersey Resources Corporation (NYSE: NJR) has declared a quarterly dividend of
New Jersey Resources (NJR) announced its 70th Annual Shareowners Meeting and released its fiscal 2022 Corporate Sustainability Report. The report highlights significant achievements, including a 59% reduction in operational emissions since 2006, on track to meet a 60% reduction goal by 2030. NJR eliminated unprotected bare steel and cast iron from its gas distribution system, leading to fewer leaks. The company invested over $53 million in energy-efficiency initiatives, contributing to New Jersey's 2050 carbon reduction targets. Additionally, NJR established a $20 million endowment for philanthropic efforts, focusing on environmental stewardship and community impact.
New Jersey Resources (NYSE: NJR) will present its fiscal 2023 first quarter financial results during a live webcast on February 2, 2023, at 10 a.m. ET. CEO Steve Westhoven and CFO Roberto Bel will share insights into the company's financial and operational performance. NJR offers natural gas and clean energy services through its subsidiaries, including over 7,700 miles of infrastructure serving more than 569,300 customers. The company is committed to energy efficiency and conservation initiatives, enhancing customer savings.
New Jersey Resources (NYSE: NJR) announced executive promotions aimed at enhancing its growth strategy and IT priorities. Jacqueline K. Shea has been promoted to Senior Vice President and Chief Information Officer, overseeing the digital transformation and IT portfolio planning. Stephen Skrocki has been named Principal Accounting Officer, contributing to accounting functions since 2017. These leadership changes take effect on January 1, 2023, reflecting NJR's commitment to strong governance and operational excellence.
New Jersey Resources Corporation (NJR) reported strong financial results for fiscal 2022, with consolidated net income of $274.9 million, a significant increase from $117.9 million in 2021. The company achieved net financial earnings (NFE) of $240.3 million, or $2.50 per share, up from $207.7 million in the prior year. NJR also announced a 7.6% increase in its dividend, now $1.56 per share. For fiscal 2023, NJR introduced NFE guidance of $2.42 to $2.52 per share, maintaining its long-term growth rate projection of 7-9%.
The Board of New Jersey Resources Corporation (NYSE: NJR) has announced a quarterly dividend of
New Jersey Resources (NYSE: NJR) announced the appointment of Lori DelGiudice as Senior Vice President of Human Resources, effective November 7, 2022. With over 20 years of HR expertise, she will oversee human capital management strategies to enhance workforce potential. DelGiudice previously held a vice presidential role at Honeywell International, managing HR for a global workforce. NJR is a Fortune 1000 energy infrastructure company with nearly 1,300 employees, focusing on natural gas and clean energy services across six states.
New Jersey Resources (NYSE: NJR) has elected Michael O’Sullivan to its board of directors, filling the vacancies left by the retirement of David Trice and Robert Evans. O’Sullivan, with extensive experience in the energy sector, previously served as senior vice president of Development at NextEra Energy Resources, overseeing $40 billion in renewable projects. Trice and Evans, who have dedicated years of service, will retire at the upcoming Annual Meeting on January 25, 2023, marking a transition in leadership for the company.
FAQ
What is the current stock price of New Jersey Resources (NJR)?
What is the market cap of New Jersey Resources (NJR)?
What services does New Jersey Resources Corp provide?
Who are the customers of New Jersey Natural Gas?
What is NJR Clean Energy Ventures?
How much solar capacity does NJR Clean Energy Ventures have?
What recent partnerships has NJR entered into?
How extensive is NJR's natural gas infrastructure?
What is the Conserve to Preserve® initiative?
What is NJR’s annual revenue?
What types of investments does NJR have in midstream assets?
How many homes and businesses benefit from NJR’s appliance services?
