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 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.
New Jersey Resources (NYSE: NJR) announced a live webcast for its fiscal 2022 year-end financial results scheduled on November 17, 2022, at 10 a.m. ET. CEO Steve Westhoven and CFO Roberto Bel will present an overview of the company's financial performance. NJR operates across five primary business segments, including New Jersey Natural Gas, Clean Energy Ventures, and Energy Services, focusing on providing safe, reliable natural gas and clean energy solutions to over 560,000 customers in New Jersey.
New Jersey Resources (NYSE: NJR) has appointed Ginger Richman as the new Vice President of Storage and Transportation, effective October 15, 2022, succeeding John Bremner, who is retiring. Richman brings over 35 years of experience in the natural gas sector and has been with NJR since 2003, currently leading the Adelphia Gateway pipeline operations. Under her leadership, NJR aims to enhance its storage and transportation capabilities and operational efficiencies. The transition marks a strategic move to bolster the company's growth and service delivery.
The Board of New Jersey Resources Corporation (NYSE: NJR) has approved a 7.6% increase in its quarterly dividend, now set at
New Jersey Resources (NYSE: NJR) has appointed Robert Pohlman as Vice President of NJR Clean Energy Ventures and Corporate Strategy. Pohlman, who joined NJR in 2011, will lead renewable energy initiatives and drive growth opportunities. NJR has invested over $1 billion in renewable infrastructure over the past decade, with Clean Energy Ventures being a core part of its strategy. Under Pohlman's leadership, CEV has become one of the largest solar owner/operators in New Jersey. NJR provides essential natural gas and clean energy services to over 560,000 customers.
New Jersey Resources Corporation (NJR) reported a consolidated net income of $13.1 million for Q3 FY2022, up from a net loss of $(111.8 million) in Q3 FY2021. Year-to-date net income reached $220.4 million, compared to $119.0 million last year. The company raised its fiscal 2022 net financial earnings per share (NFEPS) guidance to a range of $2.40 to $2.50. This improvement is attributed to strong performance at New Jersey Natural Gas and increased revenue from Clean Energy Ventures.
The board of directors of New Jersey Resources Corporation (NYSE: NJR) has declared a quarterly dividend of $0.3625 per share. This dividend is set to be paid on October 3, 2022, to shareholders of record as of September 26, 2022. NJR has consistently paid quarterly dividends since 1952, showcasing its commitment to shareholder returns. The company operates across various sectors, including natural gas distribution and clean energy, serving over 560,000 customers in New Jersey.
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