Welcome to our dedicated page for New Jersey Res news (Ticker: NJR), a resource for investors and traders seeking the latest updates and insights on New Jersey Res stock.
New Jersey Resources (NYSE: NJR) is a diversified energy services leader combining regulated natural gas distribution with strategic investments in renewable energy and midstream infrastructure. This page aggregates official press releases, regulatory filings, and market-moving updates to serve as a comprehensive resource for stakeholders.
Key features include real-time access to earnings reports, infrastructure developments, solar project announcements, and regulatory compliance milestones. Investors gain insights into NJR’s operational strategy across its utility services and nonregulated ventures, while analysts track performance indicators through verified primary sources.
Content spans financial disclosures, sustainability initiatives, and partnership updates, ensuring full visibility into NJR’s role in energy transition trends. All materials are sourced directly from company communications to maintain accuracy and timeliness.
Bookmark this page for streamlined access to NJR’s latest developments, or check back regularly for updates impacting the energy services sector.
New Jersey Natural Gas (NJNG) has opened its SAVEGREEN® Innovation and Training Annex in Atlantic Highlands, New Jersey, expanding its workforce development initiatives in partnership with Isles, Inc. The facility will serve as a hub for energy-efficiency training programs, featuring state-of-the-art equipment including New Jersey's first Anesi gas heat pump installation.
The expanded program offers free Building Performance Institute (BPI) technical training and certification, targeting new and underemployed workers in NJNG's service territory. With energy-efficiency projects expected to grow by over 35% in the next two years, the program focuses on training in energy efficiency, equipment installation, and building performance.
The initiative builds on NJNG's SAVEGREEN program, which has assisted over 100,000 customers since 2009. The training program includes three components leading to BPI certification, preparing participants for careers in home performance, energy diagnostics, and inspection.
New Jersey Resources (NYSE: NJR) celebrates Earth Day by highlighting the success of its Coastal Climate Initiative (CCI), launched in 2021. The company has committed over $1.2 million to environmental stewardship projects, with a pledge of up to $2 million over five years from its charitable foundations.
Key projects include:
- Restoration of the 90-acre Scudder Preserve in Middletown through the Monmouth Conservation Foundation
- Support for the Clam Cove Living Shoreline Pilot Project with Monmouth University's Urban Coast Institute
- Wildlife preservation efforts with the Conserve Wildlife Foundation, focusing on the American Oystercatcher
- Stewardship of the 500-acre Hovnanian Sanctuary with New Jersey Audubon
- Sustainability project at Manitou Park with Rutgers University
- Shoreline stabilization at The Lighthouse Center with the Natural Resources Education Foundation
New Jersey Resources (NYSE: NJR) has announced its board of directors unanimously approved a quarterly dividend of $0.45 per share. The dividend will be distributed on July 1, 2025, to shareholders of record as of June 10, 2025.
The company highlights its consistent dividend payment history, having maintained quarterly dividends since its founding in 1952. Notably, NJR has demonstrated a strong track record of shareholder returns by increasing its dividend annually for 29 consecutive years.
New Jersey Resources (NYSE: NJR) has announced its upcoming fiscal 2025 second quarter earnings release schedule. The company will disclose its financial results on Monday, May 5, 2025, after the stock market closes. A live webcast presentation of the results will be held the following day, Tuesday, May 6, 2025, at 10 a.m. ET.
Interested parties, including investors, customers, and members of the financial community, can access the webcast through the company's website at www.njresources.com. Participants should navigate to the 'Investor Relations' section and locate the webcast link under 'Latest Events' on the right side of the page.
Spruce Power (NYSE: SPRU) reported Q4 2024 financial results with revenues of $20.2 million, up from $15.7 million in Q4 2023, and a net loss of $5.9 million. Operating EBITDA reached $10.8 million.
The company expanded its portfolio by acquiring approximately 9,800 home solar assets from NJR Clean Energy Ventures, growing its total asset base to roughly 85,000 home solar systems across 18 U.S. states. Customer satisfaction improved to 83% in 2024 from 74% in 2023.
Key financial metrics include:
- Total operating expenses: $26.7 million
- Liquidity position: $72.8 million in unrestricted cash
- Total debt: $730.6 million at 6.0% blended interest rate
- Gross portfolio value: $910.0 million
Notable developments include launching Spruce Pro and securing a servicing agreement with ADT for approximately 60,000 residential solar systems.
New Jersey Resources (NYSE: NJR) reported strong fiscal 2025 first-quarter results with consolidated net income of $131.3 million ($1.32 per share), up from $89.4 million ($0.91 per share) in Q1 2024. Net financial earnings reached $128.9 million ($1.29 per share), compared to $72.4 million ($0.74 per share) in Q1 2024.
Key developments include NJNG receiving BPU approval for a $157.0 million annual base rate increase effective November 21, 2024, and a new $385.6 million SAVEGREEN energy efficiency program. Clean Energy Ventures completed the sale of its 91 MW residential solar portfolio for $132.5 million.
The company maintains its fiscal 2025 NFEPS guidance of $3.05 to $3.20 and its long-term 7-9% NFEPS growth target based on $2.83 per share for fiscal 2025.
New Jersey Resources (NYSE: NJR) announced that its board of directors has unanimously declared a quarterly dividend of $0.45 per share on its common stock. The dividend will be paid on April 1, 2025, to shareholders of record as of March 11, 2025. The company highlighted its consistent dividend payment history, noting that it has maintained quarterly dividend distributions since its founding in 1952 and has increased its dividend annually for 29 consecutive years.
New Jersey Resources (NYSE: NJR) held its 72nd Annual Shareowners Meeting, where shareholders elected three directors to the board: Gregory E. Aliff, Thomas C. O'Connor, and Michael A. O'Sullivan. Each director will serve a three-year term expiring in 2028.
During the virtual meeting, shareowners also approved a non-binding advisory resolution on executive compensation and ratified Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ending September 30, 2025.
New Jersey Resources (NYSE: NJR) has announced a $50,000 pledge to launch Rutgers University's first Vibrant Communities Sustainability & Resiliency Project, alongside releasing its 2024 Corporate Sustainability Report. The funding, provided through NJR's Coastal Climate Initiative, will support a sustainable landscape master plan in Manitou Park, South Toms River Borough.
The project will involve Rutgers University's Landscape Architecture Program graduate students creating and implementing environmental improvements, including enhanced green spaces, improved stormwater management, and community engagement initiatives. This builds on NJR's philanthropic history, including over $275,000 in support to Homes for All since 2008.
The 2024 Corporate Sustainability Report highlights include: over 4,200 employee volunteer hours, $2.1 million in nonprofit funding, completion of their first capped landfill community solar facility, $71.3 million investment in SAVEGREEN energy-efficiency program, and recognition as one of America's Most Responsible Companies by Newsweek for the fifth consecutive year.
New Jersey Resources (NYSE: NJR) has announced its upcoming fiscal 2025 first quarter earnings call, scheduled for Tuesday, February 4, 2025, at 10 a.m. ET. The company will release its financial results on Monday, February 3, 2025, after the stock market closes.
Investors, customers, financial community members, and other interested parties are invited to participate in the live webcast. To access the webcast, participants should visit www.njresources.com, navigate to the 'Investor Relations' section, and click the webcast link under 'Latest Events' on the right side of the page.
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