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New Jersey Resources Corporation - NJR STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect New Jersey Resources Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of New Jersey Resources Corporation's position in the market.

Rhea-AI Summary
New Jersey Resources Corporation (NYSE: NJR) reported results for the first quarter of fiscal 2024, with consolidated net income of $89.4 million, compared to $115.9 million in the first quarter of fiscal 2023. The company's net financial earnings (NFE) decreased to $72.4 million, or $0.74 per share, from $110.3 million, or $1.14 per share, in the first quarter of fiscal 2023. NJR increased its fiscal 2024 net financial earnings per share (NFEPS) guidance range to $2.85 to $3.00, from $2.70 to $2.85, and maintains a long-term projected NFEPS growth rate of 7 to 9 percent.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.62%
Tags
earnings
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Rhea-AI Summary
New Jersey Natural Gas (NJNG) has filed a petition with the New Jersey Board of Public Utilities (BPU) requesting a $222.6 million increase to its base rates. The company has invested approximately $850 million in enhancing the safety, reliability, security, and environmental benefits of its delivery system and operations. The proposed rate adjustment is necessary to recover costs associated with these critical infrastructure investments and ensure responsible operation of NJNG’s business. If approved, the typical NJNG residential heating customer using 81 therms a month will see an increase of $29.01 in their natural gas bill.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.54%
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none
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Rhea-AI Summary
New Jersey Resources Corporation (NJR) has declared a quarterly dividend of $0.42 per share on its common stock. The dividend will be payable on April 1, 2024, to shareowners of record as of March 13, 2024. NJR has a long history of paying quarterly dividends since its inception in 1952, demonstrating its commitment to providing value to its shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.58%
Tags
management dividends
Rhea-AI Summary
New Jersey Resources (NYSE: NJR) hosted its 71st Annual Shareowners Meeting, electing four directors for a three-year term. Shareowners also approved a non-binding advisory resolution on executive compensation and ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending September 30, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.58%
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none
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Rhea-AI Summary
New Jersey Resources (NJR) announced a five-year funding commitment of $560,000 to support environmental improvements in partnership with New Jersey Audubon. The funding will help preserve and enhance habitats, improve resiliency, and support recreational opportunities in the Pinelands National Reserve. NJR also released its fiscal 2023 Corporate Sustainability Report, highlighting significant achievements in emission reduction, renewable energy, and community service.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.58%
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none
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Rhea-AI Summary
New Jersey Resources (NJR) to Host Live Webcast of Fiscal 2024 First Quarter Financial Results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.29%
Tags
earnings
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.04%
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none
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.1%
Tags
none
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Rhea-AI Summary
New Jersey Natural Gas (NJNG) Proposes Largest SAVEGREEN™ Program Cycle with $482.4 Million Investment to Reduce Carbon Emissions and Save Energy
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.9%
Tags
none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.51%
Tags
earnings
New Jersey Resources Corporation

NYSE:NJR

NJR Rankings

NJR Stock Data

4.07B
95.75M
0.48%
72.77%
1.6%
Natural Gas Distribution
Utilities
Link
US
Belmar

About NJR

new jersey resources, a fortune 1000 company, provides reliable energy and natural gas services including transportation, distribution and asset management in states from the gulf coast to the new england regions, including the mid-continent region, the west coast and canada, while investing in and maintaining an extensive infrastructure to support future growth. with over $2.5 billion in annual revenues, njr safely and reliably operates and maintains 6,700 miles of natural gas transportation and distribution infrastructure to serve nearly half a million customers; develops and manages a diverse portfolio of more than 777,000 dth/d of transportation capacity and 52 bcf of storage capacity; and provides appliance installation, repair and contract service to approximately 150,000 homes and businesses. additionally, njr holds investments in midstream assets through equity partnerships including steckman ridge and iroquois. through conserve to preserve®, njr is helping customers save energ