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 Corporation (NYSE: NJR) is a Fortune 1000 energy services holding company in the utilities sector, with operations centered on natural gas distribution, clean energy ventures, storage and transportation, energy services and home services. The NJR news feed highlights how these five primary businesses perform and evolve over time.
Readers following NJR news can see regular earnings releases that detail net income, net financial earnings (NFE), segment contributions and updated net financial earnings per share (NFEPS) guidance. These updates break down results from New Jersey Natural Gas, Clean Energy Ventures, Storage and Transportation, Energy Services and Home Services, giving insight into how the diversified platform contributes to overall performance.
NJR’s news also features dividend announcements, where the board of directors declares quarterly dividends and discusses the company’s long history of continuous dividend payments and annual dividend increases. These items are particularly relevant for income‑focused investors tracking NJR’s capital return practices.
Additional coverage includes leadership and governance developments, such as executive promotions, new board appointments and changes in incentive plans, as well as updates on regulatory milestones and capital investment plans in areas like natural gas infrastructure, solar projects and storage assets.
By monitoring this page, investors and observers can review NJR’s official press releases on financial results, strategic initiatives, energy‑efficiency programs like SAVEGREEN®, workforce development efforts and other corporate actions that shape the outlook for NJR stock.
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.
New Jersey Resources (NYSE: NJR) will host a live webcast to discuss its fiscal 2022 third-quarter earnings on August 4, 2022, at 10 a.m. ET. The discussion will be led by President and CEO Steve Westhoven and CFO Roberto Bel, focusing on operational performance for the period ending June 30, 2022. NJR operates primarily through its subsidiary, New Jersey Natural Gas, which serves over 560,000 customers with more than 7,600 miles of gas distribution infrastructure.
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New Jersey Resources (NYSE: NJR) appointed Tejal K. Mehta as Corporate Secretary and Assistant General Counsel effective June 6, 2022. Ms. Mehta brings nearly 15 years of legal experience, previously serving at TD Bank Group and Ballard Spahr LLP, focusing on regulatory compliance and corporate governance. Her leadership is expected to bolster NJR's corporate legal function and board oversight.
Richard Reich, NJR's general counsel, praised her proven skills, highlighting their potential positive impact on the company and its customers.
New Jersey Natural Gas (NJNG), a subsidiary of New Jersey Resources (NYSE: NJR), filed for BGSS rate adjustments due to rising wholesale gas prices. The request includes a 12.5% increase for residential heating customers, affecting typical users of 100 therms per month. Factors for price hikes are attributed to geopolitical issues and supply-demand imbalances. While NJNG hedges 80% of its winter supply, the overall proposed increase is 15.9%, pending approval from the New Jersey Board of Public Utilities, effective October 1, 2022.
New Jersey Resources Corporation (NJR) reported a consolidated net income of $96.0 million for Q2 fiscal 2022, down from $149.8 million in Q2 fiscal 2021. The net financial earnings (NFE) were $130.2 million, or $1.36 per share, compared to $170.6 million, or $1.77 per share, in the prior year. The company raised its fiscal 2022 NFEPS guidance to a range of $2.30 to $2.40, up from $2.20 to $2.30. Key performance metrics show a decline in earnings, yet improved performance from Energy Services supports the positive guidance.
The board of directors of New Jersey Resources Corporation (NYSE: NJR) has declared a quarterly dividend of $0.3625 per share. This dividend will be payable on July 1, 2022, to shareholders of record on June 15, 2022. NJR has consistently paid dividends since 1952, emphasizing its commitment to providing returns to shareholders. The company operates various energy-related businesses, including New Jersey Natural Gas, which serves over half a million customers, and Clean Energy Ventures, which focuses on solar projects.
New Jersey Resources (NYSE: NJR) will host a live webcast to discuss its fiscal 2022 second-quarter earnings on May 5, 2022, at 10 a.m. ET. President and CEO Steve Westhoven alongside CFO Roberto Bel will present the company's financial and operational performance for the quarter ending March 31, 2022. NJR provides essential natural gas and clean energy services through its subsidiaries, including New Jersey Natural Gas, which serves over half a million customers across several counties.