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 (NJR) reported net income of $193.9 million for fiscal 2020, up from $169.5 million in 2019. Net financial earnings (NFE) were $196.2 million, or $2.07 per share, surpassing the previous year's $175.0 million, or $1.96 per share. The company increased its annual dividend by 6.4% to $1.33 per share and expanded its energy efficiency offerings. Fourth-quarter results showed net income of $43.3 million, or $0.45 per share, compared to $18.1 million, or $0.20 per share, in Q4 2019. NJR emphasized its commitment to reliability and sustainability amidst the ongoing pandemic.
New Jersey Natural Gas (NJNG), a subsidiary of New Jersey Resources (NYSE: NJR), announced a one-time bill credit of $10 million for residential and small commercial customers, effective from December 1, 2020, to December 31, 2020. This initiative will save an average residential heating customer about $19.31, reflecting an 11.2% decrease on their December bill. The bill credit is facilitated by rate case refunds and lower natural gas prices without impacting NJNG's profitability. This move supports customers during the colder winter months, reinforcing the company's commitment to cost management.
The board of directors of New Jersey Resources (NJR) has declared a quarterly dividend of $.3325 per share, payable on January 4, 2021, to shareholders of record as of December 16, 2020. NJR has maintained continuous quarterly dividends since its inception in 1952, demonstrating its long-term commitment to delivering value to shareholders. The company operates across several segments, including natural gas distribution and clean energy services, and aims to promote energy efficiency.
New Jersey Resources (NYSE: NJR) will host a virtual Analyst Day on November 30, 2020, at 8:30 a.m. EST. The senior leadership team will present the company's strategic value proposition and long-term financial growth plans, along with year-end fiscal 2020 earnings results. Key speakers include CEO Steve Westhoven and CFO Patrick Migliaccio. The event will be accessible via a live webcast and later archived for on-demand viewing.
New Jersey Natural Gas (NJNG), a subsidiary of New Jersey Resources (NJR), has secured approval from the New Jersey Board of Public Utilities to invest $150 million over five years in infrastructure projects aimed at enhancing safety and reliability in its natural gas distribution system. This initiative includes 24 projects such as transmission upgrades and safety device installations. Residential heating customers may incur a 2.4% increase in bills over this period, totaling $28. NJNG plans to file for rate recovery annually and a base rate case within five years.
Adelphia Gateway LLC has received a Partial Notice to Proceed from the Federal Energy Regulatory Commission (FERC) for the first phase of construction on its pipeline project. This phase will convert 50 miles of an 84-mile pipeline from oil to natural gas, aimed at addressing supply constraints in southeastern Pennsylvania. Expected to be operational in 2021, the project is seen as vital for the region’s economy recovery. The necessary environmental permits have been issued, allowing pre-construction mobilization to commence.
NJR Clean Energy Ventures (NJRCEV) and the Borough of Hopatcong celebrate the completion of a 1.5 MW solar project at a former landfill. This project, consisting of nearly 4,000 solar panels, will provide enough energy to power 230 homes annually and reduce emissions by 1,435 tons. NJRCEV will lease 23 acres for 25 years, promoting the state’s clean energy goals by selling generated power to PJM. NJRCEV has invested over $970 million in New Jersey, maintaining more than 350 MW capacity, enough to power nearly 55,000 homes and reduce 322,000 metric tons of emissions annually.
New Jersey Resources (NYSE: NJR) announced a ribbon-cutting ceremony on October 15, 2020, at 10 a.m. to celebrate the completion of a new 1.5 MW solar project at the Hopatcong Municipal Landfill. The project, developed by NJR Clean Energy Ventures, aims to produce clean energy for the wholesale electric market. Key speakers include CEO Steve Westhoven and Mayor Michael Francis of Hopatcong. This initiative aligns with NJR's commitment to sustainability and enhancing local energy solutions.
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