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 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.
New Jersey Resources (NYSE: NJR) reported fiscal 2024 results with consolidated net income of $289.8 million, or $2.94 per share, up from $264.7 million in 2023. The company achieved consolidated net financial earnings of $290.8 million, or $2.95 per share, reaching the higher end of its guidance range. Fourth-quarter net income was $91.1 million. Key highlights include BPU approval for a $157.0 million base rate increase and a new $385.6 million energy efficiency program. The company announced the sale of its 91MW residential solar portfolio for $132.5 million and introduced fiscal 2025 NFEPS guidance of $3.05-$3.20.
NJR Clean Energy Ventures (CEV) has sold its 91 megawatt residential solar portfolio to Spruce Power Holding for $132.5 million. The transaction includes approximately 9,800 residential solar systems operated under 'The Sunlight Advantage®' program. Spruce will assume all existing lease agreements with homeowners. NJR plans to use the proceeds to reduce corporate debt and for working capital. Following the sale, CEV will focus on expanding its commercial solar portfolio, supported by a nearly 1 GW pipeline of investment opportunities. Since 2009, CEV has invested over $1.2 billion in solar projects and has become New Jersey's largest commercial solar owner-operator, with assets across multiple states.
Spruce Power (NYSE: SPRU) has acquired a residential solar portfolio from NJR Clean Energy Ventures for $132.5 million. The acquisition includes approximately 9,800 solar systems in New Jersey, expanding Spruce's customer base by ~13% to ~85,000. The Portfolio features long-term lease agreements with homeowners, averaging over 11 years remaining. The deal was funded with $22.7 million cash and a new $109.8 million debt facility from Santander. The Portfolio is expected to generate levered cash flows of approximately $7.0 million for the twelve months ended September 2025, and cumulative levered cash flows of about $22.0 million from 2025 to 2027.