Welcome to our dedicated page for New Jersey Resources news (Ticker: NJR), a resource for investors and traders seeking the latest updates and insights on New Jersey Resources stock.
New Jersey Resources Corporation reports developments across a diversified energy infrastructure and energy services business anchored by New Jersey Natural Gas. Its recurring updates cover utility operating results, customer growth, rate effects, Basic Gas Supply Service incentives, natural gas hedging, and net financial earnings guidance.
NJR news also follows Energy Services performance in physical natural gas and asset management, Storage and Transportation assets such as Leaf River, Adelphia Gateway Pipeline and Steckman Ridge, Clean Energy Ventures solar projects, Home Services offerings, quarterly dividends, board elections, leadership changes, and environmental or community initiatives tied to its New Jersey service territory.
New Jersey Resources (NYSE:NJR) reported fiscal 2025 third-quarter results with a net loss of $(15.1) million, or $(0.15) per share, compared to a loss of $(11.6) million in Q3 2024. However, consolidated net financial earnings (NFE) improved to $6.2 million, or $0.06 per share, up from a loss of $(8.9) million last year.
Year-to-date performance showed strong growth with net income of $320.6 million ($3.20 per share) and NFE of $313.4 million ($3.13 per share). The company raised the lower end of its fiscal 2025 NFEPS guidance to $3.20-$3.30 from $3.15-$3.30 previously.
Key operational highlights include servicing 588,000 customers, investing $72.9 million in energy-efficiency upgrades, and expanding Clean Energy Ventures' solar capacity to 449MW with recent project completions.
New Jersey Resources (NYSE: NJR) has announced its upcoming fiscal 2025 third quarter earnings release and conference call schedule. The company will release its financial results on Monday, August 4, 2025, after market close, followed by a live webcast discussion on Tuesday, August 5, 2025, at 10 a.m. ET. Interested parties can access the webcast through the company's website at www.njresources.com in the Investor Relations section under "Latest Events".
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.