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 (NYSE: NJR) is a diversified energy services leader combining regulated natural gas distribution with strategic investments in renewable energy and midstream infrastructure. This page aggregates official press releases, regulatory filings, and market-moving updates to serve as a comprehensive resource for stakeholders.
Key features include real-time access to earnings reports, infrastructure developments, solar project announcements, and regulatory compliance milestones. Investors gain insights into NJR’s operational strategy across its utility services and nonregulated ventures, while analysts track performance indicators through verified primary sources.
Content spans financial disclosures, sustainability initiatives, and partnership updates, ensuring full visibility into NJR’s role in energy transition trends. All materials are sourced directly from company communications to maintain accuracy and timeliness.
Bookmark this page for streamlined access to NJR’s latest developments, or check back regularly for updates impacting the energy services sector.
New Jersey Resources (NYSE: NJR) has committed $500,000 over five years to support the Monmouth Conservation Foundation's (MCF) restoration and improvement of Scudder Preserve in Monmouth County, NJ. This funding is part of NJR's Coastal Climate Initiative (CCI) that pledges up to $2 million for environmental stewardship in New Jersey. The project targets forest restoration, biodiversity enhancement, climate resilience, and public access expansion. NJR's support will help MCF conduct natural resource inventories, devise restoration and management plans, improve site facilities, and launch educational programs. This aligns with NJR's broader sustainability goals, demonstrated by their recent $560,000 environmental funding and significant investments in energy efficiency and carbon reduction technologies.
New Jersey Natural Gas (NJNG), a subsidiary of New Jersey Resources (NYSE: NJR), has filed its annual rate adjustments with the New Jersey Board of Public Utilities (BPU). The filings include the Basic Gas Supply Service (BGSS) and Conservation Incentive Program (CIP) rates, along with costs for energy-efficiency (EE) programs. The overall impact will be a 0.5% increase for typical residential heating customers, equating to $0.71 more per month. NJNG aims to reduce the BGSS rate while increasing the Balancing Charge.
The warmer-than-normal winter led to a minimal CIP-related decrease of 0.1%. NJNG also seeks a 0.6% increase to recover costs from its SAVEGREEN energy-efficiency programs. Pending BPU approval, these changes will take effect on October 1, 2024.
New Jersey Natural Gas (NJNG), a subsidiary of New Jersey Resources (NYSE: NJR), has installed two CarbinX carbon-capture units at its Wall, NJ headquarters, marking the first such installations in the state. Developed by CleanO2, the CarbinX technology captures carbon emissions from HVAC systems and converts them into pearl ash, which has various commercial applications. The units improve the efficiency of the facility’s water heater, reducing emissions and energy costs. NJNG aims to use data from this project to inform customers and policymakers about the benefits of carbon-capture technology. This initiative is part of NJNG's broader strategy to support New Jersey's climate goals and enhance energy efficiency.
New Jersey Resources (NYSE: NJR) reported strong second-quarter results for fiscal 2024, with consolidated net income reaching $120.8 million and net financial earnings of $138.6 million. The company re-affirmed its fiscal 2024 net financial earnings per share guidance range of $2.85 to $3.00. NJNG filed a rate case seeking a $222.6 million increase in delivery rates. Despite lower year-to-date earnings compared to the previous fiscal year, NJR's performance reflects its commitment to shareholder value and organic growth initiatives.
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