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.
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New Jersey Resources (NYSE: NJR) is set to broadcast its fiscal 2023 second quarter financial results via a live webcast on May 4, 2023, at 10 a.m. ET. The presentation will be led by President and CEO Steve Westhoven, along with Senior VP and CFO Roberto Bel. NJR provides essential natural gas and clean energy services across its five subsidiaries, with the core being New Jersey Natural Gas, which serves over 570,000 customers through more than 7,700 miles of infrastructure. The company is committed to energy conservation and efficiency through initiatives like Conserve to Preserve®.
For further details, interested parties can visit www.njresources.com.
The Board of Directors of New Jersey Resources (NYSE: NJR) has declared a quarterly dividend of
New Jersey Resources (NJR) announced a reduction in the Basic Gas Supply Service (BGSS) rate, effective March 1, 2023, resulting in an 8.1% savings for typical customers. This translates to approximately $129.48 in annual savings for customers using 1,000 therms per year. A one-time bill credit of $34.6 million will also be applied during March 2023. The BGSS rate will decrease by $0.0616 per therm, saving customers an additional $61.60 annually. The reductions stem from lower wholesale natural gas prices and effective supply management strategies, with NJNG emphasizing ongoing support for customers facing payment difficulties.
New Jersey Resources Corporation (NYSE: NJR) reported robust results for Q1 fiscal 2023, achieving consolidated net income of $115.9 million, up from $111.3 million year-over-year. Net financial earnings (NFE) rose significantly to $110.3 million or $1.14 per share, compared to $65.8 million or $0.69 per share for the prior year. The company raised its NFE per share guidance for fiscal 2023 to between $2.62 and $2.72, an increase of $0.20, driven by exceptional performance during Winter Storm Elliott. The long-term projected NFEPS growth remains at 7 to 9 percent.
New Jersey Resources (NJR) held its 70th Annual Shareowners Meeting, where shareowners elected Michael A. O'Sullivan for a two-year term and re-elected Jane M. Kenny, Sharon C. Taylor, and Stephen D. Westhoven for three-year terms. Two directors, Robert B. Evans and David A. Trice, retired. The company emphasized the importance of good governance for long-term performance. Shareowners approved a non-binding advisory resolution on executive compensation and ratified Deloitte & Touche LLP as the accounting firm for the fiscal year ending September 30, 2023. NJR is dedicated to providing reliable natural gas and clean energy services in New Jersey.
The board of directors of New Jersey Resources Corporation (NYSE: NJR) has declared a quarterly dividend of
New Jersey Resources (NJR) announced its 70th Annual Shareowners Meeting and released its fiscal 2022 Corporate Sustainability Report. The report highlights significant achievements, including a 59% reduction in operational emissions since 2006, on track to meet a 60% reduction goal by 2030. NJR eliminated unprotected bare steel and cast iron from its gas distribution system, leading to fewer leaks. The company invested over $53 million in energy-efficiency initiatives, contributing to New Jersey's 2050 carbon reduction targets. Additionally, NJR established a $20 million endowment for philanthropic efforts, focusing on environmental stewardship and community impact.
New Jersey Resources (NYSE: NJR) will present its fiscal 2023 first quarter financial results during a live webcast on February 2, 2023, at 10 a.m. ET. CEO Steve Westhoven and CFO Roberto Bel will share insights into the company's financial and operational performance. NJR offers natural gas and clean energy services through its subsidiaries, including over 7,700 miles of infrastructure serving more than 569,300 customers. The company is committed to energy efficiency and conservation initiatives, enhancing customer savings.
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