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.
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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 $0.39 per share, payable on July 3, 2023, to shareholders of record as of June 14, 2023. This reflects NJR's commitment to delivering competitive returns, as the company has maintained quarterly dividends since 1952. NJR operates various businesses, including New Jersey Natural Gas, which serves over 570,000 customers, and Clean Energy Ventures, focusing on solar projects with over 430 megawatts capacity.
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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 $0.39 per share, payable on April 3, 2023, to shareholders of record by March 15, 2023. Since its inception in 1952, NJR has consistently paid quarterly dividends, reflecting its commitment to providing shareholder value. NJR operates various businesses, including New Jersey Natural Gas, Clean Energy Ventures, and Home Services, focusing on safe and reliable natural gas and clean energy solutions while promoting energy conservation.
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.