New Jersey Resources

New Jersey Resources Corp. is a holding company. The firm provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. It operates through the following segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, Storage and Transportation, and Home Services and Other. The Natural Gas Distribution segment regulates natural gas services, off-system sales, capacity, and storage management operations. The Clean Energy Ventures segment consists of capital investments in clean energy projects. The Energy Services segment consists of unregulated wholesale and retail energy operations, as well as energy management services. The Storage and Transportation segment consists of investments in the natural gas storage and transportation market, such as natural gas storage and transportation facilities. The company was founded in 1981 and is headquartered in Wall, NJ.

Earnings data Q1 2021

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New Jersey Resources reports strong Q1 earnings and advances sustainability

New Jersey Resources (NJR) delivered robust Q1 2023 results, raising fiscal guidance and showcasing strong performance across its business segments.
The company's emphasis on sustainability, energy efficiency, and renewable energy projects underscores its commitment to innovation and environmental responsibility.
While facing potential challenges in market dynamics and operational complexities, NJR has opportunities to further expand its clean energy initiatives and capitalize on its current strengths.

New Jersey Resources (NJR) reports solid Q2 earnings and advances clean energy goals

New Jersey Resources (NJR) demonstrated financial strength and strategic focus on clean energy initiatives in Q2 2023, positioning itself for long-term growth.
Despite operational challenges like regulatory processes and market dynamics, NJR's diversified revenue streams and commitment to sustainability offer resilience and growth potential.
With a solid performance, strong leadership, and opportunities in clean energy, NJR remains well-positioned to navigate challenges and capitalize on future prospects.

New Jersey Resources (NJR) reports robust Q3 performance and clean energy commitment

New Jersey Resources (NJR) showcased a strong performance in Q3 2023, with growth in key divisions and a focus on financial discipline.
Despite challenges in the market environment, NJR remains committed to clean energy goals and customer cost savings through rate adjustments.
The company's financial outlook, operational efficiency, and strategic alignment with state initiatives position NJR for continued growth and value creation.

New Jersey Resources (NJR) reports strong earnings and growth outlook

New Jersey Resources (NJR) showcased a robust financial performance in fiscal 2023, with strong guidance for fiscal 2024 and a strategic focus on growth and sustainability. Despite challenges in EPS growth and regulatory landscapes, NJR's diversified business model and investment plans offer promising opportunities for future expansion and value creation.

New Jersey Resources (NJR) exceeds Q1 earnings, boosts guidance amid sustainability focus

New Jersey Resources (NJR) delivered a robust performance in Q1 2024, raising guidance and emphasizing sustainability initiatives. While facing challenges in revenue uncertainties and financing, the company is well-positioned to leverage opportunities in clean energy investments and operational efficiencies for future growth.

New Jersey Resources (NJR) exceeds Q2 earnings expectations, poised for growth

New Jersey Resources (NJR) delivered a strong performance in Q2 2024, surpassing earnings expectations and providing positive guidance for fiscal 2024. The company's various segments, including New Jersey Natural Gas and Clean Energy Ventures, are driving growth and contributing to its outperformance.

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New Jersey Resources Corp. is a holding company, which engages in the provision of regulated natural gas distribution services, transmission and storage services, and operates certain unregulated businesses. It operates through the following segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, Storage and Transportation, and Home Services and Other. The Natural Gas Distribution segment regulates natural gas services, off-system sales, capacity, and storage management operations. The Clean Energy Ventures segment consists of capital investments in clean energy projects. The Energy Services segment refers to the unregulated wholesale and retail energy operations, as well as energy management services. The Storage and Transportation segment is involved in the investments in the natural gas storage and transportation market, such as natural gas storage and transportation facilities. The company was founded in 1981 and is headquartered in Wall, NJ.

New Jersey Resources has a healthy capital structure and leverage condition compared to its peers in the natural gas utilities sector. The stock valuation indicates a fair value of approximately $56 per share, making it an attractive investment opportunity. Potential risks include reliance on regulatory incentives for solar energy projects and fluctuations in natural gas pricing affecting the Energy Services segment.

New Jersey Resources: A Bright Future Unveiled Through Stock Valuation And Financial Analysis

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Volatility has gripped markets once again. Hence, investing in utility stocks like Consolidated Edison, Inc. (ED), Atmos Energy Corporation (ATO), New Jersey Resources Corporation (NJR) and Global Water Resources, Inc. (GWRS) would be prudent.

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Atmos Energy (ATO) appears to be a better gas distribution stock than NewJersey Resources (NJR) at present.

ATO or NJR: Which Is a Better Utility Gas Distribution Stock?

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As debt default worries lead to market volatility, investors should place bets on risk-adjusted stocks such as NiSource (NI), NewJersey Resources (NJR), and Campbell Soup (CPB).

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Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does New Jersey Resources (NJR) have what it takes?

New Jersey Resources (NJR) Could Be a Great Choice

New Jersey Resources (NJR) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -7.74% in 4 Weeks, Here's Why New Jersey Resources (NJR) Looks Ripe for a Turnaround

New Jersey Resources (NJR) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Is New Jersey Resources (NJR) a Solid Growth Stock? 3 Reasons to Think "Yes"

New Jersey Resources Corporation (NYSE:NJR ) Q2 2023 Earnings Conference Call May 4, 2023 10:00 AM ET Company Participants Adam Prior - Director, Investor Relations Steve Westhoven - President & Chief Executive Officer Roberto Bel - Senior Vice President & Chief Financial Officer Conference Call Participants Richard Sunderland - JPMorgan Travis Miller - Morningstar Robert Mosca - Mizuho Operator Good morning, ladies and gentlemen. Welcome to the New Jersey Resources Fiscal 2023 Second Quarter Conference Call and Webcast.

New Jersey Resources Corporation (NJR) Q2 2023 Earnings Call Transcript

New Jersey Resources (NJR) came out with quarterly earnings of $1.16 per share, missing the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $1.36 per share a year ago.

New Jersey Resources (NJR) Q2 Earnings and Revenues Lag Estimates

WALL, N.J.--(BUSINESS WIRE)--Today, New Jersey Resources Corporation (NYSE: NJR) reported results for the second quarter of fiscal 2023. Highlights include: Consolidated net income of $110.2 million, compared with net income of $96.0 million in the second quarter of fiscal 2022 Consolidated net financial earnings (NFE), a non-GAAP financial measure, of $112.3 million, or $1.16 per share, compared to NFE of $130.2 million, or $1.36 per share, in the second quarter of fiscal 2022 Re-affirmed fisc.

New Jersey Resources Reports Fiscal 2023 Second-Quarter Results

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Fresh fears over the stability of the U.S. financial sector gripped markets following the collapse of First Republic Bank. It would thus be prudent to invest in defensive stocks like NJR, NI & VST.

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WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today announced the appointment of Frank Casey as President of NJR Home Services, the company's appliance service and home comfort business, effective July 1, 2023. Mr. Casey will succeed Senior Vice President of NJR Retail and NJR Home Services President Thomas J. Massaro, who will be retiring on September 30, 2023. “Frank is a talented and well-respected leader with extensive experience in the energy and appliance service field, an.

New Jersey Resources Names Frank Casey President of NJR Home Services

New Jersey Resources (NJR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will New Jersey Resources (NJR) Beat Estimates Again in Its Next Earnings Report?

New Jersey Resources (NJR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

New Jersey Resources (NJR) Expected to Beat Earnings Estimates: Should You Buy?

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We have selected five defensive stocks with strong momentum. These are: CAG, COTY, NEE, NJR, RDY.

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WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) invites investors, customers, members of the financial community and other interested parties to listen to a live webcast of its fiscal 2023 second quarter financial results on Thursday, May 4, 2023, at 10 a.m. ET.

New Jersey Resources Schedules Fiscal 2023 Second Quarter Earnings Call

Does New Jersey Resources (NJR) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes New Jersey Resources (NJR) a Strong Momentum Stock: Buy Now?

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Defense is sometimes the best offense. In the spirit of March Madness and market volatility, it's time to get defensive as the banking crisis and market uncertainty fuel U.S. recession risks. As stocks fluctuate and the Fed suggests tighter credit conditions, investors are on edge with markets in flux following months of rate hikes.

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The near-term prospects of the Zacks Gas Distribution industry look challenging. Yet, systematic investment to strengthen infrastructure and efficiently supply natural gas to customers should drive the performance of ATO, MDU, NJR and SR.

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When I last wrote about NJR, I called the company a "HOLD" due to its valuation. The company, since that time, is in the red, validating the thesis. I'm updating my thesis for 2023 for New Jersey Resources - the company is a technically attractive compounder, especially in this environment.

New Jersey Resources: Underperformance Since December, Looking At 2023

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As markets gyrate on inflationary pressure, invest in dividend stocks like Regency Centers (REG), Prudential Financial (PRU), Omnicom Group (OMC), NiSource (NI) & NewJersey Resources (NJR) for a steady income.

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WALL, N.J.--(BUSINESS WIRE)--Today, New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources (NYSE: NJR) notified the New Jersey Board of Public Utilities (BPU) it will implement a bill credit and lower the Basic Gas Supply Service (BGSS) rate for residential and small commercial customers, effective March 1, 2023. With this bill credit and rate decrease, the typical NJNG customer using 1,000 therms per year will see a savings of $129.48, or 8.1%, on their annual bill.

New Jersey Natural Gas Announces Bill Credit and Rate Decrease for Residential and Small Commercial Customers

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NJR, LVS and SLAB made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on February 7, 2023.

Best Momentum Stock to Buy for February 7th

New Jersey Resources Corporation (NYSE:NJR ) Q1 2023 Earnings Conference Call February 2, 2023 10:00 AM ET Company Participants Adam Prior - Director, IR Steve Westhoven - President, CEO Roberto Bel - SVP, CFO Amy Cradic - SVP, COO of Non-Utility Businesses, Strategy and External Affairs Conference Call Participants Chris Ellinghaus - Siebert Williams Shank Richard Sunderland - JPMorgan Gabe Moreen - Mizuho Jamieson Ward - Guggenheim Partners Travis Miller - Morningstar Operator Hello, everyone, and welcome to the New Jersey Resources Fiscal 2023 First Quarter Conference Call and Webcast. My name is Bruno, and I will be operating your call today.

New Jersey Resources Corporation (NJR) Q1 2023 Earnings Call Transcript

New Jersey Resources (NJR) delivered earnings and revenue surprises of 44.30% and 14.28%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

News for New Jersey Resources Stock (NJR)