New Jersey Resources Corporation (NJR)

NYSE: NJR · Real-Time Price · USD
46.90
+0.45 (0.97%)
Feb 21, 2025, 4:00 PM EST - Market closed
0.97%
Market Cap 4.70B
Revenue (ttm) 1.82B
Net Income (ttm) 331.68M
Shares Out 100.29M
EPS (ttm) 3.33
PE Ratio 14.10
Forward PE 15.52
Dividend $1.80 (3.84%)
Ex-Dividend Date Mar 11, 2025
Volume 539,189
Open 46.81
Previous Close 46.45
Day's Range 46.63 - 47.12
52-Week Range 40.51 - 51.95
Beta 0.65
Analysts Hold
Price Target 51.75 (+10.34%)
Earnings Date Feb 3, 2025

About NJR

New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to residential and commercial customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity... [Read more]

Sector Utilities
Founded 1922
Employees 1,372
Stock Exchange NYSE
Ticker Symbol NJR
Full Company Profile

Financial Performance

In 2024, New Jersey Resources's revenue was $1.80 billion, a decrease of -8.48% compared to the previous year's $1.96 billion. Earnings were $289.78 million, an increase of 9.46%.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for NJR stock is "Hold." The 12-month stock price forecast is $51.75, which is an increase of 10.34% from the latest price.

Price Target
$51.75
(10.34% upside)
Analyst Consensus: Hold
Stock Forecasts

News

New Jersey Resources Corporation (NJR) Q1 2025 Earnings Call Transcript

New Jersey Resources Corporation (NYSE:NJR) Q1 2025 Earnings Conference Call February 4, 2025 10:00 AM ET Company Participants Adam Prior – Director-Investor Relations Steve Westhoven – President and...

17 days ago - Seeking Alpha

New Jersey Resources Reports Fiscal 2025 First-Quarter Results

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources Corporation (NYSE: NJR) today reported financial and operating results for its fiscal 2025 first quarter ended December 31, 2024. Regulatory and Opera...

18 days ago - Business Wire

New Jersey Resources Board of Directors Declares Quarterly Dividend

WALL, N.J.--(BUSINESS WIRE)--The board of directors (the “Board”) of New Jersey Resources Corporation (NYSE: NJR) unanimously declared a quarterly dividend on its common stock of $0.45 per share. The ...

4 weeks ago - Business Wire

New Jersey Resources Hosts 72nd Annual Meeting

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR), today hosted its 72nd Annual Shareowners Meeting. At the virtual meeting, shareowners elected Gregory E. Aliff, Thomas C. O'Connor and Mi...

4 weeks ago - Business Wire

New Jersey Resources Announces $50,000 Pledge to Launch Rutgers University's First Vibrant Communities Sustainability & Resiliency Project

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR), the parent company of New Jersey Natural Gas (NJNG), today announced a new collaborative effort with Rutgers University and its School of...

4 weeks ago - Business Wire

New Jersey Resources Schedules Fiscal 2025 First Quarter Earnings Call

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 20...

5 weeks ago - Business Wire

New Jersey Resources Corporation (NJR) Q4 2024 Earnings Call Transcript

New Jersey Resources Corporation (NYSE:NJR) Q4 2024 Earnings Call Transcript November 26, 2024 10:00 AM ET Company Participants Adam Prior - Director of IR Steve Westhoven - President and CEO Roberto...

3 months ago - Seeking Alpha

New Jersey Resources Reports Fiscal 2024 Fourth-Quarter and Year-End Results

WALL, N.J.--(BUSINESS WIRE)--Today, New Jersey Resources Corporation (NYSE: NJR) reported results for the fiscal 2024 fourth quarter and year-ended September 30, 2024. Financial highlights include: Fi...

3 months ago - Business Wire

Spruce Power Announces Acquisition of Residential Solar Portfolio from NJR Clean Energy Ventures, Adding Nearly 9,800 Customers in New Jersey

DENVER--(BUSINESS WIRE)--Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”) today announced the acquisition of a residential solar portfolio from NJR Clean Energy Ventures (“CEV...

Other symbols: SPRU
3 months ago - Business Wire

NJR Clean Energy Ventures Announces Sale of Residential Solar Business

WALL, N.J.--(BUSINESS WIRE)--NJR Clean Energy Ventures (CEV), a clean energy subsidiary of New Jersey Resources (NYSE: NJR), today announced the sale of its 91 megawatt (MW) residential solar portfoli...

Other symbols: SPRU
3 months ago - Business Wire

New Jersey Board of Public Utilities Approves New Rates for New Jersey Natural Gas

WALL, N.J.--(BUSINESS WIRE)--New Jersey Natural Gas (NJNG) today received approval from the New Jersey Board of Public Utilities on the settlement of its base rate case resulting in a $157 million inc...

3 months ago - Business Wire

New Jersey Natural Gas Receives Approval for Its Largest Ever Energy-efficiency Program

WALL, N.J.--(BUSINESS WIRE)--New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources (NYSE: NJR), today received approval from the New Jersey Board of Public Utilities (BPU) fo...

4 months ago - Business Wire

New Jersey Resources Schedules Fiscal 2024 Fourth Quarter and Year-End Earnings Call

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 20...

4 months ago - Business Wire

New Jersey Resources: Still A Buy After Its Recent Dividend Hike

Last month, New Jersey Resources upped its quarterly dividend per share for the 29th consecutive year. The natural gas utility missed analyst expectations for total operating revenue and consolidated ...

4 months ago - Seeking Alpha

New Jersey Resources Board of Directors Increases Dividend by 7.1% to $0.45 Per Share

WALL, N.J.--(BUSINESS WIRE)--The board of directors (the “Board”) of New Jersey Resources Corporation (NYSE: NJR) unanimously approved a 7.1 percent increase in the quarterly dividend rate to $0.45 pe...

5 months ago - Business Wire

New Jersey Resources Corporation (NJR) Q3 2024 Earnings Call Transcript

New Jersey Resources Corporation (NYSE:NJR) Q3 2024 Results Conference Call August 6, 2024 10:00 AM ET Company Participants Adam Prior - Head of Investor Relations Steve Westhoven - President and Chi...

7 months ago - Seeking Alpha

25 Snack Food Suppliers Queue Up for ReposiTrak's Rapidly Expanding Food Traceability Network

SALT LAKE CITY--(BUSINESS WIRE)--As regulatory deadlines approach, 25 snack food suppliers align with ReposiTrak for its state-of-the-art, hardware-free traceability solutions.

7 months ago - Business Wire

New Jersey Resources Reports Fiscal 2024 Third-Quarter Results

WALL, N.J.--(BUSINESS WIRE)--Today, New Jersey Resources Corporation (NYSE: NJR) reported results for the third quarter of fiscal 2024. Highlights include: Consolidated net loss of $(11.6) million, co...

7 months ago - Business Wire

New Jersey Resources: This Dividend Champion Looks Like A Buy Right Now

New Jersey Resources is a Dividend Champion, with 28 consecutive years of dividend growth to its credit. The natural gas utility's operating revenue and non-GAAP EPS climbed higher in its fiscal secon...

8 months ago - Seeking Alpha

New Jersey Resources Schedules Fiscal 2024 Third Quarter Earnings Call

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 20...

8 months ago - Business Wire

New Jersey Resources Announces $500,000 Funding Commitment to Restore and Transform Scudder Preserve in Monmouth County

WALL, N.J.--(BUSINESS WIRE)--Building on its commitment to environmental stewardship and support of community resiliency, New Jersey Resources (NYSE: NJR) today announced a five-year, $500,000 funding...

8 months ago - Business Wire

New Jersey Natural Gas Files Annual Rate Adjustments With the New Jersey Board of Public Utilities

WALL, N.J.--(BUSINESS WIRE)--New Jersey Natural Gas (NJNG), a regulated subsidiary of New Jersey Resources (NYSE: NJR), today filed its annual Basic Gas Supply Service (BGSS) and Conservation Incentiv...

9 months ago - Business Wire

New Jersey Natural Gas Announces Installation of State's First CarbinX Carbon Capture Units

WALL, N.J.--(BUSINESS WIRE)--Building on its commitment to develop and deploy innovative approaches to reduce greenhouse gas emissions, New Jersey Natural Gas (NJNG), the principal subsidiary of New J...

10 months ago - Business Wire

New Jersey Resources Corporation (NJR) Q2 2024 Earnings Call Transcript

New Jersey Resources Corporation (NYSE:NJR) Q2 2024 Earnings Conference Call May 7, 2024 10:00 AM ET Company Participants Adam Prior - Director, IR Steve Westhoven - President, CEO, & Director Robert...

10 months ago - Seeking Alpha

New Jersey Resources Reports Fiscal 2024 Second-Quarter Results

WALL, N.J.--(BUSINESS WIRE)--Today, New Jersey Resources Corporation (NYSE: NJR) reported results for the second quarter of fiscal 2024. Highlights include: Consolidated net income of $120.8 million, ...

10 months ago - Business Wire