New Jersey Resources Corporation (NJR)

NYSE: NJR · IEX Real-Time Price · USD
45.92
-0.18 (-0.39%)
At close: Jul 19, 2024, 4:00 PM
46.00
+0.08 (0.17%)
After-hours: Jul 20, 2024, 12:58 PM EDT
-0.39%
Market Cap 4.54B
Revenue (ttm) 1.72B
Net Income (ttm) 248.78M
Shares Out 98.82M
EPS (ttm) 2.53
PE Ratio 18.15
Forward PE 15.30
Dividend $1.68 (3.66%)
Ex-Dividend Date Jun 12, 2024
Volume 292,166
Open 46.24
Previous Close 46.10
Day's Range 45.30 - 46.24
52-Week Range 38.92 - 47.04
Beta 0.62
Analysts Hold
Price Target 46.00 (+0.17%)
Earnings Date Aug 6, 2024

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 approximately 576,000 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 rele... [Read more]

Sector Utilities
Founded 1922
Employees 1,350
Stock Exchange NYSE
Ticker Symbol NJR
Full Company Profile

Financial Performance

In 2023, NJR's revenue was $1.96 billion, a decrease of -32.45% compared to the previous year's $2.91 billion. Earnings were $264.72 million, a decrease of -3.71%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for NJR stock is "Hold." The 12-month stock price forecast is $46.0, which is an increase of 0.17% from the latest price.

Price Target
$46.0
(0.17% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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...

19 days 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...

24 days 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...

7 weeks 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...

2 months ago - Business Wire

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, ...

2 months ago - Business Wire

New Jersey Resources Celebrates Earth Day With Pledge to Support Coastal Resilience and Healthy Ecosystems Through Monmouth University's Urban Coast Institute

WALL, N.J.--(BUSINESS WIRE)--In celebration of Earth Day, New Jersey Resources (NYSE: NJR), the parent company of New Jersey Natural Gas (NJNG), announced a $75,000 donation to Monmouth University's U...

3 months ago - Business Wire

New Jersey Natural Gas to Reduce Fleet Emissions with Neste MY Renewable Diesel

WALL, N.J.--(BUSINESS WIRE)--Expanding on its sustainability leadership, New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources (NYSE: NJR), announced it is switching to a new...

3 months 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 $0.42 per share. The ...

3 months ago - Business Wire

New Jersey Resources Schedules Fiscal 2024 Second 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...

3 months ago - Business Wire

CI RENEWABLES LLC AND NJR CLEAN ENERGY VENTURES FORM SOLAR DEVELOPMENT PARTNERSHIP

BALTIMORE , March 7, 2024 /PRNewswire/ -- CI Renewables LLC ("CI"), a leading independent developer and owner of large scale commercial and industrial solar power facilities, announced today that it h...

4 months ago - PRNewsWire

New Jersey Resources Reports Fiscal 2024 First-Quarter Results; Increases Net Financial Earnings Guidance for Fiscal 2024

WALL, N.J.--(BUSINESS WIRE)--Today, New Jersey Resources Corporation (NYSE: NJR) reported results for the first quarter of fiscal 2024. Highlights include: Consolidated net income of $89.4 million, co...

5 months ago - Business Wire

New Jersey Natural Gas Files Base Rate Case With the New Jersey Board of Public Utilities

WALL, N.J.--(BUSINESS WIRE)--New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources (NYSE: NJR), filed a petition with the New Jersey Board of Public Utilities (BPU) requestin...

6 months ago - Business Wire

New Jersey Resources Hosts 71st Annual Meeting

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR), today hosted its 71st Annual Shareowners Meeting. At the virtual meeting, shareowners elected Donald L. Correll, James H. DeGraffenreidt ...

6 months ago - Business Wire

New Jersey Resources Expands Coastal Climate Initiative, Environmental Stewardship Efforts With Milestone Funding Announcement

WALL, N.J.--(BUSINESS WIRE)--In conjunction with its 71st Annual Shareowners Meeting, New Jersey Resources (NYSE: NJR) today released its fiscal 2023 Corporate Sustainability Report highlighting the c...

6 months ago - Business Wire

New Jersey Resources Schedules Fiscal 2024 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...

6 months ago - Business Wire

New Jersey Resources Announces Executive Promotion

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today announced Angel Velez, a 17-year veteran of the organization, has been named a Vice President in the company's Energy Services busin...

7 months ago - Business Wire

New Jersey Resources Named One of America's Most Responsible Companies by Newsweek

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) was named one of America's Most Responsible Companies by Newsweek, and one of only 156 companies to earn this distinction for five consecu...

8 months ago - Business Wire

New Jersey Resources Reports Fiscal 2023 Fourth-Quarter and Year End Results

WALL, N.J.--(BUSINESS WIRE)--Today, New Jersey Resources Corporation (NYSE: NJR) reported results for the fourth quarter and year ended fiscal 2023. Highlights include: Consolidated net income of $264...

8 months ago - Business Wire

Peter C. Harvey Elected to the Board of Directors of New Jersey Resources

WALL, N.J.--(BUSINESS WIRE)--The board of directors of New Jersey Resources (NYSE: NJR) today announced the unanimous election of Peter C. Harvey to the board. “Peter Harvey is a nationally recognized...

9 months ago - Business Wire

New Jersey Resources Schedules Fiscal 2023 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...

9 months ago - Business Wire

New Jersey Natural Gas Names Marissa Travaline Vice President of Customer Service, Marketing and Energy Efficiency

WALL, N.J.--(BUSINESS WIRE)--New Jersey Natural Gas, (NJNG), a regulated subsidiary of New Jersey Resources (NYSE: NJR), announced the appointment of Marissa Travaline as Vice President, Customer Serv...

10 months ago - Business Wire

New Jersey Resources Board of Directors Increases Dividend by 7.7% to $0.42 Per Share

WALL, N.J.--(BUSINESS WIRE)--The board of directors (the “Board”) of New Jersey Resources Corporation (NYSE: NJR) unanimously approved a 7.7 percent increase in the quarterly dividend rate to $0.42 pe...

11 months ago - Business Wire

DRIVEN BY SUSTAINABILITY: DONNELLY ENERGY HELPS SAWYER LYONS COMPLETE ITS ENERGY EFFICIENCY TRANSFORMATION

WAYNE, N.J. , Sept. 5, 2023 /PRNewswire/ -- Donnelly Energy and Sawyer Lyons Buick GMC are proud to announce the completion of their comprehensive energy efficiency partnership with the kick-off of th...

11 months ago - PRNewsWire

New Jersey Resources Reports Fiscal 2023 Third-Quarter Results

WALL, N.J.--(BUSINESS WIRE)--Today, New Jersey Resources Corporation (NYSE: NJR) reported results for the third quarter of fiscal 2023. Highlights include: Consolidated net income of $1.5 million, com...

1 year ago - Business Wire

New Jersey Resources Names James Eckert Vice President of Storage and Transportation

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today announced the appointment of James Eckert as Vice President, Storage and Transportation, NJR Midstream Company (S&T), a wholly-owned...

1 year ago - Business Wire