New Jersey Resources Q1 EPS $0.74 Misses $0.75 Estimate, Sales $467.21M Down From $723.57M YoY

2/6/24 7:09:58 AM ET

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New Jersey Resources (NYSE:NJR) reported quarterly earnings of $0.74 per share which missed the analyst consensus estimate of $0.75 by 1.33 percent. This is a 35.09 percent decrease over earnings of $1.14 per share from the same period last year. The company reported $467.21 million in sales this quarter. This is a 35.43 percent decrease over sales of $723.57 million the same period last year.

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Recent Analyst Ratings for
$NJR

Date	Price Target	Rating	Analyst
9/21/2023	$44.00 → $46.00	Underweight → Neutral	JP Morgan
9/9/2022	$47.00 → $46.00	Neutral → Underweight	JP Morgan
1/5/2022	$42.00	Buy → Neutral	Mizuho
6/25/2021	$39.00	Neutral → Underperform	BofA Securities

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New Jersey Resources Affirms FY2024 Adj EPS Guidance $2.85-3.00 vs $2.93 Est
iscal 2024 NFE Guidance: NJR re-affirmed its fiscal 2024 NFEPS guidance range of $2.85 to $3.00, which was increased by $0.15 in February 2024, subject to the risks and uncertainties identified below under "Forward-Looking Statements." In fiscal 2024, NJR expects Energy Services will represent a higher percentage of NFEPS than in prior years due to contributions from the Asset Management Agreements signed in 2020*. The following chart represents NJR's current expected contributions from its business segments for fiscal 2024: Company Expected Fiscal 2024 Net Financial Earnings Contribution New Jersey Natural Gas 40 to 45 pe
5/7/24 8:38:16 AM ET
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New Jersey Resources Q2 2024 Adj EPS $1.41 Beats $1.33 Estimate, Sales $657.913M Miss $670.000M Estimate
New Jersey Resources (NYSE:NJR) reported quarterly earnings of $1.41 per share which beat the analyst consensus estimate of $1.33 by 6.02 percent. This is a 21.55 percent increase over earnings of $1.16 per share from the same period last year. The company reported quarterly sales of $657.913 million which missed the analyst consensus estimate of $670.000 million by 1.80 percent. This is a 2.16 percent increase over sales of $644.027 million the same period last year.
5/7/24 8:36:21 AM ET
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New Jersey Resources Raises Its FY24 Guidance, Now Sees Net Financial Earnings Per Share Of $2.85-$3.00 (Prior $2.70 - $2.85)
Fiscal 2024 NFE Guidance: NJR is raising its fiscal 2024 NFEPS guidance range by $0.15 to a range of $2.85 to $3.00, subject to the risks and uncertainties identified below under "Forward-Looking Statements." In fiscal 2024, NJR expects Energy Services will represent a higher percentage of NFEPS than in prior years due to contributions from the Asset Management Agreements signed in 2020. The following chart represents NJR's current expected contributions from its business segments for fiscal 2024: Company Expected Fiscal 2024 Net Financial Earnings Contribution New Jersey Natural Gas 40 to 45 percent Clean Energy Venture
2/6/24 7:13:51 AM ET
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New Jersey Resources Board of Directors Declares Quarterly Dividend
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 dividend will be payable on January 2, 2025, to shareowners of record as of December 11, 2024. NJR has paid quarterly dividends continuously since its inception in 1952, and has raised the dividend every year for the last 29 years. About New Jersey Resources New Jersey Resources (NYSE:NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary bus
11/7/24 11:30:00 AM ET
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New Jersey Resources Board of Directors Increases Dividend by 7.1% to $0.45 Per Share
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 per share from $0.42 per share. The new quarterly rate will be effective with the dividend payable October 1, 2024 to shareowners of record on September 23, 2024. The new annual dividend rate will be $1.80 per share. NJR has paid quarterly dividends continuously since its inception in 1952, and has raised the dividend every year for the last 29 years. Steve Westhoven, President and CEO of NJR, stated, "This dividend increase underscores the Board's belief in our strong financial health and confidence in our long-term growth
9/11/24 11:30:00 AM ET
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New Jersey Resources Board of Directors Declares Quarterly Dividend
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 dividend will be payable on July 1, 2024, to shareowners of record as of June 12, 2024. The Company is committed to providing value to its shareowners with a competitive return and has paid quarterly dividends continuously since its inception in 1952. About New Jersey Resources New Jersey Resources (NYSE:NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is compo
4/18/24 12:30:00 PM ET
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New Jersey Board of Public Utilities Approves New Rates for New Jersey Natural Gas
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 increase to its base rates. NJNG requested the increase to recover costs associated with the company's infrastructure investments, system enhancements and the overall operation of its business. "This is a reasonable, fair settlement that recognizes the value of the approximately $850 million of investments New Jersey Natural Gas has made in its operations and system since 2021," said Steve Westhoven, President and CEO of New Jersey Natural Gas. "These investments have significantly enhanced the reliability of our delivery s
11/21/24 12:43:00 PM ET
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New Jersey Resources Board of Directors Declares Quarterly Dividend
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 dividend will be payable on January 2, 2025, to shareowners of record as of December 11, 2024. NJR has paid quarterly dividends continuously since its inception in 1952, and has raised the dividend every year for the last 29 years. About New Jersey Resources New Jersey Resources (NYSE:NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary bus
11/7/24 11:30:00 AM ET
$NJR
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New Jersey Natural Gas Receives Approval for Its Largest Ever Energy-efficiency Program
Energy-efficiency solutions include innovative technologies and enhanced opportunities for residential and commercial customers to achieve emissions reduction. 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) for the next generation of its SAVEGREEN® program. The expanded solutions underscore NJNG's commitment to advancing energy-efficiency opportunities and pursuing new, cleaner energy technologies to help customers reduce their energy usage and lower their energy bills. This program cycle is scheduled to go into effect January 1, 2025, and continue through June 30, 2027,
10/30/24 4:30:00 PM ET
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New Jersey Resources Hosts 71st Annual Meeting
Shareowners Elect Four Directors New Jersey Resources (NYSE:NJR), today hosted its 71st Annual Shareowners Meeting. At the virtual meeting, shareowners elected Donald L. Correll, James H. DeGraffenreidt Jr., M. Susan Hardwick and Peter C. Harvey to NJR's board of directors each for a three-year term that will expire in 2027. "I appreciate our shareowners' overwhelming support for our directors and confidence in our company," said Steve Westhoven, President and CEO of New Jersey Resources. "With the strong expertise of our board, we remain committed to executing on our growth strategy and delivering long-term value for our shareowners." Also at the meeting, NJR's longest serving indepe
1/24/24 10:45:00 AM ET
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New Jersey Natural Gas Names Marissa Travaline Vice President of Customer Service, Marketing and Energy Efficiency
New Jersey Natural Gas, (NJNG), a regulated subsidiary of New Jersey Resources (NYSE:NJR), announced the appointment of Marissa Travaline as Vice President, Customer Service, Marketing and Energy Efficiency effective today. In this role, Ms. Travaline will be responsible for overseeing a diverse team of employees and developing, implementing and executing NJNG's customer experience strategy, customer service and call center operations, residential and commercial growth objectives and energy-efficiency programs. "Marissa brings nearly two decades of strong strategic and operational leadership to New Jersey Natural Gas, skills that will serve our customers and our company well as we lead th
10/2/23 10:05:00 AM ET
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New Jersey Resources Names James Eckert Vice President of Storage and Transportation
Mr. Eckert to succeed Ginger Richman upon her retirement on December 31, 2023 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 subsidiary of NJR, effective August 1, 2023. Mr. Eckert will succeed Vice President Ginger Richman. Ms. Richman will remain with the company to facilitate the leadership transition until her scheduled retirement on December 31, 2023. "With more than three decades of natural gas marketing and operational experience, James is a respected leader and welcome addition to our executive team," said Steve Westhoven, President and CEO of New Jersey Re
7/20/23 7:00:00 AM ET
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New Jersey Resources Q1 EPS $0.74 Misses $0.75 Estimate, Sales $467.21M Down From $723.57M YoY

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Recent Analyst Ratings for $NJR

$NJR Market Insights

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New Jersey Resources Affirms FY2024 Adj EPS Guidance $2.85-3.00 vs $2.93 Est

New Jersey Resources Q2 2024 Adj EPS $1.41 Beats $1.33 Estimate, Sales $657.913M Miss $670.000M Estimate

New Jersey Resources Raises Its FY24 Guidance, Now Sees Net Financial Earnings Per Share Of $2.85-$3.00 (Prior $2.70 - $2.85)

$NJR Financials

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New Jersey Resources Board of Directors Declares Quarterly Dividend

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

New Jersey Resources Board of Directors Declares Quarterly Dividend

$NJR SEC Filings

NewJersey Resources Corporation filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

NewJersey Resources Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Leadership Update, Financial Statements and Exhibits

NewJersey Resources Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

$NJR Large Ownership Changes

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SEC Form SC 13G/A filed by NewJersey Resources Corporation (Amendment)

SEC Form SC 13G/A filed by NewJersey Resources Corporation (Amendment)

SEC Form SC 13G/A filed by NewJersey Resources Corporation (Amendment)

$NJR Press Releases

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

New Jersey Resources Board of Directors Declares Quarterly Dividend

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

$NJR Insider Trading

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SVP, Human Resources Delgiudice Lori was granted 2,839 shares, increasing direct ownership by 20% to 17,294 units (SEC Form 4)

President & CEO Westhoven Stephen D was granted 57,372 shares and covered exercise/tax liability with 28,257 shares, increasing direct ownership by 16% to 209,004 units (SEC Form 4)

SVP, Chief Information Officer Shea Jacqueline K covered exercise/tax liability with 2,344 shares and was granted 8,452 shares, increasing direct ownership by 22% to 34,492 units (SEC Form 4)

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New Jersey Resources Hosts 71st Annual Meeting

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

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

NJ Resources upgraded by JP Morgan with a new price target

NJ Resources downgraded by JP Morgan with a new price target

New Jersey Resources downgraded by Mizuho with a new price target

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