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New Jersey Resources Corporation  (NYSE: NJR)
Other Ticker:  
 
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities
 
Price: $44.2300 $-0.04 -0.090%
Day's High: $44.43 Week Perf: -1.23 %
Day's Low: $ 44.09 30 Day Perf: -4.35 %
Volume (M): 447 52 Wk High: $ 51.94
Volume (M$): $ 19,775 52 Wk Avg: $46.72
Open: $44.34 52 Wk Low: $41.68



 Market Capitalization (Millions $) 4,464
 Shares Outstanding (Millions) 101
 Employees 1,372
 Revenues (TTM) (Millions $) 2,073
 Net Income (TTM) (Millions $) 415
 Cash Flow (TTM) (Millions $) 79
 Capital Exp. (TTM) (Millions $) 394

New Jersey Resources Corporation
New Jersey Resources Corporation (NJRC) is a leading energy company headquartered in Wall, New Jersey. The company is engaged in the business of energy and provides natural gas, electricity and clean energy solutions, as well as energy services to customers throughout the United States of America. The company has been in business for more than 100 years and operates primarily in New Jersey, as well as neighboring states such as Maine, Maryland, and Florida.

NJRC's primary business segments include natural gas distribution, with operations under the New Jersey Natural Gas (NJNG) brand, energy services, clean energy, and aviation. NJNG delivers natural gas to over half a million customers in New Jersey and provides gas transportation and storage services to wholesale customers. The energy services segment provides system design, installation, and contracting services for commercial and industrial customers. The clean energy segment invests in renewable energy development and owns and operates solar projects in New Jersey and Maryland. NJRC's aviation segment provides aviation-related services and equipment leasing services to customers around the world.

NJRC has a strong commitment to sustainability and has set a goal to reduce its carbon footprint by 50% by 2030. The company has invested in the development of clean energy solutions, such as solar and wind, to help reduce greenhouse gas emissions. It also provides energy-efficiency programs to help customers use less energy and reduce their carbon footprint.

NJRC has a strong financial position, with a market capitalization of over $4 billion and a growing dividend payment history. The company has been recognized for its commitment to sustainability, customer service, and community engagement. NJRC is a member of the Dow Jones Sustainability North America Index and has been named one of America's 100 Most Trustworthy Companies by Forbes Magazine.

In conclusion, NJRC is an energy company that has been in operation for over 100 years, offering natural gas distribution, energy services, clean energy solutions, and aviation services. The company is committed to sustainable development, and its growing dividend payment history and recognition by Forbes Magazine are testimony to the quality of the company's operations.


   Company Address: 1415 Wyckoff Road Wall 7719 NJ
   Company Phone Number: 938?1480   Stock Exchange / Ticker: NYSE NJR


   

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Business Update

Investing in Sustainability New Jersey Resources Partners with Rutgers for Vibrant Communities Initiative

Published Tue, Jan 21 2025 6:44 PM UTC

In a notable stride towards environmental sustainability, New Jersey Resources (NJR) has pledged $50,000 to launch Rutgers University?s inaugural Vibrant Communities Sustainability and Resiliency Project. This partnership is part of a broader commitment by NJR, the parent company of New Jersey Natural Gas (NJNG), under its Coastal Climate Initiative (CCI). The collaboration ...

Business Update

New Jersey Resources Commits $500,000 to Restore and Transform Scudder Preserve, Enhancing Environmental Stewardship

Published Thu, Jun 27 2024 12:47 PM UTC

In a significant move towards environmental stewardship and community resiliency, New Jersey Resources (NJR) has pledged a remarkable five-year funding commitment of $500,000 to the Monmouth Conservation Foundation (MCF) through its Coastal Climate Initiative (CCI). The financial support aims to restore and enhance the Scudder Preserve, an essential natural habitat located i...

Business Update

New Jersey Natural Gas Takes Sustainable Steps Towards a Greener Future

Published Fri, May 31 2024 4:38 PM UTC

New Jersey Natural Gas (NJNG), a prominent subsidiary of New Jersey Resources (NYSE: NJR), is leading the way in sustainability efforts within the natural gas industry. With recent announcements regarding its annual rate adjustments and a significant shift towards lower-emission fuels, the company is demonstrating its commitment to reducing greenhouse gas (GHG) emissions and...

Business Update

title for the article: New Jersey Natural Gas Leads the Way in Carbon Capture Technology and Sustainable Fuel Adoption

Published Tue, May 14 2024 4:47 PM UTC

In a groundbreaking move towards reducing greenhouse gas emissions, New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources (NYSE: NJR), has recently installed two CarbinX carbon-capture systems at its headquarters in Wall, New Jersey. This installation marks the first operational deployment of such units in the state. Each CarbinX unit, approximately...

New Jersey Resources Corporation

New Jersey Resources Corporation sees income soar by almost 8% in fiscal Q2 2024



New Jersey Resources Corporation (NJR) recently released its financial results for the second quarter of fiscal 2024. The report indicates moderate revenue growth, an increase in income per share, improving profit margins, and a focus on sustainability through the use of lower emissions fuel. These positive results are indicative of NJR's commitment to innovation and environmental responsibility.
Financial Performance and Growth:
In the second quarter of fiscal 2024, NJR achieved a revenue growth of 2.156% to reach $657.91 million. This represents a substantial surge of 40.817% compared to the preceding quarter. Year-on-year, income per share advanced by 7.96% to $1.22. Additionally, net earnings for the fiscal year ending March 31, 2024, showed an increase of 9.58% to $120.812 million compared to the previous fiscal year.







New Jersey Resources's Segments
Natural gas utility sales    55.8 % of total Revenue
Natural gas services    4.07 % of total Revenue
Service contracts    1.02 % of total Revenue
Installations and maintenance    0.64 % of total Revenue
Renewable energy certificates    0.31 % of total Revenue
Electricity sales    0.54 % of total Revenue
ES    26.99 % of total Revenue
NJNG    67.72 % of total Revenue
NJNG Natural gas utility sales    55.8 % of total Revenue
CEV    0.87 % of total Revenue
CEV Renewable energy certificates    0.31 % of total Revenue
CEV Electricity sales    0.54 % of total Revenue
ES Natural gas services    1.3 % of total Revenue
S T    2.77 % of total Revenue
S T Natural gas services    2.77 % of total Revenue
Corporate Non-Segment    1.65 % of total Revenue
Corporate Non-HSO    1.65 % of total Revenue
Corporate Non-HSO Service contracts    1.02 % of total Revenue
Corporate Non-HSO Installations and maintenance    0.64 % of total Revenue
Eliminations    -0.04 % of total Revenue
Eliminations NJNG    -0.03 % of total Revenue
Eliminations S T    0 % of total Revenue
Eliminations HSO    -0.01 % of total Revenue
Residential    44.59 % of total Revenue
Commercial and industrial    12.99 % of total Revenue
Firm transportation    4.64 % of total Revenue
Interruptible off-tariff and other    0.12 % of total Revenue
NJNG Residential    42.95 % of total Revenue
NJNG Commercial and industrial    8.05 % of total Revenue
NJNG Firm transportation    4.64 % of total Revenue
NJNG Interruptible off-tariff and other    0.12 % of total Revenue
CEV Commercial and industrial    0.86 % of total Revenue
ES Commercial and industrial    1.3 % of total Revenue
S T Commercial and industrial    2.77 % of total Revenue
HSO Corporate Non-Segment    1.65 % of total Revenue
HSO Corporate Non-Residential    1.64 % of total Revenue
HSO Corporate Non-Commercial and industrial    0 % of total Revenue
InterEliminations    0.03 % of total Revenue
InterEliminations NJNG    0.03 % of total Revenue
InterEliminations S T    -0 % of total Revenue
Corporate Reconciling Items and Eliminations    0.01 % of total Revenue
Eliminations and Reconciling Items    -0.04 % of total Revenue

  New Jersey Resources Outlook

On February 6 2024 the New Jersey Resources provided following guidance

New Jersey Resources Corporation, a publicly-traded company listed on the NYSE under the ticker symbol NJR, announced its financial results for the first quarter of fiscal year 2024. The company reported consolidated net income of $89.4 million for the quarter, a decrease from $115.9 million in the first quarter of fiscal year 2023. Additionally, the company reported consolidated net financial earnings (NFE), a non-GAAP financial measure, of $72.4 million, or $0.74 per share, compared to $110.3 million, or $1.14 per share, in the first quarter of the previous fiscal year.

It should be noted that the financial figures for the first quarter of fiscal year 2024 are not directly comparable to the same per...





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