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New Jersey Resources Corporation (NYSE: NJR) |
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Price: $53.4000
$-0.32 
-0.596%
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| Day's High:
| $53.900001525878906
| Week Perf:
| 0.11 %
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| Day's Low: |
$ 53.21 |
30 Day Perf: |
-1.96 % |
| Volume (M): |
500,815 |
52 Wk High: |
$ 60.86 |
| Volume (M$): |
$ 0 |
52 Wk Avg: |
$51.92 |
| Open: |
$54.14 |
52 Wk Low: |
$43.46 |
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| Market Capitalization (Millions $) |
5,435 |
| Shares
Outstanding (Millions) |
102 |
| Employees |
1,376 |
| Revenues (TTM) (Millions $) |
2,488 |
| Net Income (TTM) (Millions $) |
366 |
| Cash Flow (TTM) (Millions $) |
124 |
| Capital Exp. (TTM) (Millions $) |
511 |
Business Description
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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| Stock Performances by Major Competitors |
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| Business Update
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 collaboratio...
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| Business Update
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...
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| Business Update
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...
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| Business Update
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...
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| Business Update
Published Mon, Apr 22 2024 7:50 AM UTC
New Jersey Natural Gas (NJNG), a primary subsidiary of New Jersey Resources, is pioneering a sustainable future by adopting lower emissions fuel for its medium-duty trucks and equipment. With a continued emphasis on its sustainability leadership throughout its fleet operations, NJNG will now utilize Neste MY Renewable Diesel in a strategic bid to further minimize greenhouse ...
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Fundamental Analysis
| Per Share |
Current |
| Earnings (TTM) |
3.62 $ |
| Revenues (TTM) |
24.44 $
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| Cash Flow (TTM) |
1.22 $ |
| Cash |
0.33 $
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| Book Value |
25.97 $
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| Dividend (TTM) |
1.91 $ |
| Efficiency
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Current |
| Revenue per Employee
(TTM) |
1,807,775 |
| Net
Income per Employee (TTM) |
266,107 |
| Receivable Turnover Ratio (TTM) |
14.2 |
| Inventory Turnover Ratio (TTM) |
- |
| Asset Turnover Ratio (TTM) |
0.32 |
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| Per Share |
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| Earnings (TTM) |
3.62 $
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| Revenues (TTM) |
24.44 $ |
| Cash Flow (TTM) |
1.22 $ |
| Cash |
0.33 $
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| Book Value |
25.97 $ |
| Dividend (TTM) |
1.91 $ |
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| Natural Gas Utility |
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 184.74 % |
of total Revenue |
| Wholesale Natural Gas |
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21.95 % |
of total Revenue |
| InterEliminations NJNG |
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0.01 % |
of total Revenue |
| S T Commercial and industrial |
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4.73 % |
of total Revenue |
| Installation and Maintenance |
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3.29 % |
of total Revenue |
| Renewable energy certificates |
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2.57 % |
of total Revenue |
| Electricity |
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3.57 % |
of total Revenue |
| Natural Gas Distribution (njng) |
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21.53 % |
of total Revenue |
| Storage and Transportation (s&t) |
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14.65 % |
of total Revenue |
| Home Services and Other (hso) |
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8.02 % |
of total Revenue |
| Consolidation, Eliminations |
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-0.11 % |
of total Revenue |
| Clean Energy Ventures (cev) |
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3.89 % |
of total Revenue |
| Energy Services (ES) |
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65.69 % |
of total Revenue |
| Corporate Segment and Other Operating |
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7.91 % |
of total Revenue |
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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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