New Jersey Resources (NJR) Stock

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 Bel - SVP and CFO Pat Migliaccio - SVP and COO Conference Call Participants Robert Mosca - Mizuho Securities Chris Ellinghaus - Seibert Williams Shank Travis Miller - Morningstar Operator Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today.

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: Fiscal 2024 consolidated net income of $289.8 million, or $2.94 per share, compared with net income of $264.7 million, or $2.73 per share, in fiscal 2023 Consolidated net financial earnings (NFE), a non-GAAP financial measure, of $290.8 million, or $2.95 per share, in fiscal 2024, compared to NFE of.

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 portfolio, to Spruce Power Holding Corporation (NYSE: SPRU) for a total of $132.5 million. NJR expects to record a gain on sale in fiscal 2025, and will use the proceeds to pay down corporate debt and for general working capital purposes. “Renewable energy investments are an integral part of our business a.

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 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 invest.

CAMDEN, N.J.--(BUSINESS WIRE)--New Jersey American Water announced today that four New Jersey organizations — Boys and Girls Clubs of Union County, Hopeworks, Junior Achievement of New Jersey and Salem County Inter-Agency Council of Human Services — were each awarded a $25,000 American Water Charitable Foundation 2024 Workforce Readiness grant, focusing on general career readiness, financial and business literacy, positive youth development and life skills training. "Every day, we work to keep.

NJR continues to increase shareholders' value as its board of directors approves a 7.1% quarterly dividend hike.

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 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 r.

NJR makes a strong case for investment, given its growth prospects, strong ROE and capability to increase shareholders' value.

Nevis Brands (CSE:NEVI, OTCQB:PSCBF) CEO John Kueber joined Proactive to discuss the company's new licensing agreement with Stash House to produce and distribute Major-branded cannabis beverages in New Jersey. Kueber highlighted the importance of New Jersey's market due to its proximity to major population centers like New York City.