New Jersey Resources (NJR) Company Overview

New Jersey Resources Corporation (NYSE:NJR ) Q1 2025 Earnings Conference Call February 4, 2025 10:00 AM ET Company Participants Adam Prior – Director-Investor Relations Steve Westhoven – President and Chief Executive Officer Roberto Bel – Senior Vice President and Chief Financial Officer Pat Migliaccio – Senior Vice President and Chief Operating Officer-New Jersey Natural Gas Conference Call Participants Shar Pourreza – Guggenheim Securities Richard Sunderland – JPMorgan Gabe Moreen – Mizuho Travis Miller – Morningstar Operator Thank you for standing by. My name is Prilla, and I will be your conference operator today.

New Jersey Resources (NJR) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $0.74 per share a year ago.

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources Corporation (NYSE: NJR) today reported financial and operating results for its fiscal 2025 first quarter ended December 31, 2024. Regulatory and Operating Highlights During the first quarter of fiscal 2025, New Jersey Natural Gas (NJNG) received approval from the New Jersey Board of Public Utilities (BPU) on the settlement of its base rate case, authorizing a $157.0 million annual increase to its base rates, with rates effective on November 21,.

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR), the parent company of New Jersey Natural Gas (NJNG), today announced a new collaborative effort with Rutgers University and its School of Environmental and Biological Sciences to advance the University's “Vibrant Communities” program. NJR committed $50,000 from its Coastal Climate Initiative (CCI) to support the inaugural Vibrant Communities program's sustainability and resiliency project. The CCI supports projects and programs desi.

Atmos Energy, New Jersey Resources, and MDU Resources are included in the Zacks Industry Outlook report.

The Zacks Gas Distribution industry is seeing better short-term prospects due to higher natural gas exports and ongoing investments in pipelines. Companies with strong infrastructure, such as ATO, MDU, and NJR, can offer dependable services to their customers and gain from a favorable industry outlook.

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

New Jersey Resources (NJR) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Capital-intensive stocks like PCG, VST, NJR and OTTR are gaining on rate declines and are expected to continue strong performance in 2025, based on operational expertise.