NJR makes a strong case for investment, given its growth prospects, solvency, strong ROE and capability to increase shareholders' value.
New Jersey Resources Corporation (NYSE:NJR) will hold its Q1 2025 Earnings Conference Call on February 4, 2025, at 10:00 AM ET. The call will feature company leaders including Adam Prior, Steve Westhoven, Roberto Bel, and Pat Migliaccio, along with participants from various financial institutions. The operator for the call is Prilla, who will assist with the proceedings.
New Jersey Resources (NJR) reported quarterly earnings of $1.29 per share, which is higher than the Zacks Consensus Estimate of $1.14 per share. This is an increase compared to last year's earnings of $0.74 per share.
WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources Corporation (NYSE: NJR) has announced its financial and operational results for the first quarter of fiscal 2025, which ended on December 31, 2024. In this quarter, New Jersey Natural Gas (NJNG) got approval from the New Jersey Board of Public Utilities (BPU) for a settlement in its base rate case, allowing for a $157.0 million annual increase in base rates, effective from November 21.
WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR), which owns New Jersey Natural Gas (NJNG), has announced a partnership with Rutgers University and its School of Environmental and Biological Sciences to enhance the “Vibrant Communities” program. NJR has pledged $50,000 from its Coastal Climate Initiative (CCI) to back the first sustainability and resiliency project of the Vibrant Communities program. The CCI funds various projects and initiatives aimed at promoting sustainability.
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 presents a compelling argument for investment due to its potential for growth, impressive return on equity, and ability to enhance shareholder value.
New Jersey Resources (NJR) has received a Zacks Rank #1 (Strong Buy) upgrade, indicating increased confidence in the company's potential earnings. This could lead to a rise in the stock price soon.
Stocks that require a lot of capital, such as PCG, VST, NJR, and OTTR, are benefiting from falling rates and are predicted to perform well in 2025 due to their operational skills.