Highest-materiality recent filing
NJR subsidiary NJNG issues $150M senior notes in 3 tranches via private placement
NJNG sold $150M senior notes: $50M 5.43% Series A due 2036, $50M 6.04% Series B due 2056, $50M 5.43% Series C due 2036.
NJR reports Q3 net income $9.7M vs loss; tightens FY2026 NFEPS guidance to $3.52-$3.62
Q3 net income $9.7M ($0.10 EPS) vs net loss of $15.1M (-$0.15 EPS) in prior year.
NJNG files base rate case seeking $157.6M increase; offers 8.9% winter bill cut
NJNG seeks $157.6M delivery rate increase (12.7% avg customer) with 7.60% return on rate base, 10.10% ROE, 55.5% equity.
NJR Q2 net income $218.9M ($2.17/sh); raises FY2026 NFEPS guidance to $3.48-$3.63
Q2 net income $218.9M ($2.17/sh) vs $204.3M ($2.04/sh) YoY; NFE $221.5M ($2.20/sh) vs $178.3M ($1.78/sh).
NJR Q1 net income $122.5M; raises fiscal 2026 guidance by $0.25 to $3.28-$3.43
Q1 GAAP EPS $1.22 vs $1.32 prior year; net income $122.5M down from $131.3M.
NJR shareholders approve 2026 stock incentive plan; appoints new principal accounting officer
Shareholders approved the 2026 Stock Award and Incentive Plan, details in proxy.
NJR fiscal 2025 EPS $3.35; Q4 EPS $0.15; FY2026 guidance $3.03-$3.18
Fiscal 2025 net income $335.6M ($3.35 EPS) vs $289.8M ($2.94); NFEPS $3.29 at high end of guidance.
NJR approves fiscal 2026 executive incentive plan and long-term equity awards
LDCC approved FY2026 Officer Annual Incentive Plan: CEO target 110% of base salary; other NEOs 40-60%; payout range 0-150% of target.
Amy B. Mansue elected to NJR Board, effective November 1, 2025
Board size increased from 11 to 12 directors; unanimous election of Amy B. Mansue.
NJNG issues $200M senior notes in two tranches at 5.16% and 5.85% due 2035 and 2055
NJNG sold $100M of 5.16% Senior Notes due 2035 and $100M of 5.85% Senior Notes due 2055.
NJR Q3 net loss $(0.15)/share; raises FY2025 NFEPS guidance to $3.20-$3.30
Q3 net loss $(15.1M) ($0.15/shr); NFE $6.2M ($0.06/shr) vs loss $(8.9M) prior year.
Investor meetings in London and Zurich on June 16-17, 2025.
NJR Q2 net income $204M ($2.04/sh); raises FY25 NFEPS guidance to $3.15-$3.30
Q2 net income $204.3M ($2.04/shr) vs $120.8M ($1.23) year ago, a 69% increase.
William T. Yardley elected to NJR board, effective July 1, 2025
Board size increased from 10 to 11; Yardley elected unanimously effective July 1, 2025.
NJR Q1 net income up 47% YoY to $1.32 EPS; base rate hike & solar sale boost results
Net income $131.3M ($1.32 EPS) vs $89.4M ($0.91) YoY; NFE $128.9M ($1.29) vs $72.4M ($0.74).
NJR shareholders re-elect three directors and approve say-on-pay at annual meeting
Gregory E. Aliff, Thomas C. O'Connor, and Michael A. O'Sullivan re-elected for three-year terms expiring 2028.
NJR reports FY2024 NFEPS $2.95 at high end of guidance; sells residential solar for $132.5M
Fiscal 2024 net income $289.8M ($2.94 EPS); NFEPS $2.95, at high end of raised guidance.
NJNG receives BPU approval for $157M base rate increase; rate base rises 29% to $3.245B
NJNG's $157M base rate increase approved by NJ BPU; effective Nov 21, 2024.
NJR issues $100M of 5.55% Senior Notes due 2034 for general corporate purposes
Issued $100M of 5.55% Senior Notes, Series 2024A, due Nov 7, 2034, in private placement.
NJ Natural Gas issues $75M of 5.49% Senior Notes due 2034
NJNG issued $75M of 5.49% Senior Notes, Series 2024B, due September 30, 2034.
NJR reduces credit facility to $575M, extends maturity to 2029; NJNG extends to 2029
NJR's revolving credit facility reduced from $650M to $575M.
NJR reports Q3 net loss of $11.6M; reaffirms FY2024 NFEPS guidance $2.85-$3.00
Consolidated net loss $(11.6)M vs net income $1.5M in Q3 fiscal 2023.
NJR board amends bylaws to update advance notice provisions and clarify meeting chair
Advance notice provisions for shareholder director nominations and related information updated (Article I, Section 4).
NJNG (NJR subsidiary) issues $200M senior notes in two tranches at 5.82% and 5.49%
NJNG issues $125M of 5.82% Senior Notes due 2054 and $75M of 5.49% Senior Notes due 2034 to institutional investors.
NJR Q2 NFEPS $1.41 beats $1.16 YoY; reaffirms FY24 guidance $2.85-$3.00
Net income $120.8M ($1.23 EPS) vs $110.2M ($1.14) in Q2 fiscal 2023.
NJR Q1 NFE falls to $72.4M ($0.74/share) YoY; raises FY2024 guidance to $2.85-$3.00
Consolidated net income of $89.4M ($0.91 EPS) vs $115.9M ($1.20 EPS) in Q1 FY23.
NJNG files $222.6M base rate case with NJ BPU; seeks 10.42% ROE
NJNG requests $222.6M delivery rate increase; reflects ~$850M infrastructure investments since 2021.
NJR shareholders elect four directors, approve say-on-pay, ratify auditor at 2024 annual meeting
Elected Correll, DeGraffenreidt, Hardwick, Harvey for three-year terms; director Zoffinger retired, board reduced to 10 members.
Fiscal 2023 NFE $261.8M ($2.70/share) vs. $240.3M ($2.50); net income $264.7M vs. $274.9M.
NJ Natural Gas issues $50M 5.85% Senior Notes due 2053; Peter Harvey elected to board
NJNG issued $50M principal amount of 5.85% Senior Notes due October 30, 2053.
NJNG subsidiary issues $100M in senior notes: $50M 5.56% due 2033, $50M 5.85% due 2053
NJNG issued $50M 5.56% Senior Notes due 2033 (Series A) closed Sep 28; $50M 5.85% Senior Notes due 2053 (Series B) closing Oct 30.
NJR reports Q3 FY2023 net income $1.5M; NFE $0.10/share; reaffirms FY guidance $2.62-$2.72
Q3 GAAP net income $1.5M ($0.02 EPS) vs $13.1M ($0.14 EPS) year ago.
NJR amends bylaws to implement Rule 14a-19 compliance and update advance notice provisions
Board approved amended and restated bylaws on July 12, 2023.
New Jersey Resources holds inaugural Shareholder Appreciation Day; presentation furnished
Presented corporate overview to local shareholders at Shareholder Appreciation Day on June 20, 2023.
Company presented a corporate overview at the AGA Financial Forum on May 20-23, 2023 in Fort Lauderdale, FL.
NJR Q2 net income $110.2M vs $96.0M; NFEPS $1.16 vs $1.36; reaffirms FY guidance $2.62-$2.72
Net income $110.2M ($1.14 EPS) vs $96.0M ($1.00) YoY; year-to-date net income $226.2M.
NJR Q1 fiscal 2023 NFE $1.14/share vs $0.69 YoY; raises FY2023 guidance to $2.62-$2.72
Consolidated net financial earnings (NFE) of $110.3M, or $1.14/share, up from $65.8M ($0.69/share) YoY.
New Jersey Resources annual meeting results: directors elected, say-on-pay approved
Shareowners elected Michael O'Sullivan for a 2-year term; Kenny, Taylor, Westhoven re-elected for 3-year terms.
New Jersey Resources promotes Skrocki to Principal Accounting Officer, Shea to SVP CIO
Stephen Skrocki appointed Principal Accounting Officer effective Jan 1, 2023; previously Corporate Controller.
NJR issues $50M of 6.14% Senior Notes due 2032 for general corporate purposes
Issued $50M of 6.14% Senior Notes, Series 2022B, due December 15, 2032, to institutional investors.
NJR reports FY2022 NFE $2.50/share; guides FY2023 $2.42-$2.52; dividend raised 7.6%
FY2022 net income $274.9M ($2.86 EPS) vs $117.9M ($1.23); NFE $240.3M ($2.50) vs $207.7M ($2.16).
Michael O'Sullivan elected to NJR Board; directors Trice and Evans to retire at 2023 Annual Meeting
Board expanded from 11 to 12 to elect Michael O'Sullivan, former NextEra SVP of Development, effective Oct 27, 2022.
NJR and NJNG issue $175M in senior notes at 5.47% and 6.14%
NJNG sold $125M of 5.47% Senior Notes Series 2022C due October 2052.
NJR issues $50M senior notes due 2034 at 3.64%; increases director RSU retainer to $125k
Issued $50M of 3.64% Senior Notes, Series C, due Sept 19, 2034 to PGIM/Prudential affiliates.
NJR increases revolving credit facility to $650M and extends maturity to 2027
NJR revolver increased from $500M to $650M; swing loan commitment increased from $60M to $70M.
NJR reports Q3 fiscal 2022 results; specific figures not in filing text
Results for quarter ended June 30, 2022 announced on August 4, 2022.
NJR issues $110M of 4.38% senior notes due 2027 in private placement
$110M aggregate principal of 4.38% Senior Notes, Series 2022A, due June 23, 2027.
NJR SVP & CHRO Amanda E. Mullan resigns effective July 1, 2022
Amanda E. Mullan, SVP and Chief Human Resources Officer, resigned from New Jersey Resources Corporation.
NJNG issues $100M in senior notes via private placement
$50M Series A at 4.37% due May 27, 2037; $50M Series B at 4.71% due May 27, 2052.
NJR Q2 fiscal 2022 NFE down 24% YoY to $1.36/share; raises FY22 NFE guidance to $2.30-$2.40
Consolidated net income $96.0M ($1.00 EPS) vs $149.8M ($1.56 EPS) in Q2 fiscal 2021.
On April 16, 2025, the board of directors (the “Board”) of New Jersey Resources Corporation ("NJR" or the "Company") increased the size of the Board from ten to eleven directors and unanimously elected William T. Yardley as a director, effective as of July 1, 2025.
unanimously elected Peter C. Harvey as a director, effective as of the Election Date.
appointed Stephen Skrocki to serve as Principal Accounting Officer of the Company, effective January 1, 2023.
Mr. Robert B. Evans, age 74, who has been a director since 2009, has announced that he will retire from the Board effective at the 2023 Annual Meeting.
elected Michael O’Sullivan as a director, effective as of October 27, 2022.
Mr. David A. Trice, age 74, who has been a director since 2004 and whose term expires at the 2023 Annual Meeting has announced that he will not stand for re-election to the Board and will therefore retire from the Board effective at the 2023 Annual Meeting.
On June 9, 2022, Amanda E. Mullan, Senior Vice President and Chief Human Resources Officer of New Jersey Resources Corporation resigned from her position effective July 1, 2022, to pursue another professional opportunity.
Timothy F. Shea, Vice President, Energy Services of NJR Energy Services Company (“NJRES”), the unregulated wholesale natural gas marketing business of New Jersey Resources Corporation (the “Company”), is retiring after 23 years with the Company, effective February 28, 2022.
The Board appointed Roberto Bel to serve as Senior Vice President and Chief Financial Officer of the Company, effective January 1, 2022.
The Company also announced that Tim Shea, Vice President, Energy Services of NJR Energy Services Company, the Company’s unregulated wholesale natural gas marketing business, is retiring after 23 years with the Company, effective February 2022.
The Board appointed Patrick Migliaccio to serve as Senior Vice President and Chief Operating Officer of New Jersey Natural Gas Company (“NJNG”), a wholly-owned subsidiary of the Company, effective January 1, 2022.
Max materiality 0.85 · Median 0.50 · Most common event earnings