NEW JERSEY RESOURCES CORP reported second fiscal quarter ended March 31, 2026 results: net income $218.9 million, EPS $2.17 per share. Guidance raised.
“financial and operating results for its fiscal 2026 second quarter ended March 31, 2026 . Financial Highlights: • Fiscal 2026 second-quarter c onsolidated net income of $218.9 million , or $2.17 per share, compared with $204.3 million , or $2.04 per share, in the second quarter of fiscal 2025 • Fiscal 2026 second-quarter c onsolidated net financial earnings”
Debt Financings
NEW JERSEY RESOURCES CORP incurred senior notes of $200,000,000 in aggregate principal amount with institutional investors in the private placement market at 5.16% per annum and 5.85% per annum maturing August 21, 2035 and August 21, 2055.
“On August 21, 2025, New Jersey Natural Gas Company (“NJNG”), a wholly-owned subsidiary of New Jersey Resources Corporation (“NJR”), and certain institutional investors in the private placement market (the “Purchasers”) entered into a Note Purchase Agreement (the “Note Purchase Agreement”), under which NJNG sold to the Purchasers $200,000,000 in aggregate principal amount of NJNG’s senior notes consisting of $100,000,000 in aggregate principal amount of its 5.16% Senior Notes, Series 2025A, due August 21, 2035 (the “Series A Notes”) and $100,000,000 in aggregate principal amount of its 5.85% Senior Notes, Series 2025B, due August 21, 2055 (the “Series B Notes” and together with the Series A Notes, the “Notes”).”
William T. Yardley was elected as director at NEW JERSEY RESOURCES CORP.
“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.”
Earnings Releases
NEW JERSEY RESOURCES CORP reported second fiscal quarter ended March 31, 2024 results: net income $120.8 million, EPS $1.23. Guidance reaffirmed.
“Consolidated net income of $120.8 million , compared with $110.2 million in the second quarter of fiscal 2023”
Earnings Releases
NEW JERSEY RESOURCES CORP reported first quarter of fiscal 2024 results: net income $89.4 million, EPS $0.91 per share. Guidance raised.
“On February 6, 2024, New Jersey Resources Corporation (“NJR”) issued a press release reporting financial results for the first fiscal quarter ended December 31, 2023 (the “Press Release”).”
Shareholder Votes
NEW JERSEY RESOURCES CORP shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2024 at the 2024-01-24 meeting.
“The Company’s shareowners ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2024, by the votes set forth in the table below”
Shareholder Votes
NEW JERSEY RESOURCES CORP shareholders approved Non-binding advisory resolution approving the compensation of the Company’s named executive officers at the 2024-01-24 meeting.
“The Company’s shareowners approved a non-binding advisory resolution approving the compensation of the Company’s named executive officers, by the votes set forth in the table below”
Shareholder Votes
NEW JERSEY RESOURCES CORP shareholders approved Election of four directors for a three-year term expiring in 2027 at the 2024-01-24 meeting.
“The Company’s shareowners elected the four directors nominated by the Board for election to the Board at the Annual Meeting. Donald L. Correll, James H. DeGraffenreidt, Jr., M. Susan Hardwick and Peter C. Harvey have each been re-elected for a three-year term expiring in 2027, and until their respective successors are elected and have been qualified, by the votes set forth in the table below”
Earnings Releases
NEW JERSEY RESOURCES CORP reported Fourth-quarter fiscal 2023 results: net income $37.0 million, EPS $0.38 per share. Guidance initiated.
“Fourth -quarter fiscal 2023 net income totaled $37.0 million , or $0.38 per share, compared with net income of $54.5 million , or $0.57 per share, during the same period in fiscal 2022 .”
Earnings Releases
NEW JERSEY RESOURCES CORP reported fiscal 2023 results: net income $264.7 million, EPS $2.73 per share. Guidance initiated.
“Consolidated net income of $264.7 million for fiscal 2023 , compared with net income of $274.9 million in fiscal 2022”
Earnings Releases
NEW JERSEY RESOURCES CORP reported the fourth fiscal quarter and fiscal year ended September 30, 2023 results: net income $264.7 million, EPS $2.73 per share. Guidance initiated.
“On November 21, 2023, New Jersey Resources Corporation (the “Company”) issued a press release reporting financial results for the fourth fiscal quarter and fiscal year ended September 30, 2023 (the “Earnings Release”).”
Debt Financings
NEW JERSEY RESOURCES CORP incurred senior notes of $50,000,000 with certain institutional investors at 5.85% maturing October 30, 2053.
“On October 30, 2023, New Jersey Natural Gas Company (“NJNG”), a wholly-owned subsidiary of New Jersey Resources Corporation (“NJR”) issued and sold $50,000,000 of NJNG’s 5.85% Senior Notes, Series 2023B, due October 30, 2053 (the “Notes”) to certain institutional investors”
Peter C. Harvey was elected as director at NEW JERSEY RESOURCES CORP.
“unanimously elected Peter C. Harvey as a director, effective as of the Election Date.”
Debt Financings
NEW JERSEY RESOURCES CORP incurred senior notes of $100,000,000 aggregate principal amount of its senior notes consisting of (i) $50,000,000 of NJNG’s 5.56% Senior Notes, with certain institutional investors in the private placement market at 5.56% per annum ... 5.85% per annum maturing September 28, 2033 ... October 30, 2053.
“On September 28, 2023, New Jersey Natural Gas Company (“NJNG”), a wholly-owned subsidiary of New Jersey Resources Corporation (“NJR”), and certain institutional investors in the private placement market (the “Purchasers”) entered into a Note Purchase Agreement (the “Note Purchase Agreement”), under which NJNG is to sell to the Purchasers $100,000,000 aggregate principal amount of its senior notes consisting of (i) $50,000,000 of NJNG’s 5.56% Senior Notes, Series 2023A, due September 28, 2033 (the “Series A Notes”) and (ii) $50,000,000 of NJNG’s 5.85% Senior Notes, Series 2023B, due October 30, 2053 (the “Series B Notes” and, together with the Series A Notes, the “Notes”).”
Earnings Releases
NEW JERSEY RESOURCES CORP reported fiscal 2023 year-to-date results: net income $227.7 million, EPS $2.35 per share. Guidance reaffirmed.
“Fiscal 2023 year-to-date net income totaled $227.7 million, or $2.35 per share, compared with $220.4 million, or $2.29 per share, for the same period in fiscal 2022.”
Earnings Releases
NEW JERSEY RESOURCES CORP reported the third fiscal quarter ended June 30, 2023 results: net income $1.5 million, EPS $0.02 per share. Guidance reaffirmed.
“Third-quarter fiscal 2023 net income totaled $1.5 million, or $0.02 per share, compared with net income of $13.1 million, or $0.14 per share, during the same period in fiscal 2022.”
Governance Changes
NEW JERSEY RESOURCES CORP: Amended and restated Bylaws to implement director nomination procedures under Rule 14a-19, update advance notice provisions, clarify meeting chair authority, require non-white proxy card color, and make other conforming changes (effective 2023-07-12).
“On July 12, 2023, the Board of Directors (the “Board”) of New Jersey Resources Corporation (the “Company”), upon the recommendation of the Nominating/Corporate Governance Committee of the Board, approved the amended and restated Bylaws of the Company, in order to, among other things: • implement procedural and other requirements for director nominations, including requiring compliance with Rule 14a-19 under the Securities Exchange Act of 1934, as amended; • update the advance notice provisions that apply where a shareholder intends to propose a director nomination (Article I, Section 4) or other business (Article III, Section 1) at a shareholder meeting; • clarify a meeting Chair’s authority to determine the validity of nominations or submission of other matters (Article I, Section 4); • require any person soliciting proxies from stockholders to use a proxy card color other than white (Article III, Section 6); and • include certain other conforming, technical, and non-material changes.”
Earnings Releases
NEW JERSEY RESOURCES CORP reported fiscal 2023 results: EPS $2.62 - $2.72. Guidance reaffirmed.
“Re-affirmed fiscal 2023 net financial earnings per share (NFEPS) guidance range of $2.62 to $2.72 , which was increased by $0.20 per share in the first quarter of fiscal 2023”
Earnings Releases
NEW JERSEY RESOURCES CORP reported six months ended March 31, 2023 results: net income $226.2 million, EPS $2.34.
“Fiscal 2023 year-to-date net income totaled $226.2 million , or $2.34 per share, compared with $207.3 million , or $2.16 per share, for the same period in fiscal 2022 .”
Earnings Releases
NEW JERSEY RESOURCES CORP reported three months ended March 31, 2023 results: net income $110.2 million, EPS $1.14.
“Consolidated net income of $110.2 million , compared with net income of $96.0 million in the second quarter of fiscal 2022”
Earnings Releases
NEW JERSEY RESOURCES CORP reported first fiscal quarter ended December 31, 2022 results: net income $115.9 million, EPS $1.20 per share. Guidance raised.
“First -quarter fiscal 2023 net income totaled $115.9 million , or $1.20 per share, compared with net income of $111.3 million , or $1.16 per share, during the same period in fiscal 2022.”
Shareholder Votes
NEW JERSEY RESOURCES CORP shareholders approved Ratification of Deloitte & Touche LLP as independent registered public accounting firm at the 2023-01-25 meeting.
“Item 4 : The Company’s shareowners ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2023, by the votes set forth in the table below: For Against Abstain Broker Non-Votes 82,019,121 1,313,155 247,559 -0-”
Shareholder Votes
NEW JERSEY RESOURCES CORP shareholders approved Advisory vote on the frequency of future say-on-pay votes (one year) at the 2023-01-25 meeting.
“Item 3 : The Company’s shareowners approved a one-year frequency for the non-binding shareowner vote to approve the compensation of our named executive officers, by the votes set forth in the table below: Every Year Every Two Years Every Three Years Abstain 69,350,408 377,897 2,872,763 664,425”
Shareholder Votes
NEW JERSEY RESOURCES CORP shareholders approved Advisory resolution approving the compensation of the Company’s named executive officers at the 2023-01-25 meeting.
“Item 2 : The Company’s shareowners approved a non-binding advisory resolution approving the compensation of the Company’s named executive officers, by the votes set forth in the table below: For Against Abstain Broker Non-Votes 71,235,427 1,598,384 431,682 10,314,342”
Shareholder Votes
NEW JERSEY RESOURCES CORP shareholders approved Election of four directors for terms expiring in 2025 or 2026 at the 2023-01-25 meeting.
“Michael A. O’Sullivan was elected for a two-year term expiring in 2025, and until his successor is elected and has been qualified; Jane M. Kenny, Sharon C. Taylor and Stephen D. Westhoven have each been re-elected for a three-year term expiring in 2026, and until their respective successors are elected and have been qualified, by the votes set forth in the table below: Nominee For Withheld Broker Non-Votes Michael A. O’Sullivan 72,860,840 404,653 10,314,342 Jane M. Kenny 70,480,144 2,785,349 10,314,342 Sharon C. Taylor 72,474,953 790,540 10,314,342 Stephen D. Westhoven 72,715,440 550,053 10,314,342”
Stephen Skrocki was appointed as Principal Accounting Officer at NEW JERSEY RESOURCES CORP.
“appointed Stephen Skrocki to serve as Principal Accounting Officer of the Company, effective January 1, 2023.”
Debt Financings
NEW JERSEY RESOURCES CORP incurred senior notes of $50 million at 6.14% maturing December 15, 2032.
“On December 15, 2022, New Jersey Resources Corporation (the “Company” or “NJR”) issued and sold $50 million of the Company’s 6.14% Senior Notes, Series 2022B, due December 15, 2032 (the “Notes”) to certain institutional investors in the private placement market pursuant to a Note Purchase Agreement, dated October 24, 2022 (the “Note Purchase Agreement”).”
Earnings Releases
NEW JERSEY RESOURCES CORP reported the fiscal year ended September 30, 2022 results: net income $274.9 million, EPS $2.86 per share. Guidance initiated.
“Fiscal 2022 net income totaled $274.9 million, or $2.86 per share, compared with $117.9 million, or $1.23 per share, in fiscal 2021.”
Earnings Releases
NEW JERSEY RESOURCES CORP reported the fourth fiscal quarter ended September 30, 2022 results: net income $54.5 million, EPS $0.57 per share. Guidance initiated.
“Fourth -quarter fiscal 2022 net income totaled $54.5 million , or $0.57 per share, compared with a net loss of $(1.1) million , or $(0.01) per share, during the same period in fiscal 2021 .”
Robert B. Evans departed as director at NEW JERSEY RESOURCES CORP.
“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.”
David A. Trice departed as director at NEW JERSEY RESOURCES CORP.
“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.”
Michael O'Sullivan was elected as director at NEW JERSEY RESOURCES CORP.
“elected Michael O’Sullivan as a director, effective as of October 27, 2022.”
Debt Financings
NEW JERSEY RESOURCES CORP incurred senior notes of $50,000,000 at 6.14% maturing December 15, 2032.
“On October 24, 2022, NJR and certain institutional investors in the private placement market (the “NJR Purchasers”, and together with the NJNG Purchasers, the “Purchasers”) entered into a Note Purchase Agreement (the “NJR Note Purchase Agreement” and, together with the NJNG Note Purchase Agreement, the “Note Purchase Agreements”) providing for the sale to the NJR Purchasers of $50,000,000 of NJR’s 6.14% Senior Notes, Series 2022B, due December 15, 2032 (the “NJR Series B Notes” and together with the NJNG Series C Notes, the “Notes”), with the closing of the transaction to occur on December 15, 2022.”
Debt Financings
NEW JERSEY RESOURCES CORP incurred senior notes of $125,000,000 at 5.47% maturing October 24, 2052.
“On October 24, 2022, New Jersey Natural Gas Company (“NJNG”), a wholly-owned subsidiary of New Jersey Resources Corporation (“NJR”, and together with NJNG, the “Issuers”), and certain institutional investors in the private placement market (the “NJNG Purchasers”) entered into a Note Purchase Agreement (the “NJNG Note Purchase Agreement”), under which NJNG sold to the Purchasers $125,000,000 of NJNG’s 5.47% Senior Notes, Series 2022C, due October 24, 2052 (the “NJNG Series C Notes”).”
Amanda E. Mullan resigned as Senior Vice President and Chief Human Resources Officer at NEW JERSEY RESOURCES CORP.
“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 retired as Vice President, Energy Services at NEW JERSEY RESOURCES CORP.
“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.”
Tim Shea departed as Vice President, Energy Services of NJR Energy Services Company at NEW JERSEY RESOURCES CORP.
“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.”
Roberto Bel was appointed as Senior Vice President and Chief Financial Officer at NEW JERSEY RESOURCES CORP.
“The Board appointed Roberto Bel to serve as Senior Vice President and Chief Financial Officer of the Company, effective January 1, 2022.”
Patrick Migliaccio was appointed as Senior Vice President and Chief Operating Officer of New Jersey Natural Gas Company at NEW JERSEY RESOURCES CORP.
“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.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.