New Jersey Resources Overview
Industry: Utilities Regulated Gas
Sector: Utilities
New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 569,300 residential and commercial customers throughout Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates commercial and residential solar installation situated in New Jersey, Connecticut, Rhode Island, and New York. The Energy Services segment offers unregulated wholesale energy management services to other energy companies and natural gas producers, as well as maintains and transacts a portfolio of physical assets consisting of natural gas transportation and storage contracts in the United States and Canada. The Storage and Transportation segment invests in natural gas transportation and storage facilities. It provides heating, ventilation, and cooling services; holds commercial real estate properties; and offers solar equipment installation, and plumbing repair and installation services, as well as engages in the water appliance sale, installation, and servicing activities. The company was incorporated in 1981 and is headquartered in Wall, New Jersey. New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natur Read MoreMavefund brings filings, fundamentals, valuation, price history and news for New Jersey Resources into one research view. The sections below show what strengthens or weakens the research case.
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Reported Results
What the company reported, with filing details kept small.
Quarterly result summary
Revenue was $939.4M (+3% YoY). Operating income was $301M (+8% YoY). Net income was $218.9M.
What changed
- Revenue +3% YoY to $939.4M.
- Operating income +8% YoY to $301M.
Guidance / outlook
No formal outlook was extracted from this filing excerpt. Open the SEC source to review full management commentary.
Source: SEC EDGAR company-filed earnings materials. Dates are shown only for verification; review the source filing before relying on extracted report details.
Other recent earnings materials
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Recent News
Company-relevant articles from sources that pass the Mave Signal relevance and reliability checks.
New Jersey Resources: Makes For A Confident Hold, Awaiting A Better Entry Point (NYSE:NJR)
Headline from Seeking Alpha: New Jersey Resources: Makes For A Confident Hold, Awaiting A Better Entry Point (NYSE:NJR).
3 Reasons Why Growth Investors Shouldn't Overlook New Jersey Resources (NJR)
Headline from Yahoo Finance: 3 Reasons Why Growth Investors Shouldn't Overlook New Jersey Resources (NJR).
NJR stock hits all-time high at 58.88 USD By Investing.com
Headline from Investing.com Nigeria: NJR stock hits all-time high at 58.88 USD By Investing.com.
NJR stock hits all-time high at 58.88 USD
Headline from Investing.com: NJR stock hits all-time high at 58.88 USD.
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Financial Statements
Company-reported SEC EDGAR facts organized into the three core statements.
Source: SEC EDGAR companyfacts. Values are standardized company filings for research support, not personalized financial advice.