Last $55.95 USD
Change Today -0.73 / -1.29%
Volume 291.0K
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

new jersey resources corp (NJR) Key Developments

New Jersey Resources Corp. Presents at 25th Annual WSAF Institutional Investor Conference, Jun-19-2014 09:05 AM

New Jersey Resources Corp. Presents at 25th Annual WSAF Institutional Investor Conference, Jun-19-2014 09:05 AM. Venue: The University Club, 1 W. 54th Street, New York, NY 10019, United States. Speakers: Laurence M. Downes, Chairman, Chief Executive Officer, President, Member of Executive Committee, Chairman of the Board of New Jersy Natural Gas, Chief Executive Officer of New Jersey Natural Gas, Chief Executive Officer of NJR Energy Services, Chief Executive Officer of NJR Service, President of NJR Energy Services and President of NJR Service.

New Jersey Resources Declares Quarterly Dividend, Payable on July 1, 2014

The board of directors of New Jersey Resources unanimously declared a quarterly dividend on its common stock of $0.42 per share. The dividend will be payable on July 1, 2014 to shareowners of record on June 13, 2014.

New Jersey Resources Corp. Revised Dividend Guidance for the Year 2014

New Jersey Resources Corp. revised dividend guidance for the year 2014. The company increased its annual dividend growth rate forecast to a range of 6% to 8%, up from 5%. NJR's long-term payout ratio goal remains unchanged at a range of 60% to 65%.

New Jersey Resources Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2014; Reaffirms Earnings Guidance for the Year 2014

New Jersey Resources Corp. reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2014. For the quarter, the company reported total operating revenues of USD 1,579.569 million compared to USD 960.885 million a year ago. Operating income was USD 247.012 million compared to USD 56.969 million a year ago. Income before income taxes and equity in earnings of affiliates was USD 241.418 million compared to USD 54.004 million a year ago. Net income was USD 172.971 million compared to USD 45.469 million a year ago. Diluted earnings per common share were USD 4.07 compared to USD 1.08 a year ago. For the six months, the company reported total operating revenues of USD 2,457.974 million compared to USD 1,696.904 million a year ago. Operating income was USD 259.236 million compared to USD 144.160 million a year ago. Income before income taxes and equity in earnings of affiliates was USD 248.474 million compared to USD 135.635 million a year ago. Net income was USD 180.664 million compared to USD 105.675 million a year ago. Diluted earnings per common share were USD 4.26 compared to USD 2.52 a year ago. The company is reaffirming previously announced increased fiscal 2014 NFE guidance in a range of USD 3.90 to USD 4.10 per basic share. The company previously announced that it has raised its average annual long-term NFE-per-share growth rate goal to a range of 5% to 9% from the previous range of 4% to 7%.

NJR Midstream Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended March 31, 2014; Provides Earnings Guidance for the Year 2014 and 2015

NJR Midstream reported unaudited earnings results for the second quarter and six months ended March 31, 2014. For the quarter, the company reported net income of USD 2.254 million compared to USD 2.274 million a year ago. Net financial earnings were USD 2.254 million compared to USD 2.274 million a year ago. Operating loss was USD 0.172 million compared to USD 0.279 million a year ago. For the six months, the company reported net income of USD 3.688 million compared to USD 4.059 million a year ago. Net financial earnings were USD 3.688 million compared to USD 4.059 million a year ago. Operating loss was USD 0.519 million compared to USD 0.421 million a year ago. The company expected earnings guidance for the year 2014 and 2015. For the year 2014, the company expects net financial earnings 3% to 10%. For the year 2015, the company expects net financial earnings 5% to 10%.

 

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NJR

Industry Average

Valuation NJR Industry Range
Price/Earnings 12.4x
Price/Sales 0.6x
Price/Book 2.3x
Price/Cash Flow 9.8x
TEV/Sales 0.4x
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