Last $50.67 USD
Change Today +0.10 / 0.20%
Volume 158.1K
NJR On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 09/29/14 All times are local (Market data is delayed by at least 15 minutes).

new jersey resources corp (NJR) Snapshot

Open
$50.22
Previous Close
$50.57
Day High
$50.79
Day Low
$50.19
52 Week High
07/1/14 - $57.79
52 Week Low
10/8/13 - $42.54
Market Cap
2.1B
Average Volume 10 Days
199.7K
EPS TTM
$4.73
Shares Outstanding
42.2M
EX-Date
09/18/14
P/E TM
10.7x
Dividend
$1.80
Dividend Yield
3.37%
Current Stock Chart for NEW JERSEY RESOURCES CORP (NJR)

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new jersey resources corp (NJR) Details

New Jersey Resources Corporation, an energy services holding company, provides retail and wholesale natural gas energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Midstream. The Natural Gas Distribution segment offers natural gas service to residential and commercial customers in central and northern New Jersey; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests, owns, and operates renewable energy projects comprising commercial and residential solar projects, and on-shore wind investments projects. The Energy Services segment maintains and transacts a portfolio of natural gas storage and transportation positions; and provides wholesale energy and energy management services. The Midstream segment invests in natural gas transportation and storage facilities. The company also provides heating, ventilation, and cooling services, as well as solar installation services; holds and develops commercial real estate properties; and provides plumbing repair and installation services. New Jersey Resources Corporation was founded in 1922 and is based in Wall, New Jersey.

936 Employees
Last Reported Date: 11/26/13
Founded in 1922

new jersey resources corp (NJR) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $817.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $332.5K
Senior Vice President of NJR Energy Services
Total Annual Compensation: $494.7K
Chief Operating Officer of New Jersey Natural...
Total Annual Compensation: $327.9K
Senior Vice President, General Counsel and Me...
Total Annual Compensation: $295.5K
Compensation as of Fiscal Year 2013.

new jersey resources corp (NJR) Key Developments

New Jersey Resources Corp. Announces Increased Quarterly Dividend, Payable October 1, 2014

The board of directors of New Jersey Resources unanimously approved a 7.1% increase in the quarterly dividend rate to $0.45 per share from $0.42 per share. The new quarterly rate will be effective with the dividend payable October 1, 2014 to shareowners of record on September 22, 2014. The new annual dividend rate will be $1.80 per share. This dividend replaces the previous dividend of $0.42 per share approved on July 15, 2014 for shareowners of record on September 15, 2014.

New Jersey Resources Corp. Presents at AGA New York Financial Mini-Forum, Sep-11-2014 08:00 AM

New Jersey Resources Corp. Presents at AGA New York Financial Mini-Forum, Sep-11-2014 08:00 AM. Venue: The Princeton Club, 15 West 43rd Street, New York, NY 10036, United States.

New Jersey Resources Corp. Reports Consolidated Earnings and Operating Results for the Third Quarter and Nine Months Ended June 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014 and Annual Effective Tax Rate Guidance for the Full Year of 2014

New Jersey Resources Corp. announced consolidated earnings and operating results for the third quarter and nine months ended June 30, 2014. For the quarter, the company reported total operating revenues of $688,257,000 against $767,469,000 a year ago. Total operating loss was $29,208,000 against operating income of $47,000,000 a year ago. Total net loss was $14,274,000 against net income of $29,155,000 a year ago. Total net financial earnings were $4,514,000 against $9,738,000 a year ago. Loss before income taxes and equity in earnings of affiliates was $24,763,000 against income before income taxes and equity in earnings of affiliates of $42,230,000 a year ago. Diluted loss per common share was $0.34 against EPS of $0.70 a year ago. Basic net financial earnings per share were $0.11 against $0.23 a year ago. For the nine months, the company reported total operating revenues of $3,146,231,000 against $2,464,373,000 a year ago. Total operating income was $230,028,000 against $191,160,000 a year ago. Total net income was $166,390,000 against $134,830,000 a year ago. Total net financial earnings were $196,295,000 against $113,895,000 a year ago. Income before income taxes and equity in earnings of affiliates was $223,711,000 against $177,865,000 a year ago. Diluted income per common share was $3.92 against $3.22 a year ago. Basic net financial earnings per share were $4.67 against $2.73 a year ago. For the quarter, the company reported total throughput of 192.4 Bcf against 194.8 Bcf a year ago. For the nine months, the company reported total throughput of 663.2 Bcf against 625.3 Bcf a year ago. For the full year of 2014, the company expects annual effective tax rate is 28.2%. For net financial earnings (NFE) purposes, the effective tax rate for fiscal 2014 is estimated at 28.4%. For the fourth quarter of 2014, the company expects net financial loss of between $0.47 and $0.67 per share. The forecasted fourth-quarter loss is due to the seasonal nature of NJRES and NJNG's businesses and higher discretionary expenses, including the estimated impact of a voluntary early retirement program.

 

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Industry Analysis

NJR

Industry Average

Valuation NJR Industry Range
Price/Earnings 14.6x
Price/Sales 0.5x
Price/Book 2.1x
Price/Cash Flow 10.8x
TEV/Sales 0.3x
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