Group 1 - South Jersey Industries was publicly traded until February 2023 when it was taken private by JP Morgan's Infrastructure Investments Fund [1] - The company had been a favorite holding for many years among certain investors [1] - The financial markets are considered efficient, with most stocks reflecting their real current value, suggesting that less-followed stocks may present better profit opportunities [1] Group 2 - The article expresses personal opinions and does not provide any recommendations or advice regarding investment suitability [2][3] - There is no current stock, option, or similar derivative position in any of the companies mentioned, but there may be plans to initiate a long position in NJR within the next 72 hours [2]

Company Overview - New Jersey Resources (NJR) is a notable stock within the Utilities sector, which consists of 104 individual stocks and ranks 3 in the Zacks Sector Rank [2] - NJR currently holds a Zacks Rank of 2 (Buy), indicating a favorable outlook based on earnings estimate revisions and improving earnings outlooks [3] Performance Analysis - Over the past 90 days, the Zacks Consensus Estimate for NJR's full-year earnings has increased by 3.1%, reflecting improved analyst sentiment [4] - Year-to-date, NJR has returned approximately 3.5%, outperforming the average return of 2.5% for Utilities companies [4] - NJR belongs to the Utility - Gas Distribution industry, which ranks 27 in the Zacks Industry Rank, while this industry has seen an average loss of 5.8% year-to-date, further highlighting NJR's strong performance [6] Comparison with Peers - Another outperforming stock in the Utilities sector is OGE Energy (OGE), which has returned 8.2% year-to-date and also holds a Zacks Rank of 2 (Buy) [5] - OGE Energy is part of the Utility - Electric Power industry, currently ranked 82, which has seen a year-to-date increase of 2.7% [6] Investment Outlook - Both New Jersey Resources and OGE Energy are positioned for continued solid performance, making them attractive options for investors interested in Utilities stocks [7]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-08359 NEW JERSEY RESOURCES CORPORATION (Exact name of registrant as specified in its charter) New Jersey 22-2376465 (State or other jur ...

New Jersey Resources Corporation (NYSE:NJR) Q1 2025 Earnings Conference Call February 4, 2025 10:00 AM ET Company Participants Adam Prior – Director-Investor Relations Steve Westhoven – President and Chief Executive Officer Roberto Bel – Senior Vice President and Chief Financial Officer Pat Migliaccio – Senior Vice President and Chief Operating Officer-New Jersey Natural Gas Conference Call Participants Shar Pourreza – Guggenheim Securities Richard Sunderland – JPMorgan Gabe Moreen – Mizuho Travis Miller – ...

February 2025 Investor Presentation Fiscal 2025 First Quarter Financial Results Forward-Looking Statements and Non-GAAP Measures Forward-Looking Statements This presentation includes the non-GAAP financial measures NFE/net financial loss, NFE per basic share, financial margin, utility gross margin, adjusted funds from operations and adjusted debt. A reconciliation of these non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP can be fo ...

Financial Performance - Fiscal 2025 first-quarter consolidated net income was $131.3 million, or $1.32 per share, compared to $89.4 million, or $0.91 per share, in the same period of fiscal 2024, representing a 47% increase in net income [3]. - Consolidated net financial earnings (NFE) for the first quarter were $128.9 million, or $1.29 per share, up from $72.4 million, or $0.74 per share, in the prior year, reflecting a 78% increase [4]. - Total operating revenues for Q1 2025 were $488.361 million, an increase of 4.9% from $467.210 million in Q1 2024 [27]. - Net income for Q1 2025 was $131.319 million, up 47% from $89.411 million in Q1 2024 [27]. - Basic earnings per share increased to $1.32 in Q1 2025, compared to $0.91 in Q1 2024, reflecting a 45.1% growth [27]. - Total operating expenses decreased to $298.784 million in Q1 2025 from $331.391 million in Q1 2024, a reduction of 9.8% [27]. Segment Performance - New Jersey Natural Gas (NJNG) reported NFE of $66.9 million for the first quarter, compared to $51.4 million in fiscal 2024, driven by a base rate increase of $157.0 million effective November 21, 2024 [8]. - Clean Energy Ventures (CEV) achieved NFE of $48.1 million, significantly up from $10.5 million in the same quarter last year, primarily due to a gain on the sale of its residential solar portfolio [11]. - Energy Services experienced a decline in operating revenues to $86.308 million, down 13.5% from $99.668 million in Q1 2024 [33]. - Clean Energy Ventures reported total operating revenues of $26,406,000, down from $35,295,000, a decrease of 25.1% [40]. - Storage and Transportation operating revenues increased to $26,628,000, up from $23,862,000, reflecting a growth of 11.7% [42]. - Home Services and Other segment reported operating revenues of $15,794,000, an increase from $14,834,000, representing a growth of 6.5% [43]. Customer and Market Growth - The company expects to add approximately 3,000 new customers in the first quarter, contributing an estimated $2.0 million in incremental utility gross margin annually [9]. - Total customers reached 586,092, up from 579,600, indicating a growth of 1.9% [38]. Capital Expenditures and Investments - Capital expenditures for the first quarter totaled $149.6 million, an increase from $118.1 million in the same period last year, primarily due to higher spending at NJNG [16]. - NJNG's Infrastructure Investment Program (IIP) includes a five-year, $150 million investment to enhance the safety and reliability of its natural gas distribution system [9]. - The SAVEGREEN® energy efficiency program received approval for a new $385.6 million initiative, the largest in NJNG's history, effective January 1, 2025 [10]. Guidance and Projections - NJR maintained its fiscal 2025 NFE per share guidance range of $3.05 to $3.20, which is higher than the long-term growth target of 7 to 9% [6]. - NJR's expected NFE contributions for fiscal 2025 are projected as follows: NJNG 67-73%, CEV 20-25%, Storage and Transportation 3-7%, Energy Services 4-7%, and Home Services and Other 0-1% [7]. Operational Metrics - Utility operating revenues rose to $333.427 million, a 13.8% increase from $293.093 million in the same period last year [27]. - The gross margin for natural gas distribution was $181.284 million, up from $155.797 million, representing a 16.4% increase [32]. - Total System Throughput increased to 27.2 Bcf from 23.4 Bcf, a rise of 16.3% year-over-year [38]. - Operating Income for Clean Energy Ventures surged to $64,274,000, compared to $18,323,000 in Q1 2024, indicating a substantial increase of 251.5% [40].

Investors might want to bet on New Jersey Resources (NJR) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Si ...

Domestic-focused, capital-intensive companies in the Zacks Utilities sector continue to perform steadily, as the demand for utility services hardly fluctuates with the vagaries of the economy. Cost management initiatives, new electric, water and natural gas rates and customer growth continue to help the utility sector maintain operational stability.Utility operation is capital intensive, as consistent investment is required to upgrade, maintain and replace older wires and electric poles, replace old pipelin ...

FanDuel Casino teams up with the South Jersey Transportation Authority's Atlantic City Expressway Pleasantville Toll Plaza, Port Authority of New York and New Jersey's PATH Commuter Rail Systemwide and PA SEPTA Broad Street [B] Line to offer one day of free tolls and rides in New Jersey and Pennsylvania.JERSEY CITY, N.J., Dec. 5, 2024 /PRNewswire/ -- Today, FanDuel Group, the premier online gaming company in North America, announced the South Jersey Transportation Authority's Atlantic City Expressway Pleasa ...

New Jersey Resources Corporation (NYSE:NJR) Q4 2024 Earnings Call Transcript November 26, 2024 10:00 AM ET Company Participants Adam Prior - Director of IR Steve Westhoven - President and CEO Roberto Bel - SVP and CFO Pat Migliaccio - SVP and COO Conference Call Participants Robert Mosca - Mizuho Securities Chris Ellinghaus - Seibert Williams Shank Travis Miller - Morningstar Operator Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today. At this time, I would ...