New Jersey Resources(NJR)
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Nevis Brands CEO talks expansion of Major cannabis beverages into New Jersey - ICYMI
Proactiveinvestors NA· 2024-08-10 14:26
Nevis Brands (CSE:NEVI, OTCQB:PSCBF) CEO John Kueber joined Proactive to discuss the company's new licensing agreement with Stash House to produce and distribute Major-branded cannabis beverages in New Jersey. Kueber highlighted the importance of New Jersey's market due to its proximity to major population centers like New York City. He also provided an update on the company's regulatory approval efforts in Michigan, expressing optimism about entering the market before the end of the year. Proactive: You've ...
New Jersey Resources(NJR) - 2024 Q3 - Quarterly Report
2024-08-06 18:35
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 June 30, 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 jurisdi ...
New Jersey Resources(NJR) - 2024 Q3 - Earnings Call Transcript
2024-08-06 17:37
New Jersey Resources Corporation (NYSE:NJR) Q3 2024 Results Conference Call August 6, 2024 10:00 AM ET Company Participants Adam Prior - Head of 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 Conference Call Participants Richard Sunderland - JPMorgan Travis Miller - Morningstar Michael Gaugler - Janney Montgomery Scott Robert Mosca - Mizuho Operator H ...
New Jersey Resources (NJR) Reports Q3 Loss, Lags Revenue Estimates
ZACKS· 2024-08-06 13:16
New Jersey Resources (NJR) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -350%. A quarter ago, it was expected that this energy services holding company would post earnings of $1.32 per share when it actually produced earnings of $1.40, delivering a surprise of 6.06%. Over the last fou ...
New Jersey Resources(NJR) - 2024 Q3 - Quarterly Results
2024-08-06 10:55
Exhibit 99.1 NEW JERSEY RESOURCES REPORTS FISCAL 2024 THIRD-QUARTER RESULTS WALL, N.J., August 6, 2024 — Today, New Jersey Resources Corporation (NYSE: NJR) reported results for the third quarter of fiscal 2024. Highlights include: • Consolidated net loss of $(11.6) million, compared with net income of $1.5 million in the third quarter of fiscal 2023 • Consolidated net financial loss, a non-GAAP financial measure, of $(8.9) million, or $(0.09) per share, compared to net financial earnings (NFE), a non-GAAP ...
Analysts Estimate New Jersey Resources (NJR) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2024-07-30 15:07
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Please note that a negative Earnings ESP reading is not indicative of an earn ...
Reasons to Add New Jersey Resources (NJR) to Your Portfolio
ZACKS· 2024-07-15 16:01
New Jersey Resources (NJR) continues to benefit from its infrastructure upgrades that help serve the company's expanding customer base more efficiently. Given its earnings growth opportunities and strong return on equity (ROE), NJR makes for a solid investment option in the utility sector. NJR has been increasing the value of its shareholders by paying out dividends. Currently, its quarterly dividend is 42 cents per share, resulting in an annualized dividend of $1.68 per share, up 7.7% from the previous fig ...
New Jersey Resources: This Dividend Champion Looks Like A Buy Right Now
Seeking Alpha· 2024-07-10 11:00
strickke 1. It is reliable. By that, I mean it can't be steady for a while, only to plunge from dividend suspensions/cuts in any given year. 2. It is consistently growing enough to keep up with inflation. Even if a portfolio's passive income remains constant over the years, that's not enough by itself to sustain a viable retirement. Flat income year after year is itself a stealth dividend cut in my view. That is why I believe it is so critical for dividend growth investors to be laser-focused on quality wit ...
Reasons to Add New Jersey Resources (NJR) to Your Portfolio Now
ZACKS· 2024-06-17 12:30
New Jersey Resources (NJR) continues to benefit from its infrastructure upgrades that help serve its expanding customer base more efficiently. Given its earnings growth opportunities and strong return on equity (ROE), NJR makes for a solid investment option in the utility sector. Growth Projections & Surprise History New Jersey Resources delivered an average earnings surprise of 107.4% in the last four quarters. ROE indicates how efficiently a company has been utilizing the funds to generate higher returns. ...
New Jersey Resources' (NJR) Unit Files for Gas Rate Revision
ZACKS· 2024-06-03 15:21
New Jersey Resources (NJR) announced that its unit, New Jersey Natural Gas ("NJNG"), has filed for a rate revision with New Jersey Board of Public Utilities ("BPU"). If the rates are approved without any change, it should increase the utility bill of a typical residential customer using 100 therms a month by 0.5% or 71 cents per month. NJNG expects the rate adjustment to take effect from Oct 1, 2024, subject to the approval of BPU. In this rate revision filing, NJNG has asked for a reduction in its annual B ...