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NJR New Jersey Resources

New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses: New Jersey Natural Gas, NJR's principal subsidiary, operates and maintains over 7,500 miles of natural gas transportation and distribution infrastructure to serve over half a million customers in New Jersey's Monmouth, Ocean, Morris, Middlesex and Burlington counties. Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of more than 350 megawatts, providing residential and commercial customers with low-carbon solutions. Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America. Storage & Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River Energy Center and the Adelphia Gateway Pipeline Project, as well as our 50 percent equity ownership in the Steckman Ridge natural gas storage facility, and our 20 percent equity interest in the PennEast Pipeline Project. Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey. NJR and its more than 1,100 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®.

Company profile

Ticker
NJR
Exchange
NYSE
Website
www.njresources.com/
CEO
Laurence Downes
Employees
Incorporated
New Jersey
Location
New Jersey
Fiscal year end
Sep 30
Sector
Utilities > Natural Gas Distribution
Industry (SIC)
Natural Gas Distribution
Atmos Energy • National Fuel Gas • Piedmont Natural Gas • Washington Gas Light • ONE Gas • Northwest Natural Holding • Northwest Natural Holding • Spire • Cheniere Energy Partners • New Fortress Energy ...
SEC CIK
0000356309
Corporate docs
IRS number
222376465

NJR stock data

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News

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Stocks That Hit 52-Week Highs On Thursday
10 Jun 21
Before 10 a.m. ET on Thursday, 258 companies set new 52-week highs.
Stocks That Hit 52-Week Highs On Monday
10 May 21
This morning 792 companies reached new 52-week highs.
New Jersey Resources Q2 Adj. EPS $1.77 Beats $1.13 Estimate, Sales $802.19M Beat $646.00M Estimate
6 May 21
New Jersey Resources (NYSE:NJR) reported quarterly earnings of $1.77 per share which beat the analyst consensus estimate of $1.13 by 56.64 percent. This is a 58.04 percent increase over earnings of $1.12 per share from
Recap: New Jersey Resources Q2 Earnings
6 May 21
Earnings Scheduled For May 6, 2021
6 May 21

Press releases

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New Jersey Natural Gas Submits Annual BGSS and CIP Filing to the New Jersey Board of Public Utilities
28 May 21
Proposed 2.1% Increase Driven by Higher Commodity Costs and Demand Charges New Jersey Natural Gas (NJNG), the regulated subsidiary of New Jersey Resources (NYSE:NJR), today submitted its annual Basic Gas Supply
Adelphia Gateway Project Receives Final Notice to Proceed From Federal Energy Regulatory Commission
28 May 21
WALL, N.J., May 28, 2021 /PRNewswire/ -- On May 26, 2021, Adelphia Gateway, LLC received a Notice to Proceed with construction of the second phase of the project from the Federal Energy Regulatory Commission (FERC). The
New Jersey Resources Reports Second-Quarter Fiscal 2021 Results and Increases Net Financial Earnings Guidance for Fiscal 2021
6 May 21
Second Guidance Increase This Fiscal Year Today, New Jersey Resources (NYSE:NJR) reported results for the second-quarter of fiscal 2021. Highlights include: Consolidated net income of $149.8 million, compared with
New Jersey Resources Reports Second-Quarter Fiscal 2021 Results and Increases Net Financial Earnings Guidance for Fiscal 2021
6 May 21
Source Power Company to Provide Customer Acquisition and Management Services for NJR Clean Energy Ventures' Community Solar Project in Orange and Rockland Counties
26 Apr 21

Calendar

6 May 21
14 Jun 21
30 Sep 21

Financial summary

Financial statements Chart NJR financial data
Quarter (USD)
 Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Sep 20 Sep 19 Sep 18 Sep 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 58.98M 58.98M 58.98M 58.98M 58.98M 58.98M
Cash burn (monthly) 20.15M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 49.73M n/a n/a n/a n/a n/a
Cash remaining 9.25M n/a n/a n/a n/a n/a
Runway (months of cash) 0.5 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Recent insider trades

NJR insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
27 May 21 Howard M William JR Common Stock Sell Dispose S No No 42.79 3,078 131.71K 14,257.195
19 Mar 21 Howard M William JR Common Stock Sell Dispose S No No 40.16 5,580 224.09K 17,335.195
11 Feb 21 Patrick J. Migliaccio Common Stock Sell Dispose S No No 37.11 3,811 141.43K 37,571.842
20 Jan 21 Sharon C Taylor Common Stock Option exercise Aquire M No No 0 2,638 0 13,433.132
20 Jan 21 Sharon C Taylor RSU Common Stock Option exercise Dispose M No No 0 2,529.317 0 0
20 Jan 21 Sharon C Taylor RSU Common Stock Grant Aquire A No No 0 3,079.507 0 3,079.507
20 Jan 21 George R Zoffinger RSU Common Stock Grant Aquire A No No 0 3,079.507 0 3,079.507
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

NJR institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

70.8% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 258 263 -1.9%
Opened positions 33 48 -31.3%
Closed positions 38 30 +26.7%
Increased positions 72 87 -17.2%
Reduced positions 103 92 +12.0%
13F shares
 Current Prev Q Change
Total value 2.72B 2.55B +6.8%
Total shares 68.19M 71.62M -4.8%
Total puts 1.1K 11.2K -90.2%
Total calls 108.9K 28.8K +278.1%
Total put/call ratio 0.0 0.4 -97.4%
Largest owners
 Shares Value Change
BLK Blackrock 14.56M $580.48M -0.9%
Vanguard 9.54M $380.52M -3.9%
STT State Street 8.35M $335.72M +5.3%
Wellington Management 2.43M $96.79M +17.7%
WFC Wells Fargo & Co. 2.3M $91.6M +0.5%
Dimensional Fund Advisors 2.22M $88.6M +10.7%
Geode Capital Management 1.58M $63.02M +6.9%
NTRS Northern Trust 1.55M $61.8M -19.7%
First Trust Advisors 1.51M $60.4M -9.6%
Energy Income Partners 1.43M $56.9M -11.3%
Largest transactions
 Shares Bought/sold Change
BEN Franklin Resources 84.21K -1M -92.2%
Norges Bank 0 -925.21K EXIT
BAM Brookfield Asset Management 895.1K +895.1K NEW
STT State Street 8.35M +421.32K +5.3%
Reaves W H & Co 7.22K -410.95K -98.3%
Vanguard 9.54M -392.22K -3.9%
NTRS Northern Trust 1.55M -380.35K -19.7%
Wellington Management 2.43M +365.9K +17.7%
Millennium Management 213.62K -351.27K -62.2%
Boston Trust Walden 425.93K -272.59K -39.0%
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: American, array, cold, history, onsite, owed, payout, Rescue, sublease, top, Wall
Removed: high, Iowa, Montana, rapidly, simplify, wind
From filing 10-Q 2021 Q2

Financial reports

View all
10-Q
2021 Q2
Quarterly report
6 May 21
10-Q
2021 Q1
Quarterly report
4 Feb 21
10-K
2020 FY
Annual report
30 Nov 20
10-Q
2020 Q3
Quarterly report
9 Aug 20
10-Q
2020 Q2
Quarterly report
10 May 20
10-Q
2020 Q1
Quarterly report
6 Feb 20
10-K
2019 FY
Annual report
22 Nov 19
10-Q
2019 Q3
Quarterly report
6 Aug 19
10-Q
2019 Q2
Quarterly report
3 May 19
10-Q
2019 Q1
Quarterly report
5 Feb 19

Current reports

View all
8-K
Departure of Directors or Certain Officers
7 May 21
8-K
Results of Operations and Financial Condition
6 May 21
8-K
New Jersey Natural Gas Files Base Rate Case with the New Jersey Board of Public Utilities
30 Mar 21
8-K
New Jersey Resources Increases Fiscal 2021 Net Financial Earnings Guidance
15 Mar 21
8-K
New Jersey Resources Reports First-quarter Fiscal 2021 Results
4 Feb 21
8-K
Submission of Matters to a Vote of Security Holders
22 Jan 21
8-K
Q&a on the Asset Management Agreements with an Investment Grade Public Utility
17 Dec 20
8-K
Regulation FD Disclosure
30 Nov 20
8-K
Results of Operations and Financial Condition
30 Nov 20
8-K
Departure of Directors or Certain Officers
13 Nov 20

Registration and prospectus

View all
424B2
Prospectus for primary offering
5 Dec 19
424B5
Prospectus supplement for primary offering
4 Dec 19
S-3ASR
Automatic shelf registration
4 Dec 19
S-3ASR
Automatic shelf registration
28 Sep 18
424B3
Prospectus supplement
17 Aug 18
S-8
Registration of securities for employees
24 Jan 17
S-3ASR
Automatic shelf registration
13 Dec 15
S-3ASR
Automatic shelf registration
24 Jan 13
S-8
Registration of securities for employees
27 Jan 10
S-8
Registration of securities for employees
30 Jan 07

Proxies

View all
DEFA14A
Additional proxy soliciting materials
11 Dec 20
DEF 14A
Definitive proxy
11 Dec 20
DEFA14A
Additional proxy soliciting materials
12 Dec 19
DEF 14A
Definitive proxy
12 Dec 19
DEFA14A
Additional proxy soliciting materials
13 Dec 18
DEF 14A
Definitive proxy
13 Dec 18
DEF 14A
Definitive proxy
13 Dec 17
DEFA14A
Additional proxy soliciting materials
13 Dec 17
DEF 14A
Definitive proxy
14 Dec 16
DEFA14A
Additional proxy soliciting materials
14 Dec 16

Other

View all
UPLOAD
Letter from SEC
25 Apr 16
CORRESP
Correspondence with SEC
18 Apr 16
UPLOAD
Letter from SEC
11 Apr 16
CORRESP
Correspondence with SEC
31 Mar 16
UPLOAD
Letter from SEC
22 Mar 16
CORRESP
Correspondence with SEC
20 Mar 16
UPLOAD
Letter from SEC
8 Mar 16
UPLOAD
Letter from SEC
9 Mar 14
CORRESP
Correspondence with SEC
27 Feb 14
UPLOAD
Letter from SEC
17 Feb 14

Ownership

View all
SC 13G/A
NEW JERSEY RESOURCES / STATE STREET ownership change
10 Jun 21
4
NEW JERSEY RESOURCES / M WILLIAM HOWARD JR ownership change
27 May 21
4
NEW JERSEY RESOURCES / M WILLIAM HOWARD JR ownership change
19 Mar 21
4
NEW JERSEY RESOURCES / Patrick J. Migliaccio ownership change
11 Feb 21
SC 13G
NEW JERSEY RESOURCES / STATE STREET ownership change
11 Feb 21
SC 13G/A
NEW JERSEY RESOURCES / VANGUARD ownership change
10 Feb 21
SC 13G/A
NEW JERSEY RESOURCES / BlackRock ownership change
26 Jan 21
4
NEW JERSEY RESOURCES / Gregory E Aliff ownership change
22 Jan 21
4
NEW JERSEY RESOURCES / M WILLIAM HOWARD JR ownership change
22 Jan 21
4
NEW JERSEY RESOURCES / M Susan Hardwick ownership change
22 Jan 21

Transcripts

View all
2021 Q1
Earnings call transcript
5 Feb 21
2020 Q3
Earnings call transcript
8 Aug 20
2020 Q2
Earnings call transcript
8 May 20
2020 Q1
Earnings call transcript
7 Feb 20
2019 Q4
Earnings call transcript
19 Nov 19
2019 Q3
Earnings call transcript
11 Aug 19
2019 Q2
Earnings call transcript
3 May 19
2019 Q1
Earnings call transcript
6 Feb 19
2018 Q4
Earnings call transcript
20 Nov 18
2018 Q3
Earnings call transcript
7 Aug 18

Reddit threads

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