NJR
New Jersey Resources Corporation46.31
+0.02+0.04%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
4.67BP/E (TTM)
13.91Basic EPS (TTM)
3.33Dividend Yield
0.04%Recent Filings
10-K
8-K
8-K
NJR elects new board director
New Jersey Resources expanded its board from eleven to twelve directors and unanimously elected Amy B. Mansue, effective November 1, 2025. Mansue, president and CEO of Inspira Health Network, brings deep healthcare leadership and public sector experience from roles like deputy commissioner in New Jersey's Department of Human Services. Her strategic insights will strengthen governance amid evolving energy markets. No related transactions disclosed.
8-K
NJNG issues $200M notes
New Jersey Natural Gas, a subsidiary of New Jersey Resources, issued $200 million in senior notes on August 21, 2025, split evenly between 5.16% Series A due 2035 and 5.85% Series B due 2055, secured by first mortgage bonds. Proceeds will refinance short-term debt and fund capital expenditures, bolstering liquidity without direct NJR obligation. Covenants curb liens and asset sales. Forward-looking use of proceeds carries market risks.
10-Q
Q3 FY2025 results
New Jersey Resources posted a Q3 net loss of $15.1M, or $(0.15) per diluted share, wider than the $11.6M loss last year, yet YTD net income soared 61% to $320.6M, or $3.18 per share (derived from 100.8M diluted shares), fueled by NJNG's base rate hike to $157M effective November 2024 and CEV's $56.1M gain from selling its 91 MW residential solar portfolio in November 2024 for $132.5M cash. Revenues climbed 8% q/q to $299M but dipped 21% y/y amid softer ES volumes, while operating income swung to a $1.1M loss from $5.9M, pressured by $20.1M higher ES costs; YTD, revenues surged 21% to $1.7B with operating income up 50% to $468.5M. Cash from operations hit $385.2M, up 6% y/y, supporting $444M in capex—NJNG's $307M for infrastructure, CEV's $118M for 32 MW solar additions—while long-term debt rose to $3.0B after $100M issuance, revolver availability at $496M, and $2M cash on hand. Free cash flow stood at $79.2M (derived: ops cash minus $306M investing). Regulatory filings loom, including BGSS/CIP adjustments. Volatility in natural gas prices remains a key risk.
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