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
Website
CEO
Laurence Downes
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
New Jersey Natural Gas Company • NJR Service Corporation • NJR Energy Services Company • NJR Clean Energy Ventures Corporation • NJR Clean Energy • Bernards Solar, LLC • AR Solar, LLC • Canal Road Solar Partners, LLC • Canal Brook Solar Partners, LLC • CleanLight Energy, LLC ...
IRS number
222376465
NJR stock data
Analyst ratings and price targets
Latest filings (excl ownership)
10-Q
2023 Q1
Quarterly report
2 Feb 23
8-K
New Jersey Resources Reports Fiscal 2023 First-quarter Results
2 Feb 23
8-K
Submission of Matters to a Vote of Security Holders
30 Jan 23
8-K
New Jersey Resources Announces Executive Promotions
23 Dec 22
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
19 Dec 22
DEFA14A
Additional proxy soliciting materials
15 Dec 22
DEF 14A
Definitive proxy
15 Dec 22
S-3ASR
Automatic shelf registration
30 Nov 22
10-K
2022 FY
Annual report
17 Nov 22
Transcripts
NJR
Earnings call transcript
2023 Q1
2 Feb 23
NJR
Earnings call transcript
2022 Q4
17 Nov 22
NJR
Earnings call transcript
2022 Q3
6 Aug 22
NJR
Earnings call transcript
2022 Q2
7 May 22
NJR
Earnings call transcript
2022 Q1
3 Feb 22
NJR
Earnings call transcript
2021 Q4
18 Nov 21
NJR
Earnings call transcript
2021 Q3
8 Aug 21
NJR
Earnings call transcript
2021 Q2
9 May 21
NJR
Earnings call transcript
2021 Q1
5 Feb 21
NJR
Earnings call transcript
2020 Q3
8 Aug 20
Latest ownership filings
4
Patrick J. Migliaccio
8 Mar 23
SC 13G/A
STATE STREET CORP
9 Feb 23
SC 13G/A
VANGUARD GROUP INC
9 Feb 23
4
M Susan Hardwick
27 Jan 23
4
JANE M KENNY
27 Jan 23
4
SHARON C TAYLOR
27 Jan 23
4
Thomas C OConnor
27 Jan 23
4
DONALD L CORRELL
27 Jan 23
4
Gregory E Aliff
27 Jan 23
4
Michael A O'Sullivan
27 Jan 23
Financial summary
Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Sep 22 | Sep 21 | Sep 20 | Sep 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.87 mm | 2.87 mm | 2.87 mm | 2.87 mm | 2.87 mm | 2.87 mm |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 29.65 mm | (no burn) |
Cash used (since last report) | n/a | n/a | n/a | n/a | 84.30 mm | n/a |
Cash remaining | n/a | n/a | n/a | n/a | -81.43 mm | n/a |
Runway (months of cash) | n/a | n/a | n/a | n/a | -2.7 | n/a |
Institutional ownership, Q4 2022
75.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 308 |
Opened positions | 53 |
Closed positions | 26 |
Increased positions | 115 |
Reduced positions | 92 |
13F shares | Current |
---|---|
Total value | 3.56 tn |
Total shares | 73.01 mm |
Total puts | 2.50 k |
Total calls | 55.60 k |
Total put/call ratio | 0.0 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 15.55 mm | $771.81 bn |
Vanguard | 11.13 mm | $552.36 bn |
STT State Street | 9.03 mm | $451.38 bn |
Dimensional Fund Advisors | 2.73 mm | $135.80 bn |
Wellington Management | 2.66 mm | $132.12 bn |
WFC Wells Fargo & Co. | 2.60 mm | $129.18 bn |
Geode Capital Management | 1.77 mm | $88.20 bn |
IVZ Invesco | 1.71 mm | $84.74 bn |
First Trust Advisors | 1.54 mm | $76.49 bn |
BK Bank Of New York Mellon | 1.48 mm | $73.48 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
7 Mar 23 | Patrick J. Migliaccio | Common Stock | Sell | Dispose S | No | No | 51 | 2,040 | 104.04 k | 38,129.13 |
25 Jan 23 | George R Zoffinger | RSU Common Stock | Grant | Acquire A | No | No | 0 | 2,521.178 | 0.00 | 2,521.178 |
25 Jan 23 | Michael A O'Sullivan | Common Stock | Option exercise | Acquire M | No | No | 0 | 464 | 0.00 | 464 |
25 Jan 23 | Michael A O'Sullivan | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 459.575 | 0.00 | 0 |
25 Jan 23 | Michael A O'Sullivan | RSU Common Stock | Grant | Acquire A | No | No | 0 | 2,521.178 | 0.00 | 2,521.178 |
25 Jan 23 | James H Degraffenreidt JR | Common Stock | Option exercise | Acquire M | No | No | 49.58 | 3,042 | 150.82 k | 14,249 |
25 Jan 23 | James H Degraffenreidt JR | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 2,941.929 | 0.00 | 0 |
25 Jan 23 | James H Degraffenreidt JR | RSU Common Stock | Grant | Acquire A | No | No | 0 | 2,521.178 | 0.00 | 2,521.178 |
25 Jan 23 | Correll Donald L | RSU Common Stock | Grant | Acquire A | No | No | 0 | 3,529.649 | 0.00 | 3,529.649 |
News
Insiders Selling New Jersey Resources And 3 Other Stocks
9 Mar 23
Expert Ratings for New Jersey Resources
7 Feb 23
Mizuho Maintains Neutral on New Jersey Resources, Raises Price Target to $51
7 Feb 23
New Jersey Resources's Return On Capital Employed Insights
3 Feb 23
New Jersey Resources Q1 Adj EPS $1.14 Beats $0.72 Estimate, Sales $723.57M Beat $578.66M Estimate
2 Feb 23
Press releases
New Jersey Natural Gas Announces Bill Credit and Rate Decrease for Residential and Small Commercial Customers
22 Feb 23
New Jersey Resources Reports Fiscal 2023 First-Quarter Results and Increases Net Financial Earnings Guidance for Fiscal 2023
2 Feb 23
New Jersey Resources Hosts 70th Annual Meeting; Shareowners Elect Four Directors
25 Jan 23
New Jersey Resources Highlights Expanded Commitment to Environmental Stewardship and Community Engagement
25 Jan 23
New Jersey Resources Board of Directors Declares Quarterly Dividend
25 Jan 23