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NJR

New Jersey Resources Corporation

$47.08

Earnings Summary

Revenue
$552.34Mn
Net Profits
$13.05Mn
Net Profit Margins
2.36%
PE Ratio
20.78

Highlights

Revenue:

New Jersey Resources Corporation’s revenue jumped 50.26% since last year same period to $552.34Mn in the Q2 2022. On a quarterly growth basis, New Jersey Resources Corporation has generated -39.46% fall in its revenue since last 3-months.

Net Profits:

New Jersey Resources Corporation’s net profit jumped 111.67% since last year same period to $13.05Mn in the Q2 2022. On a quarterly growth basis, New Jersey Resources Corporation has generated -86.41% fall in its net profits since last 3-months.

Net Profit Margins:

New Jersey Resources Corporation’s net profit margin jumped 107.77% since last year same period to 2.36% in the Q2 2022. On a quarterly growth basis, New Jersey Resources Corporation has generated -77.55% fall in its net profit margins since last 3-months.

PE Ratio:

New Jersey Resources Corporation’s price-to-earnings ratio after this Q2 2022 earnings stands at 20.78.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the New Jersey Resources Corporation post its latest quarter earnings

EPS Estimate Current Quarter
0.06
EPS Estimate Current Year
0.06

Highlights

EPS Estimate Current Quarter:

New Jersey Resources Corporation’s earning per share (EPS) estimates for the current quarter stand at 0.06 - a -95.31% fall from last quarter’s estimates.

EPS Estimate Current Year:

New Jersey Resources Corporation’s earning per share (EPS) estimates for the current year stand at 0.06.

Key Ratios

Key ratios of the New Jersey Resources Corporation post its Q2 2022 earnings

Return on Assets (ROA)
0.04
Return on Equity (ROE)
0.13
Dividend Per Share (DPS)
1.45

Highlights

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. New Jersey Resources Corporation’s return on assets (ROA) stands at 0.04.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. New Jersey Resources Corporation’s return on equity (ROE) stands at 0.13.

Dividend Per Share (DPS):

New Jersey Resources Corporation declared 1.45 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-05
1.28
1.36
6.25%

Company Information

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®.

Organisation
New Jersey Resources Corporation
Headquarters
Belmar, New Jersey, US
Employees
1.16K
Industry
Utilities
CEO
Laurence Downes