New Jersey Board of Public Utilities Approves New Rates for New Jersey Natural Gas
NewJersey Resources Corporation (NJR)
Last newjersey resources corporation earnings: 2/6 07:00 am
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Source: Business Wire
WALL, N.J.--(BUSINESS WIRE)--New Jersey Natural Gas (NJNG) today received approval from the New Jersey Board of Public Utilities on the settlement of its base rate case resulting in a $157 million increase to its base rates. NJNG requested the increase to recover costs associated with the company’s infrastructure investments, system enhancements and the overall operation of its business.“This is a reasonable, fair settlement that recognizes the value of the approximately $850 million of investments New Jersey Natural Gas has made in its operations and system since 2021,” said Steve Westhoven, President and CEO of New Jersey Natural Gas. “These investments have significantly enhanced the reliability of our delivery system and supported the critical operation of our lifeline utility service. We thank the Board of Public Utilities and the Division of Rate Counsel for their work in reaching an outcome that balances the interests of our customers and our company.”After a thorough revie
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News
- New Jersey Resources Co. (NYSE: NJR) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating. They now have a $54.00 price target on the stock, up previously from $52.00.MarketBeat
- New Jersey Resources Co. (NYSE: NJR) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Earnings Report: New Jersey Resources Corporation Missed Revenue Estimates By 12% [Yahoo! Finance]Yahoo! Finance
- New Jersey Resources Co. (NYSE: NJR) had its price target raised by analysts at Wells Fargo & Company from $51.00 to $54.00. They now have an "equal weight" rating on the stock.MarketBeat
- New Jersey Resources Co. (NYSE: NJR) had its price target raised by analysts at Guggenheim from $46.00 to $49.00. They now have a "neutral" rating on the stock.MarketBeat
NJR
Earnings
- 11/25/24 - In-Line
NJR
Sec Filings
- 12/16/24 - Form 4
- 12/11/24 - Form ARS
- 12/11/24 - Form DEFA14A
- NJR's page on the SEC website