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Stock Market & Financial Investment News

News Breaks
January 9, 2013
14:07 EDTNJRNew Jersey Resources estimates CapEx related to Sandy $30M-$40M
Company had seen CapEx related to Sandy of $40M-$60M. Company expects to spend $20M-$27M of this amount in FY13, balance spent over next three years. NJNG has sufficient liquidity to meet its current obligations and to fund restoration efforts from a combination of cash on hand and revolving credit facilities. A $50M accordion feature in NJNG's syndicated credit agreement has been exercised to increase the amount available under NJNG's revolving credit facility. In addition, NJNG expects to close on the issuance of $50M of new long-term debt in 2Q13. The company expects to issue FY13 earnings guidance January 23.
News For NJR From The Last 14 Days
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February 3, 2016
07:04 EDTNJRNew Jersey Resources backs FY16 net financial EPS $1.55-$1.65, consensus $1.64
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07:03 EDTNJRNew Jersey Resources reports Q1 net financial EPS 58c, consensus 56c
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February 2, 2016
17:10 EDTNJRNJRCEV announces $84M onshore wind project
NJR Clean Energy Ventures, or NJRCEV, the unregulated distributed power subsidiary of New Jersey Resources, announced its fourth onshore wind project. The Ringer Hill Wind Farm is located along the Pennsylvania-Maryland border in Somerset County, Pennsylvania, approximately 60 miles southeast of Pittsburgh. NJRCEV will invest approximately $84M to construct, own and operate the wind farm consisting of 14 GE turbines with a total capacity of 39.9 megawatts. NJRCEV expects this wind farm to be operational during the Q1 of FY17. When this project is complete, NJRCEV's onshore wind portfolio will total more than 120 MW, capable of producing enough energy to power 37,500 homes per year.

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