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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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November 24, 2015
07:06 EDTNJRNew Jersey Resources raises quarterly dividend 6.7% to 24c per share
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07:05 EDTNJRNew Jersey Resources sees FY16 net financial EPS $1.55-$1.65, consensus $1.70
Sees New Jersey Natural Gas contributing 65%-80% of net financial earnings in FY16. Assuming a return to more normal weather this year, the company expects NJR Energy Services to generate between 5%-15% of total NFE in fiscal 2016. NJR's average annual long-term NFE-per-share growth rate goal is 5%-9% with fiscal 2013 as the base year. In addition, the company's annual dividend growth rate goal is 6 to 8 percent and its long-term payout ratio goal is 60%-65%.
07:03 EDTNJRNew Jersey Resources reports Q4 EPS net financial EPS (6c), consensus (8c)
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November 11, 2015
12:06 EDTNJRNew Jersey Resources promotes Patrick Migliaccio to CFO
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