NEW JERSEY RESOURCES CORP
Close on Oct 19, 2026
- Market cap
- $5.21B
- P/E (TTM)
- 14.1
- Dividend yield
- 3.57%
About New Jersey Resources
Natural Gas Distribution, SIC 4924
New Jersey Resources Corporation operates as a diversified energy services holding company primarily engaged in natural gas distribution, clean energy investments, wholesale energy management, and midstream operations. Through its four principal reportable segments—Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation—the company provides regulated natural gas distribution, invests in commercial solar installations, conducts wholesale natural gas marketing and asset management, and operates storage and pipeline transportation facilities. It serves residential, commercial, and industrial consumers, as well as utilities, energy marketers, power generators, and natural gas producers across North America.
The company's regulated natural gas utility serves 109 municipalities covering 1,538 square miles with an estimated population of 1.7 million across six New Jersey counties. Its clean energy footprint includes commercial solar systems situated in New Jersey, Rhode Island, New York, Connecticut, Michigan, Indiana, and Pennsylvania. In addition, the company manages pipeline operations in eastern Pennsylvania and storage caverns and facilities located in Mississippi and Pennsylvania. New Jersey Resources Corporation is incorporated in New Jersey.
Summary of the business section of New Jersey Resources's latest annual report, written by StockData.
Company profile
Company
- Legal name
- NEW JERSEY RESOURCES CORP
- Headquarters
- Wall, NJ
- Address
- 1415 Wyckoff Rd, Po Box 1468 07719
- Phone
- (732) 938-1000
- Employees
- 1,376, Sep 30, 2025
- Industry
- Natural Gas Distribution
- Incorporated in
- New Jersey
- Fiscal year ends
- September 30
- Auditor
- Deloitte & Touche LLP, Morristown, New Jersey
Stock & identifiers
- Ticker
- NJR
- Exchange
- NYSE
- Shares outstanding
- 101M, Jul 31, 2026
- Public float
- $4.90B, Mar 31, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 2-for-1, Mar 4, 2015; 2-for-1, Jan 20, 2015; 3-for-2, Mar 4, 2008; 3-for-2, Mar 4, 2002; 2-for-1, Mar 3, 1987
- SEC CIK
- 356309
- CUSIP
- 646025106
- ISIN
- US6460251068
- LEI
- 549300QKBSQBIX4DQ583
- EIN
- 22-2376465
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Stephen D. Westhoven | President & CEO, Director | 228,306 |
| Patrick J. Migliaccio | Senior VP and COO, NJNG | 32,202 |
| Christopher T. D'Antuono | Corporate Controller and PAO | 4,122 |
| Richard Reich | SVP and Gen Counsel | 30,420 |
| Roberto Bel | SVP and CFO | 21,815 |
| Lori DelGiudice | SVP, Human Resources | 18,371 |
| Stephen Skrocki | Corporate Controller and PAO | 7,129 |
| Jacqueline K. Shea | SVP, Chief Information Officer | 40,364 |
| Amy Cradic | SVP & COO Non-Utility Business | 47,982 |
| Jane M. Kenny | Director | 21,998 |
| Michael A. O'Sullivan | Director | 9,257 |
| Peter C. Harvey | Director | 534 |
| Thomas C. OConnor | Director | – |
| Sharon C. Taylor | Director | 37,757 |
| Amy B. Mansue | Director | 512 |
| Gregory E. Aliff | Director | – |
| William T. Yardley | Director | 1,535 |
| M. Susan Hardwick | Director | 17,440 |
| James H. Degraffenreidt Jr | Director | 23,042 |
| Donald L. Correll | Director | 4,566 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Stephen D. Westhoven | $6.43M | $7.45M | $1.35M | $213 | $172 |
| FY2024 Stephen D. Westhoven | $7.21M | $6.20M | $1.47M | $201 | $155 |
| FY2023 Stephen D. Westhoven | $5.78M | $5.74M | $1.33M | $167 | $109 |
| FY2022 Stephen D. Westhoven | $4.61M | $5.17M | $1.26M | $154 | $117 |
| FY2021 Stephen D. Westhoven | $4.78M | $4.87M | $1.31M | $133 | $111 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of September 30, 2025, the Company and our subsidiaries employed 1,376 employees compared with 1,372 employees as of September 30, 2024.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Feb 11, 2019 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Dec 17, 2009 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Mar 18, 2009 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Feb 20, 2009 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Nov 30, 2007 | Late filing | Notification of late filing |
| May 7, 2007 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Sep 27, 2006 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Aug 25, 2006 | Delisting | Notice of delisting from exchange (Form 25) |
| Aug 22, 2006 | Delisting | Notice of delisting from exchange (Form 25) |
| Aug 2, 1996 | Listing | Registration of securities on an exchange (Form 8-A) |