Every material Form 8-K New Jersey Resources has filed with the SEC since November 12, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
New Jersey Resources entered into a third amendment to its credit agreement with PNC Bank, National Association, as administrative agent, on October 27, 2026. The amendment increases the senior unsecured revolving commitments from $575 million to $650 million and extends the maturity to October 27, 2031, and a separate NJNG amendment extends that subsidiary's $250 million facility to the same date.
NJR revolving credit commitments increase from $575,000,000 to $650,000,000.
NJR facility maturity extended to October 27, 2031.
NJNG facility maturity extended from August 7, 2029 to October 27, 2031; commitments remain at $250,000,000.
Amendments dated October 27, 2026, filed as Exhibits 10.1 and 10.2.
New Jersey Natural Gas, a wholly-owned subsidiary of New Jersey Resources, issued and sold $50 million of 5.43% Senior Notes, Series 2026C, due October 22, 2036, to institutional investors in a private placement. The notes are secured by an equal amount of NJNG first mortgage bonds, and NJR is not directly or contingently obligated on the notes, so the deal adds debt at the subsidiary level.
Principal: $50,000,000 of 5.43% Senior Notes, Series 2026C, issued October 22, 2026
Maturity: October 22, 2036; interest payable each April 22 and October 22, starting April 22, 2027
Proceeds for general corporate purposes, including refinancing short-term debt and funding capital expenditures
Notes secured by NJNG first mortgage bonds; NJR not obligated directly or contingently
New Jersey Natural Gas, a wholly-owned subsidiary of New Jersey Resources, agreed on August 20, 2026 to sell $150 million of senior notes in three series to institutional investors. The Series A and Series B notes, totaling $100 million, closed the same day, and the $50 million Series C notes are expected to close on October 22, 2026. The notes are secured by the subsidiary's first mortgage bonds, and the parent company is not directly or contingently obligated, so the debt sits at the utility subsidiary level.
$50 million 5.43% Series A notes due August 20, 2036, closed August 20, 2026
$50 million 6.04% Series B notes due August 20, 2056, closed August 20, 2026
$50 million 5.43% Series C notes due October 22, 2036, expected to close October 22, 2026
Proceeds are for general corporate purposes, including refinancing short-term debt and funding capital expenditures
New Jersey Resources reported fiscal third-quarter 2026 net income of $9.7 million, or $0.10 per share, compared with a net loss of $15.1 million, or $0.15 per share, a year earlier. The company narrowed its fiscal 2026 net financial earnings per share guidance to $3.52 to $3.62 from $3.48 to $3.63, raising the low end.
Q3 net income $9.7 million ($0.10 per share) versus a net loss of $15.1 million ($0.15 per share) in the same quarter of fiscal 2025.
Q3 net financial earnings (non-GAAP) $11.3 million ($0.11 per share) versus $6.2 million ($0.06 per share) a year earlier.
Fiscal 2026 NFEPS guidance tightened to $3.52 to $3.62 from $3.48 to $3.63.
Nine-month net income $351.1 million ($3.48 per share) versus $320.6 million ($3.20 per share); results webcast August 4, 2026 at 10 a.m. ET.
New Jersey Resources reported fiscal 2026 second-quarter net income of $218.9 million, or $2.17 per share, up from $204.3 million, or $2.04 per share, a year earlier. The company raised its fiscal 2026 net financial earnings per share guidance by $0.20 to $3.48-$3.63, citing continued strong performance at Energy Services, which is the second increase this year.
Q2 net income was $218.9 million, or $2.17 per share, versus $204.3 million, or $2.04 per share, a year earlier.
Q2 net financial earnings (non-GAAP) were $221.5 million, or $2.20 per share, versus $178.3 million, or $1.78 per share.
Fiscal 2026 NFEPS guidance rose to $3.48-$3.63 from $3.28-$3.43, following a $0.25 increase announced in February 2026.
Energy Services Q2 NFE was $72.3 million versus $35.3 million; management will webcast results on May 5, 2026, at 10 a.m. ET.
New Jersey Resources reported first-quarter fiscal 2026 net income of $122.5 million ($1.22 per share), down from $131.3 million a year earlier, as the prior-year period included a gain on the sale of Clean Energy Ventures' residential solar assets. The company raised its fiscal 2026 net financial earnings per share guidance to $3.28 to $3.43 from $3.03 to $3.18, a $0.25 increase, citing Energy Services performance in January 2026.
Q1 net income $122.5 million ($1.22 per share) vs. $131.3 million ($1.32) a year earlier; net financial earnings $118.2 million ($1.17 per share) vs. $128.9 million ($1.29)
Fiscal 2026 NFEPS guidance raised to $3.28 to $3.43 from $3.03 to $3.18; long-term 7% to 9% NFEPS growth target maintained
Total operating revenues rose to $604.9 million from $488.4 million; Energy Services NFE increased to $16.3 million from $7.8 million
Clean Energy Ventures NFE fell to $9.6 million from $48.1 million, mainly due to the November 2024 one-time gain on sale
At its January 21, 2026 annual meeting, New Jersey Resources shareowners approved the 2026 Stock Award and Incentive Plan, elected five directors to three-year terms expiring in 2029, approved a non-binding advisory vote on executive pay, and ratified Deloitte & Touche LLP as auditor. The board also appointed Christoper D'Antuono as Principal Accounting Officer, effective February 4, 2026, replacing Stephen Skrocki, who became Chief Risk Officer on January 1, 2026.
Shareowners approved the 2026 Stock Award and Incentive Plan: 73,715,472 for, 2,070,682 against, 280,161 abstaining.
Shareowners approved the non-binding executive compensation resolution: 73,477,564 for, 2,270,421 against, 318,330 abstaining.
Christoper D'Antuono becomes Principal Accounting Officer effective February 4, 2026, replacing Stephen Skrocki.
Shareowners ratified Deloitte & Touche LLP as auditor for the fiscal year ending September 30, 2026.
New Jersey Resources reported fiscal 2025 net financial earnings per share of $3.29, at the high end of its $3.20 to $3.30 guidance range, up from $2.95 a year earlier. Fourth-quarter results fell sharply, with net financial earnings of $16.2 million ($0.16 per share) versus $88.7 million ($0.89 per share), mainly due to lower Energy Services contributions. The company guided fiscal 2026 net financial earnings per share to $3.03 to $3.18.
Fiscal 2025 net income was $335.6 million ($3.35 per share), up from $289.8 million ($2.94 per share) in fiscal 2024.
Fourth-quarter fiscal 2025 net income was $15.1 million ($0.15 per share), down from $91.1 million ($0.92 per share) a year earlier.
Fiscal 2026 net financial earnings per share guidance is $3.03 to $3.18.
Management will host an earnings presentation via webcast on November 20, 2025, at 10:00 a.m. ET.
On November 4, 2025, New Jersey Resources' compensation committee approved its fiscal 2026 Officer Annual Incentive Plan and granted long-term equity awards to its named executive officers. The awards tie pay to net financial earnings, total shareholder return, and cumulative net financial earnings per share over fiscal 2026 through fiscal 2028.
Annual incentive awards are 50 percent based on fiscal 2026 net financial earnings, 30 percent on individual leadership, and 20 percent on Commitment to Stakeholders goals.
CEO target incentive is 110 percent of base salary; other named executive officers range from 40 to 60 percent.
Performance share units vest after a 36-month period ending September 30, 2028, with payouts from zero to 150 percent of the granted units.
New Jersey Resources expanded its board from eleven to twelve directors and elected Amy B. Mansue, president and CEO of Inspira Health Network, effective November 1, 2025. The filing describes this as a routine board addition with standard director compensation and no related-party transactions.
Board increased from eleven to twelve directors on September 10, 2025, and Amy B. Mansue was unanimously elected
Mansue's election takes effect November 1, 2025; she will stand for re-election at the next Annual Meeting of Shareowners
Compensation follows the Non-Employee Director Compensation Plan, as amended, filed as Exhibit 10.3 to the Form 10-K for fiscal year ended September 30, 2024
Mansue previously served as EVP and Chief Experience Officer at RWJBarnabas Health and is a director of Middlesex Water Company
New Jersey Natural Gas Company, a wholly owned subsidiary of New Jersey Resources, sold $200 million of senior notes to institutional investors under a Note Purchase Agreement dated August 21, 2025. The notes are secured by an equal amount of the subsidiary's First Mortgage Bonds, and the filing states that NJR itself will not be directly or contingently obligated on the notes.
Series A: $100 million at 5.16%, due August 21, 2035
Series B: $100 million at 5.85%, due August 21, 2055
Notes are secured ratably with NJNG's First Mortgage Bonds; NJR is not directly or contingently obligated
Proceeds are for general corporate purposes, including refinancing or retiring short-term debt and funding capital expenditures
New Jersey Resources reported a fiscal third-quarter GAAP net loss of $15.1 million, or $(0.15) per share, wider than the $11.6 million loss a year earlier. Its non-GAAP net financial earnings (NFE) turned positive at $6.2 million, or $0.06 per share, and the company raised the low end of its fiscal 2025 NFE per share guidance by $0.05, to $3.20 to $3.30.
Q3 GAAP net loss of $15.1 million, or $(0.15) per share, versus a net loss of $11.6 million, or $(0.12) per share, in Q3 fiscal 2024
Q3 net financial earnings of $6.2 million, or $0.06 per share, versus a net financial loss of $8.9 million, or $(0.09) per share, a year earlier
Fiscal 2025 NFE per share guidance low end raised $0.05, from $3.15 to $3.30 to $3.20 to $3.30
Q3 total operating revenues of $298.9 million, up from $275.6 million; nine-month net income of $320.6 million, or $3.20 per share
New Jersey Resources reported fiscal second-quarter 2025 net income of $204.3 million, or $2.04 per share, up from $120.8 million, or $1.23 per share, a year earlier. The company raised its fiscal 2025 net financial earnings per share (NFEPS) guidance by $0.10 to $3.15-$3.30, citing outperformance from Energy Services during the winter period, which raises the outlook for shareholders.
Q2 fiscal 2025 net income was $204.3 million ($2.04 per share), versus $120.8 million ($1.23 per share) in Q2 fiscal 2024.
Q2 fiscal 2025 net financial earnings (non-GAAP) were $178.3 million ($1.78 per share), versus $138.6 million ($1.41 per share).
Fiscal 2025 NFEPS guidance raised to $3.15-$3.30 from $3.05-$3.20; the 7 to 9 percent long-term growth target was maintained.
Management will present via live public webcast on May 6, 2025, at 10 a.m. ET.
New Jersey Resources increased its board from ten to eleven directors and elected William T. Yardley, chief executive officer of Portland Natural Gas Transmission System, as a director effective July 1, 2025. He will stand for re-election at the next annual meeting, and his compensation follows the company's standard non-employee director plan.
Board expanded from ten to eleven directors; Yardley elected unanimously by the board on April 16, 2025
Yardley's election is effective July 1, 2025; he will stand for re-election at the next Annual Meeting of Shareowners
Yardley previously was executive vice president and president of gas transmission and midstream at Enbridge, Inc.
Filing does not report any financial results or guidance
New Jersey Resources reported first-quarter fiscal 2025 net income of $131.3 million, or $1.32 per share, up from $89.4 million, or $0.91 per share, a year earlier. The gain was helped by a one-time $54.9 million pre-tax gain from the sale of its residential solar portfolio, and the company kept its fiscal 2025 net financial earnings per share guidance of $3.05 to $3.20.
Net income of $131.3 million, or $1.32 per share, versus $89.4 million, or $0.91 per share, in the prior-year quarter
Net financial earnings of $128.9 million, or $1.29 per share, versus $72.4 million, or $0.74 per share
Fiscal 2025 NFEPS guidance maintained at $3.05 to $3.20, which includes the one-time solar sale gain
Webcast presentation scheduled for February 4, 2025, at 10 a.m. ET
New Jersey Resources reported fiscal 2024 net income of $289.8 million, or $2.94 per share, up from $2.73 per share a year earlier, with net financial earnings per share of $2.95 at the higher end of its guidance range. It introduced fiscal 2025 guidance of $3.05 to $3.20 per share, which it said is above its long-term growth target because of a one-time gain from the $132.5 million sale of its residential solar portfolio, closed November 25, 2024. Fiscal 2024 operating revenues fell to $1.8 billion from $2.0 billion, and the company raised its fiscal 2025 dividend 7.1 percent to $1.80 per share.
Fiscal 2024 net income was $289.8 million, or $2.94 per share, compared with $264.7 million, or $2.73 per share, in fiscal 2023.
Fiscal 2024 net financial earnings were $290.8 million, or $2.95 per share, at the higher end of guidance raised in February 2024.
Fiscal 2025 net financial earnings per share guidance is $3.05 to $3.20; the dividend rises 7.1 percent to $1.80 per share.
The residential solar portfolio sale closed November 25, 2024 for approximately $132.5 million, subject to adjustments; the company expects a gain in fiscal 2025.
New Jersey Resources sold $100 million of 5.55% Senior Notes due November 7, 2034, to institutional investors on November 7, 2024. The notes are unsecured, guaranteed by certain unregulated subsidiaries, and proceeds are for general corporate purposes including possible acquisitions and debt repayment. The filing also reports the board committee's fiscal 2025 incentive and equity award structure for named executive officers, tied to net financial earnings and total shareholder return.
$100 million of 5.55% Senior Notes, Series 2024A, due November 7, 2034, sold in a private placement
Note Purchase Agreement limits consolidated total debt to 70% of total capitalization and priority debt to 20%
Fiscal 2025 Officer Annual Incentive Plan approved November 6, 2024; CEO target is 110% of base salary, other NEOs 40% to 60%
Performance share units vest over October 1, 2024 to September 30, 2027, payable from zero to 150% of granted units
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