New Jersey Resources Corporation

DB:NJ1 Stock Report

Market Cap: €4.6b

New Jersey Resources Management

Management criteria checks 2/4

New Jersey Resources' CEO is Steve Westhoven, appointed in Oct 2018, has a tenure of 6.25 years. total yearly compensation is $7.21M, comprised of 13.4% salary and 86.6% bonuses, including company stock and options. directly owns 0.21% of the company’s shares, worth €9.66M. The average tenure of the management team and the board of directors is 3.7 years and 6 years respectively.

Key information

Steve Westhoven

Chief executive officer

US$7.2m

Total compensation

CEO salary percentage13.4%
CEO tenure6.3yrs
CEO ownership0.2%
Management average tenure3.7yrs
Board average tenure6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Steve Westhoven's remuneration changed compared to New Jersey Resources's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024US$7mUS$968k

US$290m

Jun 30 2024n/an/a

US$236m

Mar 31 2024n/an/a

US$249m

Dec 31 2023n/an/a

US$238m

Sep 30 2023US$6mUS$929k

US$265m

Jun 30 2023n/an/a

US$282m

Mar 31 2023n/an/a

US$294m

Dec 31 2022n/an/a

US$280m

Sep 30 2022US$5mUS$884k

US$275m

Jun 30 2022n/an/a

US$219m

Mar 31 2022n/an/a

US$94m

Dec 31 2021n/an/a

US$148m

Sep 30 2021US$5mUS$809k

US$118m

Jun 30 2021n/an/a

US$152m

Mar 31 2021n/an/a

US$244m

Dec 31 2020n/an/a

US$168m

Sep 30 2020US$4mUS$756k

US$163m

Jun 30 2020n/an/a

US$148m

Mar 31 2020n/an/a

US$159m

Dec 31 2019n/an/a

US$159m

Sep 30 2019US$3mUS$502k

US$124m

Jun 30 2019n/an/a

US$135m

Mar 31 2019n/an/a

US$129m

Dec 31 2018n/an/a

US$196m

Sep 30 2018US$2mUS$419k

US$233m

Compensation vs Market: Steve's total compensation ($USD7.21M) is above average for companies of similar size in the German market ($USD2.07M).

Compensation vs Earnings: Steve's compensation has increased by more than 20% in the past year.

CEO

Steve Westhoven (56 yo)

6.3yrs

Tenure

US$7,208,109

Compensation

Mr. Stephen D. Westhoven, also known as Steve, is Chief Executive Officer and President of New Jersey Resources Corporation since October 1, 2019 and October 1, 2018 respectively and has been its Director...

Leadership Team

NamePositionTenureCompensationOwnership
Stephen Westhoven
President6.3yrsUS$7.21m0.21%
€ 9.7m
Roberto Bel
Senior VP3yrsUS$1.28m0.016%
€ 731.5k
Richard Reich
Senior VP & General Counsel3.7yrsUS$1.39m0.031%
€ 1.4m
Patrick Migliaccio
Senior VP & COO of New Jersey Natural Gas3yrsUS$1.84m0.024%
€ 1.1m
Amy Cradic
Senior VP and COO of Non-Utility Businesses4.8yrsUS$1.36m0.033%
€ 1.5m
Stephen Skrocki
Principal Accounting Officer & Corporate Controller4yrsno data0.0043%
€ 195.9k
Jacqueline Shea
Senior VP & Chief Information Officer8.6yrsno data0.035%
€ 1.6m
Adam Prior
Director of Investor Relationsno datano datano data
David Johnson
Vice President of Corporate Business Development4.8yrsno datano data
Marissa Travaline
Vice President of Customer Service1.3yrsno datano data
Lori DelGiudice
Senior Vice President of Human Resources2.2yrsUS$1.28m0.0054%
€ 250.3k
Mark Kahrer
Senior Vice President of Regulatory Affairs - New Jersey Natural Gas3.3yrsno datano data

3.7yrs

Average Tenure

52yo

Average Age

Experienced Management: NJ1's management team is considered experienced (3.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Stephen Westhoven
President6.3yrsUS$7.21m0.21%
€ 9.7m
Donald Correll
Independent Chairman16.7yrsUS$348.06k0.0080%
€ 369.7k
James DeGraffenreidt
Independent Director5.2yrsUS$242.06k0.020%
€ 928.8k
Thomas O'Connor
Independent Director7.7yrsUS$239.06k0.0032%
€ 148.4k
Sharon Taylor
Independent Director12.2yrsUS$275.58k0.033%
€ 1.5m
M. Hardwick
Independent Director4.3yrsUS$241.06k0.015%
€ 670.2k
Peter Harvey
Independent Director1.3yrsUS$233.52k0.00054%
€ 24.9k
Michael O'Sullivan
Independent Director2.3yrsUS$242.06k0.0063%
€ 291.8k
Jane Kenny
Independent Director18.3yrsUS$248.26k0.026%
€ 1.2m
Gregory Aliff
Independent Director5.7yrsUS$254.06k0.0032%
€ 148.4k

6.0yrs

Average Tenure

69yo

Average Age

Experienced Board: NJ1's board of directors are considered experienced (6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/31 09:59
End of Day Share Price 2025/01/31 00:00
Earnings2024/09/30
Annual Earnings2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

New Jersey Resources Corporation is covered by 19 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gary HovisArgus Research Company
Jim HarmonBarclays
Richard GrossBarclays