New Jersey Resources Management
Management criteria checks 3/4
New Jersey Resources' CEO is Steve Westhoven, appointed in Oct 2018, has a tenure of 6.17 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 $9.49M. The average tenure of the management team and the board of directors is 3.6 years and 5.9 years respectively.
Key information
Steve Westhoven
Chief executive officer
US$7.2m
Total compensation
| CEO salary percentage | 13.4% |
| CEO tenure | 6.2yrs |
| CEO ownership | 0.2% |
| Management average tenure | 3.6yrs |
| Board average tenure | 5.9yrs |
Recent management updates
Recent updates
New Jersey Resources' (NYSE:NJR) Dividend Will Be $0.45
Dec 10
New Jersey Resources Corporation Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected
Nov 29New Jersey Resources (NYSE:NJR) Will Pay A Dividend Of $0.45
Nov 26New Jersey Resources Corporation's (NYSE:NJR) Popularity With Investors Is Clear
Nov 04New Jersey Resources: Still A Buy After Its Recent Dividend Hike
Oct 11Returns Are Gaining Momentum At New Jersey Resources (NYSE:NJR)
Sep 11Is New Jersey Resources (NYSE:NJR) Using Too Much Debt?
Aug 25Estimating The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)
Jul 29Getting In Cheap On New Jersey Resources Corporation (NYSE:NJR) Is Unlikely
Jul 15New Jersey Resources: This Dividend Champion Looks Like A Buy Right Now
Jul 10Returns On Capital Are Showing Encouraging Signs At New Jersey Resources (NYSE:NJR)
May 28New Jersey Resources Corporation Just Recorded A 7.5% EPS Beat: Here's What Analysts Are Forecasting Next
May 10Estimating The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)
Apr 26Investors Interested In New Jersey Resources Corporation's (NYSE:NJR) Earnings
Apr 11New Jersey Resources (NYSE:NJR) Has No Shortage Of Debt
Mar 26New Jersey Resources Corporation: Fantastic Dividend Payer Likely To Stay That Way
Feb 15Results: New Jersey Resources Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts
Feb 09Broker Revenue Forecasts For New Jersey Resources Corporation (NYSE:NJR) Are Surging Higher
Jan 25Return Trends At New Jersey Resources (NYSE:NJR) Aren't Appealing
Dec 24New Jersey Resources: Waiting For That Valuation "HOLD"
Nov 03Is New Jersey Resources (NYSE:NJR) A Risky Investment?
Oct 10A Look At The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)
Sep 27New Jersey Resources (NYSE:NJR) Is Increasing Its Dividend To $0.42
Sep 12New Jersey Resources (NYSE:NJR) Is Paying Out A Dividend Of $0.39
Aug 29New Jersey Resources Corporation: Solid Business But Pricey
Aug 23New Jersey Resources: Rate Base Expansion Key To Sustained Dividend
Aug 16New Jersey Resources (NYSE:NJR) Has Affirmed Its Dividend Of $0.39
Aug 13If EPS Growth Is Important To You, New Jersey Resources (NYSE:NJR) Presents An Opportunity
Jul 29We Think New Jersey Resources (NYSE:NJR) Is Taking Some Risk With Its Debt
Jun 27New Jersey Resources Corporation's (NYSE:NJR) Intrinsic Value Is Potentially 25% Below Its Share Price
Jun 14New Jersey Resources (NYSE:NJR) Hasn't Managed To Accelerate Its Returns
May 31New Jersey Resources: Distribution Growth Creating Margin Expansion
May 29Here's Why New Jersey Resources (NYSE:NJR) Has Caught The Eye Of Investors
Apr 12New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt
Mar 29New Jersey Resources (NYSE:NJR) Is Looking To Continue Growing Its Returns On Capital
Feb 13New Jersey Resources Q1 2023 Earnings Preview
Feb 01New Jersey Resources declares $0.39 dividend
Jan 25Is New Jersey Resources (NYSE:NJR) Using Too Much Debt?
Dec 26New Jersey Resources: A Compounder, But An Expensive One At This Time
Dec 13CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | US$7m | US$968k | US$290m |
| Jun 30 2024 | n/a | n/a | US$236m |
| Mar 31 2024 | n/a | n/a | US$249m |
| Dec 31 2023 | n/a | n/a | US$238m |
| Sep 30 2023 | US$6m | US$929k | US$265m |
| Jun 30 2023 | n/a | n/a | US$282m |
| Mar 31 2023 | n/a | n/a | US$294m |
| Dec 31 2022 | n/a | n/a | US$280m |
| Sep 30 2022 | US$5m | US$884k | US$275m |
| Jun 30 2022 | n/a | n/a | US$219m |
| Mar 31 2022 | n/a | n/a | US$94m |
| Dec 31 2021 | n/a | n/a | US$148m |
| Sep 30 2021 | US$5m | US$809k | US$118m |
| Jun 30 2021 | n/a | n/a | US$152m |
| Mar 31 2021 | n/a | n/a | US$244m |
| Dec 31 2020 | n/a | n/a | US$168m |
| Sep 30 2020 | US$4m | US$756k | US$163m |
| Jun 30 2020 | n/a | n/a | US$148m |
| Mar 31 2020 | n/a | n/a | US$159m |
| Dec 31 2019 | n/a | n/a | US$159m |
| Sep 30 2019 | US$3m | US$502k | US$124m |
| Jun 30 2019 | n/a | n/a | US$135m |
| Mar 31 2019 | n/a | n/a | US$129m |
| Dec 31 2018 | n/a | n/a | US$196m |
| Sep 30 2018 | US$2m | US$419k | US$233m |
Compensation vs Market: Steve's total compensation ($USD7.21M) is about average for companies of similar size in the US market ($USD6.60M).
Compensation vs Earnings: Steve's compensation has increased by more than 20% in the past year.
CEO
Steve Westhoven (56 yo)
6.2yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.2yrs | US$7.21m | 0.21% $ 9.5m | |
| Senior VP | 2.9yrs | US$1.28m | 0.026% $ 1.2m | |
| Senior VP & General Counsel | 3.6yrs | US$1.39m | 0.031% $ 1.4m | |
| Senior VP & COO of New Jersey Natural Gas | 2.9yrs | US$1.84m | 0.029% $ 1.3m | |
| Senior VP and COO of Non-Utility Businesses | 4.8yrs | US$1.36m | 0.033% $ 1.5m | |
| Principal Accounting Officer & Corporate Controller | 3.9yrs | no data | 0.0043% $ 192.5k | |
| Senior VP & Chief Information Officer | 8.5yrs | no data | 0.035% $ 1.6m | |
| Director of Investor Relations | no data | no data | no data | |
| Vice President of Corporate Business Development | 4.8yrs | no data | no data | |
| Vice President of Customer Service | 1.2yrs | no data | no data | |
| Senior Vice President of Human Resources | 2.1yrs | US$1.28m | 0.0054% $ 246.0k | |
| Senior Vice President of Regulatory Affairs - New Jersey Natural Gas | 3.3yrs | no data | no data |
3.6yrs
Average Tenure
52yo
Average Age
Experienced Management: NJR's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.3yrs | US$7.21m | 0.21% $ 9.5m | |
| Independent Chairman | 16.6yrs | US$348.06k | 0.0072% $ 326.1k | |
| Independent Director | 5.1yrs | US$242.06k | 0.017% $ 765.5k | |
| Independent Director | 7.6yrs | US$239.06k | 0.0026% $ 117.3k | |
| Independent Director | 12.1yrs | US$275.58k | 0.027% $ 1.2m | |
| Independent Director | 4.3yrs | US$241.06k | 0.0089% $ 401.8k | |
| Independent Director | 1.2yrs | US$233.52k | 0.00054% $ 24.5k | |
| Independent Director | 2.2yrs | US$242.06k | 0.0031% $ 139.5k | |
| Independent Director | 18.3yrs | US$248.26k | 0.023% $ 1.1m | |
| Independent Director | 5.6yrs | US$254.06k | 0.0026% $ 117.3k |
5.9yrs
Average Tenure
69yo
Average Age
Experienced Board: NJR's board of directors are considered experienced (5.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 05:34 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/09/30 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gary Hovis | Argus Research Company |
| Jim Harmon | Barclays |
| Richard Gross | Barclays |