New Jersey Resources Corporation

NYSE:NJR Stock Report

Market Cap: US$4.0b

New Jersey Resources Management

Management criteria checks 3/4

New Jersey Resources' CEO is Steve Westhoven, appointed in Oct 2018, has a tenure of 5.33 years. total yearly compensation is $5.79M, comprised of 16.2% salary and 83.8% bonuses, including company stock and options. directly owns 0.22% of the company’s shares, worth $8.94M. The average tenure of the management team and the board of directors is 2.8 years and 5.1 years respectively.

Key information

Steve Westhoven

Chief executive officer

US$5.8m

Total compensation

CEO salary percentage16.2%
CEO tenure5.3yrs
CEO ownership0.2%
Management average tenure2.8yrs
Board average tenure5.1yrs

Recent management updates

Recent updates

New Jersey Resources Corporation: Fantastic Dividend Payer Likely To Stay That Way

Feb 15

Results: New Jersey Resources Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts

Feb 09
Results: New Jersey Resources Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts

Broker Revenue Forecasts For New Jersey Resources Corporation (NYSE:NJR) Are Surging Higher

Jan 25
Broker Revenue Forecasts For New Jersey Resources Corporation (NYSE:NJR) Are Surging Higher

Return Trends At New Jersey Resources (NYSE:NJR) Aren't Appealing

Dec 24
Return Trends At New Jersey Resources (NYSE:NJR) Aren't Appealing

New Jersey Resources: Waiting For That Valuation "HOLD"

Nov 03

Is New Jersey Resources (NYSE:NJR) A Risky Investment?

Oct 10
Is New Jersey Resources (NYSE:NJR) A Risky Investment?

A Look At The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)

Sep 27
A Look At The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)

New Jersey Resources (NYSE:NJR) Is Increasing Its Dividend To $0.42

Sep 12
New Jersey Resources (NYSE:NJR) Is Increasing Its Dividend To $0.42

New Jersey Resources (NYSE:NJR) Is Paying Out A Dividend Of $0.39

Aug 29
New Jersey Resources (NYSE:NJR) Is Paying Out A Dividend Of $0.39

New Jersey Resources Corporation: Solid Business But Pricey

Aug 23

New Jersey Resources: Rate Base Expansion Key To Sustained Dividend

Aug 16

New Jersey Resources (NYSE:NJR) Has Affirmed Its Dividend Of $0.39

Aug 13
New Jersey Resources (NYSE:NJR) Has Affirmed Its Dividend Of $0.39

If EPS Growth Is Important To You, New Jersey Resources (NYSE:NJR) Presents An Opportunity

Jul 29
If EPS Growth Is Important To You, New Jersey Resources (NYSE:NJR) Presents An Opportunity

We Think New Jersey Resources (NYSE:NJR) Is Taking Some Risk With Its Debt

Jun 27
We Think New Jersey Resources (NYSE:NJR) Is Taking Some Risk With Its Debt

New Jersey Resources Corporation's (NYSE:NJR) Intrinsic Value Is Potentially 25% Below Its Share Price

Jun 14
New Jersey Resources Corporation's (NYSE:NJR) Intrinsic Value Is Potentially 25% Below Its Share Price

New Jersey Resources (NYSE:NJR) Hasn't Managed To Accelerate Its Returns

May 31
New Jersey Resources (NYSE:NJR) Hasn't Managed To Accelerate Its Returns

New Jersey Resources: Distribution Growth Creating Margin Expansion

May 29

Here's Why New Jersey Resources (NYSE:NJR) Has Caught The Eye Of Investors

Apr 12
Here's Why New Jersey Resources (NYSE:NJR) Has Caught The Eye Of Investors

New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

Mar 29
New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

New Jersey Resources (NYSE:NJR) Is Looking To Continue Growing Its Returns On Capital

Feb 13
New Jersey Resources (NYSE:NJR) Is Looking To Continue Growing Its Returns On Capital

New Jersey Resources Q1 2023 Earnings Preview

Feb 01

New Jersey Resources declares $0.39 dividend

Jan 25

Is New Jersey Resources (NYSE:NJR) Using Too Much Debt?

Dec 26
Is New Jersey Resources (NYSE:NJR) Using Too Much Debt?

New Jersey Resources: A Compounder, But An Expensive One At This Time

Dec 13

Does New Jersey Resources (NYSE:NJR) Deserve A Spot On Your Watchlist?

Dec 09
Does New Jersey Resources (NYSE:NJR) Deserve A Spot On Your Watchlist?

News Flash: Analysts Just Made A Sizeable Upgrade To Their New Jersey Resources Corporation (NYSE:NJR) Forecasts

Nov 23
News Flash: Analysts Just Made A Sizeable Upgrade To Their New Jersey Resources Corporation (NYSE:NJR) Forecasts

Calculating The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)

Nov 17
Calculating The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)

New Jersey Resources Q4 2022 Earnings Preview

Nov 16

New Jersey Resources declares $0.39 dividend

Nov 10

New Jersey Resources: A Compounder With Some Downside Remaining

Sep 30

New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

Sep 27
New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

New Jersey Resources (NYSE:NJR) Has Announced A Dividend Of $0.3625

Sep 15
New Jersey Resources (NYSE:NJR) Has Announced A Dividend Of $0.3625

New Jersey Resources raises quarterly dividend by 7.6%

Sep 14

Here's What To Make Of New Jersey Resources' (NYSE:NJR) Decelerating Rates Of Return

Sep 13
Here's What To Make Of New Jersey Resources' (NYSE:NJR) Decelerating Rates Of Return

If EPS Growth Is Important To You, New Jersey Resources (NYSE:NJR) Presents An Opportunity

Aug 18
If EPS Growth Is Important To You, New Jersey Resources (NYSE:NJR) Presents An Opportunity

Estimating The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)

Aug 06
Estimating The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)

New Jersey Resources: Bad To Worse

Jul 12

New Jersey Resources (NYSE:NJR) Seems To Be Using A Lot Of Debt

May 26
New Jersey Resources (NYSE:NJR) Seems To Be Using A Lot Of Debt

Returns At New Jersey Resources (NYSE:NJR) Appear To Be Weighed Down

May 12
Returns At New Jersey Resources (NYSE:NJR) Appear To Be Weighed Down

Estimating The Fair Value Of New Jersey Resources Corporation (NYSE:NJR)

Apr 29
Estimating The Fair Value Of New Jersey Resources Corporation (NYSE:NJR)

New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

Feb 25
New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

New Jersey Resources (NYSE:NJR) Shareholders Will Want The ROCE Trajectory To Continue

Feb 10
New Jersey Resources (NYSE:NJR) Shareholders Will Want The ROCE Trajectory To Continue

CEO Compensation Analysis

How has Steve Westhoven's remuneration changed compared to New Jersey Resources's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

US$238m

Sep 30 2023US$6mUS$938k

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

Jun 30 2018n/an/a

US$213m

Mar 31 2018n/an/a

US$246m

Dec 31 2017n/an/a

US$221m

Sep 30 2017US$1mUS$363k

US$132m

Compensation vs Market: Steve's total compensation ($USD5.79M) is about average for companies of similar size in the US market ($USD6.32M).

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


CEO

Steve Westhoven (55 yo)

5.3yrs

Tenure

US$5,792,680

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
President5.3yrsUS$5.79m0.22%
$ 8.9m
Roberto Bel
Senior VP2.1yrsUS$1.20m0.012%
$ 480.3k
Lori DelGiudice
Senior Vice President of Human Resources1.3yrsUS$1.28m0.0023%
$ 90.8k
Patrick Migliaccio
Senior VP & COO of New Jersey Natural Gas2.1yrsUS$1.57m0.028%
$ 1.1m
Amy Cradic
Senior VP and COO of Non-Utility Businesses3.9yrsUS$1.30m0.023%
$ 924.9k
Stephen Skrocki
Principal Accounting Officer & Corporate Controller3.1yrsno data0.00051%
$ 20.5k
Jacqueline Shea
Senior VP & Chief Information Officer7.7yrsno data0.031%
$ 1.2m
Adam Prior
Director of Investor Relationsno datano datano data
Richard Reich
Senior VP & General Counsel2.8yrsUS$1.11m0.024%
$ 972.8k
David Johnson
Vice President of Corporate Business Development3.9yrsno datano data
Marissa Travaline
Vice President of Customer Serviceless than a yearno datano data
Mark Kahrer
Senior VP of Regulatory Affairs - New Jersey Natural Gas2.4yrsno datano data

2.8yrs

Average Tenure

50yo

Average Age

Experienced Management: NJR's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Stephen Westhoven
President5.4yrsUS$5.79m0.22%
$ 8.9m
Donald Correll
Independent Chairman15.8yrsUS$338.06k0.0073%
$ 293.4k
James DeGraffenreidt
Independent Director4.3yrsUS$238.06k0.017%
$ 689.4k
Thomas O'Connor
Independent Director6.8yrsUS$229.06k0.0026%
$ 105.7k
Sharon Taylor
Independent Director11.3yrsUS$268.41k0.027%
$ 1.1m
M. Hardwick
Independent Director3.4yrsUS$231.06k0.0090%
$ 361.8k
Peter Harvey
Independent Directorless than a yearno data0.00054%
$ 21.7k
Michael O'Sullivan
Independent Director1.3yrsno data0.0031%
$ 125.8k
Jane Kenny
Independent Director17.4yrsUS$238.46k0.032%
$ 1.3m
Gregory Aliff
Independent Director4.8yrsUS$244.06k0.0026%
$ 105.7k

5.1yrs

Average Tenure

68yo

Average Age

Experienced Board: NJR's board of directors are considered experienced (5.1 years average tenure).


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