New Jersey Resources Corporation (NJR)

43.38 -0.32 (-0.73%) As of 11:59AM EDT. Market open.

New Jersey Resources Corporation

1415 Wyckoff Road
Wall, NJ 07719
United States
732 938 1000
https://www.njresources.com

Sector(s): Utilities
Industry: Utilities - Regulated Gas
Full-time employees: 1,350

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Stephen D. Westhoven	President, CEO & Director	2.4M	N/A	1968
Mr. Roberto F. Bel	Senior VP, CFO & Principal Financial Officer	736.39k	N/A	1973
Ms. Lori DelGiudice	Senior Vice President of Human Resources	577k	N/A	1975
Mr. Patrick J. Migliaccio	Senior VP & COO of New Jersey Natural Gas	915.35k	N/A	1974
Ms. Amy Cradic	Senior VP and COO of Non-Utility Businesses, Strategy & External Affairs	793.15k	N/A	1972
Mr. Stephen M. Skrocki	Principal Accounting Officer & Corporate Controller	N/A	N/A	1976
Ms. Jacqueline K. Shea	Senior VP & Chief Information Officer	N/A	N/A	1964
Mr. Adam Prior	Director of Investor Relations	N/A	N/A	N/A
Mr. Richard Reich	Senior VP & General Counsel	640.22k	N/A	1974
Mr. David Johnson	Vice President of Corporate Business Development	N/A	N/A	1969

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 576,000 customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates clean energy projects, including commercial and residential solar installation situated in New Jersey, Rhode Island, New York, Connecticut, Michigan, and Indiana. The Energy Services segment maintains and operates natural gas transportation and storage capacity contracts, as well as provides physical wholesale energy, retail energy and energy management services in the United States and Canada. The Storage and Transportation segment invests in invests in energy-related ventures. It provides heating, ventilation, and cooling services; sales and installation of appliances; offers solar equipment installation, and plumbing repair and installation services; and holds commercial real estate properties. The company was incorporated in 1981 and is headquartered in Wall, New Jersey.

Corporate governance

New Jersey Resources Corporation’s ISS governance QualityScore as of 1 April 2024 is 1. The pillar scores are Audit: 3; Board: 1; Shareholder rights: 6; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.