New Jersey Resources Reports Fiscal 2025 First-Quarter Results
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New Jersey Resources Corporation (NYSE: NJR) reported its fiscal 2025 first-quarter results, highlighting a significant regulatory approval. New Jersey Natural Gas, a subsidiary, received approval for a $157 million annual increase in base rates from the New Jersey Board of Public Utilities.
February 03, 2025 | 9:45 pm
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New Jersey Resources Corporation reported its fiscal 2025 Q1 results, with a key highlight being the approval of a $157 million annual increase in base rates for its subsidiary, New Jersey Natural Gas, by the New Jersey Board of Public Utilities.
The approval of a $157 million annual increase in base rates is a significant positive development for New Jersey Resources, as it directly impacts revenue potential. This regulatory approval is likely to boost investor confidence and positively influence NJR's stock price in the short term.
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