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New Jersey Resources Named Member of Forbes Platinum 400; Fourth Consecutive Year Company Joins Distinguished Group
WALL, N.J.--(BUSINESS WIRE)--Jan. 11, 2006--New Jersey Resources (NYSE: NJR) was recently named a member of the Forbes Platinum 400, the annual list of America's Best Big Companies, published by Forbes magazine. This is the fourth consecutive year the company has been placed on the list, due to its strong financial performance.
"We are grateful to be recognized again by Forbes for our company's growth and consistent financial performance," said Laurence M. Downes, chairman and CEO of New Jersey Resources. "This recognition reaffirms NJR's place as an industry leader and record of consistent performance."
Each year, Forbes magazine searches 26 industries for companies who stand out above their peers in several areas. To be considered for the list, a company must have revenue of more than $1 billion and rank in the upper half of its industry group for sales and earnings growth, stock market returns and debt to total capital. The list also takes into consideration corporate governance, financial condition and earnings growth forecasts. Once again, NJR was the only New Jersey-based utility among the 400 companies to make the list.
In six of the last seven years, the companies listed in the Forbes Platinum 400 have outperformed the stock market in the 12 months following the list's announcement. A list of all 400 companies can be found online at www.forbes.com.
New Jersey Resources (NYSE:NJR), a Fortune 1000 company and a member of the Forbes Platinum 400, provides reliable retail and wholesale energy services to customers in New Jersey and in states from the Gulf Coast to New England, and Canada. Its principal subsidiary, New Jersey Natural Gas, is one of the fastest-growing local distribution companies in the United States, serving more than 462,000 customers in central and northern New Jersey. Other major NJR subsidiaries include NJR Energy Services and NJR Home Services. NJR Energy Services is a leader in the unregulated energy services market, providing customer service and management of natural gas storage and capacity assets. NJR Home Services offers retail customers heating, air conditioning and appliance services. NJR's progress is a tribute to the more than 5,000 dedicated employees who have shared their expertise and focus on quality through more than 50 years of serving customers and the community to make NJR a leader in the competitive energy marketplace. For more information, visit NJR's Web site at njliving.com.
New Jersey Resources Named Member of Forbes Platinum 400; Fourth Consecutive Year Company Joins Distinguished Group
WALL, N.J.--(BUSINESS WIRE)--Jan. 11, 2006--New Jersey Resources (NYSE: NJR) was recently named a member of the Forbes Platinum 400, the annual list of America's Best Big Companies, published by Forbes magazine. This is the fourth consecutive year the company has been placed on the list, due to its strong financial performance.
"We are grateful to be recognized again by Forbes for our company's growth and consistent financial performance," said Laurence M. Downes, chairman and CEO of New Jersey Resources. "This recognition reaffirms NJR's place as an industry leader and record of consistent performance."
Each year, Forbes magazine searches 26 industries for companies who stand out above their peers in several areas. To be considered for the list, a company must have revenue of more than $1 billion and rank in the upper half of its industry group for sales and earnings growth, stock market returns and debt to total capital. The list also takes into consideration corporate governance, financial condition and earnings growth forecasts. Once again, NJR was the only New Jersey-based utility among the 400 companies to make the list.
In six of the last seven years, the companies listed in the Forbes Platinum 400 have outperformed the stock market in the 12 months following the list's announcement. A list of all 400 companies can be found online at www.forbes.com.
New Jersey Resources (NYSE:NJR), a Fortune 1000 company and a member of the Forbes Platinum 400, provides reliable retail and wholesale energy services to customers in New Jersey and in states from the Gulf Coast to New England, and Canada. Its principal subsidiary, New Jersey Natural Gas, is one of the fastest-growing local distribution companies in the United States, serving more than 462,000 customers in central and northern New Jersey. Other major NJR subsidiaries include NJR Energy Services and NJR Home Services. NJR Energy Services is a leader in the unregulated energy services market, providing customer service and management of natural gas storage and capacity assets. NJR Home Services offers retail customers heating, air conditioning and appliance services. NJR's progress is a tribute to the more than 5,000 dedicated employees who have shared their expertise and focus on quality through more than 50 years of serving customers and the community to make NJR a leader in the competitive energy marketplace. For more information, visit NJR's Web site at njliving.com.
posted by Jones Lang LaSalle NJ News Blog at 10:13 AM
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