NJR Earnings Reports

New Jersey Resources reported a consolidated net loss of $(15.1) million, or $(0.15) per share, in the third quarter of fiscal 2025. Despite the net loss, the company achieved consolidated net financial earnings (NFE) of $6.2 million, or $0.06 per share, a significant improvement compared to a net financial loss in the prior year. The company also raised the lower end of its fiscal 2025 net financial earnings per share (NFEPS) guidance, reflecting confidence in its diversified business model and operational resilience.

New Jersey Resources reported a significant increase in net income and net financial earnings for the second quarter of fiscal 2025, primarily driven by strong performance in the Natural Gas Distribution segment due to a base rate case settlement and outperformance in the Energy Services segment due to natural gas price volatility.

New Jersey Resources reported a strong start to fiscal year 2025, with increased net income and net financial earnings compared to the previous year, driven by new base rates at NJNG and a gain on sale of assets from CEV's residential solar portfolio.

New Jersey Resources reported a strong fourth quarter with net income of $91.1 million, or $0.92 per share, and NFE of $88.7 million, or $0.89 per share. The increase was largely due to higher operating revenue at Energy Services as a result of the Asset Management Agreements (AMAs) signed in December 2020. The company maintains a 7 to 9 percent long-term NFEPS growth target.

New Jersey Resources Corporation reported a consolidated net loss of $(11.6) million for the third quarter of fiscal 2024, compared to a net income of $1.5 million in the same quarter of the previous year. The company reaffirmed its fiscal 2024 net financial earnings per share (NFEPS) guidance range of $2.85 to $3.00.

New Jersey Resources reported a strong second quarter with consolidated net income of $120.8 million and net financial earnings of $138.6 million, or $1.41 per share. The company re-affirmed its fiscal 2024 net financial earnings per share guidance range of $2.85 to $3.00.

New Jersey Resources reported a decrease in consolidated net income to $89.4 million and a decrease in consolidated net financial earnings (NFE) to $72.4 million, or $0.74 per share, compared to the previous year. However, the company increased its fiscal 2024 net financial earnings per share (NFEPS) guidance range to $2.85 to $3.00 due to strong performance from Energy Services.

NJR reported a decrease in net income for the fourth quarter of fiscal year 2023, with earnings of $37.0 million, or $0.38 per share, compared to $54.5 million, or $0.57 per share, in the same period of fiscal year 2022. The company's NFE also decreased to $29.6 million, or $0.30 per share, from $47.9 million, or $0.50 per share, in the prior year. However, fiscal year 2023 showed solid contributions from a diversified business portfolio.

New Jersey Resources Corporation reported a decrease in net income but an increase in net financial earnings for the third quarter of fiscal 2023. The company reaffirmed its fiscal 2023 net financial earnings per share guidance range and maintains its long-term projected NFEPS growth rate.

New Jersey Resources reported a net income of $110.2 million for the second quarter of fiscal 2023, compared to $96.0 million in the same period of fiscal 2022. The company's net financial earnings (NFE) were $112.3 million, or $1.16 per share, compared to $130.2 million, or $1.36 per share, in the second quarter of fiscal 2022. NJR re-affirmed its fiscal 2023 NFEPS guidance range of $2.62 to $2.72.

New Jersey Resources reported a strong first quarter of fiscal 2023, with net income of $115.9 million and net financial earnings (NFE) of $110.3 million, or $1.14 per share. The company raised its fiscal 2023 NFEPS guidance to a range of $2.62 to $2.72, driven by an exceptional quarter from Energy Services and favorable contributions from New Jersey Natural Gas (NJNG) and Storage and Transportation.

New Jersey Resources reported a net income of $54.5 million, or $0.57 per share, for the fourth quarter of fiscal 2022, compared to a net loss of $(1.1) million, or $(0.01) per share, in the same period of fiscal 2021. The company's NFE totaled $47.9 million, or $0.50 per share, compared to NFE of $6.6 million, or $0.07 per share, in the same period of fiscal 2021. Fiscal 2022 NFE guidance was introduced with a range of $2.42 to $2.52.

New Jersey Resources reported a consolidated net income of $13.1 million for the third quarter of fiscal 2022, a significant improvement compared to the net loss of $(111.8) million in the same quarter of the previous year. The company's performance was driven by strong results at New Jersey Natural Gas Company (NJNG), higher financial margin at Energy Services, and increased wholesale electricity revenue at Clean Energy Ventures (CEV). As a result, NJR increased its fiscal 2022 net financial earnings per share (NFEPS) guidance range to $2.40 to $2.50.

NJR reported a decrease in consolidated net income and net financial earnings compared to the same quarter in fiscal 2021, but increased its fiscal 2022 net financial earnings per share guidance due to better than expected performance from Energy Services.

New Jersey Resources reported a consolidated net income of $111.3 million and a non-GAAP net financial earnings of $65.8 million, or $0.69 per share, for the first quarter of fiscal 2022. The company reaffirmed its fiscal 2022 net financial earnings per share guidance range of $2.20 to $2.30.

New Jersey Resources reported a net loss of $1.1 million, or $(0.01) per share, for the fourth quarter of fiscal 2021, compared to a net income of $32.7 million, or $0.34 per share, for the same period in fiscal 2020. However, fiscal year 2021 net income totaled $117.9 million, exceeding expectations. The company reaffirmed its fiscal 2022 NFE guidance and narrowed its long-term projected NFEPS growth rate.

New Jersey Resources reported a net loss of $(111.8) million, or $(1.16) per share, for the third quarter of fiscal 2021, compared to a net loss of $(19.3) million, or $(0.20) per share, in the same period of fiscal 2020. The company increased its fiscal 2021 NFEPS guidance to a range of $2.10 to $2.20 per share.

New Jersey Resources reported a strong second quarter, with net income reaching $149.8 million, or $1.56 per share, compared to $73.8 million, or $0.78 per share, in the same period of fiscal 2020. The company's performance was driven by Energy Services and led to an increase in the fiscal 2021 NFE guidance.

New Jersey Resources reported a strong first quarter with net income of $81.0 million, or $0.84 per share, compared to $75.8 million, or $0.82 per share, in the same period of fiscal 2020. NFE totaled $44.7 million, or $0.46 per share, compared to $34.9 million, or $0.38 per share, in the same period of fiscal 2020.

New Jersey Resources reported a solid fourth quarter and fiscal year 2020, achieving NFE in line with guidance. The company's performance was driven by its diversified portfolio of energy infrastructure investments and commitment to safe, reliable, and clean energy.

New Jersey Resources reported a consolidated net loss of $(27.2) million for the third quarter of fiscal 2020, compared to a loss of $(8.4) million in the same period of fiscal 2019. The company reaffirmed its net financial earnings (NFE) guidance of $2.05 to $2.15 per share for fiscal 2020, but expects to be toward the lower-end of the guidance range.

New Jersey Resources reported a net income of $88.5 million, or $0.93 per share, for the second quarter of fiscal 2020, compared to $73.6 million, or $0.83 per share, for the same period in fiscal 2019. The company reaffirmed its fiscal 2020 NFE guidance range of $2.05 to $2.15 per share.

New Jersey Resources reported consolidated net income of $89.4 million, compared to $86.2 million in the first quarter of fiscal 2019. The company reaffirmed its NFE guidance of $2.05 to $2.15 for fiscal year 2020.