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Dec 31, 2021
NJR Q1 2022 Earnings Report
Reported first-quarter fiscal 2022 results.
Key Takeaways
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.
Consolidated net income of $111.3 million for the three months ended December 31, 2021, compared with $81.0 million for the same period last year
Consolidated net financial earnings (NFE), a non-GAAP financial measure, of $65.8 million, or $0.69 per share for the three months ended December 31, 2021, compared with NFE of $44.7 million, or $0.46 per share, for the same period last year
Re-affirmed fiscal 2022 net financial earnings per share (NFEPS) guidance range of $2.20 to $2.30
NJNG received approval from the New Jersey Board of Public Utilities (BPU) on the settlement of its rate case, authorizing a $79.3 million increase to its base rates with new rates effective on December 1, 2021
Revenue by Segment
Forward Guidance
NJR reaffirmed fiscal 2022 NFE guidance of $2.20 to $2.30 per share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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