Loading...
•
Mar 31, 2021
NJR Q2 2021 Earnings Report
Reported second-quarter fiscal 2021 results and increased net financial earnings guidance for fiscal 2021.
Key Takeaways
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.
Second-quarter fiscal 2021 net income totaled $149.8 million, or $1.56 per share.
Second-quarter fiscal 2021 NFE totaled $170.6 million, or $1.77 per share.
NJR increased fiscal 2021 NFE guidance to a range of $2.05 to $2.15 per share.
BGSS incentive programs contributed $2.1 million to utility gross margin in the second-quarter of fiscal 2021.
NJR
NJR
NJR Revenue by Segment
Revenue by Segment
Natural Gas Distribution Revenue
CapyFin.comClean Energy Ventures Revenue
CapyFin.comEnergy Services Revenue
CapyFin.comStorage and Transportation Revenue
CapyFin.com Forward Guidance
NJR increased fiscal 2021 NFE guidance to a range of $2.05 to $2.15 per share primarily driven by the performance of our Energy Services business during the February weather event. The March 15th guidance update included an estimate of potential bad debt exposure and our revised guidance reflects a refined estimate of our remaining exposure.
Revenue & Expenses
Visualization of income flow from segment revenue to net income