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Mar 31, 2022
NJR Q2 2022 Earnings Report
NJR reported second-quarter results for fiscal year 2022 and increased net financial earnings guidance for fiscal year 2022.
Key Takeaways
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.
Consolidated net income was $96.0 million, compared to $149.8 million in the second quarter of fiscal 2021.
Consolidated net financial earnings (NFE) were $130.2 million, or $1.36 per share, compared to $170.6 million, or $1.77 per share, in the second quarter of fiscal 2021.
Fiscal 2022 net financial earnings per share (NFEPS) guidance range increased to $2.30 to $2.40 from the previously announced range of $2.20 to $2.30.
Adelphia Gateway is now flowing gas to its South Zone, allowing for at least one large industrial customer in the Philadelphia metro area to replace coal power generation with natural gas.
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.comHome Services and Other Revenue
CapyFin.com Forward Guidance
NJR increased fiscal 2022 NFE guidance to $2.30 to $2.40 per share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income