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Mar 31, 2023
NJR Q2 2023 Earnings Report
NJR reported solid results in the second quarter of fiscal year 2023 and re-affirmed its NFEPS guidance.
Key Takeaways
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.
Consolidated net income reached $110.2 million, up from $96.0 million in Q2 2022.
Net Financial Earnings (NFE) were $112.3 million, or $1.16 per share, compared to $130.2 million, or $1.36 per share, in Q2 2022.
Fiscal 2023 NFEPS guidance range re-affirmed at $2.62 to $2.72.
Long-term projected NFEPS growth rate maintained at 7 to 9 percent.
Revenue by Segment
Forward Guidance
NJR re-affirmed its fiscal 2023 NFE guidance range of $2.62 to $2.72, which was increased by $0.20 per share in the first quarter of fiscal 2023, subject to risks and uncertainties.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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