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Jun 30, 2020
NJR Q3 2020 Earnings Report
NJR reported a consolidated net loss and reaffirmed its net financial earnings guidance for fiscal year 2020.
Key Takeaways
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.
Consolidated net loss of $(27.2) million, compared with a loss of $(8.4) million in the third quarter of fiscal 2019
Consolidated net financial loss, a non-GAAP financial measure, of $(5.8) million, or $(0.06) per share, compared with a loss of $(17.5) million, or $(0.20) per share, in the third quarter of fiscal 2019
Reaffirmed net financial earnings (NFE) guidance of $2.05 to $2.15 per share for fiscal 2020; expect to be toward the lower-end of the guidance range
NJR Clean Energy Ventures (CEV) acquired the NJ Oak solar facility
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NJR Revenue by Segment
Revenue by Segment
Natural Gas Distribution Revenue
CapyFin.com Forward Guidance
NJR reaffirmed fiscal 2020 NFE guidance range of $2.05 to $2.15 per share, subject to risks and uncertainties, but expects NFE to be toward the lower-end of the range.