NJR Q2 fiscal 2022 NFE down 24% YoY to $1.36/share; raises FY22 NFE guidance to $2.30-$2.40

NEW JERSEY RESOURCES CORP

2022-Q2 EPS reported $2.15 revenue$716,733,000

Consolidated net income $96.0M ($1.00 EPS) vs $149.8M ($1.56 EPS) in Q2 fiscal 2021.
Net financial earnings (NFE) $130.2M ($1.36/share) vs $170.6M ($1.77/share); prior year benefited from extreme weather.
Energy Services NFE fell to $29.9M from $96.5M; NJNG utility NFE rose to $102.8M from $80.5M.
Increased fiscal 2022 NFEPS guidance to $2.30-$2.40 from prior $2.20-$2.30.
Adelphia Gateway South Zone now flowing gas; enables industrial coal-to-gas switch in Philadelphia area.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.