secwatch.observer — SEC 8-K summary
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Issuer:     NEW JERSEY RESOURCES CORP (NJR)
CIK:        0000356309
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001140361-22-017721
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/356309/000114036122017721/0001140361-22-017721-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/356309/000114036122017721/brhc10037169_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-017721

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