NJR Q1 fiscal 2023 NFE $1.14/share vs $0.69 YoY; raises FY2023 guidance to $2.62-$2.72

NEW JERSEY RESOURCES CORP

2023-Q1 EPS reported $1.19 revenue$364,551,000

Consolidated net financial earnings (NFE) of $110.3M, or $1.14/share, up from $65.8M ($0.69/share) YoY.
Net income of $115.9M ($1.20 EPS) vs $111.3M ($1.16 EPS) in prior-year quarter.
Energy Services NFE surged to $52.5M from $17.6M, driven by Winter Storm Elliott performance.
Fiscal 2023 NFEPS guidance raised by $0.20 to a range of $2.62-$2.72; long-term 7-9% growth rate reaffirmed.
New Jersey Natural Gas NFE up to $54.7M from $51.1M; Storage & Transportation NFE $6.2M vs $3.0M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

NEW JERSEY RESOURCES CORP reported first fiscal quarter ended December 31, 2022 results: net income $115.9 million, EPS $1.20 per share. Guidance raised.

Period: first fiscal quarter ended December 31, 2022
Net income: $115.9 million
EPS: $1.20 per share
Guidance: raised
Result: reported results

Exact text from the filing

First -quarter fiscal 2023 net income totaled $115.9 million , or $1.20 per share, compared with net income of $111.3 million , or $1.16 per share, during the same period in fiscal 2022.

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Source: SEC EDGAR

accession 0001140361-23-004010

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