---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-004010"
form_type: "8-K"
ticker: "NJR"
cik: "0000356309"
company_name: "NEW JERSEY RESOURCES CORP"
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:51:11.520771+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-004010
- form_type: 8-K
- ticker: NJR
- cik: 0000356309
- company_name: NEW JERSEY RESOURCES CORP
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/356309/000114036123004010/0001140361-23-004010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/356309/000114036123004010/brhc10047273_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-004010
- JSON: https://secwatch.observer/filing/0001140361-23-004010.json
- Plain text: https://secwatch.observer/filing/0001140361-23-004010.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/356309/000114036123004010/0001140361-23-004010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.