earnings
confidence high
sentiment neutral
materiality 0.70
NJR reports Q3 FY2023 net income $1.5M; NFE $0.10/share; reaffirms FY guidance $2.62-$2.72
NEW JERSEY RESOURCES CORP
2023-Q3 EPS reported
$2.33
revenue$948,299,000
- Q3 GAAP net income $1.5M ($0.02 EPS) vs $13.1M ($0.14 EPS) year ago.
- Net financial earnings (NFE) of $9.7M ($0.10 per share), improved from ($3.6M) loss in Q3 FY2022.
- Reaffirmed FY2023 NFE guidance $2.62-$2.72 per share; long-term NFEPS growth 7-9%.
- Clean Energy Ventures segment NFE $7.3M, reversing prior-year loss of ($5.1M).
- Year-to-date NFE $232.3M ($2.40 EPS) vs $192.4M ($2.00 EPS) in prior year.