8-K
filed November 21, 2023, 6:59 PM ET
ticker NJR
CIK 0000356309
earnings
confidence high
sentiment positive
materiality 0.75
NJR reports fiscal 2023 NFE $2.70/share, introduces FY2024 guidance $2.70-$2.85, raises dividend 7.7%
NEW JERSEY RESOURCES CORP
2023-FY EPS reported
$2.71
revenue$1,111,520,000
- Fiscal 2023 NFE $261.8M ($2.70/share) vs. $240.3M ($2.50); net income $264.7M vs. $274.9M.
- Fiscal 2024 NFEPS guidance $2.70–$2.85; long-term NFEPS growth rate reaffirmed at 7–9%.
- Quarterly dividend increased 7.7% to $1.68/share annualized.
- Energy Services segment NFE surged to $68.5M from $39.1M, benefiting from Winter Storm Elliott.
- Clean Energy Ventures NFE rose to $44.5M; NJNG NFE declined to $131.4M from $140.1M.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
NEW JERSEY RESOURCES CORP reported the fourth fiscal quarter and fiscal year ended September 30, 2023 results: net income $264.7 million, EPS $2.73 per share. Guidance initiated.
- Period
- the fourth fiscal quarter and fiscal year ended September 30, 2023
- Net income
- $264.7 million
- EPS
- $2.73 per share
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
On November 21, 2023, New Jersey Resources Corporation (the “Company”) issued a press release reporting financial results for the fourth fiscal quarter and fiscal year ended September 30, 2023 (the “Earnings Release”).
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
NEW JERSEY RESOURCES CORP reported fiscal 2023 results: net income $264.7 million, EPS $2.73 per share. Guidance initiated.
- Period
- fiscal 2023
- Net income
- $264.7 million
- EPS
- $2.73 per share
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Consolidated net income of $264.7 million for fiscal 2023 , compared with net income of $274.9 million in fiscal 2022
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
NEW JERSEY RESOURCES CORP reported Fourth-quarter fiscal 2023 results: net income $37.0 million, EPS $0.38 per share. Guidance initiated.
- Period
- Fourth-quarter fiscal 2023
- Net income
- $37.0 million
- EPS
- $0.38 per share
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Fourth -quarter fiscal 2023 net income totaled $37.0 million , or $0.38 per share, compared with net income of $54.5 million , or $0.57 per share, during the same period in fiscal 2022 .
View on SEC.gov
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