---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-054123"
form_type: "8-K"
ticker: "NJR"
cik: "0000356309"
company_name: "NEW JERSEY RESOURCES CORP"
filed_at: "2023-11-21T23:59:59+00:00"
generated_at: "2026-06-07T22:56:44.873256+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NJR reports fiscal 2023 NFE $2.70/share, introduces FY2024 guidance $2.70-$2.85, raises dividend 7.7%

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-054123
- form_type: 8-K
- ticker: NJR
- cik: 0000356309
- company_name: NEW JERSEY RESOURCES CORP
- filed_at: 2023-11-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/356309/000114036123054123/0001140361-23-054123-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/356309/000114036123054123/ef20014922_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-054123
- JSON: https://secwatch.observer/filing/0001140361-23-054123.json
- Plain text: https://secwatch.observer/filing/0001140361-23-054123.txt

## Key facts
- Earnings Releases
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/356309/000114036123054123/0001140361-23-054123-index.htm
- Earnings Releases
  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
  source text: Consolidated net income of $264.7 million for fiscal 2023 , compared with net income of $274.9 million in fiscal 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/356309/000114036123054123/0001140361-23-054123-index.htm
- Earnings Releases
  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
  source text: 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 .
  evidence_url: https://www.sec.gov/Archives/edgar/data/356309/000114036123054123/0001140361-23-054123-index.htm

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