---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-005775"
form_type: "8-K"
ticker: "NJR"
cik: "0000356309"
company_name: "NEW JERSEY RESOURCES CORP"
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T08:39:45.281769+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NJR Q1 NFE falls to $72.4M ($0.74/share) YoY; raises FY2024 guidance to $2.85-$3.00

## Summary
- Consolidated net income of $89.4M ($0.91 EPS) vs $115.9M ($1.20 EPS) in Q1 FY23.
- Net financial earnings (NFE) of $72.4M, down 34% from $110.3M; Energy Services NFE fell to $7.8M from $52.5M due to lack of Winter Storm Elliott benefit.
- FY2024 NFEPS guidance raised by $0.15 to $2.85-$3.00, citing strong January Energy Services performance; long-term growth rate of 7-9% maintained.
- NJNG filed rate case seeking $222.6M delivery rate increase and $482.4M SAVEGREEN energy-efficiency program with NJ BPU.
- Clean Energy Ventures posted NFE of $10.5M vs a loss of $3.6M in the prior-year quarter.

## SEC filing metadata
- accession: 0001140361-24-005775
- form_type: 8-K
- ticker: NJR
- cik: 0000356309
- company_name: NEW JERSEY RESOURCES CORP
- filed_at: 2024-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/356309/000114036124005775/0001140361-24-005775-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/356309/000114036124005775/ef20020614_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-005775
- JSON: https://secwatch.observer/filing/0001140361-24-005775.json
- Plain text: https://secwatch.observer/filing/0001140361-24-005775.txt

## Key facts
- Earnings Releases
  NEW JERSEY RESOURCES CORP reported first quarter of fiscal 2024 results: net income $89.4 million, EPS $0.91 per share. Guidance raised.
  - Period: first quarter of fiscal 2024
  - Net income: $89.4 million
  - EPS: $0.91 per share
  - Guidance: raised
  - Result: reported results
  source text: On February 6, 2024, New Jersey Resources Corporation (“NJR”) issued a press release reporting financial results for the first fiscal quarter ended December 31, 2023 (the “Press Release”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/356309/000114036124005775/0001140361-24-005775-index.htm

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