secwatch.observer — SEC 8-K summary
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Issuer:     NEW JERSEY RESOURCES CORP (NJR)
CIK:        0000356309
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001140361-24-005775
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/356309/000114036124005775/0001140361-24-005775-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/356309/000114036124005775/ef20020614_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-005775

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