NJR Q2 NFEPS $1.41 beats $1.16 YoY; reaffirms FY24 guidance $2.85-$3.00

NEW JERSEY RESOURCES CORP

2024-Q2 EPS reported $2.13 revenue$754,363,000

Net income $120.8M ($1.23 EPS) vs $110.2M ($1.14) in Q2 fiscal 2023.
Net financial earnings $138.6M ($1.41/share) vs $112.3M ($1.16) YoY, up ~22%.
Reaffirmed fiscal 2024 NFEPS guidance $2.85-$3.00, raised $0.15 in Feb 2024.
NJNG filed rate case Jan 31, 2024 seeking $222.6M delivery rate increase.
Energy Services NFE jumped to $37.6M from $21.1M on natural gas volatility.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NEW JERSEY RESOURCES CORP reported second fiscal quarter ended March 31, 2024 results: net income $120.8 million, EPS $1.23. Guidance reaffirmed.

Period: second fiscal quarter ended March 31, 2024
Net income: $120.8 million
EPS: $1.23
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Consolidated net income of $120.8 million , compared with $110.2 million in the second quarter of fiscal 2023

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Source: SEC EDGAR

accession 0001140361-24-024629

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