NJR reports Q3 net loss of $11.6M; reaffirms FY2024 NFEPS guidance $2.85-$3.00

NEW JERSEY RESOURCES CORP

2024-Q3 EPS reported $2.00 revenue$964,255,000

Consolidated net loss $(11.6)M vs net income $1.5M in Q3 fiscal 2023.
Non-GAAP net financial loss $(8.9)M ($0.09/share) vs NFE $9.7M ($0.10/share) prior year.
Re-affirmed FY2024 NFEPS guidance $2.85-$3.00, increased $0.15 in Feb 2024.
NJNG filed rate case seeking $219.6M base rate increase with NJ BPU.
YTD net income $198.6M vs $227.7M; NFE $202.1M vs $232.3M.

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