secwatch.observer — SEC 8-K summary
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Issuer:     NEW JERSEY RESOURCES CORP (NJR)
CIK:        0000356309
Form:       8-K
Filed at:   2024-11-25T23:59:59+00:00
Accession:  0001140361-24-047766
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NJR reports FY2024 NFEPS $2.95 at high end of guidance; sells residential solar for $132.5M
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- Fiscal 2024 net income $289.8M ($2.94 EPS); NFEPS $2.95, at high end of raised guidance.
- Q4 net income $91.1M ($0.92 EPS) vs $37.0M ($0.38 EPS) YoY; NFE $88.7M ($0.89 EPS) vs $29.6M ($0.30 EPS).
- Fiscal 2025 NFEPS guidance $3.05-$3.20; dividend increased 7.1% to $1.80/share.
- Sold 91 MW residential solar portfolio to Spruce Power for $132.5M; expects gain in FY2025, proceeds for debt repayment.
- NJNG base rate case settlement authorized $157M increase; $385.6M energy efficiency program approved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/356309/000114036124047766/0001140361-24-047766-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/356309/000114036124047766/ef20039188_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-047766

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