---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-002887"
form_type: "8-K"
ticker: "NJR"
cik: "0000356309"
company_name: "NEW JERSEY RESOURCES CORP"
filed_at: "2025-02-03T23:59:59+00:00"
generated_at: "2026-05-27T04:15:01.776916+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NJR Q1 net income up 47% YoY to $1.32 EPS; base rate hike & solar sale boost results

## Summary
- Net income $131.3M ($1.32 EPS) vs $89.4M ($0.91) YoY; NFE $128.9M ($1.29) vs $72.4M ($0.74).
- NJNG received BPU approval for $157M annual base rate increase effective Nov 21, 2024.
- CEV sold 91 MW residential solar portfolio for $132.5M, driving segment NFE to $48.1M vs $10.5M prior year.
- Maintains fiscal 2025 NFEPS guidance $3.05-$3.20 and long-term 7-9% NFEPS growth target off $2.83 base.

## SEC filing metadata
- accession: 0001140361-25-002887
- form_type: 8-K
- ticker: NJR
- cik: 0000356309
- company_name: NEW JERSEY RESOURCES CORP
- filed_at: 2025-02-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/356309/000114036125002887/0001140361-25-002887-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/356309/000114036125002887/ef20042625_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-002887
- JSON: https://secwatch.observer/filing/0001140361-25-002887.json
- Plain text: https://secwatch.observer/filing/0001140361-25-002887.txt

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