secwatch.observer — SEC 8-K summary
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Issuer:     NEW JERSEY RESOURCES CORP (NJR)
CIK:        0000356309
Form:       8-K
Filed at:   2025-02-03T23:59:59+00:00
Accession:  0001140361-25-002887
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/356309/000114036125002887/0001140361-25-002887-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/356309/000114036125002887/ef20042625_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-002887

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer