New Jersey Resources's (NJR) Outlook

Company Name, Ticker, Suppliers, else..

New Jersey Resources Corporation (NYSE: NJR)

Sector • Utilities Industry • Natural Gas Utilities

Industry • Natural Gas Utilities

Sector • Utilities

New Jersey Resources Corporation Outlook

On February 6 2024 the New Jersey Resources Corporation provided following guidance

New Jersey Resources Corporation, a publicly-traded company listed on the NYSE under the ticker symbol NJR, announced its financial results for the first quarter of fiscal year 2024. The company reported consolidated net income of $89.4 million for the quarter, a decrease from $115.9 million in the first quarter of fiscal year 2023. Additionally, the company reported consolidated net financial earnings (NFE), a non-GAAP financial measure, of $72.4 million, or $0.74 per share, compared to $110.3 million, or $1.14 per share, in the first quarter of the previous fiscal year.

It should be noted that the financial figures for the first quarter of fiscal year 2024 are not directly comparable to the same period in the previous fiscal year due to certain factors.

Moreover, New Jersey Resources Corporation provided an updated guidance for net financial earnings for the remainder of fiscal year 2024, reflecting an increase compared to the previous estimate.

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