Category Archives: NJR

New Jersey Resources (NJR) 23Q4 Update

23Q4 GAAP EPS was $0.38 and net financial earnings per share (NFEPS), a non-GAAP measure, was $0.30 per basic share.  That compares with 22Q4 GAAP EPS of $0.56 and NFEPS of $0.50.  I had anticipated GAAP EPS of $0.30 and … Continue reading

Posted in NJR, Utilities | Tagged | Comments Off on New Jersey Resources (NJR) 23Q4 Update

New Jersey Resources (NJR) 23Q3 Update

23Q3 GAAP EPS was $0.02 and net financial earnings per share (NFEPS), a non-GAAP measure, was $0.10 per basic share.  That compares with 22Q3 GAAP EPS of $0.14 and NFEPS of –$0.04.  I had anticipated a GAAP loss of $0.07 … Continue reading

Posted in NJR, Utilities | Tagged , | Comments Off on New Jersey Resources (NJR) 23Q3 Update

New Jersey Resources (NJR) 23Q2 Update

NJR reported 23Q2 GAAP net income of $1.13 per diluted share and net financial earnings (NFE), a non-GAAP measure, of $1.16 per basic share.  That compares with 22Q2 GAAP net income of $1.00 per share and NFE per basic share … Continue reading

Posted in NJR, Utilities | Tagged , | Comments Off on New Jersey Resources (NJR) 23Q2 Update

New Jersey Resources (NJR) 23Q1 Update

NJR reported 23Q1 GAAP net income of $1.19 per diluted share and net financial earnings (NFE), a non-GAAP measure, of $1.14 per basic share.  That compares with 22Q1 GAAP net income of $1.16 per share and NFE per basic share … Continue reading

Posted in NJR, Utilities | Tagged , | Comments Off on New Jersey Resources (NJR) 23Q1 Update

New Jersey Resources (NJR) 22Q4 Update

NJR reported 22Q4 GAAP net income of $0.56 per diluted share and net financial earnings (NFE), a non-GAAP measure, of $0.50 per basic share.  That compares with the 21Q4 GAAP loss of $0.01 per share and NFE per basic share … Continue reading

Posted in NJR, Utilities | Tagged , | Comments Off on New Jersey Resources (NJR) 22Q4 Update

Initiating Coverage of New Jersey Resources Corp (NJR)

NJR reported 22Q3 GAAP net income of $0.14 per diluted share and a net financial loss (a non-GAAP measure) of $0.04.   That compares with the 21Q3 GAAP loss of $1.16, owing to an impairment charge on its investment in the … Continue reading

Posted in NJR, Utilities | Tagged , | Comments Off on Initiating Coverage of New Jersey Resources Corp (NJR)

NJR Adjusts to Meet Its Challenges and Opportunities

Under new CEO Steve Westhoven, the business portfolio of New Jersey Resources (NJR) has evolved as it typically does in response to changes in its operating environment.  Its regulated utility operations, New Jersey Natural Gas (NJNG) and its Midstream segment, … Continue reading

Posted in NJR, Utilities | Tagged | Comments Off on NJR Adjusts to Meet Its Challenges and Opportunities