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New Jersey Resources Corporation (NJR)
NYSE:NJR
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Earnings Data
Report Date
Feb 03, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.08Last Year’s EPS
0.74Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 20, 2018
|% Change Since: -7.23%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Positive
The earnings call was largely positive, showcasing strong financial performance, successful regulatory outcomes, and strategic focus on clean energy growth. However, some uncertainties remain around guidance variability and potential dilution effects.Company Guidance
During the New Jersey Resources (NJR) Fiscal 2024 Fourth Quarter earnings call, the company provided robust guidance metrics demonstrating its strong financial position and strategic growth trajectory. NJR exceeded its high-end Net Financial Earnings Per Share (NFEPS) guidance, achieving $2.95 per share, marking the fourth consecutive year of outperformance. The company anticipates a long-term NFEPS growth rate of 7% to 9%, with an initial fiscal 2025 NFEPS guidance range of $3.05 to $3.20 per share. NJR's capital plan includes projected expenditures of $1.3 billion to $1.6 billion for fiscal 2025 and 2026, focusing on utility infrastructure, clean energy, and storage assets. The New Jersey Board of Public Utilities approved NJR's base rate case settlement with a $157 million annual revenue increase and a return on equity of 9.6%. NJR's strategic decision to sell its Sunlight Advantage residential solar portfolio resulted in a $45 million to $60 million pretax gain, contributing to the overall positive financial outlook. The company remains committed to delivering an 11% to 13% total shareholder return, supported by a 4% dividend yield.Exceeding NFEPS Guidance
NJR exceeded the high end of the NFEPS guidance range for the fourth consecutive year, demonstrating a strong diversified business model and shareholder value delivery.
Successful Base Rate Case Settlement
The New Jersey Board of Public Utilities approved a settlement for NJNG's base rate case, securing recovery for investments and ensuring safe and reliable service for approximately 583,000 customers.
Expansion in Clean Energy and Commercial Solar
Clean Energy Ventures commissioned its first community solar project and expanded its project pipeline to over 1 gigawatt. NJR completed the sale of its Sunlight Advantage residential solar portfolio to focus on commercial solar growth.
Strong Financial Performance
Fiscal 2024 NFEPS was $2.95 per share, compared to $2.70 per share last year. The BPU approved a settlement with an annual revenue increase of $157 million.
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NJR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NJR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 25, 2024 | $51.02 | $50.24 | -1.53% |
| Aug 06, 2024 | $44.16 | $42.69 | -3.33% |
| May 07, 2024 | $43.49 | $43.59 | +0.23% |
| Feb 06, 2024 | $38.00 | $39.38 | +3.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does New Jersey Resources Corporation (NJR) report earnings?
New Jersey Resources Corporation (NJR) is schdueled to report earning on Feb 03, 2025, TBA Not Confirmed.
What is New Jersey Resources Corporation (NJR) earnings time?
New Jersey Resources Corporation (NJR) earnings time is at Feb 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NJR EPS forecast?
NJR EPS forecast for the fiscal quarter 2025 (Q1) is 1.08.
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