New Jersey Resources (NJR) Tops Q4 EPS by 10c; Offers FY19 EPS Outlook

New Jersey Resources (NYSE: NJR) reported Q4 EPS of ($0.33), $0.10 better than the analyst estimate of ($0.43).

"Thanks to the talent of our team of more than 1,000 women and men, New Jersey Resources delivered another strong year in fiscal 2018," said Laurence M. Downes, chairman and CEO of New Jersey Resources. "As our results reflect, we are dedicated to meeting our customers' expectations for safe and reliable service, advancing sustainability through our infrastructure and clean energy investments and rewarding the confidence of our shareowners - as evidenced this year with a 7.3 percent dividend increase. We look forward to executing our strategic plan and leading the way to a stronger energy future."

"Our strong fiscal 2018 results were largely driven by the out-performance of our Energy Services segment," said Steve Westhoven, president and COO of New Jersey Resources. "With our focus on regulated infrastructure investments and complementary non-regulated energy investments, we are committed to delivering results for our customers and shareowners in fiscal 2019."

GUIDANCE:

New Jersey Resources sees FY2019 EPS of $1.95-$2.05, versus the consensus of $0.00.

For earnings history and earnings-related data on New Jersey Resources (NJR) click here.

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