New Jersey Resources (NJR) Tops Q4 EPS by 2c; Guides FY16 EPS Below Consensus

New Jersey Resources Reports Fiscal 2015 Results; Announces Fiscal 2016 Earnings Guidance

November 24, 2015 7:00 AM EST

Second Year of Better-than-expected Results at NJR Energy Services

WALL, N.J.--(BUSINESS WIRE)--

New Jersey Resources (NYSE: NJR) today reported net financial earnings (NFE) of $151.5 million, or $1.78 per share, for fiscal 2015 and announced NFE guidance for fiscal 2016.

A reconciliation of net income to NFE for the fourth quarter and fiscal years 2015 and 2014 is provided below.

  Three Months Ended   Twelve Months Ended September 30, September 30, (Thousands) 2015   2014 2015   2014 Net income (loss) $ 4,197   $ (24,420 ) $ 180,960   $ 141,970 Add: Consolidated unrealized (gain) loss on derivative instruments (19,671 ) (17,277... More