New Jersey Resources (NJR) Tops Q1 EPS by 2c
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New Jersey Resources Reports Solid Fiscal 2016 First-Quarter Results; Reaffirms Fiscal 2016 Net Financial Earnings Guidance
February 3, 2016 7:00 AM ESTWALL, N.J.--(BUSINESS WIRE)-- New Jersey Resources (NYSE: NJR) today reported solid results for the first quarter of fiscal 2016 and reaffirmed net financial earnings (NFE) guidance for the year.
A reconciliation of NFE for the first quarter of fiscal years 2016 and 2015 is provided below.
 ÂThree Months Ended
December 31,
(Thousands)
  2015   2014 Net income $ 48,647   $ 123,320 Add: Unrealized (gain) on derivative instruments (1,135 ) (88,673 ) Effects of economic hedging related to natural gas inventory 3,813 (8,765 ) Tax adjustments (1,693 )... More