New Jersey Resources (NJR) Tops Q1 EPS by 2c

New Jersey Resources Reports Solid Fiscal 2016 First-Quarter Results; Reaffirms Fiscal 2016 Net Financial Earnings Guidance

February 3, 2016 7:00 AM EST

WALL, 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.

   

Three 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