New Jersey Resources (NJR) Reports In-Line Q2 EPS

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

May 4, 2016 7:01 AM EDT

WALL, N.J.--(BUSINESS WIRE)-- New Jersey Resources (NYSE: NJR) today reported solid results for the second quarter of fiscal 2016 and reaffirmed net financial earnings (NFE) guidance for the year.

A reconciliation of NFE to net income for the second quarter of fiscal years 2016 and 2015 is provided below.

          Three Months Ended Six Months Ended March 31, March 31, (Thousands) 2016     2015 2016     2015 Net income $ 73,328     $ 60,903 $ 121,975     $ 184,223 Add: Unrealized loss (gain) on derivative instruments and related transactions 3,170 68,474 2,035 (20,198 ) Effects of economic hedging related to natural gas inventory (1,054 ) (23,450 ) 2,759 (32,215 ) Tax adjustments... More