New Jersey Resources (NJR) Reports Q1 EPS of $0.47; Reiterates Outlook

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Go back to New Jersey Resources (NJR) Reports Q1 EPS of $0.47; Reiterates Outlook

New Jersey Resources Reports Fiscal 2017 First-Quarter Results and Reaffirms Earnings Guidance

February 8, 2017 7:00 AM EST

WALL, N.J.--(BUSINESS WIRE)-- New Jersey Resources (NYSE: NJR) today reported results for the first quarter of fiscal 2017 and reaffirmed net financial earnings (NFE) guidance for fiscal 2017 of $1.65 to $1.75 per share.

Net income for the first quarter of fiscal 2017 totaled $34.9 million, or $.41 per share, compared with $50.3 million, or $.59 per share, during the same period in fiscal 2016. First-quarter fiscal 2017 NFE totaled $40.4 million, or $.47 per share, compared with $51.3 million, or $.60 per share, during the first quarter of fiscal 2016.

Our results for the first quarter were consistent with our expectations,... More