New Jersey Resources (NJR) Tops Q4 EPS by 10c; Offers FY19 EPS Outlook

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New Jersey Resources Reports Fourth-Quarter and Fiscal 2018 Results

November 20, 2018 7:00 AM EST

WALL, N.J.--(BUSINESS WIRE)-- Today, New Jersey Resources (NYSE: NJR) reported results for fiscal 2018. Highlights for the fiscal year include:

Consolidated net income of $233.4 million, compared with $132.1 million in fiscal 2017 Consolidated net financial earnings (NFE), a non-GAAP financial measure, were $240.5 million, compared with NFE of $149.4 million in fiscal 2017 Announced fiscal 2019 NFE per-share guidance of $1.95 to $2.05 per share Increased annual dividend rate by 7.3 percent to $1.17 per share NJNG added 9,596 new customers; a five percent increase over fiscal 2017... More