New Jersey Resources (NJR) Misses Q1 EPS by 8c, Revenues Beat; Offers FY19 EPS Guidance Below Consensus

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New Jersey Resources Reports First-Quarter Fiscal 2019 Results

February 6, 2019 7:00 AM EST

WALL, N.J.--(BUSINESS WIRE)-- Today, New Jersey Resources (NYSE: NJR) reported results for the first-quarter of fiscal 2019. Highlights include:

Consolidated net income of $86.2 million, compared with $123.7 million in the first-quarter of fiscal 2018 Consolidated net financial earnings (NFE), a non-GAAP financial measure, were $54.1 million, compared with NFE of $135.3 million in the first-quarter of fiscal 2018 Reaffirmed NFE guidance for fiscal 2019 of $1.95 - $2.05 Construction began on the Southern Reliability Link (SRL) The... More