New Jersey Resources (NJR) Reports In-Line Q4 EPS; Provides FY20 EPS Mid-Point Guidance Below Consensus
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New Jersey Resources Reports Fourth-Quarter and Fiscal 2019 Results
November 19, 2019 7:00 AM ESTWALL, N.J.--(BUSINESS WIRE)-- Today, New Jersey Resources (NYSE: NJR) reported results for fiscal 2019. Highlights for the fiscal year included:
Consolidated net income of $169.5 million, compared with $233.4 million in fiscal 2018 Consolidated net financial earnings (NFE), a non-GAAP financial measure, of $175.0 million, or $1.96 per share, compared with $240.5 million, or $2.74 per share in fiscal 2018 Announced fiscal 2020 NFE guidance of $2.05 to $2.15 per share Increased annual dividend rate by 6.8 percent to $1.25 per share Received all permits for the Southern Reliability Link (SRL) and began construction during fiscal... More