New Jersey Resources (NJR) Misses Q3 EPS by 4c

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New Jersey Resources Reports Third-Quarter Fiscal 2021 Results

August 5, 2021 7:00 AM EDT

WALL, N.J.--(BUSINESS WIRE)-- Today, New Jersey Resources (NYSE: NJR) reported results for the third-quarter of fiscal 2021. Highlights include:

Consolidated net loss of $(111.8) million, including a $72.7 million after-tax impairment charge related to NJR's investment in the PennEast Project, compared with $(19.3) million in the third quarter of fiscal 2020 Consolidated net financial loss, a non-GAAP financial measure which excludes the PennEast impairment, of $(14.1) million, or $(0.15) per share, compared with net financial earnings (NFE) of $2.7 million, or $0.03 per share, in the same period last year Increased... More