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New Jersey Resources Corporation (NJR)
NYSE:NJR
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.56Last Year’s EPS
1.41Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 03, 2025
|% Change Since: -3.41%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The call reflects a generally positive outlook with NJR starting Fiscal 2025 strongly, driven by strategic initiatives and financial growth. While there are some challenges, such as uncertainties in meeting EPS expectations and pending regulatory matters, the company's achievements in sustainability, financial performance, and growth initiatives create an optimistic sentiment.Company Guidance
During the New Jersey Resources Fiscal 2025 First Quarter Conference Call, the company provided guidance highlighting a strong start to the fiscal year. The company outlined its fiscal 2025 NFEPS guidance of $3.05 to $3.20 per share, which exceeds their long-term growth rate of 7-9%. Notable achievements include the approval of a new base rate that supports recovery of $850 million investments, resulting in a $3.2 billion rate base. The SAVEGREEN energy efficiency program, the largest in New Jersey natural gas history, was launched with a budget of $386 million, running through June 2027. Clean Energy Ventures is advancing with a solar project pipeline over 1 gigawatt. The company also plans capital expenditures ranging from $1.3 billion to $1.6 billion for fiscal years 2025 and 2026, aligned with its long-term growth targets. NJR's first quarter NFEPS was reported at $1.29 per share, up from $0.74 per share the previous year, reflecting strong performance across its business segments.Strong Start to Fiscal 2025
NJR began Fiscal 2025 with significant progress across business segments, including a successful rate case, the launch of the $386 million SAVEGREEN energy efficiency program, and advancements in the solar project pipeline.
Revenue Growth and Financial Performance
Reported NFEPS of $1.29 per share in Q1, up from $0.74 per share last year, reflecting higher NFE from NJNG and Clean Energy Ventures.
Clean Energy Ventures Expansion
Successfully placed 11 megawatts of commercial solar projects into service and have an additional 63 megawatts under construction, with a robust pipeline of over 1 gigawatt.
Strong Balance Sheet and Liquidity
Projected adjusted funds from operations to adjusted debt ratio between 18% and 20% for fiscal 2025, maintaining a strong balance sheet and financial flexibility.
Sustainability and Innovation Initiatives
Issued NJR's fiscal 2024 Corporate Sustainability Report highlighting record investments in energy efficiency and advancements in carbon capture technology.
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NJR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NJR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 03, 2025 | $48.09 | $46.52 | -3.26% |
| Nov 25, 2024 | $51.02 | $50.24 | -1.53% |
| Aug 06, 2024 | $44.16 | $42.69 | -3.33% |
| May 07, 2024 | $43.49 | $43.59 | +0.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does New Jersey Resources Corporation (NJR) report earnings?
New Jersey Resources Corporation (NJR) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is New Jersey Resources Corporation (NJR) earnings time?
New Jersey Resources Corporation (NJR) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NJR EPS forecast?
NJR EPS forecast for the fiscal quarter 2025 (Q2) is 1.56.
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