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News

New Jersey Resources Affirms FY2024 Adj EPS Guidance $2.85-3.00 vs $2.93 Est

Author: Benzinga Newsdesk | May 07, 2024 08:38am

iscal 2024 NFE Guidance:

NJR re-affirmed its fiscal 2024 NFEPS guidance range of $2.85 to $3.00, which was increased by $0.15 in February 2024, subject to the risks and uncertainties identified below under "Forward-Looking Statements."

In fiscal 2024, NJR expects Energy Services will represent a higher percentage of NFEPS than in prior years due to contributions from the Asset Management Agreements signed in 2020*. The following chart represents NJR's current expected contributions from its business segments for fiscal 2024:

Company

Expected Fiscal 2024

Net Financial Earnings

Contribution

New Jersey Natural Gas

40 to 45 percent

Clean Energy Ventures

12 to 17 percent

Storage and Transportation

3 to 7 percent

Energy Services

38 to 43 percent*

Home Services and Other

0 to 1 percent

 

Posted In: NJR

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