NYSE$NJR

New Jersey Resources Corporation · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported first-quarter fiscal 2022 results.

New Jersey Resources reported a consolidated net income of $111.3 million and a non-GAAP net financial earnings of $65.8 million, or $0.69 per share, for the first quarter of fiscal 2022. The company reaffirmed its fiscal 2022 net financial earnings per share guidance range of $2.20 to $2.30.

  • Consolidated net income of $111.3 million for the three months ended December 31, 2021, compared with $81.0 million for the same period last year
  • Consolidated net financial earnings (NFE), a non-GAAP financial measure, of $65.8 million, or $0.69 per share for the three months ended December 31, 2021, compared with NFE of $44.7 million, or $0.46 per share, for the same period last year
  • Re-affirmed fiscal 2022 net financial earnings per share (NFEPS) guidance range of $2.20 to $2.30
  • NJNG received approval from the New Jersey Board of Public Utilities (BPU) on the settlement of its rate case, authorizing a $79.3 million increase to its base rates with new rates effective on December 1, 2021

Headline financials

Total Revenue

$284M

Previous: $226M+25.9%
EPS (adj)

$0.69

Previous: $0.46+50.0%
Free Cash Flow

$111M

Previous: $81M+37.3%
Net Income

$111M

Previous: $81M+37.3%
Operating Income

$157M

Previous: $111M+40.7%
Gross Profit

$204M

Previous: $150M+36.4%
Cash & Equivalents

$1.26M

Previous: $22.4M-94.4%
Total Assets

$5.98B

Previous: $5.4B+10.8%

Revenue & EPS history

NJR · Revenue · Quarterly

$284M

Q1 2022+25.9%vs Q1 2021
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Revenue by segment

NJR · $670M total across 4 segments · Q1 2022

  • Energy Services
    $369M
  • Natural Gas Distribution
    $275M+455.1%
  • Home Services
    $14M
  • Storage & Transportation
    $12.1M

Forward guidance

NJR reaffirmed fiscal 2022 NFE guidance of $2.20 to $2.30 per share.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.2%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+1.2%

Avg return

30 days after

56%

38 / 68 earnings

Positive

+7.0%

Q4 2022

Best reaction

-9.0%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-0.6%-0.9%-2.4%
Q1 2026+3.3%+4.7%+8.8%
Q4 2025+3.8%+3.7%+0.3%
Q2 2025-0.7%-3.1%-7.5%
Q1 2025-3.3%-4.1%-1.4%
Q4 2024-0.6%+1.1%-8.2%
Q3 2024-1.4%-1.2%+3.1%
Q2 2024-1.3%-0.9%-2.9%
Q1 2024+2.6%+4.6%+8.9%
Q4 2023+0.8%+0.9%+5.1%
Q3 2023+1.5%-0.8%-3.7%
Q2 2023-2.2%-3.8%-3.2%
Q1 2023+6.7%+5.4%+3.1%
Q4 2022+7.0%+11.3%+8.4%
Q3 2022-1.1%-0.1%-1.5%
Q2 2022-1.9%-1.7%+3.5%
Q1 2022+0.2%+0.1%+13.4%
Q4 2021+0.7%+2.3%+6.3%
Q3 2021+1.9%+1.1%-1.9%
Q2 2021+3.5%+3.2%+3.9%
Q1 2021+3.0%+4.6%+13.1%
Q4 2020-9.0%-7.6%-4.4%
Q3 2020+3.7%+5.3%-6.3%
Q2 2020+1.6%-7.9%+8.0%
Q1 2020+0.8%+0.9%-9.8%
Q4 2019+2.7%+2.6%+7.9%
Q3 2019-4.4%-4.8%-3.5%
Q2 2019+1.8%-0.5%-4.1%
Q1 2019-3.9%-5.4%+3.1%
Q4 2018-4.6%-4.5%-3.6%
Q3 2018-0.1%-1.1%+1.7%
Q2 2018+2.6%+2.8%+5.3%
Q1 2018+3.3%+4.1%+7.6%
Q4 2017-1.6%-4.0%-12.4%
Q3 2017+0.7%+1.1%+2.7%
Q2 2017+2.4%+0.1%+8.1%
Q1 2017-0.1%+0.9%+2.3%
Q4 2016-4.9%-0.4%+5.7%
Q3 2016-1.9%-3.1%-8.4%
Q2 2016+1.0%
Q1 2016-2.5%
Q4 2015-2.2%
Q3 2015+0.6%
Q2 2015+0.0%
Q1 2015+1.4%
Q4 2014+0.3%
Q3 2014-3.6%
Q2 2014+2.1%
Q1 2014+1.1%
Q4 2013-0.1%
Q3 2013+1.9%
Q2 2013+0.9%
Q1 2013+1.1%
Q4 2012+0.4%
Q3 2012-1.0%
Q2 2012-0.7%
Q1 2012+0.2%
Q4 2011-3.2%
Q3 2011-0.6%
Q2 2011+1.1%
Q1 2010+0.3%
Q1 2011+0.7%
Q4 2008+1.8%
Q2 2010+1.8%
Q4 2010+1.8%
Q3 2009+0.0%
Q4 2009+0.0%
Q3 2010+0.0%

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