NYSE$NJR

New Jersey Resources Corporation · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported second-quarter fiscal 2021 results and increased net financial earnings guidance for fiscal 2021.

New Jersey Resources reported a strong second quarter, with net income reaching $149.8 million, or $1.56 per share, compared to $73.8 million, or $0.78 per share, in the same period of fiscal 2020. The company's performance was driven by Energy Services and led to an increase in the fiscal 2021 NFE guidance.

  • Second-quarter fiscal 2021 net income totaled $149.8 million, or $1.56 per share.
  • Second-quarter fiscal 2021 NFE totaled $170.6 million, or $1.77 per share.
  • NJR increased fiscal 2021 NFE guidance to a range of $2.05 to $2.15 per share.
  • BGSS incentive programs contributed $2.1 million to utility gross margin in the second-quarter of fiscal 2021.

Headline financials

Total Revenue

$339M

Previous: $303M+11.9%
EPS (adj)

$1.77

Previous: $1.12+58.0%
Free Cash Flow

$150M

Previous: $88.5M+69.3%
Net Income

$150M

Previous: $88.5M+69.3%
Operating Income

$201M

Previous: $95.2M+111.3%
Gross Profit

$246M

Previous: $141M+74.4%
Cash & Equivalents

$57.7M

Previous: $26M+122.0%
Total Assets

$5.43B

Previous: $5.16B+5.2%

Revenue & EPS history

NJR · Revenue · Quarterly

$339M

Q2 2021+11.9%vs Q2 2020
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

NJR · $182M total across 3 segments · Q2 2021

  • Energy Services
    $96.5M
  • Natural Gas Distribution
    $80.5M
  • Storage & Transportation
    $4.7M

Forward guidance

NJR increased fiscal 2021 NFE guidance to a range of $2.05 to $2.15 per share primarily driven by the performance of our Energy Services business during the February weather event. The March 15th guidance update included an estimate of potential bad debt exposure and our revised guidance reflects a refined estimate of our remaining exposure.

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 Q2 2021

Historical avgQ2 2021

+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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