NYSE$NJR
New Jersey Resources Corporation · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
NJR reported solid results in the second quarter of fiscal year 2023 and re-affirmed its NFEPS guidance.
New Jersey Resources reported a net income of $110.2 million for the second quarter of fiscal 2023, compared to $96.0 million in the same period of fiscal 2022. The company's net financial earnings (NFE) were $112.3 million, or $1.16 per share, compared to $130.2 million, or $1.36 per share, in the second quarter of fiscal 2022. NJR re-affirmed its fiscal 2023 NFEPS guidance range of $2.62 to $2.72.
- Consolidated net income reached $110.2 million, up from $96.0 million in Q2 2022.
- Net Financial Earnings (NFE) were $112.3 million, or $1.16 per share, compared to $130.2 million, or $1.36 per share, in Q2 2022.
- Fiscal 2023 NFEPS guidance range re-affirmed at $2.62 to $2.72.
- Long-term projected NFEPS growth rate maintained at 7 to 9 percent.
Headline financials
Revenue & EPS history
NJR · Revenue · Quarterly
$384M
Revenue by segment
NJR · $721M total across 4 segments · Q1 2023
- Natural Gas Distribution$358M+30.2%49.6%
- Energy Services$322M-12.9%44.7%
- Storage & Transportation$26.8M+121.0%3.7%
- Home Services$14.3M+2.3%2.0%
Forward guidance
NJR re-affirmed its fiscal 2023 NFE guidance range of $2.62 to $2.72, which was increased by $0.20 per share in the first quarter of fiscal 2023, subject to risks and uncertainties.
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 2023
+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
| Quarter | Report date | Reaction (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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