NYSE$NJR

New Jersey Resources Corporation · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported third-quarter fiscal 2021 results.

New Jersey Resources reported a net loss of $(111.8) million, or $(1.16) per share, for the third quarter of fiscal 2021, compared to a net loss of $(19.3) million, or $(0.20) per share, in the same period of fiscal 2020. The company increased its fiscal 2021 NFEPS guidance to a range of $2.10 to $2.20 per share.

  • Third-quarter fiscal 2021 net loss totaled $(111.8) million, or $(1.16) per share, compared with $(19.3) million, or $(0.20) per share, during the same period in fiscal 2020.
  • Fiscal 2021 year-to-date net income totaled $119.0 million, or $1.24 per share, compared with $130.3 million, or $1.38 per share, for the same period in fiscal 2020.
  • Third-quarter fiscal 2021 net financial loss totaled $(14.1) million, or $(0.15) per share, compared to NFE of $2.7 million, or $0.03 per share, during the same period in fiscal 2020.
  • NJR increased fiscal 2021 NFE guidance to a range of $2.10 to $2.20, due primarily to better than expected performance by Energy Services and higher BGSS incentives at NJNG.

Headline financials

Total Revenue

$155M

Previous: $157M-1.0%
EPS (adj)

-$0.15

Previous: -$0.06-150.0%
Capital Expenditures

-$41.1M

No prior period
Free Cash Flow

-$153M

Previous: -$27.2M-461.9%
Net Income

-$112M

Previous: -$27.2M-310.9%
Operating Income

-$27.5M

Previous: -$20.2M-36.0%
Gross Profit

$5.77M

Previous: $16.5M-65.0%
Cash & Equivalents

$4.72M

Previous: $42.8M-89.0%
Total Assets

$5.41B

Previous: $5.28B+2.4%

Revenue & EPS history

NJR · Revenue · Quarterly

$155M

Q3 2021-1%vs Q3 2020
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Revenue by segment

NJR · -$8.9M total across 4 segments · Q3 2021

  • Storage & Transportation
    $2.4M
  • Natural Gas Distribution
    $1.6M-98.8%
  • Home Services
    -$400K
  • Energy Services
    -$12.5M

Forward guidance

NJR increased fiscal 2021 NFE guidance to a range of $2.10 to $2.20, due primarily to better than expected performance by Energy Services and higher BGSS incentives at NJNG.

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 Q3 2021

Historical avgQ3 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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro