NYSE$NJR
New Jersey Resources Corporation · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
NJR's results for Q3 2022 were reported, with an increase in earnings guidance for fiscal year 2022.
New Jersey Resources reported a consolidated net income of $13.1 million for the third quarter of fiscal 2022, a significant improvement compared to the net loss of $(111.8) million in the same quarter of the previous year. The company's performance was driven by strong results at New Jersey Natural Gas Company (NJNG), higher financial margin at Energy Services, and increased wholesale electricity revenue at Clean Energy Ventures (CEV). As a result, NJR increased its fiscal 2022 net financial earnings per share (NFEPS) guidance range to $2.40 to $2.50.
- Consolidated net income reached $13.1 million, a significant improvement from the previous year.
- Net financial loss was $(3.6) million, or $(0.04) per share, an improvement compared to the previous year.
- Fiscal 2022 NFEPS guidance was increased to $2.40 to $2.50.
- NJNG reported NFE of $2.6 million, driven by higher base rates.
Headline financials
Revenue & EPS history
NJR · Revenue · Quarterly
$244M
Revenue by segment
NJR · $538M total across 4 segments · Q3 2022
- Energy Services$308M+2562.5%57.2%
- Natural Gas Distribution$200M+12380.9%37.1%
- Storage & Transportation$16.4M+582.9%3.0%
- Home Services$14.2M+3655.0%2.6%
Forward guidance
NJR increased its fiscal 2022 NFE guidance to $2.40 to $2.50 compared to the previously announced range of $2.30 to $2.40.
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 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
| 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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