newsfilter
← Latest News
Business Wire·

New Jersey Resources Reports Fiscal 2025 Fourth-Quarter and Year-End Results

NJR
  • New Jersey Resources Corporation reported fiscal 2025 net income of $335.6 million ($3.35 per share), up from $289.8 million ($2.94 per share) in fiscal 2024.
  • Fiscal 2025 consolidated net financial earnings (NFE) totaled $329.6 million ($3.29 per share), achieving the high end of the increased guidance range of $3.20 to $3.30.
  • This marks the fifth consecutive year that NJR has outperformed its initial annual NFEPS guidance.
  • Fourth-quarter fiscal 2025 net income was $15.1 million ($0.15 per share), a decrease from $91.1 million ($0.92 per share) in the prior year quarter.
  • Fourth-quarter fiscal 2025 NFE was $16.2 million ($0.16 per share), down from $88.7 million ($0.89 per share) in the prior year quarter due to lower Asset Management Agreements revenue.
  • New Jersey Natural Gas invested a record $98 million under its SAVEGREEN energy efficiency program in fiscal 2025.
  • Clean Energy Ventures placed a record 93 megawatts of in-service capacity in fiscal 2025, its highest annual total in history.
  • Storage and Transportation received FERC approval for an Adelphia Gateway settlement on November 4, 2025, and submitted an application on October 31, 2025, to increase Leaf River Energy Center capacity by 17.6 BCF.
  • Energy Services benefited from natural gas volatility during the 2025 winter, contributing to the NFEPS guidance increase.
  • Home Services reported higher revenues in fiscal 2025 and was named a Ruud Top Twenty Pro Partner Contractor for the ninth consecutive year.
  • NJR maintains a 7 to 9 percent long-term NFEPS growth target starting from a fiscal 2025 base of $2.83 per share.
  • Fiscal 2026 NFEPS guidance is introduced as a range of $3.03 to $3.18.
  • Fiscal 2025 capital expenditures totaled $752.5 million, an increase from $575.1 million in fiscal 2024.
  • NJR expects to deploy between $4.8 billion and $5.2 billion in capital expenditures through 2030.
  • Cash flows from operations increased to $466.3 million in fiscal 2025, compared to $427.4 million in fiscal 2024.
  • A webcast of the fiscal 2025 fourth quarter results is scheduled for November 20, 2025, at 10 a.m. ET.