NJ Resources Reports Q3 Results, Reaffirms Guidance

Ticker: NJR · Form: 8-K · Filed: May 7, 2024 · CIK: 356309

Sentiment: neutral

Topics: earnings, guidance

Related Tickers: NJR

TL;DR

NJR Q3 results out, guidance confirmed. Infrastructure investments paying off.

AI Summary

New Jersey Resources Corporation (NJR) reported its fiscal 2024 third-quarter results on May 7, 2024. The company announced its net financial results and provided an update on its regulated energy delivery segment, New Jersey Natural Gas, which has seen significant investments in infrastructure modernization and clean energy initiatives. The company also reaffirmed its fiscal year 2024 earnings guidance.

Why It Matters

This filing provides investors with the latest financial performance and operational updates for New Jersey Resources, impacting their investment decisions and outlook for the company's future growth.

Risk Assessment

Risk Level: low — The filing is a routine earnings report and does not contain significant new risks or negative developments.

Key Players & Entities

FAQ

What is the date of the earliest event reported in this 8-K filing?

The date of the earliest event reported is May 7, 2024.

What is the trading symbol for New Jersey Resources Corporation's Common Stock?

The trading symbol is NJR.

On which exchange is New Jersey Resources Corporation's Common Stock registered?

The Common Stock is registered on the New York Stock Exchange.

What is the principal executive office address of New Jersey Resources Corporation?

The address is 1415 Wyckoff Road, Wall, New Jersey 07719.

What specific financial results are detailed in Item 2.02 of this filing?

Item 2.02 pertains to Results of Operations and Financial Condition, with the report indicating that the company announced its fiscal 2024 third-quarter results on May 7, 2024.

Filing Stats: 626 words · 3 min read · ~2 pages · Grade level 10.8 · Accepted 2024-05-07 06:55:33

Key Financial Figures

Filing Documents

02

Item 2.02 Results of Operations and Financial Condition. On May 7, 2024, New Jersey Resources Corporation ("NJR") issued a press release reporting financial results for the second fiscal quarter ended March 31, 2024 (the "Press Release"). A copy of the Press Release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in Item 2.02 of this Current Report on Form 8-K is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section and shall not be deemed to be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.

01

Item 7.01 Regulation FD Disclosure. NJR will deliver a presentation via live public webcast on May 7, 2024, at 10 a.m. ET. The slides to be used for the presentation are furnished herewith as Exhibit 99.2 and are incorporated by reference into Item 7.01 of this Current Report on Form 8-K. The information in Item 7.01 of this Current Report on Form 8-K is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section and shall not be deemed to be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Exhibit 99.1 Press Release dated May 7, 2024 (furnished, not filed) 99.2 Presentation dated May 7, 2024 (furnished, not filed) 104 Cover page in Inline XBRL format SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NEW JERSEY RESOURCES CORPORATION Date: May 7, 2024 By: /s/ Roberto F. Bel Roberto F. Bel Senior Vice President and Chief Financial Officer

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