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AI brief of an SEC Form 8-K · New Jersey Resources (NJR)

New Jersey Resources posts fiscal 2024 EPS of $2.94 and sets fiscal 2025 guidance of $3.05 to $3.20

Positive Impact 4 of 5 earnings Written later

New Jersey Resources reported fiscal 2024 net income of $289.8 million, or $2.94 per share, up from $2.73 per share a year earlier, with net financial earnings per share of $2.95 at the higher end of its guidance range. It introduced fiscal 2025 guidance of $3.05 to $3.20 per share, which it said is above its long-term growth target because of a one-time gain from the $132.5 million sale of its residential solar portfolio, closed November 25, 2024. Fiscal 2024 operating revenues fell to $1.8 billion from $2.0 billion, and the company raised its fiscal 2025 dividend 7.1 percent to $1.80 per share.

Key points

  • Fiscal 2024 net income was $289.8 million, or $2.94 per share, compared with $264.7 million, or $2.73 per share, in fiscal 2023.
  • Fiscal 2024 net financial earnings were $290.8 million, or $2.95 per share, at the higher end of guidance raised in February 2024.
  • Fiscal 2025 net financial earnings per share guidance is $3.05 to $3.20; the dividend rises 7.1 percent to $1.80 per share.
  • The residential solar portfolio sale closed November 25, 2024 for approximately $132.5 million, subject to adjustments; the company expects a gain in fiscal 2025.

The filing

CompanyNew Jersey Resources (NJR)
Form8-K, current report
Filed with the SECNov 25, 2024, 4:28 PM ET
Accession number0001140361-24-047766

Items reported: 1.01 Material Definitive Agreement2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 25, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.