---
title: "New Jersey Resources | 8-K: FY2025 Q2 Revenue Beats Estimate at USD 913.03 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/238791341.md"
datetime: "2025-05-05T20:34:10.000Z"
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---

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# New Jersey Resources | 8-K: FY2025 Q2 Revenue Beats Estimate at USD 913.03 M

Revenue: As of FY2025 Q2, the actual value is USD 913.03 M, beating the estimate of USD 732 M.

EPS: As of FY2025 Q2, the actual value is USD 2.02, beating the estimate of USD 1.59.

### Net Income

-   Fiscal 2025 second-quarter consolidated net income was $204.3 million, compared to $120.8 million in the second quarter of fiscal 2024.
-   Year-to-date net income for fiscal 2025 totaled $335.6 million, compared to $210.2 million for the same period in fiscal 2024.

### Net Financial Earnings (NFE)

-   Second-quarter fiscal 2025 NFE was $178.3 million, compared to $138.6 million in the second quarter of fiscal 2024.
-   Year-to-date fiscal 2025 NFE totaled $307.2 million, compared to $211.0 million for the same period in fiscal 2024.

### Operating Income

-   Operating income for the second quarter of fiscal 2025 was $279.9 million, compared to $170.2 million in the second quarter of fiscal 2024.
-   Year-to-date operating income for fiscal 2025 was $469.5 million, compared to $306.0 million for the same period in fiscal 2024.

### Cash Flow

-   Cash flows from operations during the first six months of fiscal 2025 were $414.1 million, compared to $338.6 million during the same period of fiscal 2024.
-   Adjusted funds from operations were $537.9 million for year-to-date fiscal 2025.

### Segment Performance

#### New Jersey Natural Gas

-   Second-quarter fiscal 2025 NFE was $144.5 million, compared to $107.1 million in fiscal 2024.
-   Year-to-date fiscal 2025 NFE totaled $211.4 million, compared to $158.5 million for the same period in fiscal 2024.

#### Clean Energy Ventures

-   Second-quarter fiscal 2025 net financial loss was - $4.0 million, compared to - $5.6 million in fiscal 2024.
-   Year-to-date fiscal 2025 NFE totaled $44.2 million, compared to $4.9 million for the same period in fiscal 2024.

#### Storage and Transportation

-   Second-quarter fiscal 2025 NFE was $2.3 million, compared to $2.0 million in fiscal 2024.
-   Year-to-date fiscal 2025 NFE totaled $8.0 million, compared to $5.6 million for the same period in fiscal 2024.

#### Energy Services

-   Second-quarter fiscal 2025 NFE was $35.3 million, compared to $37.6 million in fiscal 2024.
-   Year-to-date fiscal 2025 NFE totaled $43.1 million, compared to $45.5 million for the same period in fiscal 2024.

#### Home Services and Other

-   Second-quarter fiscal 2025 net financial loss was - $0.7 million, compared to NFE of $0.4 million in fiscal 2024.
-   Year-to-date fiscal 2025 net financial loss totaled - $0.1 million, compared to - $0.2 million for the same period in fiscal 2024.

### Capital Expenditures

-   NJNG: $254 million YTD Fiscal 2025.
-   Clean Energy Ventures: $73 million YTD Fiscal 2025.

### Outlook / Guidance

-   New Jersey Resources increased its fiscal 2025 net financial earnings per share (NFEPS) guidance to a range of $3.15 to $3.30, up from $3.05 to $3.20, due to outperformance from Energy Services during the winter period.
-   The company maintains a 7 to 9 percent long-term NFEPS growth target, based on a target of $2.83 per share for fiscal 2025.
-   Over 65% of Fiscal 2025 NFEPS is expected from utility operations, with NJNG remaining the largest contributor following the conclusion of its base rate case.

### Related Stocks

- [New Jersey Resources Corporation (NJR.US)](https://longbridge.com/en/quote/NJR.US.md)

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