<span item_type="fundamental" item_id="73d35dd932617a0861e37e47ae02a169" counter_id="ST/US/NJR" env="prod"></span><span item_type="announcement" item_id="545824775733714689" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 298.95 M, missing the estimate of USD 307 M.</p><p>EPS: As of FY2025 Q3, the actual value is USD -0.15, missing the estimate of USD -0.03.</p><p></p><h3>Net Income and Earnings</h3><ul><li>Fiscal 2025 third-quarter consolidated net loss was - $15.1 million, or - $0.15 per share, compared with a net loss of - $11.6 million, or - $0.12 per share, in the third quarter of fiscal 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/356309/000114036125028620/ef20053006_ex99-1.htm"></span></li><li>Fiscal 2025 year-to-date net income totaled $320.6 million, or $3.20 per share, compared with $198.6 million, or $2.02 per share, for the same period in fiscal 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/356309/000114036125028620/ef20053006_ex99-1.htm"></span></li></ul><h3>Net Financial Earnings (NFE)</h3><ul><li>Fiscal 2025 third-quarter NFE was $6.2 million, or $0.06 per share, compared to a net financial loss of - $8.9 million, or - $0.09 per share, in the third quarter of fiscal 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/356309/000114036125028620/ef20053006_ex99-1.htm"></span></li><li>Fiscal 2025 year-to-date NFE totaled $313.4 million, or $3.13 per share, compared with $202.1 million, or $2.05 per share, for the same period in fiscal 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/356309/000114036125028620/ef20053006_ex99-1.htm"></span></li></ul><h3>Segment Performance</h3><ul><li><strong>New Jersey Natural Gas</strong>: Third-quarter fiscal 2025 NFE of $10.1 million, compared to a net financial loss of - $6.1 million in fiscal 2024. Year-to-date NFE was $221.5 million, up from $152.4 million in fiscal 2024, primarily due to higher utility gross margin.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/356309/000114036125028620/ef20053006_ex99-1.htm"></span></li><li><strong>Clean Energy Ventures</strong>: Third-quarter fiscal 2025 net financial loss of - $6.9 million, consistent with fiscal 2024. Year-to-date NFE was $37.3 million, compared to a net financial loss of - $1.8 million in fiscal 2024, largely due to the gain on the sale of its residential solar portfolio.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/356309/000114036125028620/ef20053006_ex99-1.htm"></span></li><li><strong>Storage and Transportation</strong>: Third-quarter fiscal 2025 NFE of $5.9 million, up from $4.1 million in fiscal 2024. Year-to-date NFE was $13.9 million, compared to $9.8 million in fiscal 2024, due to increased operating revenues at Leaf River Energy Center.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/356309/000114036125028620/ef20053006_ex99-1.htm"></span></li><li><strong>Energy Services</strong>: Third-quarter fiscal 2025 net financial loss of - $3.7 million, compared to a net financial loss of - $2.2 million in fiscal 2024. Year-to-date NFE was $39.4 million, down from $43.2 million in fiscal 2024, due to lower contributions from Asset Management Agreements.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/356309/000114036125028620/ef20053006_ex99-1.htm"></span></li><li><strong>Home Services and Other</strong>: Third-quarter fiscal 2025 NFE of $0.5 million, compared to $0.9 million in fiscal 2024. Year-to-date NFE was $0.4 million, compared to $0.7 million in fiscal 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/356309/000114036125028620/ef20053006_ex99-1.htm"></span></li></ul><h3>Cash Flow and Capital Expenditures</h3><ul><li>Cash flows from operations were $385.2 million for the first nine months of fiscal 2025, compared to $362.9 million in fiscal 2024, primarily due to an increase in base rates at NJNG.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/356309/000114036125028620/ef20053006_ex99-1.htm"></span></li><li>Capital expenditures were $456.8 million for the first nine months of fiscal 2025, compared to $396.5 million in fiscal 2024, mainly due to higher expenditures at NJNG and CEV.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/356309/000114036125028620/ef20053006_ex99-1.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Dividend Growth</strong>: Fiscal 2025 dividend is $1.80 per share, reflecting a 7.1% increase in the quarterly dividend rate.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/356309/000114036125028620/ef20053006_ex99-2.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>NJR raised the lower end of its fiscal 2025 NFEPS guidance by $0.05 to a range of $3.20 to $3.30. The guidance is higher than the range implied by the 7 to 9 percent long-term NFEPS growth target due to the gain from the sale of NJR’s residential solar portfolio and strong performance from Energy Services.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/356309/000114036125028620/ef20053006_ex99-1.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/356309/000114036125028620/ef20053006_ex99-2.htm"></span></li></ul>

New Jersey Resources | 8-K: FY2025 Q3 Revenue Misses Estimate at USD 298.95 M