AP NEWS

New Jersey Resources: Fiscal 4Q Earnings Snapshot

November 19, 2019

WALL TOWNSHIP, N.J. (AP) _ New Jersey Resources Corp. (NJR) on Tuesday reported fiscal fourth-quarter net income of $18.1 million, after reporting a loss in the same period a year earlier.

The Wall Township, New Jersey-based company said it had profit of 20 cents per share. Earnings, adjusted for non-recurring costs, were 29 cents per share.

The energy services holding company posted revenue of $479.1 million in the period.

For the year, the company reported profit of $169.5 million, or $1.89 per share. Revenue was reported as $2.59 billion.

New Jersey Resources expects full-year earnings in the range of $2.05 to $2.15 per share.

New Jersey Resources shares have dropped nearly 9% since the beginning of the year. The stock has dropped 16% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NJR at https://www.zacks.com/ap/NJR