Benzinga | Nov 30, 2020 07:46AM EST

New Jersey Resources: Q4 Earnings Insights

Shares of New Jersey Resources (NYSE:NJR) moved higher by 0.1% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share rose 96.55% year over year to $0.57, which were in line with the estimate of $0.57.

Revenue of $400,044,000 declined by 16.50% from the same period last year, which missed the estimate of $701,520,000.

Outlook

New Jersey Resources hasn't issued any earnings guidance for the time being.

New Jersey Resources hasn't issued any revenue guidance for the time being.

Price Action

52-week high: $45.76

Company's 52-week low was at $21.14

Price action over last quarter: Up 10.74%

Company Description

New Jersey Resources is an energy services holding company with regulated and nonregulated operations. Its regulated utility, New Jersey Natural Gas, delivers natural gas to 550,000 customers in the state. NJR's nonregulated businesses include retail gas supply and solar investments primarily in New Jersey. NJR also is an equity investor and owner in several large midstream gas projects.