New Jersey Resources Full Year 2024 Earnings: Revenues Disappoint

New Jersey Resources (NYSE:NJR) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.80b (down 8.5% from FY 2023).
• Net income: US$289.8m (up 9.5% from FY 2023).
• Profit margin: 16% (up from 14% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: US$2.94 (up from US$2.73 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

New Jersey Resources Earnings Insights

Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Gas Utilities industry in the US.

Performance of the American Gas Utilities industry.

The company's shares are up 4.0% from a week ago.

Risk Analysis

You still need to take note of risks, for example - New Jersey Resources has 2 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about.

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