Maintains 7 to 9 percent long-term NFEPS growth target, and after multiple years of outperformance is rebasing this target off $2.83 per share for fiscal 2025, consistent with our previously communicated guidance; Introduces fiscal 2025 NFEPS guidance range of $3.05 to $3.20, which is higher than the range implied by our long-term NFEPS growth target as a result of the one-time gain from the sale of NJR‘s residential solar portfolio; Increased fiscal 2025 dividend by 7.1 percent to $1.80 per share.
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Read More on NJR:
- NJR Upcoming Earnings Report: What to Expect?
- New Jersey Resources Gains Approval for Rate Increase
- NJ Board of Public Utilities approves new rates for NJNG
- New Jersey Resources Secures Funding and Revamps Incentives
- New Jersey Resources price target raised to $51 from $47 at Wells Fargo
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
