Exhibit 99.1 NEW JERSEY RESOURCES REPORTS FISCAL 2024 THIRD-QUARTER RESULTS WALL, N.J., August 6, 2024 — Today, New Jersey Resources Corporation (NYSE: NJR) reported results for the third quarter of fiscal 2024. Highlights include: • Consolidated net loss of $(11.6) million, compared with net income of $1.5 million in the third quarter of fiscal 2023 • Consolidated net financial loss, a non-GAAP financial measure, of $(8.9) million, or $(0.09) per share, compared to net financial earnings (NFE), a non-GAAP ...

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Please note that a negative Earnings ESP reading is not indicative of an earn ...

New Jersey Resources (NJR) continues to benefit from its infrastructure upgrades that help serve the company's expanding customer base more efficiently. Given its earnings growth opportunities and strong return on equity (ROE), NJR makes for a solid investment option in the utility sector. NJR has been increasing the value of its shareholders by paying out dividends. Currently, its quarterly dividend is 42 cents per share, resulting in an annualized dividend of $1.68 per share, up 7.7% from the previous fig ...

strickke 1. It is reliable. By that, I mean it can't be steady for a while, only to plunge from dividend suspensions/cuts in any given year. 2. It is consistently growing enough to keep up with inflation. Even if a portfolio's passive income remains constant over the years, that's not enough by itself to sustain a viable retirement. Flat income year after year is itself a stealth dividend cut in my view. That is why I believe it is so critical for dividend growth investors to be laser-focused on quality wit ...

New Jersey Resources (NJR) continues to benefit from its infrastructure upgrades that help serve its expanding customer base more efficiently. Given its earnings growth opportunities and strong return on equity (ROE), NJR makes for a solid investment option in the utility sector. Growth Projections & Surprise History New Jersey Resources delivered an average earnings surprise of 107.4% in the last four quarters. ROE indicates how efficiently a company has been utilizing the funds to generate higher returns. ...

New Jersey Resources (NJR) announced that its unit, New Jersey Natural Gas ("NJNG"), has filed for a rate revision with New Jersey Board of Public Utilities ("BPU"). If the rates are approved without any change, it should increase the utility bill of a typical residential customer using 100 therms a month by 0.5% or 71 cents per month. NJNG expects the rate adjustment to take effect from Oct 1, 2024, subject to the approval of BPU. In this rate revision filing, NJNG has asked for a reduction in its annual B ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 NEW JERSEY RESOURCES CORPORATION (Exact name of registrant as specified in its charter) New Jersey 22-2376465 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) 1415 Wyckoff Road (732) 938‑1480 (Address of principal executive offices) FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TR ...

Financial Data and Key Metrics Changes - The company reported net financial earnings (NFE) of $138.6 million or $1.41 per share for the second quarter, an increase from $112.3 million or $1.16 per share in the same period last year [7][10] - The fiscal 2024 NFEPS guidance range has been reaffirmed at $2.85 to $3 per share [1][51] - Cash flow from operations is expected to range between $450 million and $490 million for both fiscal 2024 and fiscal 2025 [16] Business Line Data and Key Metrics Changes - New Jersey Natural Gas invested $211 million in various programs during fiscal 2024, with approximately 45% of that capital expenditure providing near real-time returns [3][33] - Energy services reported NFE of $37.6 million, up from $21.1 million in the second quarter of the prior year, driven by capturing additional financial margin during periods of volatility [15][34] - Clean Energy Ventures added 34 megawatts of solar capacity under construction, with a pipeline of over 870 megawatts of potential investment options [5][56] Market Data and Key Metrics Changes - The company filed a base rate case to recover approximately $850 million in capital investments since the last rate case settlement in 2021 [2][4] - The base rate case includes a request for an increase of approximately $223 million, which is expected to increase operating income by $159 million [4] Company Strategy and Development Direction - The company is focused on organic growth opportunities and maximizing its earning potential through a complementary portfolio of businesses [10][51] - There is an ongoing pursuit of new innovations to further decarbonization strategies, including the installation of carbon-capture units [53][54] - The company plans to invest between $1.2 billion and $1.5 billion across various projects in the coming years [35] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the financial contributions from energy services and steady performance from core businesses, indicating that fiscal 2024 is outperforming initial expectations [10][28] - The company anticipates significant revenue recognition from asset management agreements in the fourth quarter of fiscal 2024 [15] - Management highlighted the importance of infrastructure to meet growing energy demands, particularly for data centers and electric vehicles [21] Other Important Information - Most of the company's long-term debt is fixed rate, with no significant maturities expected for the remainder of fiscal 2024 [9] - The company has substantial liquidity at both NJR and NJNG [9] Q&A Session Summary Question: Could you speak about the Leaf River capacity recovery project and its potential for larger expansion? - Management indicated that while there are no announcements regarding larger expansions, the current work could facilitate future growth [12] Question: How is the company thinking about New Jersey's solar market and future pricing expectations? - Management noted that they have relationships with other developers and expect to be active in the New Jersey solar market [20] Question: What are the financial impacts and timing of contributions from the incremental capacity? - Management expressed optimism about the project and indicated that they are analyzing details following the completion of the open season [40][42]

New Jersey Resources (NJR) came out with quarterly earnings of $1.40 per share, beating the Zacks Consensus Estimate of $1.32 per share. This compares to earnings of $1.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.06%. A quarter ago, it was expected that this energy services holding company would post earnings of $0.82 per share when it actually produced earnings of $0.74, delivering a surprise of -9.76%.Over the last ...

Exhibit 99.1 NEW JERSEY RESOURCES REPORTS FISCAL 2024 SECOND-QUARTER RESULTS WALL, N.J., May 7, 2024 — Today, New Jersey Resources Corporation (NYSE: NJR) reported results for the second quarter of fiscal 2024. Highlights include: Second-quarter fiscal 2024 net income totaled $120.8 million, or $1.23 per share, compared with $110.2 million, or $1.14 per share, for the same period in fiscal 2023. Fiscal 2024 year-to-date net income totaled $210.2 million, or $2.14 per share, compared with $226.2 million, or ...