New Jersey Resources(US:NJR)2025-08-05 14:00Financial Performance & Guidance - NJR raises the lower end of its fiscal year 2025 NFEPS guidance by $0.05, setting a new range of $3.20 to $3.30[5, 14] - The guidance range is above the 7%-9% long-term projected NFEPS growth[14] - Approximately 65% of fiscal year 2025 NFEPS is expected from utility operations[17] Capital Investments & Growth - NJNG's SAVEGREEN CAPEX is projected to grow over 30% to $90 million - $95 million in fiscal year 2025[24] - NJNG is authorized to invest $385.6 million in SAVEGREEN over a 30-month period ending June 30, 2027[24] - NJNG's year-to-date fiscal year 2025 capital expenditures total approximately $383 million, with about 47% earning a near real-time return[28] Clean Energy Ventures (CEV) - CEV has approximately 449 MW of commercial solar capacity in service as of July 31, 2025[30] - CEV has a solar pipeline of approximately 1.0 GW of investment options for future solar growth[31] - CEV expects approximately 131 MW of solar projects to be in service over the next two years, representing over $350 million in investment[31] Business Segments Performance - For the third quarter of fiscal year 2025, NJNG's NFE was $16.2 million, while the consolidated NFE was $6.2 million[41] - For the year-to-date fiscal year 2025, NJNG's NFE was $69.1 million, while the consolidated NFE was $313.4 million[42] Customer Growth - NJNG serves approximately 588,300 customers in New Jersey[79, 83]