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New Jersey Resources Announces Fiscal 2013 Earnings Guidance

New Jersey Resources (NYSE: NJR) today announced net financial earnings guidance for fiscal 2013 of $2.55 to $2.75 per share, subject to the risks and uncertainties identified below under “Forward-Looking Statements.” The following chart represents the expected contributions from NJR’s subsidiaries:
Company     Expected Fiscal 2013 Net Financial Earnings Contribution
       
New Jersey Natural Gas     60 to 70 percent
NJR Clean Energy Ventures     10 to 15 percent
NJR Energy Services     10 to 15 percent
NJR Energy Holdings     5 to 10 percent
NJR Home Services     2 to 5 percent

“We are pleased to provide fiscal 2013 earnings guidance to our investors at this time,” said Laurence M. Downes, chairman and CEO of New Jersey Resources. “We expect all of our subsidiaries to contribute to our results and support our long-term objective of providing shareowners with consistent performance.”

As in the past, NJR expects New Jersey Natural Gas (NJNG) to be the largest contributor to fiscal 2013 net financial earnings, driven by a steadily improving customer growth rate of 1.3 to 1.4 percent, accelerated infrastructure investments and gross margin from incentive programs.

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