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N New Jersey Resources News Release 1415 Wyckoff Road P. O. Box 1464 Wall , NJ 07719 Media Contact : Michael Kinney 732-938-1031 mkinney@njresources.com Investor Contact : Dennis Puma 732-938-1229 dpuma@njresources.com NEW JERSEY RESOURCES REPORTS SECOND - QUARTER FISCAL 2021 RESULTS AND INCREASES NET FINANCIAL EARNINGS GUIDANCE FOR FISCAL 2021 - Second Guidance Increase This Fiscal Year WALL , N.J. , May 6 , 2021 — Today , New Jersey Resources ( NYSE : NJR ) reported results for the second - quarter of fiscal 2021. Highlights include : • • Consolidated net income of $ 149.8 million , compared with $ 73.8 million in the second - quarter of fiscal 2020 Consolidated net financial earnings ( NFE ) , a non - GAAP financial measure , of $ 170.6 million , or $ 1.77 per share , compared with $ 84.3 million , or $ 0.88 per share , in the second quarter of fiscal 2020 Increased NFE per share ( NFEPS ) guidance to a range of $ 2.05 to $ 2.15 for fiscal 2021 primarily driven by the performance of our Energy Services business Energy Services reported second - quarter 2021 NFE of $ 96.5 million driven by strong market demand due to colder weather in February 2021 New Jersey Natural Gas ( NJNG ) filed a rate case with the New Jersey Board of Public Utilities ( BPU ) , seeking a $ 165.7 million increase in delivery rates NJNG received approval from the BPU for SAVEGREEN 2020 , a new three - year , $ 259 million energy efficiency program Second - quarter fiscal 2021 net income totaled $ 149.8 million , or $ 1.56 per share , compared with $ 73.8 million , or $ 0.78 per share , during the same period in fiscal 2020. Fiscal 2021 year - to - date net income totaled $ 230.9 million , or $ 2.40 per share , compared with $ 149.6 million , or $ 1.60 per share , for the same period in fiscal 2020 . Second - quarter fiscal 2021 NFE totaled $ 170.6 million , or $ 1.77 per share , compared with $ 84.3 million , or $ 0.88 per share , during the same period in fiscal 2020. Fiscal 2021 year - to - date NFE totaled $ 215.3 million , or $ 2.24 per share , compared with $ 119.2 million , or $ 1.27 per share , for the same period in fiscal 2020 . " The results in the second quarter illustrate the value of Energy Services ' long - option strategy as we work to deliver more fee - based revenues , " said Steve Westhoven , President and CEO of New Jersey Resources . " These impressive results have enabled us to increase our fiscal 2021 guidance for the second time this year and continue to deliver value to our shareowners . " Key Performance Metrics ( $ in Thousands ) Net income Basic EPS Net financial earnings Three Months Ended March 31 , Six Months Ended March 31 , 2021 2020 2021 2020 $ 149,809 $ 73,846 $ 1.56 $ 0.78 $ 230,854 $ 149,598 $ 2.40 $ 1.60 $ 170,604 $ 84,291 0.88 $ 215,261 $ 119,222 $ 2.24 $ 1.27 Basic net financial earnings per share $ 1.77 $