New Jersey Resources Q4 Loss Widens - Quick Facts

(RTTNews) - New Jersey Resources (NJR) posted fourth-quarter net loss of $24.4 million, wider than $20.0 million in the prior year period. Loss per share for the latest fourth quarter widened to $0.45 from $0.42 per share last year.

Excluding all unrealized and certain realized gains and losses associated with derivative instruments, net of applicable tax adjustments, net financial loss widened to $19.4 million or $0.46 per basic share from $0.2 million or $0.01 per basic share in the year-ago period. On average, 3 analysts polled by Thomson Reuters expected loss per share of $0.53 for the quarter. Analysts' estimates typically exclude one-time items.

Fourth-quarter operating revenues declined to $591.91 million from prior-year's $733.70 million.

NJR expects fiscal 2015 earnings to be in a range of $2.90 to $3.10 per basic share. Analysts estimate full-year earnings of $3.03 per share.

On November 12, 2014, the board of directors unanimously declared a quarterly dividend on its common stock of $0.45 per share payable on January 2, 2015 to shareowners of record on December 15, 2014.