Investor Presentaiton
Fiscal 2022 Highlights
Executing on our Strategic Plan to Drive Continued, Organic Growth
Raised NFEPS Guidance Twice During Fiscal 2022;
Achieved Highest End of Revised Range
NJNG
CEV
S&T
Energy
Services
NJNG had a strong year driven by
new base rates
Added over 7,800 customers during
the year
Ranked highest among the Large
Residential Natural Gas Utilities in the
East, according to the J.D. Power²
Hedging program mitigated impact
of rising gas prices for customers
Grew project pipeline to ~699MW
(under contract or exclusivity)
through Fiscal 2027
Placed -19MW into service,
including our largest solar project
outside of NJ
Completion of Adelphia
Gateway
Strong NFEPS contribution
from Leaf River Energy
Center
Asset Management
Agreements (AMA) with
investment grade utility
became effective
Stronger than expected
results from long-option
strategy
N
1)
New Jersey
Resources
2)
A reconciliation from NFE to net income can be found in the Appendix.
Based on 2021 Gas Utility Residential Customer Satisfaction Studysm
N
New Jersey
Resources
$2.50
FY 2022 NFEPS1
(up 16% YoY)
$2.86
FY 2022 EPS
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