Investor Presentaiton
Fiscal 2023 Second Quarter and Year-to-Date Summary
Consistent Performance throughout Winter Period
Second Quarter
NFEPS 1,2
$1.77
Continued Execution Throughout Unique Period
of Historically Warm Weather Conditions
$0.88
$1.36
$1.16
NJNG
2Q20
2Q21
2Q22
2Q23
$1.27
YTD NFEPS
$2.24
$2.30
$2.04
6 Mos.
2020
6 Mos.
2021
6 Mos.
2022
6 Mos.
2023
N
1)
New Jersey
Resources
2)
CEV
S&T
Energy
Services
Higher utility gross margin
Announces bill credit and
rate decrease for residential
and small commercial
customers following period
of lower gas prices
Placed ~53MW into
service since FYE 2022
Project pipeline of ~740MW
(under construction,
contract, or exclusivity)
through Fiscal 2027
765
Stable NFEPS contribution
from Leaf River Energy
Center and Adelphia
Gateway
Continuing to explore
organic expansion
opportunities
Derived significant value for
pipeline capacity during
brief periods of strong
demand
A reconciliation from NFE to net income can be found in the Appendix.
Q2 FY 2021 included unusually high net financial earnings at Energy Services due to increased natural gas price volatility related to the extreme weather during February 2021.
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