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New Jersey Resources Q1 Profit Rises; Lifts 2018 Net Financial Earnings View

New Jersey Resources (NJR) reported that its first-quarter fiscal 2018 net income totaled $123.7 million or $1.42 per share, compared with $34.9 million or $0.41 per share, during the same period in fiscal 2017.

In the first quarter of fiscal 2018, net financial earnings or NFE totaled $135.3 million, or $1.56 per share, compared with NFE of $40.4 million, or $0.47 per share, during the same period last year.

The company increased fiscal 2018 NFE guidance to $2.55 to $2.65 from a previously announced range of $1.75 to $1.85 per share.

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