NJR - New Jersey Resources hikes FY 2021 net financial earnings guidance

New Jersey Resources (NJR) says it raised its guidance for full year net financial earnings to $1.85-$1.95/share from its previous outlook for $1.55-$1.65/share.The company cites better than expected results at its Energy Services unit, as widespread cold across the U.S. led to unusually high demand for natural gas during FQ2.The company says its Leaf River natural gas storage facility located in Mississippi also performed well.New Jersey Resources failed to generate enough cash to cover its dividend in its latest quarter, Power Hedge writes in a neutral analysis published on Seeking Alpha.

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New Jersey Resources hikes FY 2021 net financial earnings guidance