NEW JERSEY RESOURCES CORP Earnings Per Share Disclosure
| (Thousands, except per share amounts) | 2025 | 2024 | 2023 | ||||||||
| Net income, as reported | $ | 335,627 | $ | 289,775 | $ | 264,724 | |||||
| Basic earnings per share | |||||||||||
| Weighted average shares of common stock outstanding-basic | 100,244 | 98,634 | 97,028 | ||||||||
| Basic earnings per common share | $3.35 | $2.94 | $2.73 | ||||||||
| Diluted earnings per share | |||||||||||
| Weighted average shares of common stock outstanding-basic | 100,244 | 98,634 | 97,028 | ||||||||
Incremental shares (1) | 544 | 655 | 599 | ||||||||
| Weighted average shares of common stock outstanding-diluted | 100,788 | 99,289 | 97,627 | ||||||||
| Diluted earnings per common share | $3.33 | $2.92 | $2.71 | ||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Nov 20, 2025 | Showing above |
| 2021 | Nov 18, 2021 | |
| 2020 | Nov 30, 2020 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.