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Good earnings news, bad earnings news for N.J. Resources

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New Jersey Resources, the Wall-based parent of New Jersey Natural Gas and other utility services, announced Thursday that its fiscal third quarter results were down from the previous year, but its year-to-date net income was up.

NJR said in a news release that net earnings for the quarter were $4.5 million, or 11 cents per share, down from $9.7 million, or 23 cents per share, in the third quarter of 2013. However, for the nine months ended June 30, NJR’s net earnings totaled $196.3 million, or $4.67 per share, up from $113.9 million, or $2.73 per share, in the first nine months of 2013.

“We’re having an extraordinary year, led by the results at three of our key subsidiaries,” Laurence M. Downes, chairman and CEO, said in the release.

Eric Strauss

Eric Strauss

Eric Strauss is the digital content editor for NJBIZ. He has been a reporter and editor for newspapers in New Jersey and Pennsylvania, as well as for a number of websites. You can contact him at erics@njbiz.com or @acerimrat on Twitter.

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