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New Jersey Resources ( (NJR) ) has shared an update.
New Jersey Resources reported stronger results for its fiscal 2026 second quarter ended March 31, 2026, with consolidated net income rising to $218.9 million, or $2.17 per share, from $204.3 million, or $2.04 per share, a year earlier. Net financial earnings also increased to $221.5 million, or $2.20 per share, versus $178.3 million, or $1.78 per share, supported by higher contributions from New Jersey Natural Gas, Storage and Transportation, and particularly Energy Services.
For the first six months of fiscal 2026, net income edged up to $341.4 million and net financial earnings to $339.6 million, both modestly above the prior-year period, while CEO Steve Westhoven highlighted strong winter operations and hedging that helped customers manage costs. Reflecting Energy Services’ continued outperformance, NJR raised its fiscal 2026 net financial earnings per share guidance for the second time this year, to $3.48–$3.63, and outlined an earnings mix still led by New Jersey Natural Gas, underscoring the company’s confidence in sustaining 7–9 percent long-term NFEPS growth from its 2025 base.
The most recent analyst rating on (NJR) stock is a Buy with a $61.00 price target. To see the full list of analyst forecasts on New Jersey Resources stock, see the NJR Stock Forecast page.
Spark’s Take on NJR Stock
According to Spark, TipRanks’ AI Analyst, NJR is a Neutral.
The score is driven by solid core profitability but constrained by negative free cash flow and elevated leverage. Earnings-call messaging was notably constructive with a meaningful guidance raise and reiterated growth targets, while technicals show an uptrend but with overextended momentum indicators. Valuation is reasonable for the sector, supported by a mid-single-digit dividend yield.
To see Spark’s full report on NJR stock, click here.
More about New Jersey Resources
New Jersey Resources Corporation is an energy infrastructure company whose core businesses include New Jersey Natural Gas, Energy Services, Storage and Transportation, Clean Energy Ventures and Home Services. It focuses on regulated natural gas distribution in New Jersey, energy marketing and services, midstream storage and transport, and selected clean energy investments that diversify its earnings base.
Average Trading Volume: 536,972
Technical Sentiment Signal: Buy
Current Market Cap: $5.65B
See more insights into NJR stock on TipRanks’ Stock Analysis page.