New Jersey Resources Raises 2026 Earnings Guidance After Q1

The latest update is out from New Jersey Resources ( (NJR) ).

On February 2, 2026, New Jersey Resources reported fiscal 2026 first‑quarter results for the period ended December 31, 2025, posting consolidated net income of $122.5 million, or $1.22 per share, down from $131.3 million, or $1.32 per share, a year earlier. Net financial earnings were $118.2 million, or $1.17 per share, versus $128.9 million, or $1.29 per share, largely reflecting the absence of a prior‑year gain from the sale of Clean Energy Ventures’ residential solar portfolio, even as New Jersey Natural Gas, Storage and Transportation, and Energy Services all delivered higher year‑over‑year contributions. Despite the lower headline earnings, management raised its fiscal 2026 net financial earnings per share guidance by $0.25 to a range of $3.28 to $3.43, citing strong January 2026 performance at Energy Services driven by natural gas price volatility, and reaffirmed its 7% to 9% long‑term NFEPS growth target off a $2.83 fiscal 2025 base. Segment data underscored the growing importance of the regulated utility and energy‑marketing operations, with NJNG’s first‑quarter NFE rising to $83.8 million on the full impact of a base rate case settlement and stronger BGSS incentive margins, and Energy Services’ NFE more than doubling to $16.3 million, while Clean Energy Ventures declined to $9.6 million due to the prior‑year asset sale. The updated guidance and continued emphasis on regulated returns, storage and transportation growth, and expansion at Clean Energy Ventures signal management’s confidence in its diversified model and its ability to deliver steady earnings growth and long‑term value for shareholders and customers.

The most recent analyst rating on (NJR) stock is a Buy with a $53.00 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 Outperform.

The score is driven primarily by solid profitability and a positive earnings outlook with supportive FY2026 guidance and multi-year growth investments. Valuation is favorable with a moderate P/E and strong dividend yield, while technicals are constructive but tempered by near-term overbought signals. The main constraint is financial quality risk from high leverage and inconsistent/negative free cash flow.

To see Spark’s full report on NJR stock, click here.

More about New Jersey Resources

New Jersey Resources Corporation is a diversified energy company whose core business is New Jersey Natural Gas, a regulated utility serving about 592,000 customers across several New Jersey counties. Through additional segments including Clean Energy Ventures, Storage and Transportation, Energy Services, and Home Services, the company focuses on delivering reliable and affordable natural gas, developing clean energy and solar capacity, and leveraging gas storage, transportation and energy marketing to drive growth and earnings across its integrated platform.

Average Trading Volume: 577,741

Technical Sentiment Signal: Strong Buy

Current Market Cap: $4.98B

For detailed information about NJR stock, go to TipRanks’ Stock Analysis page.