New Jersey Resources Corporation ( (NJR) ) has released its Q4 earnings. Here is a breakdown of the information New Jersey Resources Corporation presented to its investors.
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New Jersey Resources Corporation (NJR) is a Fortune 1000 company operating in the energy sector, providing natural gas and clean energy services through its subsidiaries, including transportation, distribution, asset management, and home services.
In its fiscal 2025 fourth-quarter and year-end results, NJR reported a significant increase in annual net income, reaching $335.6 million, or $3.35 per share, compared to $289.8 million, or $2.94 per share, in the previous year. The company also achieved the high end of its net financial earnings per share guidance, marking the fifth consecutive year of surpassing its initial annual guidance.
Key financial highlights include a record investment of $98 million in energy efficiency programs by New Jersey Natural Gas, and Clean Energy Ventures adding a record 93 megawatts of solar capacity. The Storage and Transportation segment saw strategic developments with the Adelphia Gateway and Leaf River projects. However, the fourth-quarter results showed a decrease in net income and net financial earnings compared to the same period in fiscal 2024, primarily due to higher operating revenue in the prior year.
Looking ahead, NJR maintains a long-term growth target of 7 to 9 percent for net financial earnings per share, with a fiscal 2026 guidance range of $3.03 to $3.18. The company plans to focus on capital investments in its natural gas utility and clean energy ventures, aiming to sustain performance and create enduring value for shareholders.