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New Jersey Resources Corporation (NJR)
NYSE:NJR
Earnings Data
Report Date
May 13, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.77Last Year’s EPS
1.78Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution, a materially improved near-term outlook (guidance raised by $0.25), robust capital plans supported primarily by the regulated utility, and clear growth paths for Storage & Transportation and Clean Energy Ventures. The balance sheet and hedging strategy were presented as strengths that mitigate financing and customer-cost risks. The primary risks noted were execution/timing uncertainty on the optional Leaf River fourth cavern, comparability headwinds from a prior-year solar asset sale, and the elevated capital spending program which increases execution demands. Overall, positives (guidance raise, doubled S&T earnings target, hedging success, no equity issuance needed, record CEV additions, and stable utility earnings) substantially outweigh the manageable and near-term challenges.Company Guidance
Guidance Raised and Strong Earnings Outlook
Fiscal 2026 NFEPS guidance initiated at $3.03–$3.18 and subsequently raised by $0.25 to $3.28–$3.43 per share (midpoint increase of ~8.0%), marking the sixth consecutive year management has raised guidance; the raise was attributed to Energy Services' outperformance during extreme winter weather.
Quarterly NFE Results
Reported NFE of $118.2 million, or $1.17 per share for the quarter, reflecting disciplined execution and a higher utility contribution due to new base rates in place for the full quarter.
Strong Capital Investment Plan
Announced a five-year capital deployment outlook of $4.8–$5.2 billion through fiscal 2030 (referred to as roughly $5 billion), representing a 40% increase versus the prior five years; over 60% of projected CapEx is expected to be dedicated to the regulated utility.
Utility Stability and Contribution
New Jersey Natural Gas expected to contribute roughly 60%–70% of consolidated NFEPS (about 70% for fiscal 2026 after Energy Services outperformance); utility rate base positioned for high single-digit growth through 2030.
Storage & Transportation Growth Trajectory
Management expects Storage & Transportation NFE to more than double by 2027 driven by recontracting at Adelphia and Leaf River, and filed a FERC plan to expand Leaf River working gas capacity by over 70% (expansions to ~43 Bcf by 2028 and optional fourth cavern to ~55 Bcf).
Clean Energy Ventures Momentum
CEV placed a record 93 MW of new commercial solar in service in fiscal 2025 (total portfolio expanded to 479 MW) and added ~10 MW in the quarter; CEV expects in-service capacity to grow by more than 50% over the next two years and is safe-harboring projects to preserve investment tax credits.
Hedging and Customer Affordability Actions
New Jersey Natural Gas was over 87% hedged going into winter with an average hedge price of approximately $2.20 per decatherm for gas in storage and LNG versus Citygate prices that traded in excess of $135 per decatherm during the extreme cold event, demonstrating materially lower supply cost risk for customers; Save Green program participants realize up to ~30% energy usage reductions and more than 110,000 customers have participated to date.
Balance Sheet and Financial Flexibility
Management expects strong cash generation with adjusted FFO to adjusted debt projected around ~20% over the next five years, ample liquidity, a well-laddered debt profile, and no need for a block equity issuance to fund the capital plan.
Operational Execution in Extreme Weather
Company reported safe, uninterrupted operation through an extraordinary, record-setting cold weather event; utility delivered highest-ever seven-day sendouts and non-utility assets (Adelphia, Leaf River, Energy Services) performed under high utilization, generating incremental financial margin.
Corporate Milestones and ESG
Recorded 30 consecutive years of dividend increases; issued fiscal 2025 Corporate Sustainability Report focused on affordability and energy efficiency efforts.
NJR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NJR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 02, 2026 | $50.05 | $51.81 | +3.52% |
Nov 19, 2025 | $45.67 | $47.54 | +4.09% |
Aug 04, 2025 | $45.27 | $45.71 | +0.97% |
May 05, 2025 | $47.62 | $47.27 | -0.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does New Jersey Resources Corporation (NJR) report earnings?
New Jersey Resources Corporation (NJR) is schdueled to report earning on May 13, 2026, Before Open (Confirmed).
What is New Jersey Resources Corporation (NJR) earnings time?
New Jersey Resources Corporation (NJR) earnings time is at May 13, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NJR EPS forecast?
NJR EPS forecast for the fiscal quarter 2026 (Q2) is 1.77.