Exceeding Earnings Guidance
New Jersey Resources exceeded initial earnings guidance and long-term growth targets for the fifth consecutive year in fiscal 2025.
Strong Financial Metrics
Guidance for NFEPS of $3.03 to $3.18 per share in fiscal 2026, aligning with a 7% to 9% growth rate.
Significant Capital Investment
Projected investment of roughly $5 billion over the next 5 years, a 40% increase compared to the past 5 years, with 60% allocated to New Jersey Natural Gas.
Growth in Business Segments
S&T expected to double net financial earnings by 2027, and Clean Energy Ventures to expand capacity by over 50% in the next 2 years.
Record Capacity in Clean Energy Ventures
93 megawatts of new commercial solar capacity added in fiscal 2025, expanding the portfolio to 479 megawatts.
Dividend Growth
Marked the 30th consecutive year of dividend increases, showcasing confidence in long-term plans.
Positive Contract Developments
S&T has seen strong recontracting with higher contract rates, significantly improving earnings potential.