New Jersey Resources Corporation (NJR)
NYSE:NJR
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Earnings Data
Report Date
Aug 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.03Last Year’s EPS
0.06Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial performance driven by Energy Services outperformance, robust utility operations during an extreme winter, meaningful customer savings, clear near-term visibility in Storage & Transportation, and accelerating Clean Energy Ventures scale. Key strengths include a dramatic year-over-year increase in Q2 net financial earnings, raised FY2026 guidance, substantial capex deployment with maintained credit metrics, and a large clean-energy pipeline. Principal weaknesses or risks are CEV year-to-date comparability due to prior one-time gains, ongoing regulatory and execution risk for Leaf River expansion, concentration of the guidance uplift in Energy Services, and sizable multi-year capital commitments that require continued disciplined execution.Company Guidance
Exceptional Q2 Net Financial Earnings
Consolidated net financial earnings of $221.5M ($2.20 per share) in Q2 FY2026 vs $17.3M ($0.38) in Q2 FY2025 — a dollar increase of ~$204.2M (≈+1,181%) and EPS increase of ~$1.82 (≈+479%).
Raised FY2026 NFEPS Guidance
Company raised fiscal 2026 NFEPS guidance to $3.48–$3.62 per share, marking two upward revisions this year (prior raise of $0.25 then an additional $0.20), driven by Energy Services outperformance.
Energy Services Outperformance Driving Results
Energy Services delivered continuous outperformance through January–March, materially boosting Q2 results and incremental cash flow; management increased the segment's expected contribution to FY2026 NFEPS and noted it reduces near-term equity/debt needs.
Strong Utility Performance and Customer Savings During Extreme Winter
New Jersey Natural Gas recorded the highest send-out days in its history during a demanding winter, with ~87% of winter gas supply hedged at an average hedge price of ~$3.27 per dekatherm; program-generated gross customer savings exceeded $93M this winter and >$1.6B over the life of the basic gas supply incentive program. SAVEGREEN energy-efficiency participation exceeds 115,000 customers with bill savings up to 30%.
Storage & Transportation: Clear Near-Term Earnings Visibility
Management expects Storage & Transportation net financial earnings to more than double over the next two years driven by strong recontracting (fixed-fee agreements) at Philadelphia and Leaf River; Leaf River expansion filing proposes >70% increase in working gas capacity and has received a FERC environmental accession, with initial long-term contract(s) supporting the first expansion phase.
Clean Energy Ventures (CEV) Scaling with Large Pipeline
CEV increased installed capacity nearly 25% in FY2025, added 33 MW year-to-date, surpassed 500 MW of in-service capacity, and has a project pipeline >1.2 GW. Management expects to increase installed capacity another ~50% through FY2027 and targets unlevered after-tax returns in the high single to low double-digit range.
Capital Deployment and Strong Financial Position
Deployed ~ $400M of capital year-to-date (≈2/3 to New Jersey Natural Gas). Maintains 5-year CapEx outlook of $4.8–$5.2B through FY2030, expects >60% of capital to be utility investments, targets 7%–9% long-term net growth, and projects adjusted debt-to-capital to remain around ~20% over the next 5 years with ample liquidity and a well-laddered debt maturity profile.
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 |
|---|---|---|---|
May 04, 2026 | $56.10 | $55.99 | -0.20% |
Feb 02, 2026 | $49.61 | $51.36 | +3.52% |
Nov 19, 2025 | $45.27 | $47.13 | +4.10% |
Aug 04, 2025 | $44.87 | $45.31 | +0.97% |
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 Aug 12, 2026, Before Open (Confirmed).
What is New Jersey Resources Corporation (NJR) earnings time?
New Jersey Resources Corporation (NJR) earnings time is at Aug 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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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 (Q3) is 0.03.