WALL, N.J.--(BUSINESS WIRE)--The board of directors (the “Board”) of New Jersey Resources Corporation (NYSE: NJR) unanimously approved an increase in the quarterly dividend rate to $0.50 per share from $0.475 per share. The new quarterly rate will be effective with the dividend payable October 1, 2026, to shareowners of record on September 24, 2026.
The new annual dividend rate will be $2.00 per share. NJR has paid quarterly dividends continuously since its inception in 1952, and has raised the dividend every year for the last 31 years.
Steve Westhoven, President and CEO of NJR, stated, “This dividend increase reflects the Board’s confidence in NJR’s financial strength and long-term growth prospects. We are proud to raise our dividend for the 31st consecutive year and continue delivering value to shareowners.”
About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a diversified energy infrastructure and energy services company headquartered in Wall, New Jersey.
NJR is composed of five primary businesses:
New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains natural gas transportation and distribution infrastructure to serve customers in New Jersey’s Monmouth, Ocean, Morris, Middlesex, Sussex and Burlington counties. NJR Clean Energy Ventures invests in, owns and operates solar projects, providing customers with low-carbon solutions. NJR Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America. Storage and Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River and the Adelphia Gateway Pipeline, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility. Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators and other indoor and outdoor comfort products to residential homes throughout New Jersey. NJR and its over 1,300 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as SAVEGREEN®.
For more information about NJR:
www.njresources.com.
Follow us on X.com (Twitter) @NJNaturalGas.
“Like” us on facebook.com/NewJerseyNaturalGas.
Connor Clark & Lunn Investment Management Ltd. purchased a new stake in NewJersey Resources Corporation (NYSE:NJR – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,662 shares of the utilities provider’s stock, valued at approximately $541,000.
Several other hedge funds also recently modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new position in NewJersey Resources in the 3rd quarter worth about $28,000. Root Financial Partners LLC raised its position in NewJersey Resources by 56.5% in the first quarter. Root Financial Partners LLC now owns 526 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 190 shares during the last quarter. Essential Partners LLC raised its position in NewJersey Resources by 67.3% in the second quarter. Essential Partners LLC now owns 686 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 276 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of NewJersey Resources by 118.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 933 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 505 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its stake in shares of NewJersey Resources by 172.7% during the first quarter. CENTRAL TRUST Co now owns 818 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 518 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.
Wall Street Analyst Weigh In NJR has been the subject of several recent research reports. Wells Fargo & Company downgraded NewJersey Resources from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $63.00 to $61.00 in a research note on Wednesday, August 5th. Weiss Ratings downgraded shares of NewJersey Resources from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Finally, Argus set a $63.00 target price on shares of NewJersey Resources in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $57.83.
Get Our Latest Analysis on NewJersey Resources NewJersey Resources Stock Down 0.3% Shares of NYSE:NJR opened at $53.43 on Tuesday. The firm has a market cap of $5.42 billion, a P/E ratio of 14.76 and a beta of 0.50. NewJersey Resources Corporation has a 12-month low of $43.46 and a 12-month high of $60.86. The business has a fifty day simple moving average of $56.71 and a 200 day simple moving average of $55.72. The company has a quick ratio of 0.45, a current ratio of 0.66 and a debt-to-equity ratio of 1.21.
NewJersey Resources (NYSE:NJR – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. The company had revenue of $349.18 million during the quarter, compared to analysts’ expectations of $342.13 million. NewJersey Resources had a return on equity of 14.46% and a net margin of 16.42%.The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.15) earnings per share. NewJersey Resources has set its FY 2026 guidance at 3.520-3.620 EPS. Analysts predict that NewJersey Resources Corporation will post 3.59 earnings per share for the current year.
Insider Transactions at NewJersey Resources In other NewJersey Resources news, COO Patrick J. Migliaccio sold 3,000 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $55.63, for a total value of $166,890.00. Following the completion of the sale, the chief operating officer directly owned 32,202 shares in the company, valued at approximately $1,791,397.26. This trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.
NewJersey Resources Profile (Free Report)
New Jersey Resources Corporation is a publicly traded energy services holding company headquartered in Wall Township, New Jersey. The firm’s primary focus is on the safe and reliable distribution of natural gas, along with complementary energy services and renewable energy investments. Its operations center on delivering cost-effective solutions to residential, commercial and industrial customers throughout the state.
The company’s principal subsidiary, New Jersey Natural Gas, owns and operates an extensive pipeline network that spans northern, central and southern New Jersey.
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Patrick J. Migliaccio, Senior VP and COO, and NJNG at New Jersey Resources (NJR +0.41%), sold 3,000 shares of common stock on Aug. 14, 2026, according to an SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$166,890Shares sold3,000Post-transaction shares (directly held)32,202Post-transaction value$1.7 millionTransaction value based on SEC Form 4 weighted average sale price ($55.63); post-transaction value based on Aug. 14, 2026, market close ($55.60).
Key questionsWhat is the scale of this disposition relative to the insider's total equity?
Patrick J. Migliaccio liquidated 3,000 shares in this transaction. Following the sale, his remaining direct position consists of 32,202 shares of common stock.Does the insider maintain any indirect interest in the firm?
The current disclosure shows that the insider's holdings are concentrated in direct ownership. While a footnote mentions minor market-based adjustments to a 401(k) plan balance, no shares were reported as held through external trusts, LLCs, or other indirect entities.How does the current valuation compare to the transaction price?
The weighted average execution price of $55.63 per share was closely aligned with the market close of $55.60 on Aug. 14, 2026. This activity occurred with the stock priced at levels reflecting a 17% total return over the preceding 12-month period.Company OverviewMetricValueShare Price (as of market close 2026-08-14)$55.60Market Capitalization$5.6 billionRevenue (TTM)$2.2 billionNet Income (TTM)$366.2 millionCompany SnapshotNew Jersey Resources operates as a diversified energy holding company providing regulated natural gas distribution services to approximately 564,000 residential and commercial customers, complemented by retail and wholesale energy solutions across multiple business segments.The company generates revenue through its Clean Energy Ventures, Storage and Transportation, and its regulated gas business. NJR primarily serves residential and commercial customers in New Jersey and surrounding regions through its regulated natural gas utility platform, while also offering energy solutions to wholesale and retail market participants seeking diversified energy products and services.New Jersey Resources is a substantial energy infrastructure operator with $2.2 billion in TTM revenue, positioning it as a significant player in the regulated utility sector. The company's diversified business model across distribution, clean energy ventures, energy services, and storage infrastructure provides multiple revenue streams and operational leverage. NJR's competitive positioning is reinforced by its regulated utility foundation, which offers stable cash flows, combined with strategic investments in clean energy and energy services that align with evolving market dynamics and regulatory priorities.
What this transaction means for investorsThe stock price for New Jersey Resources is underperforming the S&P 500 thus far in 2026. As of this writing, the New Jersey Resources stock price has climbed 13.5%, while the S&P 500 is up 18.8%. That said, the stock is still trading near its 52-week high of $60.86 per share. With Migliaccio selling 3,000 shares, it appears likely this is just an example of taking some profits off the table. That's because, given the context, he still has over 32,000 shares held directly. With that stake still in hand, this sale shouldn't start ringing any alarm bells for shareholders.
As a regulated utility, one of the biggest pros of owning the stock is its reliable revenue. One of the cons is that the potential to significantly increase sales is often limited, so regulated utility stocks aren't known for their stock price appreciation. That seems to also be the case with New Jersey Resources. Of the eight analysts who track New Jersey Resources, as tracked by CNN, the median one-year price target is $61, implying a 13.5% return from the current price as of this writing. The lowest price target of those analysts is $56, while the highest is $64.
Jack Delaney has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
NewJersey Resources NYSE: NJR tightened its fiscal 2026 net financial earnings per share guidance after reporting higher third-quarter earnings, citing improved contributions from its Clean Energy Ventures and Storage and Transportation businesses.
The company now expects fiscal 2026 net financial earnings per share of $3.52 to $3.62, narrowing its prior range while raising its midpoint. Chief Financial Officer Roberto Bel said the update reflects increased visibility into full-year results and benefits from the company’s diversified business model.
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Third-quarter consolidated net financial earnings totaled $11.3 million, or $0.11 per share, compared with $6.2 million, or $0.06 per share, in the corresponding fiscal 2025 period. Bel attributed the improvement to additional Clean Energy Ventures projects entering service and favorable recontracting activity at Storage and Transportation.
For the year-to-date period, Bel noted that a higher net loss at Clean Energy Ventures reflected a comparison with the prior year, when the company recorded a one-time gain from the sale of its residential solar business.
Capital plan rises on utility investment NJR deployed approximately $630 million in capital across its businesses through the first nine months of fiscal 2026. About two-thirds of that spending went to New Jersey Natural Gas, with investments concentrated on core infrastructure, system safety, reliability and resiliency, according to management.
The company increased its fiscal 2026 capital-investment outlook to $815 million to $950 million, from a prior range of $775 million to $930 million. The higher forecast is primarily tied to additional utility investments focused on safety and reliability initiatives.
Management maintained its investment range for Clean Energy Ventures. Bel said the company is confident it can reach the lower end of that range based on projects already underway, while retaining the option to move toward the upper end as it evaluates its project pipeline.
NJR did not change its fiscal 2027 estimates and reaffirmed a five-year capital-expenditure outlook of $4.8 billion to $5.2 billion through fiscal 2030. The company said the plan supports its long-term target of 7% to 9% growth in net financial earnings per share while remaining consistent with its credit objectives.
Bel also said NJR expects its adjusted funds from operations-to-adjusted debt ratio to exceed 20% in fiscal 2026. He cited cash generation from the company’s businesses, available liquidity and a well-laddered debt-maturity schedule as support for its capital plan.
Utility rate filings target customer affordability President and Chief Executive Officer Stephen Westhoven said New Jersey Natural Gas filed a package of proposals with the New Jersey Board of Public Utilities on June 1 that combines changes to gas supply, conservation and energy-efficiency programs with a base-rate case.
The objective is to give customers bill relief before the coming winter while continuing to fund long-term system investments, Westhoven said. Once the filing elements are implemented, customer bills are expected to remain “nearly flat,” according to the company.
During the question-and-answer session, Westhoven characterized the proceeding as a “normal kind of plain vanilla rate case” and said management had not seen meaningful differences from previous rate cases. He said the company remains focused on affordability and noted that natural gas is the lowest-cost way to heat homes and businesses, according to management.
Westhoven said the state’s executive-order-related utility review has primarily focused on electric companies so far. NJR is monitoring the process for potential opportunities, including changes that could make regulatory processes smoother, but has not been closely involved, he said.
Storage expansion and clean-energy opportunities NJR’s Storage and Transportation business received a Federal Energy Regulatory Commission certificate for its Adelphia Gateway expansion ahead of schedule, a milestone Westhoven said supports the project’s expected development timeline.
The business continues to benefit from favorable recontracting, and management expects that uplift to support a doubling of Storage and Transportation earnings from fiscal 2025 to fiscal 2027. Westhoven said demand remains strong for the company’s midstream services and indicated that potential future expansions could include further Adelphia Gateway development, compression additions and other investments.
Those potential projects are not included in the current capital plan. NJR said it expects to provide additional detail when it updates its fiscal 2027 outlook and capital plan in November.
At Clean Energy Ventures, the company continues to place capacity into service while pursuing development and optimization opportunities across its existing portfolio. Westhoven said NJR sees potential to use existing interconnections and infrastructure in New Jersey and the Northeast to add capacity to power markets.
He said any such investment would be additive to the current plan and would require an appropriate structure, return profile and risk profile before the company commits capital. Management did not provide a timetable for when it may disclose further details.
About NewJersey Resources (NYSE:NJR)New Jersey Resources Corporation is a publicly traded energy services holding company headquartered in Wall Township, New Jersey. The firm's primary focus is on the safe and reliable distribution of natural gas, along with complementary energy services and renewable energy investments. Its operations center on delivering cost-effective solutions to residential, commercial and industrial customers throughout the state.
The company's principal subsidiary, New Jersey Natural Gas, owns and operates an extensive pipeline network that spans northern, central and southern New Jersey.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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New Jersey Resources (NJR - Free Report) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +83.33%. A quarter ago, it was expected that this energy services holding company would post earnings of $1.89 per share when it actually produced earnings of $2.2, delivering a surprise of +16.4%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
New Jersey Resources, which belongs to the Zacks Utility - Gas Distribution industry, posted revenues of $349.18 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.27%. This compares to year-ago revenues of $298.95 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
New Jersey Resources shares have added about 25.5% since the beginning of the year versus the S&P 500's gain of 9.4%.
What's Next for New Jersey Resources?While New Jersey Resources has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for New Jersey Resources was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.16 on $379.41 million in revenues for the coming quarter and $3.58 on $2.24 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Gas Distribution is currently in the bottom 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, UGI (UGI - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.
This natural gas and electric utilities operator. is expected to post quarterly loss of $0.35 per share in its upcoming report, which represents a year-over-year change of -3400%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
UGI's revenues are expected to be $1.55 billion, up 11.1% from the year-ago quarter.
WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources Corporation (NYSE: NJR) today reported financial and operating results for its fiscal 2026 third quarter and year-to-date period ended June 30, 2026.
Financial Highlights
Fiscal 2026 third-quarter consolidated net income of $9.7 million, or $0.10 per share, compared with net loss of $(15.1) million, or $(0.15) per share, in the third quarter of fiscal 2025 Fiscal 2026 third-quarter consolidated net financial earnings (NFE), a non-GAAP financial measure, of $11.3 million, or $0.11 per share, compared with $6.2 million, or $0.06 per share, in the third quarter of fiscal 2025 Fiscal 2026 year-to-date net income totaled $351.1 million, or $3.48 per share, compared with $320.6 million, or $3.20 per share, for the same period in fiscal 2025 Fiscal 2026 year-to-date NFE totaled $350.9 million, or $3.48 per share, compared with $313.4 million, or $3.13 per share, for the same period in fiscal 2025 Fiscal 2026 and Long-Term Outlook
Tightens fiscal 2026 net financial earnings per share (NFEPS) guidance to a range of $3.52 to $3.62, from its previous range of $3.48 to $3.63 Maintains 7 to 9 percent long-term NFEPS growth target, starting from a fiscal 2025 base of $2.83 per share* Management Commentary
Steve Westhoven, President and CEO of New Jersey Resources, stated, “Our year-to-date performance reflects the continued strength of our diversified business model, supported by solid execution across our operations. We are pleased to raise the lower end of our fiscal 2026 NFEPS guidance, as we remain focused on delivering reliable, affordable energy and long-term value for our shareowners.”
Fiscal 2026 NFEPS Guidance and Expected NFE Contributions by Segment
NJR is tightening its fiscal 2026 NFEPS guidance to a range of $3.52 to $3.62 from $3.48 to $3.63, subject to the risks and uncertainties identified below under "Forward-Looking Statements."
The following chart represents NJR’s current expected NFE contributions from its business segments for fiscal 2026:
Segment
Expected fiscal 2026
net financial earnings contribution
New Jersey Natural Gas
59 to 62 percent
Clean Energy Ventures
10 to 13 percent
Storage and Transportation
8 to 11 percent
Energy Services
21 to 23 percent
Home Services and Other
0 to 1 percent
In providing fiscal 2026 NFE guidance, management is aware that there could be differences between reported GAAP net income and NFE due to matters such as, but not limited to, the positions of our energy-related derivatives. Management is not able to reasonably estimate the aggregate impact or significance of these items on reported earnings and, therefore, is not able to provide a reconciliation to the corresponding GAAP equivalent for its operating earnings guidance without unreasonable efforts.
Financial Metrics
Three Months Ended
Nine Months Ended
June 30,
June 30,
($ in Thousands, except per share data)
2026
2025
2026
2025
Net income (loss)
$
9,689
$
(15,051
)
$
351,091
$
320,555
Basic EPS
$
0.10
$
(0.15
)
$
3.48
$
3.20
Net financial earnings*
$
11,304
$
6,198
$
350,940
$
313,388
Basic net financial earnings per share*
$
0.11
$
0.06
$
3.48
$
3.13
*A reconciliation of net income to NFE for the three and nine months ended June 30, 2026 and 2025, respectively is provided in the financial statements below.
Net Financial Earnings (Loss) by Business Segment
Three Months Ended
Nine Months Ended
June 30,
June 30,
($ in Thousands)
2026
2025
2026
2025
New Jersey Natural Gas
$
6,087
$
10,079
$
238,429
$
221,518
Clean Energy Ventures
(312
)
(6,857
)
4,055
37,315
Storage and Transportation
8,762
5,898
23,833
13,905
Energy Services
(4,035
)
(3,734
)
84,531
39,400
Home Services and Other
579
481
839
418
Subtotal
11,081
5,867
351,687
312,556
Eliminations
223
331
(747
)
832
Total
$
11,304
$
6,198
$
350,940
$
313,388
New Jersey Natural Gas (NJNG)
NJNG reported fiscal 2026 third-quarter NFE of $6.1 million, compared to NFE of $10.1 million during the same period in fiscal 2025. The decrease in NFE for the period was driven primarily by higher depreciation expense as a result of additional utility plant being placed into service, partially offset by higher utility gross margin.
Fiscal 2026 year-to-date NFE totaled $238.4 million, compared with NFE of $221.5 million for the same period in fiscal 2025. The increase in NFE for the period was due to higher base rates in October and November of fiscal 2026 compared to the same period of fiscal 2025 (new rates were effective November 21, 2024) as well as continued customer growth and higher Basic Gas Supply Service (BGSS) incentives.
Customers:
At June 30, 2026, NJNG serviced approximately 595,000 customers in New Jersey’s Monmouth, Ocean, Morris, Middlesex, Sussex and Burlington counties, compared to approximately 589,000 customers as of September 30, 2025. Regulatory Filings:
On June 1, 2026, NJNG submitted its annual Basic Gas Supply Service (BGSS), Conservation Incentive Program (CIP) and Energy-Efficiency filings to the New Jersey Board of Public Utilities (BPU) that, taken together, would provide customers with an 8.9% reduction in customer bills in advance of the 2026-2027 winter season – a $158 annual savings for the average residential customer – and bill stability while seeking recovery for investments in the continued delivery of safe, reliable natural gas service, which is the most affordable energy to heat homes and businesses. Also, on June 1, 2026, NJNG filed a base rate case with the BPU, seeking a $157.6 million increase to its base rates. The filing is based on an overall rate of return on rate base of 7.60 percent with a return on common equity of 10.10 percent. The proposed increase reflects a 55.50 percent common equity component. Once all filings are implemented, NJNG anticipates that the overall net result will leave NJNG annualized average customer bills nearly flat compared to today’s rates. Unless otherwise noted, NJNG cannot predict the outcome or ultimate resolution for open regulatory matters. BGSS Incentive Programs1:
BGSS incentive programs contributed $20.4 million to utility gross margin during the first nine months of fiscal 2026, compared with $14.5 million for the same period in fiscal 2025. This increase was primarily driven by increased margins from off-system sales and capacity release due to market volatility as a result of colder weather. For more information on utility gross margin, please see "Non-GAAP Financial Information" below.
Energy-Efficiency Programs:
SAVEGREEN® invested $78.8 million in the first nine months of fiscal 2026 in energy-efficiency upgrades for customers' homes and businesses. Investments in SAVEGREEN® are incremental to rate base and earn near-real time returns through an annual recovery mechanism. More than 115,000 customers have taken part in SAVEGREEN® to date, with those utilizing our whole home offerings realizing bill savings of up to 30%. Clean Energy Ventures (CEV)
CEV reported fiscal 2026 third-quarter net financial loss of $(0.3) million, compared with $(6.9) million during the third quarter of fiscal 2025, reflecting higher revenue, partially offset by higher depreciation and interest expense associated with capital invested over the past year.
Fiscal 2026 year-to-date NFE totaled $4.1 million, compared with NFE of $37.3 million for the same period in fiscal 2025. The decrease was primarily due to a gain from the sale of CEV's residential solar portfolio assets that was recognized in the prior year period.
Solar Investment Update:
During the first nine months of fiscal 2026, CEV placed eight commercial projects into service, adding 57.8 megawatts (MW)* to installed capacity. As of June 30, 2026, CEV had approximately 537MW of commercial solar capacity in service across New Jersey, New York, Connecticut, Pennsylvania, Rhode Island, Indiana, and Michigan. Storage and Transportation (S&T)
S&T reported fiscal 2026 third-quarter NFE of $8.8 million, compared with NFE of $5.9 million during the same period in fiscal 2025. Fiscal 2026 year-to-date NFE totaled $23.8 million, compared with NFE of $13.9 million for the same period in fiscal 2025.
NFE increased during both periods mainly due to higher operating income at Adelphia Gateway (Adelphia) primarily due to the impact of its Section 4 rate case settlement and higher firm storage rates at Leaf River.
Energy Services (ES)
ES reported fiscal 2026 third-quarter net financial loss of $(4.0) million, remaining largely flat compared with net financial loss of $(3.7) million for the same period in fiscal 2025.
Fiscal 2026 year-to-date NFE totaled $84.5 million, compared with NFE of $39.4 million for the same period in fiscal 2025. The increase in NFE was primarily due to higher natural gas price volatility that allowed ES to capture additional financial margin.
Home Services and Other Operations
Home Services and Other Operations reported fiscal 2026 third-quarter NFE of $0.6 million, compared with $0.5 million for the same period in fiscal 2025.
Fiscal 2026 year-to-date NFE totaled $0.8 million, compared with NFE of $0.4 million for the same period in fiscal 2025.
Capital Expenditures and Cash Flows:
During the first nine months of fiscal 2026, capital expenditures were $553.0 million, including accruals, compared with $456.8 million during the same period in fiscal 2025. The increase in capital expenditures was primarily due to higher expenditures at NJNG and CEV. NJR expects to deploy between $4.8 billion and $5.2 billion in capital expenditures through 2030, with utility spending at NJNG representing over 60% of the investment, all planned CEV capital expenditures safe-harbored to preserve tax credit eligibility, and strategic growth opportunities at S&T supporting long-term value creation. During the first nine months of fiscal 2026, cash flows from operations increased to $577.8 million, compared to cash flows from operations of $385.2 million in the same period in fiscal 2025, due primarily to an increase in financial margin at ES and higher base rates at NJNG. Conference Call to be Webcast on August 4, 2026
New Jersey Resources will host a live webcast of its fiscal 2026 third quarter financial results on Tuesday, August 4, 2026, at 10 a.m. ET. A few minutes prior to the webcast, visit www.njresources.com and select “Investor Relations.” Scroll down and click the webcast link under “Latest Events” on the right side of the page.
About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a diversified energy infrastructure and energy services company headquartered in Wall, New Jersey.
NJR is composed of five primary businesses:
New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains natural gas transportation and distribution infrastructure to serve customers in New Jersey’s Monmouth, Ocean, Morris, Middlesex, Sussex and Burlington counties. Clean Energy Ventures invests in, owns and operates solar projects, providing customers with low-carbon solutions. Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America. Storage and Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River and the Adelphia Gateway pipeline, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility. Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators and other indoor and outdoor comfort products to residential homes throughout New Jersey. NJR and its over 1,300 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as SAVEGREEN®.
For more information about NJR:
www.njresources.com.
Follow us on X.com (Twitter) @NJNaturalGas.
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Forward-Looking Statements:
This earnings release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. NJR cautions readers that the assumptions forming the basis for forward-looking statements include many factors that are beyond NJR’s ability to control or estimate precisely, such as expectations regarding future market conditions and the behavior of other market participants. Words such as “anticipates,” “estimates,” “expects,” “projects,” “may,” “will,” “intends,” “plans,” “believes,” “should” and similar expressions may identify forward-looking statements and such forward-looking statements are made based upon management’s current expectations, assumptions and beliefs as of this date concerning future developments and their potential effect upon NJR. There can be no assurance that future developments will be in accordance with management’s expectations, assumptions and beliefs or that the effect of future developments on NJR will be those anticipated by management. Forward-looking statements in this earnings release include, but are not limited to, statements regarding NJR’s NFEPS guidance for fiscal 2026, projected NFEPS growth rates and our guidance range, forecasted contributions of business segments to NJR’s NFE for fiscal 2026, our capital plan through 2030, including our capital expenditure projections through 2030, infrastructure programs and investments, future decarbonization opportunities including IIP, Energy Efficiency programs; the outcome or timing of our Base Rate Case and other filings with the BPU, and other legal and regulatory expectations and statements that include other projections, predictions, expectations or beliefs about future events or results or otherwise are not statements of historical fact.
Additional information and factors that could cause actual results to differ materially from NJR’s expectations are contained in NJR’s filings with the U.S. Securities and Exchange Commission (SEC), including NJR’s Annual Reports on Form 10-K and subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other SEC filings, which are available at the SEC’s website, http://www.sec.gov. Information included in this earnings release is representative as of today only and while NJR periodically reassesses material trends and uncertainties affecting NJR's results of operations and financial condition in connection with its preparation of management's discussion and analysis of results of operations and financial condition contained in its Quarterly and Annual Reports filed with the SEC, NJR does not, by including this statement, assume any obligation to review or revise any particular forward-looking statement referenced herein in light of new information, future events or otherwise, except as required by law.
Non-GAAP Financial Information:
This earnings release includes the non-GAAP financial measures NFE/net financial loss, NFE per basic share, financial margin and utility gross margin. A reconciliation of these non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP can be found below. As an indicator of NJR’s operating performance, these measures should not be considered an alternative to, or more meaningful than, net income or operating revenues as determined in accordance with GAAP. This information has been provided pursuant to the requirements of SEC Regulation G.
NFE and financial margin exclude unrealized gains or losses on derivative instruments related to NJR’s unregulated subsidiaries and certain realized gains and losses on derivative instruments related to natural gas that has been placed into storage at ES, net of applicable tax adjustments as described below. Financial margin also differs from gross margin as defined on a GAAP basis as it excludes certain operations and maintenance expense and depreciation and amortization expenses as well as the effects of derivatives as discussed above. Volatility associated with the change in value of these financial instruments and physical commodity reported on the income statement in the current period. In order to manage its business, NJR views its results without the impacts of the unrealized gains and losses, and certain realized gains and losses, caused by changes in value of these financial instruments and physical commodity contracts prior to the completion of the planned transaction because it shows changes in value currently instead of when the planned transaction ultimately is settled. An annual estimated effective tax rate is calculated for NFE purposes and any necessary quarterly tax adjustment is applied to ES.
NJNG’s utility gross margin is defined as operating revenues less natural gas purchases, sales tax, and regulatory rider expenses. This measure differs from gross margin as presented on a GAAP basis as it excludes certain operations and maintenance expense and depreciation and amortization. Utility gross margin may also not be comparable to the definition of gross margin used by others in the natural gas distribution business and other industries. Management believes that utility gross margin provides a meaningful basis for evaluating utility operations since natural gas costs, sales tax and regulatory rider expenses are included in operating revenues and passed through to customers and, therefore, have no effect on utility gross margin.
Management uses these non-GAAP financial measures as supplemental measures to other GAAP results to provide a more complete understanding of NJR’s performance. Management believes these non-GAAP financial measures are more reflective of NJR’s business model, provide transparency to investors and enable period-to-period comparability of financial performance. A reconciliation of all non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP can be found below. For a full discussion of NJR’s non-GAAP financial measures, please see NJR’s most recent Annual Report on Form 10-K, Item 7.
NEW JERSEY RESOURCES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
Three Months Ended
Nine Months Ended
June 30,
June 30,
(Thousands, except per share data)
2026
2025
2026
2025
OPERATING REVENUES
Utility
$
200,869
$
204,790
$
1,251,692
$
1,156,558
Nonutility
148,311
94,156
641,743
543,776
Total operating revenues
349,180
298,946
1,893,435
1,700,334
OPERATING EXPENSES
Gas purchases
Utility
64,255
73,321
508,306
473,975
Nonutility
82,200
67,852
308,164
287,277
Related parties
1,280
1,268
3,799
4,652
Operation and maintenance
105,574
100,133
304,751
299,806
Regulatory rider expenses
10,434
10,979
103,038
81,956
Depreciation and amortization
53,545
47,000
153,250
140,296
Gain on sale of assets
—
(545
)
—
(56,092
)
Total operating expenses
317,288
300,008
1,381,308
1,231,870
OPERATING INCOME (LOSS)
31,892
(1,062
)
512,127
468,464
Other income, net
14,772
11,040
42,427
39,663
Interest expense, net of capitalized interest
35,199
31,694
105,850
98,112
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF AFFILIATES
11,465
(21,716
)
448,704
410,015
Income tax provision (benefit)
3,353
(5,142
)
103,754
93,835
Equity in earnings of affiliates
1,577
1,523
6,141
4,375
NET INCOME (LOSS)
$
9,689
$
(15,051
)
$
351,091
$
320,555
EARNINGS (LOSS) PER COMMON SHARE
Basic
$
0.10
$
(0.15
)
$
3.48
$
3.20
Diluted
$
0.10
$
(0.15
)
$
3.46
$
3.18
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic
101,092
100,373
100,881
100,173
Diluted
101,780
100,373
101,526
100,813
RECONCILIATION OF NON-GAAP PERFORMANCE MEASURES
(Unaudited)
Three Months Ended
Nine Months Ended
June 30,
June 30,
(Thousands)
2026
2025
2026
2025
NEW JERSEY RESOURCES
A reconciliation of net income, the closest GAAP financial measure, to net financial earnings is as follows:
Net income (loss)
$
9,689
$
(15,051
)
$
351,091
$
320,555
Add:
Unrealized loss (gain) on derivative instruments and related transactions
2,749
10,766
4,460
(10,072
)
Tax effect
(653
)
(2,559
)
(1,060
)
2,394
Effects of economic hedging related to natural gas inventory
(654
)
16,924
(4,657
)
747
Tax effect
156
(4,022
)
1,107
(178
)
NFE tax adjustment
17
140
(1
)
(58
)
Net financial earnings
$
11,304
$
6,198
$
350,940
$
313,388
Weighted Average Shares Outstanding
Basic
101,092
100,373
100,881
100,173
Diluted
101,780
100,373
101,526
100,813
A reconciliation of basic earnings per share, the closest GAAP financial measure, to basic net financial earnings per share is as follows:
Basic earnings (loss) per share
$
0.10
$
(0.15
)
$
3.48
$
3.20
Add:
Unrealized loss (gain) on derivative instruments and related transactions
0.02
0.11
0.04
(0.10
)
Tax effect
—
(0.03
)
(0.01
)
0.02
Effects of economic hedging related to natural gas inventory
(0.01
)
0.17
(0.04
)
0.01
Tax effect
—
(0.04
)
0.01
—
Basic net financial earnings per share
$
0.11
$
0.06
$
3.48
$
3.13
NFE is a measure of earnings based on the elimination of timing differences surrounding the recognition of certain gains or losses to effectively match the earnings effects of the economic hedges with the physical sale of natural gas and, therefore, eliminate the impact of volatility to GAAP earnings associated with the derivative instruments. To the extent we utilize forwards, future or other derivatives to hedge natural gas transactions and forecasted SREC production, the resulting unrealized gains and losses are also eliminated from NFE. ES economically hedges its natural gas inventory with financial derivative instruments and calculates the related tax effect based on the statutory rate. NFE also excludes certain transactions associated with equity method investments, including impairment charges, which are non-cash charges, and return of capital in excess of the carrying value of our investment. These are not indicative of the Company's performance for its ongoing operations. Included in the tax effects are current and deferred income tax expense corresponding with the components of NFE.
RECONCILIATION OF NON-GAAP PERFORMANCE MEASURES (continued)
(Unaudited)
Three Months Ended
Nine Months Ended
June 30,
June 30,
(Thousands)
2026
2025
2026
2025
NATURAL GAS DISTRIBUTION
A reconciliation of gross margin, the closest GAAP financial measure, to utility gross margin is as follows:
Operating revenues
$
201,107
$
205,029
$
1,252,405
$
1,157,439
Less:
Natural gas purchases
65,875
74,941
513,166
480,244
Operating and maintenance (1)
36,854
34,719
96,463
90,238
Regulatory rider expense
10,434
10,979
103,038
81,956
Depreciation and amortization
40,385
35,987
114,854
103,784
Gross margin
47,559
48,403
424,884
401,217
Add:
Operating and maintenance (1)
36,854
34,719
96,463
90,238
Depreciation and amortization
40,385
35,987
114,854
103,784
Utility gross margin
$
124,798
$
119,109
$
636,201
$
595,239
(1) Excludes selling, general and administrative expenses of $27.8 million and $27.1 million for the three months ended June 30, 2026 and 2025, respectively, and $82.9 million and $85.0 million for the nine months ended June 30, 2026 and 2025, respectively.
ENERGY SERVICES
A reconciliation of gross margin, the closest GAAP financial measure, to Energy Services' financial margin is as follows:
Operating revenues
$
79,962
$
38,850
$
443,224
$
371,548
Less:
Natural Gas purchases
82,091
67,781
307,803
287,496
Operation and maintenance (1)
2,841
1,020
15,316
13,482
Depreciation and amortization
41
30
125
139
Gross margin
(5,011
)
(29,981
)
119,980
70,431
Add:
Operation and maintenance (1)
2,841
1,020
15,316
13,482
Depreciation and amortization
41
30
125
139
Unrealized loss (gain) on derivative instruments and related transactions
2,749
10,766
4,460
(10,072
)
Effects of economic hedging related to natural gas inventory
(654
)
16,924
(4,657
)
747
Financial margin
$
(34
)
$
(1,241
)
$
135,224
$
74,727
(1) Excludes selling, general and administrative expenses of $0.2 million and $0.3 million during the three months ended June 30, 2026 and 2025, respectively, and $0.7 million and $0.9 million during the nine months ended June 30, 2026 and 2025, respectively.
A reconciliation of net income, the closest GAAP financial measure, to net financial earnings is as follows:
Net (loss) income
$
(5,650
)
$
(24,983
)
$
84,682
$
46,567
Add:
Unrealized loss (gain) on derivative instruments and related transactions
2,749
10,766
4,460
(10,072
)
Tax effect
(653
)
(2,559
)
(1,060
)
2,394
Effects of economic hedging related to natural gas
(654
)
16,924
(4,657
)
747
Tax effect
156
(4,022
)
1,107
(178
)
NFE tax adjustment
17
140
(1
)
(58
)
Net financial (loss) earnings
$
(4,035
)
$
(3,734
)
$
84,531
$
39,400
FINANCIAL STATISTICS BY BUSINESS UNIT
(Unaudited)
Three Months Ended
Nine Months Ended
June 30,
June 30,
(Thousands, except per share data)
2026
2025
2026
2025
NEW JERSEY RESOURCES
Operating Revenues
Natural Gas Distribution
$
201,107
$
205,029
$
1,252,405
$
1,157,439
Clean Energy Ventures
19,178
12,030
60,870
46,403
Energy Services
79,962
38,850
443,224
371,548
Storage and Transportation
31,388
27,129
88,902
79,064
Home Services and Other
17,758
16,177
48,722
47,089
Sub-total
349,393
299,214
1,894,123
1,701,543
Eliminations
(213
)
(268
)
(688
)
(1,209
)
Total
$
349,180
$
298,946
$
1,893,435
$
1,700,334
Operating Income (Loss)
Natural Gas Distribution
$
19,731
$
21,273
$
341,962
$
316,255
Clean Energy Ventures
1,156
(4,353
)
8,806
52,368
Energy Services
(5,229
)
(30,240
)
119,282
69,561
Storage and Transportation
14,356
10,544
37,913
26,113
Home Services and Other
1,219
1,065
2,198
1,667
Sub-total
31,233
(1,711
)
510,161
465,964
Eliminations
659
649
1,966
2,500
Total
$
31,892
$
(1,062
)
$
512,127
$
468,464
Equity in Earnings of Affiliates
Storage and Transportation
$
1,039
$
908
$
4,561
$
3,030
Eliminations
538
615
1,580
1,345
Total
$
1,577
$
1,523
$
6,141
$
4,375
Net Income (Loss)
Natural Gas Distribution
$
6,087
$
10,079
$
238,429
$
221,518
Clean Energy Ventures
(312
)
(6,857
)
4,055
37,315
Energy Services
(5,650
)
(24,983
)
84,682
46,567
Storage and Transportation
8,762
5,898
23,833
13,905
Home Services and Other
579
481
839
418
Sub-total
9,466
(15,382
)
351,838
319,723
Eliminations
223
331
(747
)
832
Total
$
9,689
$
(15,051
)
$
351,091
$
320,555
Net Financial Earnings (Loss)
Natural Gas Distribution
$
6,087
$
10,079
$
238,429
$
221,518
Clean Energy Ventures
(312
)
(6,857
)
4,055
37,315
Energy Services
(4,035
)
(3,734
)
84,531
39,400
Storage and Transportation
8,762
5,898
23,833
13,905
Home Services and Other
579
481
839
418
Sub-total
11,081
5,867
351,687
312,556
Eliminations
223
331
(747
)
832
Total
$
11,304
$
6,198
$
350,940
$
313,388
Throughput (Bcf)
NJNG, Core Customers
14.6
19.2
86.1
82.1
NJNG, Off System/Capacity Management
10.7
15.1
60.3
51.6
Energy Services Fuel Mgmt. and Wholesale Sales
25.7
18.6
82.7
82.1
Total
51.0
52.9
229.1
215.8
Common Stock Data
Yield at June 30,
3.4
%
4.0
%
3.4
%
4.0
%
Market Price at June 30,
$
56.04
$
44.82
$
56.04
$
44.82
Shares Out. at June 30,
101,411
100,378
101,411
100,378
Market Cap. at June 30,
$
5,683,070
$
4,498,953
$
5,683,070
$
4,498,953
Three Months Ended
Nine Months Ended
(Unaudited)
June 30,
June 30,
(Thousands, except customer and weather data)
2026
2025
2026
2025
NATURAL GAS DISTRIBUTION
Utility Gross Margin
Operating revenues
$
201,107
$
205,029
$
1,252,405
$
1,157,439
Less:
Natural gas purchases
65,875
74,941
513,166
480,244
Operating and maintenance (1)
36,854
34,719
96,463
90,238
Regulatory rider expense
10,434
10,979
103,038
81,956
Depreciation and amortization
40,385
35,987
114,854
103,784
Gross margin
47,559
48,403
424,884
401,217
Add:
Operating and maintenance (1)
36,854
34,719
96,463
90,238
Depreciation and amortization
40,385
35,987
114,854
103,784
Total Utility Gross Margin
$
124,798
$
119,109
$
636,201
$
595,239
(1) Excludes selling, general and administrative expenses of $27.8 million and $27.1 million for the three months ended June 30, 2026 and 2025, respectively, and $82.9 million and $85.0 million for the nine months ended June 30, 2026 and 2025, respectively.
Utility Gross Margin, Operating Income and Net Income
Residential
$
76,156
$
74,131
$
441,829
$
419,817
Commercial, Industrial & Other
19,945
19,924
85,144
80,901
Firm Transportation
24,386
19,666
85,977
76,750
Total Firm Margin
120,487
113,721
612,950
577,468
Interruptible
1,223
1,462
2,884
3,236
Total System Margin
121,710
115,183
615,834
580,704
Basic Gas Supply Service Incentive
3,088
3,926
20,367
14,535
Total Utility Gross Margin
124,798
119,109
636,201
595,239
Operation and maintenance expense
64,682
61,849
179,385
175,200
Depreciation and amortization
40,385
35,987
114,854
103,784
Operating Income
$
19,731
$
21,273
$
341,962
$
316,255
Net Income
$
6,087
$
10,079
$
238,429
$
221,518
Net Financial Earnings
$
6,087
$
10,079
$
238,429
$
221,518
Throughput (Bcf)
Residential
6.1
6.2
48.6
44.3
Commercial, Industrial & Other
1.2
1.2
9.0
8.3
Firm Transportation
1.8
1.9
10.9
10.3
Total Firm Throughput
9.1
9.3
68.5
62.9
Interruptible
5.5
9.9
17.6
19.2
Total System Throughput
14.6
19.2
86.1
82.1
Off System/Capacity Management
10.7
15.1
60.3
51.6
Total Throughput
25.3
34.3
146.4
133.7
Customers
Residential
540,569
534,561
540,569
534,561
Commercial, Industrial & Other
33,174
32,464
33,174
32,464
Firm Transportation
20,847
21,163
20,847
21,163
Total Firm Customers
594,590
588,188
594,590
588,188
Interruptible
31
87
31
87
Total System Customers
594,621
588,275
594,621
588,275
Off System/Capacity Management*
25
30
25
30
Total Customers
594,646
588,305
594,646
588,305
*The number of customers represents those active during the last month of the period.
Degree Days
Actual
437
373
4,587
4,147
Normal
452
454
4,347
4,361
Percent of Normal
96.7
%
82.2
%
105.5
%
95.1
%
Three Months Ended
Nine Months Ended
(Unaudited)
June 30,
June 30,
(Thousands, except customer, RECs and megawatt data)
2026
2025
2026
2025
CLEAN ENERGY VENTURES
Operating Revenues
SREC sales
$
154
$
179
$
23,611
$
17,997
TREC sales
7,278
4,522
13,407
9,581
SREC II sales
1,190
442
2,178
1,145
Merchant Power
4,497
3,360
9,706
7,709
PPA / Other
6,059
3,527
11,968
8,101
Residential solar portfolio
—
—
—
1,870
Total Operating Revenues
$
19,178
$
12,030
$
60,870
$
46,403
Depreciation and Amortization
$
7,664
$
5,772
$
21,817
$
17,701
Operating Income (Loss)
$
1,156
$
(4,353
)
$
8,806
$
52,368
Income Tax (Benefit) Provision
$
(31
)
$
(2,068
)
$
879
$
10,994
Net (Loss) Income
$
(312
)
$
(6,857
)
$
4,055
$
37,315
Net Financial (Loss) Earnings
$
(312
)
$
(6,857
)
$
4,055
$
37,315
Solar Renewable Energy Certificates Generated
93,879
92,508
203,201
231,877
Solar Renewable Energy Certificates Sold
996
1,155
122,119
87,657
Transition Renewable Energy Certificates Generated
Fifth Third Bancorp increased its stake in shares of NewJersey Resources Corporation (NYSE:NJR – Free Report) by 2,097.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,806 shares of the utilities provider’s stock after purchasing an additional 27,495 shares during the quarter. Fifth Third Bancorp’s holdings in NewJersey Resources were worth $1,582,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in NJR. Dimensional Fund Advisors LP boosted its holdings in shares of NewJersey Resources by 10.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,934,165 shares of the utilities provider’s stock valued at $181,446,000 after acquiring an additional 367,844 shares in the last quarter. Geode Capital Management LLC increased its holdings in NewJersey Resources by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,629,373 shares of the utilities provider’s stock worth $121,285,000 after purchasing an additional 10,448 shares in the last quarter. Northern Trust Corp increased its holdings in NewJersey Resources by 1.1% in the 3rd quarter. Northern Trust Corp now owns 1,335,344 shares of the utilities provider’s stock worth $64,297,000 after purchasing an additional 14,512 shares in the last quarter. Norges Bank bought a new position in NewJersey Resources in the fourth quarter valued at about $60,075,000. Finally, Morgan Stanley boosted its stake in shares of NewJersey Resources by 19.4% during the fourth quarter. Morgan Stanley now owns 1,283,533 shares of the utilities provider’s stock valued at $59,197,000 after purchasing an additional 208,388 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.
Analyst Upgrades and Downgrades Several equities analysts have issued reports on the stock. Weiss Ratings upgraded shares of NewJersey Resources from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 27th. Wells Fargo & Company initiated coverage on shares of NewJersey Resources in a research note on Tuesday, May 12th. They issued an “overweight” rating and a $63.00 price objective on the stock. Mizuho boosted their price objective on shares of NewJersey Resources from $54.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Finally, Argus set a $63.00 price objective on NewJersey Resources in a report on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $58.17.
View Our Latest Stock Analysis on NewJersey Resources
NewJersey Resources Trading Up 0.9% Shares of NJR stock opened at $59.38 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.80 and a current ratio of 0.94. NewJersey Resources Corporation has a fifty-two week low of $43.46 and a fifty-two week high of $60.69. The stock has a 50 day simple moving average of $56.60 and a two-hundred day simple moving average of $54.37. The company has a market cap of $5.99 billion, a P/E ratio of 17.62 and a beta of 0.50.
NewJersey Resources (NYSE:NJR – Get Free Report) last announced its quarterly earnings data on Monday, May 4th. The utilities provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.31. NewJersey Resources had a net margin of 15.67% and a return on equity of 14.58%. The firm had revenue of $939.40 million for the quarter, compared to analyst estimates of $849.95 million. During the same quarter in the prior year, the business earned $1.78 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. NewJersey Resources has set its FY 2026 guidance at 3.480-3.630 EPS. Research analysts forecast that NewJersey Resources Corporation will post 3.58 earnings per share for the current year.
Insider Activity at NewJersey Resources In other NewJersey Resources news, insider Christopher T. D’antuono sold 1,150 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $57.34, for a total transaction of $65,941.00. Following the transaction, the insider owned 2,985 shares in the company, valued at approximately $171,159.90. This represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jane M. Kenny sold 8,000 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $56.10, for a total transaction of $448,800.00. Following the completion of the transaction, the director directly owned 21,998 shares in the company, valued at $1,234,087.80. This trade represents a 26.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 12,150 shares of company stock valued at $682,261. 0.70% of the stock is owned by company insiders.
NewJersey Resources Company Profile (Free Report)
New Jersey Resources Corporation is a publicly traded energy services holding company headquartered in Wall Township, New Jersey. The firm’s primary focus is on the safe and reliable distribution of natural gas, along with complementary energy services and renewable energy investments. Its operations center on delivering cost-effective solutions to residential, commercial and industrial customers throughout the state.
The company’s principal subsidiary, New Jersey Natural Gas, owns and operates an extensive pipeline network that spans northern, central and southern New Jersey.
Featured Stories Five stocks we like better than NewJersey Resources Premium Retail’s Stress Test Is Separating Winners From Losers D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? GE Vernova Just Sent a Mixed AI Signal to Investors Alphabet Crushed Earnings, But One Number Spooked the Market Want to see what other hedge funds are holding NJR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NewJersey Resources Corporation (NYSE:NJR – Free Report).
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California Public Employees Retirement System lowered its position in NewJersey Resources Corporation (NYSE:NJR – Free Report) by 5.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 275,561 shares of the utilities provider’s stock after selling 15,072 shares during the period. California Public Employees Retirement System owned approximately 0.27% of NewJersey Resources worth $15,134,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in NewJersey Resources by 6.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,363 shares of the utilities provider’s stock valued at $2,912,000 after purchasing an additional 3,422 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of NewJersey Resources by 65.7% in the first quarter. NewEdge Advisors LLC now owns 22,214 shares of the utilities provider’s stock valued at $1,090,000 after buying an additional 8,808 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of NewJersey Resources by 10.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 320,113 shares of the utilities provider’s stock worth $15,705,000 after buying an additional 29,458 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of NewJersey Resources during the 1st quarter worth $8,907,000. Finally, Invesco Ltd. boosted its position in shares of NewJersey Resources by 14.4% in the 2nd quarter. Invesco Ltd. now owns 465,923 shares of the utilities provider’s stock worth $20,883,000 after buying an additional 58,795 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at NewJersey Resources In other news, COO Patrick J. Migliaccio sold 3,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $55.84, for a total transaction of $167,520.00. Following the transaction, the chief operating officer owned 35,202 shares of the company’s stock, valued at approximately $1,965,679.68. This trade represents a 7.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jane M. Kenny sold 8,000 shares of NewJersey Resources stock in a transaction on Friday, May 8th. The stock was sold at an average price of $56.10, for a total transaction of $448,800.00. Following the completion of the transaction, the director directly owned 21,998 shares of the company’s stock, valued at approximately $1,234,087.80. This represents a 26.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 12,150 shares of company stock valued at $682,261. Insiders own 0.70% of the company’s stock.
NewJersey Resources Stock Performance Shares of NJR stock opened at $59.38 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.80 and a current ratio of 0.94. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of 17.62 and a beta of 0.50. NewJersey Resources Corporation has a one year low of $43.46 and a one year high of $60.69. The company has a 50 day moving average price of $56.60 and a 200 day moving average price of $54.37.
NewJersey Resources (NYSE:NJR – Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.31. NewJersey Resources had a return on equity of 14.58% and a net margin of 15.67%.The firm had revenue of $939.40 million during the quarter, compared to the consensus estimate of $849.95 million. During the same period in the prior year, the firm earned $1.78 EPS. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. NewJersey Resources has set its FY 2026 guidance at 3.480-3.630 EPS. Sell-side analysts anticipate that NewJersey Resources Corporation will post 3.58 EPS for the current year.
Wall Street Analyst Weigh In A number of brokerages have recently weighed in on NJR. Weiss Ratings raised shares of NewJersey Resources from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 27th. Wells Fargo & Company assumed coverage on NewJersey Resources in a research note on Tuesday, May 12th. They issued an “overweight” rating and a $63.00 target price on the stock. Argus set a $63.00 target price on NewJersey Resources in a report on Wednesday, May 20th. Finally, Mizuho boosted their price target on NewJersey Resources from $54.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $58.17.
Check Out Our Latest Report on NewJersey Resources
NewJersey Resources Company Profile (Free Report)
New Jersey Resources Corporation is a publicly traded energy services holding company headquartered in Wall Township, New Jersey. The firm’s primary focus is on the safe and reliable distribution of natural gas, along with complementary energy services and renewable energy investments. Its operations center on delivering cost-effective solutions to residential, commercial and industrial customers throughout the state.
The company’s principal subsidiary, New Jersey Natural Gas, owns and operates an extensive pipeline network that spans northern, central and southern New Jersey.
Featured Stories Five stocks we like better than NewJersey Resources Premium Retail’s Stress Test Is Separating Winners From Losers D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? GE Vernova Just Sent a Mixed AI Signal to Investors Alphabet Crushed Earnings, But One Number Spooked the Market Want to see what other hedge funds are holding NJR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NewJersey Resources Corporation (NYSE:NJR – Free Report).
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Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all.
That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.
However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
New Jersey Resources (NJR - Free Report) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank.
Studies have shown that stocks with the best growth features consistently outperform the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this energy services holding company is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings GrowthEarnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for New Jersey Resources is 11%, investors should actually focus on the projected growth. The company's EPS is expected to grow 9.5% this year, crushing the industry average, which calls for EPS growth of 3.8%.
Cash Flow GrowthCash is the lifeblood of any business, but higher-than-average cash flow growth is more beneficial and important for growth-oriented companies than for mature companies. That's because, high cash accumulation enables these companies to undertake new projects without raising expensive outside funds.
Right now, year-over-year cash flow growth for New Jersey Resources is 13.3%, which is higher than many of its peers. In fact, the rate compares to the industry average of 12%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 11.3% over the past 3-5 years versus the industry average of 7%.
Promising Earnings Estimate RevisionsBeyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for New Jersey Resources. The Zacks Consensus Estimate for the current year has surged 0.3% over the past month.
Bottom LineNew Jersey Resources has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions New Jersey Resources well for outperformance, so growth investors may want to bet on it.
WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) invites investors, customers, members of the financial community and other interested parties to listen to a live webcast of its fiscal 2026 third quarter financial results on Tuesday, August 4, 2026, at 10 a.m. ET. New Jersey Resources will release these results on Monday, August 3, 2026, after the close of the stock market. A few minutes prior to the webcast, visit www.njresources.com and select “Investor Relations.” Scroll down an.
June 24, 2026 08:15 ET | Source: Ocean Power Technologies, Inc.
MONROE TOWNSHIP, N.J., June 24, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT) today announced the successful deployment and commissioning of a PowerBuoy® system off the coast of New Jersey in support of Rutgers, The State University of New Jersey. The Company also announced it has received a purchase order from Stevens Institute of Technology for one of its maritime drones, the WAM-V® unmanned surface vehicle.
The Rutgers project, supported by the New Jersey Economic Development Authority, is now fully installed and operational. The PowerBuoy® replaces a legacy ocean monitoring system that relied on fixed seabed cables, providing continuous offshore power and communications without permanent infrastructure. The system will support ongoing ocean research, environmental monitoring, and integration of surface and subsea sensors.
The Stevens Institute of Technology order represents an additional engagement within the academic research market, a market characterized by multi-phase programs, recurring funding cycles, and follow-on deployment opportunities and reflects continued demand for OPT’s autonomous maritime solutions. The maritime drone will support advanced marine research and development initiatives and is currently in production
Philipp Stratmann, Chief Executive Officer of OPT, commented, “The Rutgers deployment reflects our continued focus on converting awarded projects into operational systems and revenue. At the same time, the new order from Stevens demonstrates the repeatability of our offerings within the advanced autonomy and sensor community. We are building a growing base of customers that require ongoing deployments, upgrades, and support. With both Rutgers University and Stevens Institute of Technology based in New Jersey, we are proud to continue our active collaboration within the state.”
Unlike traditional subsea cable systems that require complex installation and are difficult to modify, the PowerBuoy can be deployed quickly, relocated as needed, and upgraded over time. This flexibility supports both initial deployments and follow-on work, including system expansion, sensor integration, and long-term service.
For additional information about OPT, please visit our website Ocean Power Technologies.
ABOUT OCEAN POWER TECHNOLOGIES
OPT provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets, including Merrows™, which provides AI capable seamless integration of Maritime Domain Awareness Systems across platforms. Our PowerBuoy® platforms provide clean and reliable electric power and real-time data communications for remote maritime and subsea applications. We also provide WAM-V® unmanned surface vessels (USVs) and marine robotics services. The Company’s headquarters is in Monroe Township, New Jersey, with an additional office in Richmond, California. To learn more about OPT’s groundbreaking products, services and solutions, visit www.OceanPowerTechnologies.com.
FORWARD-LOOKING STATEMENTS
This release may contain forward-looking statements that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certain words or phrases such as "may", "will", "aim", "will likely result", "believe", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "contemplate", "seek to", "future", "objective", "goal", "project", "should", "will pursue" and similar expressions or variations of such expressions. These forward-looking statements reflect the Company's current expectations about its future plans and performance. These forward-looking statements rely on a number of assumptions and estimates that could be inaccurate and subject to risks and uncertainties, including the continuing successful operations of the Rutgers PowerBuoy® and the effective completion of the Stevens order the delivery of customer services, the conversion of potential customers to contracts and the realization of the potential revenue thereunder. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company. Please refer to the Company's most recent Forms 10-Q and 10-K and subsequent filings with the U.S. Securities and Exchange Commission for further discussion of these risks and uncertainties. The Company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
New Jersey Resources (NJR - Free Report) is headquartered in Wall, and is in the Utilities sector. The stock has seen a price change of 21.38% since the start of the year. Currently paying a dividend of $0.47 per share, the company has a dividend yield of 3.39%. In comparison, the Utility - Gas Distribution industry's yield is 2.78%, while the S&P 500's yield is 1.38%.
Looking at dividend growth, the company's current annualized dividend of $1.90 is up 4.1% from last year. Over the last 5 years, New Jersey Resources has increased its dividend 5 times on a year-over-year basis for an average annual increase of 7.51%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. New Jersey Resources's current payout ratio is 60%, meaning it paid out 60% of its trailing 12-month EPS as dividend.
NJR is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2026 is $3.31 per share, representing a year-over-year earnings growth rate of 1.22%.
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. However, not all companies offer a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that NJR is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy).
New Jersey Resources (NJR - Free Report) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.
A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
Therefore, the Zacks rating upgrade for New Jersey Resources basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For New Jersey Resources, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for New Jersey ResourcesThis energy services holding company is expected to earn $3.31 per share for the fiscal year ending September 2026, which represents no year-over-year change.
Analysts have been steadily raising their estimates for New Jersey Resources. Over the past three months, the Zacks Consensus Estimate for the company has increased 5.1%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of New Jersey Resources to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
WALL, N.J.--(BUSINESS WIRE)--The board of directors (the “Board”) of New Jersey Resources Corporation (NYSE: NJR) unanimously declared a quarterly dividend on its common stock of $0.475 per share. The dividend will be payable on July 1, 2026, to shareowners of record as of June 10, 2026.
NJR has paid quarterly dividends continuously since its inception in 1952, and has raised the dividend every year for the last 30 years.
About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a diversified energy infrastructure and energy services company headquartered in Wall, New Jersey.
NJR is composed of five primary businesses:
New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains natural gas transportation and distribution infrastructure to serve customers in New Jersey’s Monmouth, Ocean, Morris, Middlesex, Sussex and Burlington counties. NJR Clean Energy Ventures invests in, owns and operates solar projects, providing customers with low-carbon solutions. NJR Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America. Storage and Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River and the Adelphia Gateway Pipeline, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility. Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators and other indoor and outdoor comfort products to residential homes throughout New Jersey. NJR and its over 1,300 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as SAVEGREEN®.
For more information about NJR:
www.njresources.com.
Follow us on X.com (Twitter) @NJNaturalGas.
“Like” us on facebook.com/NewJerseyNaturalGas.
WALL, N.J.--(BUSINESS WIRE)--In celebration of Earth Day, New Jersey Resources (NYSE: NJR), the parent company of New Jersey Natural Gas (NJNG), announced a $35,000 donation through its Coastal Climate Initiative (CCI) to support The Nature Conservancy's (TNC) Municipal Match-Making for Marsh Restoration and Community Resilience program. The goal of this multiphase project is to support TNC's 2030 goals to restore and improve management of approximately 2,000 acres of salt marsh and reduce clim.
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider New Jersey Resources (NJR - Free Report) . This company, which is in the Zacks Utility - Gas Distribution industry, shows potential for another earnings beat.
When looking at the last two reports, this energy services holding company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 14.91%, on average, in the last two quarters.
For the most recent quarter, New Jersey Resources was expected to post earnings of $0.95 per share, but it reported $1.17 per share instead, representing a surprise of 23.16%. For the previous quarter, the consensus estimate was $0.15 per share, while it actually produced $0.16 per share, a surprise of 6.67%.
Price and EPS Surprise
For New Jersey Resources, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
New Jersey Resources has an Earnings ESP of +18.49% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on May 4, 2026.
With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
New Jersey Resources (NJR - Free Report) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on May 4, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis energy services holding company is expected to post quarterly earnings of $1.63 per share in its upcoming report, which represents a year-over-year change of -7.4%.
Revenues are expected to be $840.97 million, down 7.9% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for New Jersey Resources?For New Jersey Resources, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +15.72%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination indicates that New Jersey Resources will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that New Jersey Resources would post earnings of $0.95 per share when it actually produced earnings of $1.17, delivering a surprise of +23.16%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
New Jersey Resources appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Is Companhia Paranaense de Energia - Copel Unsponsored ADR (ELPC - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.
Companhia Paranaense de Energia - Copel Unsponsored ADR is one of 110 companies in the Utilities group. The Utilities group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Companhia Paranaense de Energia - Copel Unsponsored ADR is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ELPC's full-year earnings has moved 215% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ELPC has moved about 31.1% on a year-to-date basis. Meanwhile, stocks in the Utilities group have gained about 8.8% on average. This means that Companhia Paranaense de Energia - Copel Unsponsored ADR is performing better than its sector in terms of year-to-date returns.
New Jersey Resources (NJR - Free Report) is another Utilities stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 20.1%.
For New Jersey Resources, the consensus EPS estimate for the current year has increased 7.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Companhia Paranaense de Energia - Copel Unsponsored ADR belongs to the Utility - Electric Power industry, a group that includes 60 individual companies and currently sits at #90 in the Zacks Industry Rank. This group has gained an average of 9.7% so far this year, so ELPC is performing better in this area.
In contrast, New Jersey Resources falls under the Utility - Gas Distribution industry. Currently, this industry has 13 stocks and is ranked #63. Since the beginning of the year, the industry has moved +7.9%.
Investors with an interest in Utilities stocks should continue to track Companhia Paranaense de Energia - Copel Unsponsored ADR and New Jersey Resources. These stocks will be looking to continue their solid performance.
Wall Street expects a year-over-year increase in earnings on higher revenues when MDU Resources (MDU - Free Report) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 7. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis energy, mining, construction and utilities company is expected to post quarterly earnings of $0.42 per share in its upcoming report, which represents a year-over-year change of +5%.
Revenues are expected to be $702.32 million, up 4.1% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 5.56% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for MDU Resources?For MDU Resources, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.80%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that MDU Resources will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that MDU Resources would post earnings of $0.37 per share when it actually produced earnings of $0.37, delivering no surprise.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
MDU Resources doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAmong the stocks in the Zacks Utility - Gas Distribution industry, New Jersey Resources (NJR - Free Report) , is soon expected to post earnings of $1.89 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of +7.4%. This quarter's revenue is expected to be $849.72 million, down 6.9% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for New Jersey Resources has been revised 8.3% down to the current level. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #2 (Buy), makes it difficult to conclusively predict that New Jersey Resources will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
NEW YORK--(BUSINESS WIRE)--Metropolitan Commercial Bank (“MCB” or the “Bank”) today announced that Brian Turano and Tom Kasper have joined the Bank to lead its Government Banking efforts in New Jersey, further expanding MCB’s ability to serve municipalities and public entities across the state.
“Brian and Tom know this market well and have built strong relationships over many years,” said Laura Capra, Executive Vice President and Head of Retail Banking at Metropolitan Commercial Bank.
Share Mr. Turano joins as Senior Vice President and Director of Government Banking – New Jersey, and Mr. Kasper joins as Vice President and Relationship Manager for Government Banking – New Jersey. In these roles, they will work closely with municipalities to build relationships, deliver tailored financial solutions, and support day-to-day banking operations.
MCB’s Government Banking platform provides customized deposit and treasury management solutions designed to help public sector clients manage funds efficiently and meet both near- and long-term goals.
Mr. Turano brings more than 25 years of banking experience, most recently serving in a senior government banking role at Citizens Bank. Prior to that, he spent 16 years at Investors Bank, where he focused on building and managing municipal relationships throughout New Jersey.
“I’m excited to join MCB and help grow the Government Banking business in New Jersey,” said Mr. Turano. “There’s a real opportunity to provide responsive, relationship-focused service to municipalities across the state.”
Mr. Kasper brings more than 35 years of experience across retail banking, treasury management, and relationship management, with the past several years focused on government clients. His career includes roles at Citizens Bank, Investors Bank, Peapack-Gladstone Bank, Lakeland Bank, and Unity Bank. He is also active in the community, serving in leadership roles with several New Jersey nonprofit organizations.
“What stood out to me about MCB is its hands-on, client-focused approach,” said Mr. Kasper. “I’m looking forward to getting into the market, building relationships, and helping clients navigate their day-to-day banking needs.”
“Brian and Tom know this market well and have built strong relationships over many years,” said Laura Capra, Executive Vice President and Head of Retail Banking at Metropolitan Commercial Bank. “They bring a practical understanding of what municipalities need and will help us continue building our Government Banking platform in New Jersey.”
About Metropolitan Commercial Bank
Metropolitan Commercial Bank (“MCB”) is a New York City–based, full-service commercial bank serving businesses, institutions, and individuals who value expertise, responsiveness, and long-term partnerships. Since 1999, MCB has built enduring client relationships—many spanning generations—by delivering consistent, relationship-driven banking.
The Bank provides a full suite of commercial, business, and personal banking solutions, with deep expertise in sectors including real estate, property management, legal services, healthcare, government, and global investors utilizing EB-5 financial solutions. MCB combines specialized capabilities with a highly personalized approach, offering integrated solutions such as title and escrow services, 1031 exchanges, and merchant acquiring.
MCB has received national recognition for its performance and innovation, including being named one of Newsweek’s Best Regional Banks in 2024 and 2025 and earning industry recognition for its lending performance and specialized commercial banking capabilities.
MCB operates full-service banking centers in Manhattan and Boro Park, Brooklyn, within New York City; Great Neck on Long Island; Lakewood, New Jersey; and in South Florida, including Miami, with a West Palm Beach location expected to open in June 2026. This expansion reflects the Bank’s continued growth and commitment to the communities and clients it serves—many of whom it has supported for generations.
Metropolitan Commercial Bank is a New York State–chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The Bank’s parent company is Metropolitan Bank Holding Corp. (NYSE: MCB).
For more information, please visit the Bank’s website at MCBankNY.com.
WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources Corporation (NYSE: NJR) today reported financial and operating results for its fiscal 2026 second quarter ended March 31, 2026. Financial Highlights: Fiscal 2026 second-quarter consolidated net income of $218.9 million, or $2.17 per share, compared with $204.3 million, or $2.04 per share, in the second quarter of fiscal 2025 Fiscal 2026 second-quarter consolidated net financial earnings (NFE), a non-GAAP financial measure, of $221.5 million, or.
New Jersey Resources (NJR - Free Report) came out with quarterly earnings of $2.2 per share, beating the Zacks Consensus Estimate of $1.89 per share. This compares to earnings of $1.76 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +16.40%. A quarter ago, it was expected that this energy services holding company would post earnings of $0.95 per share when it actually produced earnings of $1.17, delivering a surprise of +23.16%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
New Jersey Resources, which belongs to the Zacks Utility - Gas Distribution industry, posted revenues of $939.4 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 10.55%. This compares to year-ago revenues of $913.03 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
New Jersey Resources shares have added about 21.4% since the beginning of the year versus the S&P 500's gain of 5.6%.
What's Next for New Jersey Resources?While New Jersey Resources has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for New Jersey Resources was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.18 on $327.3 million in revenues for the coming quarter and $3.39 on $2.29 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Gas Distribution is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Spire (SR - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 6.
This natural gas distributor is expected to post quarterly earnings of $3.78 per share in its upcoming report, which represents a year-over-year change of +5%. The consensus EPS estimate for the quarter has been revised 61.4% lower over the last 30 days to the current level.
Spire's revenues are expected to be $1.08 billion, up 2.3% from the year-ago quarter.
New Jersey Resources is executing a clean energy pivot, allocating over 60% of $4.8–$5.2 billion CapEx through FY2030 to solar-focused Clean Energy Ventures. NJR delivered strong winter-driven Q2 results, beating non-GAAP EPS by $0.30 and revenue by nearly 10%, and raised full-year non-GAAP EPS guidance to $3.48–$3.62. Despite robust operating cash flow growth, NJR's high CapEx outpaces cash generation, requiring increased debt while targeting a 20% adjusted debt-to-capital ratio.
WALL, N.J.--(BUSINESS WIRE)--New Jersey Natural Gas, (NJNG), a regulated subsidiary of New Jersey Resources (NYSE: NJR), announced the appointment of Helen Ayotte as Vice President of Engineering, Construction and Asset Management effective today. Ms. Ayotte will succeed John Wyckoff, Vice President of Energy Delivery, who is retiring on July 1, 2026. In this role, Ms. Ayotte will oversee NJNG's engineering, construction, environmental and asset management functions, ensuring the safe and relia.
A strong stock as of late has been New Jersey Resources (NJR - Free Report) . Shares have been marching higher, with the stock up 3.3% over the past month. The stock hit a new 52-week high of $57.91 in the previous session. New Jersey Resources has gained 25.3% since the start of the year compared to the 6.9% move for the Zacks Utilities sector and the 5.8% return for the Zacks Utility - Gas Distribution industry.
What's Driving the Outperformance?The stock has a great record of positive earnings surprises, having beaten the Zacks Consensus Estimate in each of the last four quarters. In its last earnings report on May 4, 2026, New Jersey Resources reported EPS of $2.2 versus consensus estimate of $1.89.
For the current fiscal year, New Jersey Resources is expected to post earnings of $3.45 per share on $2.21 in revenues. This represents a 5.5% change in EPS on a 8.54% change in revenues. For the next fiscal year, the company is expected to earn $3.47 per share on $2.36 in revenues. This represents a year-over-year change of 0.65% and 6.56%, respectively.
Valuation MetricsWhile New Jersey Resources has moved to its 52-week high over the past few weeks, investors need to be asking, what is next for the company? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
New Jersey Resources has a Value Score of B. The stock's Growth and Momentum Scores are B and B, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 16.8X current fiscal year EPS estimates, which is not in-line with the peer industry average of 17.6X. On a trailing cash flow basis, the stock currently trades at 11.2X versus its peer group's average of 9.4X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks RankWe also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, New Jersey Resources currently has a Zacks Rank of #2 (Buy) thanks to a solid earnings estimate revision trend.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if New Jersey Resources fits the bill. Thus, it seems as though New Jersey Resources shares could have potential in the weeks and months to come.
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
New Jersey Resources (NJR - Free Report) is headquartered in Wall, and is in the Utilities sector. The stock has seen a price change of 24.31% since the start of the year. The energy services holding company is currently shelling out a dividend of $0.47 per share, with a dividend yield of 3.31%. This compares to the Utility - Gas Distribution industry's yield of 3.08% and the S&P 500's yield of 1.45%.
Looking at dividend growth, the company's current annualized dividend of $1.90 is up 4.1% from last year. Over the last 5 years, New Jersey Resources has increased its dividend 5 times on a year-over-year basis for an average annual increase of 7.51%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. New Jersey Resources's current payout ratio is 53%, meaning it paid out 53% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for NJR for this fiscal year. The Zacks Consensus Estimate for 2026 is $3.45 per share, representing a year-over-year earnings growth rate of 5.50%.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. However, not all companies offer a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, NJR presents a compelling investment opportunity; it's not only an attractive dividend play, but the stock also boasts a strong Zacks Rank of #2 (Buy).
The Utilities group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. New Jersey Resources (NJR - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
New Jersey Resources is a member of our Utilities group, which includes 110 different companies and currently sits at #14 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. New Jersey Resources is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for NJR's full-year earnings has moved 4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, NJR has gained about 24.9% so far this year. In comparison, Utilities companies have returned an average of 4.8%. This means that New Jersey Resources is outperforming the sector as a whole this year.
One other Utilities stock that has outperformed the sector so far this year is Sabesp (SBS - Free Report) . The stock is up 22.6% year-to-date.
The consensus estimate for Sabesp's current year EPS has increased 322.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, New Jersey Resources belongs to the Utility - Gas Distribution industry, which includes 13 individual stocks and currently sits at #180 in the Zacks Industry Rank. Stocks in this group have gained about 5.3% so far this year, so NJR is performing better this group in terms of year-to-date returns.
On the other hand, Sabesp belongs to the Utility - Water Supply industry. This 11-stock industry is currently ranked #185. The industry has moved +3.7% year to date.
New Jersey Resources and Sabesp could continue their solid performance, so investors interested in Utilities stocks should continue to pay close attention to these stocks.
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.
By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
New Jersey Resources (NJR - Free Report) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Studies have shown that stocks with the best growth features consistently outperform the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
Here are three of the most important factors that make the stock of this energy services holding company a great growth pick right now.
Earnings GrowthEarnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for New Jersey Resources is 11%, investors should actually focus on the projected growth. The company's EPS is expected to grow 5.4% this year, crushing the industry average, which calls for EPS growth of 5.2%.
Cash Flow GrowthWhile cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
Right now, year-over-year cash flow growth for New Jersey Resources is 13.3%, which is higher than many of its peers. In fact, the rate compares to the industry average of 12%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 11.3% over the past 3-5 years versus the industry average of 7%.
Promising Earnings Estimate RevisionsBeyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for New Jersey Resources. The Zacks Consensus Estimate for the current year has surged 5.7% over the past month.
Bottom LineNew Jersey Resources has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that New Jersey Resources is a potential outperformer and a solid choice for growth investors.
WALL, N.J.--(BUSINESS WIRE)--New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources (NYSE: NJR), today announced it has submitted filings to the New Jersey Board of Public Utilities (NJBPU) that, taken together, provide customers with a 8.9% reduction in customer bills in advance of the 2026-2027 winter season – a $158 annual savings for the average residential customer – and rate stability while seeking recovery for investments in the continued delivery of safe, reliab.
