earnings
confidence high
sentiment positive
materiality 0.75
NJR Q2 net income $218.9M ($2.17/sh); raises FY2026 NFEPS guidance to $3.48-$3.63
NEW JERSEY RESOURCES CORP
2026-Q2 EPS reported
$3.37
revenue$1,082,249,000
- Q2 net income $218.9M ($2.17/sh) vs $204.3M ($2.04/sh) YoY; NFE $221.5M ($2.20/sh) vs $178.3M ($1.78/sh).
- Fiscal 2026 NFEPS guidance raised $0.20 to $3.48-$3.63, second increase this year due to Energy Services outperformance.
- Year-to-date net income $341.4M ($3.39/sh) vs $335.6M ($3.35/sh); NFE $339.6M ($3.37/sh) vs $307.2M ($3.07/sh).
- Maintains long-term 7-9% NFEPS growth target from fiscal 2025 base of $2.83/sh.
- CEO cites strong winter operations and hedging program; Energy Services continued strong performance.