New Jersey Resources Set to Announce Q2 Earnings on May 4th
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy NJR?
Source: seekingalpha
- Earnings Announcement: New Jersey Resources (NJR) is set to release its Q2 earnings report on May 4th after market close, with a consensus EPS estimate of $1.90, reflecting a 6.7% year-over-year growth, indicating the company's consistent profitability.
- Revenue Expectations: The anticipated revenue for Q2 is $849.95 million, representing a 6.9% year-over-year decline, which highlights revenue pressures the company faces in a challenging market environment that may affect investor confidence.
- Historical Performance: Over the past two years, NJR has beaten EPS estimates 75% of the time, while only achieving a 25% success rate in beating revenue estimates, indicating relative stability in earnings but a need for improvement in revenue growth.
- Forecast Adjustments: In the last three months, EPS estimates have seen three upward revisions with no downward adjustments, reflecting analysts' optimism about the company's future profitability, while revenue estimates have also been revised upward once, suggesting increased market confidence in the company's performance.
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Analyst Views on NJR
Wall Street analysts forecast NJR stock price to fall
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 54.860
Low
53.00
Averages
53.50
High
54.00
Current: 54.860
Low
53.00
Averages
53.50
High
54.00
About NJR
New Jersey Resources Corporation, through its subsidiaries, provides natural gas and clean energy services. Its New Jersey Natural Gas business operates and maintains natural gas transportation and distribution infrastructure. Its Clean Energy Ventures business invests in, owns and operates solar projects. Its Energy Services business manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions. Its Storage and Transportation business serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River Storage and the Adelphia Gateway Pipeline, as well as its 50% equity ownership in the Steckman Ridge natural gas storage facility. Its Home Services business provides service plans, installation and repair of heating, central air conditioning, water heaters, standby generators, and other indoor and outdoor comfort products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
New Jersey Resources Corporation Q2 2026 Earnings Highlights
- Strong Financial Performance: New Jersey Resources Corporation reported consolidated net financial earnings of $221.5 million ($2.20 per share) for Q2 2026, a significant increase from $17.3 million ($0.38 per share) in Q2 2025, reflecting strong execution during peak winter demand and notable contributions from the energy services segment.
- Significant Customer Savings: NJR's winter planning, which emphasized supply optimization and hedging, resulted in over $93 million in gross customer savings, effectively mitigating extreme commodity price spikes and reinforcing the company's competitive position in the market.
- Growth and Expansion Plans: New Jersey Natural Gas has formally included Chester Township in its regulated service territory, and the Storage & Transportation segment is on track to see net financial earnings more than double over the next two years, indicating ongoing investments in infrastructure and customer growth.
- Clean Energy Development: The company has brought 33 megawatts of new capacity into service this year and has a project pipeline exceeding 1.2 gigawatts, while exploring technologies such as linear generators, fuel cells, and batteries to optimize existing sites and PJM interconnections, showcasing its strategic focus on renewable energy.
See More
New Jersey Resources Q2 Earnings Exceed Expectations
- Strong Earnings Performance: New Jersey Resources reported a Q2 Non-GAAP EPS of $2.20, beating expectations by $0.30, reflecting robust performance in Energy Services and boosting investor confidence.
- Significant Revenue Growth: Total operating revenue reached $939.4 million, up 2.9% year-over-year, exceeding market expectations by $89.45 million, indicating the company's sustained competitive strength in the market.
- Optimistic Financial Outlook: The company raised its fiscal 2026 net financial earnings per share (NFEPS) guidance to a range of $3.48 to $3.63, a $0.20 increase from the previous range of $3.28 to $3.43, reflecting ongoing strong performance.
- Stable Long-term Growth Target: New Jersey Resources maintains a long-term NFEPS growth target of 7% to 9%, starting from a fiscal 2025 base of $2.83 per share, projecting a 2026 NFEPS range of $3.03 to $3.08, demonstrating confidence in future growth.
See More
New Jersey Resources Corp. Reports Increased Q2 Earnings
- Earnings Growth: New Jersey Resources Corp. reported a profit of $218.912 million for Q2, translating to $2.16 per share, which marks a significant increase from last year's $204.287 million and $2.02 per share, indicating improved profitability.
- Adjusted Earnings: Excluding items, the company reported adjusted earnings of $221.463 million or $2.20 per share, reflecting strong core business performance and bolstering investor confidence.
- Revenue Increase: The company's revenue rose by 2.9% to $939.401 million compared to $913.027 million last year, demonstrating stable market demand and enhanced operational efficiency.
- Positive Market Outlook: With both earnings and revenue growth, New Jersey Resources Corp. showcases a robust financial health, which is expected to provide ample funding for future investments and expansions.
See More
New Jersey Resources Raises Financial Earnings Guidance for Fiscal 2026
- Financial Performance Growth: New Jersey Resources reported a second-quarter net income of $218.9 million for fiscal 2026, translating to $2.17 per share, which marks an increase from $204.3 million and $2.04 per share in the same quarter of fiscal 2025, indicating strong performance in the energy services sector.
- Net Financial Earnings Increase: The second-quarter net financial earnings reached $221.5 million, or $2.20 per share, significantly up from $178.3 million and $1.78 per share in fiscal 2025, reflecting the company's ability to capture additional financial margins amid market volatility.
- Guidance Upgrade: The company raised its fiscal 2026 net financial earnings per share guidance to a range of $3.48 to $3.63, up from $3.28 to $3.43, representing a $0.20 increase and demonstrating enhanced confidence in future performance, marking the second upward revision this year.
- Customer Growth and Energy Investment: As of March 31, 2026, New Jersey Natural Gas served approximately 594,000 customers, up from 589,000 in September 2025, while investing $46.5 million in the SAVEGREEN® energy efficiency program, further driving customer savings and supporting long-term growth for the company.
See More
NJR Q4 2025 Earnings Call Transcript
See More
Major Earnings Reports Expected After Market Close on Monday
- Major Earnings Preview: After the market close on Monday, companies such as Palantir Technologies, Pinterest, Vertex Pharmaceuticals, and Transocean are set to release their earnings reports, with market participants keenly anticipating the potential impact on stock prices.
- Market Reaction Expectations: Investors are particularly focused on the earnings of Palantir and Pinterest, as their performance could influence the overall trajectory of tech stocks, especially in the current economic climate.
- Additional Earnings Releases: In addition to the major companies, several others including ADTN, ADUS, and AEIS will also report earnings after Monday's close, expected to provide further industry insights and investment opportunities.
- Earnings Season Calendar: Seeking Alpha offers a comprehensive earnings season calendar, allowing investors to access specific release times and expected data for more companies.
See More
New Jersey Resources Corporation Q2 2026 Earnings Highlights
- Strong Financial Performance: New Jersey Resources Corporation reported consolidated net financial earnings of $221.5 million ($2.20 per share) for Q2 2026, a significant increase from $17.3 million ($0.38 per share) in Q2 2025, reflecting strong execution during peak winter demand and notable contributions from the energy services segment.
- Significant Customer Savings: NJR's winter planning, which emphasized supply optimization and hedging, resulted in over $93 million in gross customer savings, effectively mitigating extreme commodity price spikes and reinforcing the company's competitive position in the market.
- Growth and Expansion Plans: New Jersey Natural Gas has formally included Chester Township in its regulated service territory, and the Storage & Transportation segment is on track to see net financial earnings more than double over the next two years, indicating ongoing investments in infrastructure and customer growth.
- Clean Energy Development: The company has brought 33 megawatts of new capacity into service this year and has a project pipeline exceeding 1.2 gigawatts, while exploring technologies such as linear generators, fuel cells, and batteries to optimize existing sites and PJM interconnections, showcasing its strategic focus on renewable energy.
See More
New Jersey Resources Q2 Earnings Exceed Expectations
- Strong Earnings Performance: New Jersey Resources reported a Q2 Non-GAAP EPS of $2.20, beating expectations by $0.30, reflecting robust performance in Energy Services and boosting investor confidence.
- Significant Revenue Growth: Total operating revenue reached $939.4 million, up 2.9% year-over-year, exceeding market expectations by $89.45 million, indicating the company's sustained competitive strength in the market.
- Optimistic Financial Outlook: The company raised its fiscal 2026 net financial earnings per share (NFEPS) guidance to a range of $3.48 to $3.63, a $0.20 increase from the previous range of $3.28 to $3.43, reflecting ongoing strong performance.
- Stable Long-term Growth Target: New Jersey Resources maintains a long-term NFEPS growth target of 7% to 9%, starting from a fiscal 2025 base of $2.83 per share, projecting a 2026 NFEPS range of $3.03 to $3.08, demonstrating confidence in future growth.
See More
New Jersey Resources Corp. Reports Increased Q2 Earnings
- Earnings Growth: New Jersey Resources Corp. reported a profit of $218.912 million for Q2, translating to $2.16 per share, which marks a significant increase from last year's $204.287 million and $2.02 per share, indicating improved profitability.
- Adjusted Earnings: Excluding items, the company reported adjusted earnings of $221.463 million or $2.20 per share, reflecting strong core business performance and bolstering investor confidence.
- Revenue Increase: The company's revenue rose by 2.9% to $939.401 million compared to $913.027 million last year, demonstrating stable market demand and enhanced operational efficiency.
- Positive Market Outlook: With both earnings and revenue growth, New Jersey Resources Corp. showcases a robust financial health, which is expected to provide ample funding for future investments and expansions.
See More
New Jersey Resources Raises Financial Earnings Guidance for Fiscal 2026
- Financial Performance Growth: New Jersey Resources reported a second-quarter net income of $218.9 million for fiscal 2026, translating to $2.17 per share, which marks an increase from $204.3 million and $2.04 per share in the same quarter of fiscal 2025, indicating strong performance in the energy services sector.
- Net Financial Earnings Increase: The second-quarter net financial earnings reached $221.5 million, or $2.20 per share, significantly up from $178.3 million and $1.78 per share in fiscal 2025, reflecting the company's ability to capture additional financial margins amid market volatility.
- Guidance Upgrade: The company raised its fiscal 2026 net financial earnings per share guidance to a range of $3.48 to $3.63, up from $3.28 to $3.43, representing a $0.20 increase and demonstrating enhanced confidence in future performance, marking the second upward revision this year.
- Customer Growth and Energy Investment: As of March 31, 2026, New Jersey Natural Gas served approximately 594,000 customers, up from 589,000 in September 2025, while investing $46.5 million in the SAVEGREEN® energy efficiency program, further driving customer savings and supporting long-term growth for the company.
See More
NJR Q4 2025 Earnings Call Transcript
See More
Major Earnings Reports Expected After Market Close on Monday
- Major Earnings Preview: After the market close on Monday, companies such as Palantir Technologies, Pinterest, Vertex Pharmaceuticals, and Transocean are set to release their earnings reports, with market participants keenly anticipating the potential impact on stock prices.
- Market Reaction Expectations: Investors are particularly focused on the earnings of Palantir and Pinterest, as their performance could influence the overall trajectory of tech stocks, especially in the current economic climate.
- Additional Earnings Releases: In addition to the major companies, several others including ADTN, ADUS, and AEIS will also report earnings after Monday's close, expected to provide further industry insights and investment opportunities.
- Earnings Season Calendar: Seeking Alpha offers a comprehensive earnings season calendar, allowing investors to access specific release times and expected data for more companies.
See More
