Quarterly ResultMay 5, 2026, 04:03 PM
New Jersey Resources H1 Net Income $341.4M; Revenue $1.54B
AI Summary
New Jersey Resources reported increased financial performance for the six months ended March 31, 2026, with total operating revenues rising to $1.54 billion and net income reaching $341.4 million. Basic earnings per share also saw a slight increase to $3.39. The company experienced significant growth in cash flows from operating activities, which more than offset increased capital expenditures across its utility, solar, and storage & transportation segments.
Key Highlights
- Net income for H1 2026 increased to $341.4M from $335.6M in H1 2025.
- Total operating revenues rose 10.2% to $1.54B for H1 2026 from $1.40B in H1 2025.
- Basic EPS increased to $3.39 in H1 2026, up from $3.35 in the prior year period.
- Cash flows from operating activities surged 42.3% to $589.3M in H1 2026.
- Utility operating revenues grew 10.4% to $1.05B for H1 2026.
- Nonutility operating revenues increased 9.7% to $493.4M for H1 2026.
- Capital expenditures for solar equipment more than doubled to $131.4M in H1 2026.
Price Impact
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