Quarterly ResultMay 4, 2026, 04:38 PM
New Jersey Resources Q2 NFEPS $2.20; Raises FY26 Guidance to $3.48-$3.63
AI Summary
New Jersey Resources Corporation reported strong financial results for its fiscal 2026 second quarter, with consolidated net financial earnings (NFE) of $221.5 million, or $2.20 per share, compared to $178.3 million, or $1.78 per share, in the prior year. The company increased its fiscal 2026 NFEPS guidance by $0.20 to a range of $3.48 to $3.63, citing continued outperformance from its Energy Services segment. Year-to-date NFE reached $339.6 million, or $3.37 per share. The company will host a webcast on May 5, 2026, to discuss these results.
Key Highlights
- Fiscal 2026 Q2 consolidated net income was $218.9 million, or $2.17 per share.
- Fiscal 2026 Q2 consolidated net financial earnings (NFE) were $221.5 million, or $2.20 per share.
- Fiscal 2026 year-to-date NFE totaled $339.6 million, or $3.37 per share.
- Fiscal 2026 NFEPS guidance increased by $0.20 to a range of $3.48 to $3.63.
- Energy Services segment Q2 NFE was $72.3 million, up from $35.3 million in FY25.
- New Jersey Natural Gas (NJNG) Q2 NFE was $148.5 million, up from $144.5 million in FY25.
- NJNG serviced approximately 594,000 customers as of March 31, 2026.
- Capital expenditures for the first six months of fiscal 2026 were $353.9 million.