Quarterly ResultAug 4, 2026, 05:03 PM
New Jersey Resources Q3 Net Income $9.69M; Revenue Up 16.8%
AI Summary
New Jersey Resources reported a significant turnaround in its third-quarter fiscal 2026 results, with net income reaching $9.69 million, compared to a net loss of $15.05 million in the prior year. Total operating revenues increased by 16.8% to $349.18 million. For the nine months ended June 30, 2026, net income rose 9.5% to $351.09 million, and operating cash flows surged by nearly 50%.
Key Highlights
- Q3 2026 Net Income was $9.69 million, a significant improvement from a $15.05 million net loss in Q3 2025.
- Q3 2026 Basic EPS was $0.10, compared to a loss of $0.15 per share in Q3 2025.
- Total operating revenues for Q3 2026 increased 16.8% to $349.18 million from $298.95 million year-over-year.
- Nine-month net income increased 9.5% to $351.09 million, with basic EPS up 8.8% to $3.48.
- Cash flows from operating activities for the nine months surged 49.9% to $577.78 million.
- Capital expenditures for utility plant were $315.26 million and for solar equipment were $157.97 million for the nine months.
- The company declared a cash dividend of $0.48 per share for the quarter.
- Proceeds from solar sale-leaseback transactions totaled $100.57 million for the nine months.
Price Impact
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