Quarterly ResultAug 3, 2026, 04:39 PM
New Jersey Resources Q3 NFEPS $0.11; Tightens FY26 Guidance
AI Summary
New Jersey Resources Corporation reported strong fiscal third-quarter 2026 results, with consolidated net financial earnings (NFE) increasing to $11.3 million, or $0.11 per share, compared to $6.2 million, or $0.06 per share, in the prior year. The company tightened its fiscal 2026 NFEPS guidance to a range of $3.52 to $3.62, reflecting an improved outlook. Key operational updates include New Jersey Natural Gas (NJNG) filing for a base rate increase and Clean Energy Ventures (CEV) adding 57.8 MW of new solar capacity. Capital expenditures and cash flows from operations also saw significant increases year-to-date.
Key Highlights
- Fiscal Q3 2026 consolidated net financial earnings (NFE) were $11.3 million, or $0.11 per share, up from $6.2 million ($0.06/share) in Q3 2025.
- Fiscal 2026 year-to-date NFE totaled $350.9 million, or $3.48 per share, compared to $313.4 million ($3.13/share) in YTD 2025.
- Tightens fiscal 2026 NFEPS guidance to a range of $3.52 to $3.62, from its previous range of $3.48 to $3.63.
- New Jersey Natural Gas (NJNG) filed a base rate case seeking a $157.6 million increase.
- Clean Energy Ventures (CEV) placed 8 commercial projects into service, adding 57.8 megawatts (MW) of capacity.
- Year-to-date capital expenditures increased to $553.0 million from $456.8 million in the prior year.
- Cash flows from operations rose to $577.8 million year-to-date, up from $385.2 million in YTD 2025.
- Raises FY 2026 CAPEX range by $40 million to $815 million - $950 million.
Price Impact
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