| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 440.90 | 22.8% |
| Total Income | 440.90 | 22.8% |
| Expenditure | 425.65 | 42.5% |
| PBT | 154.89 | 7.4% |
| Net Profit | 122.49 | 6.7% |
| OPM | 40.65% | 12.17pp |
| NPM | 27.78% | 8.80pp |
| EPS | 1.22 | 7.6% |
New Jersey Resources Reports Q1 FY26 Results; Raises FY26 NFEPS Guidance
04 May 2026 · 4 May, 1:34 am
Summary
New Jersey Resources Corporation reported first-quarter fiscal 2026 consolidated net income of $122.5 million, or $1.22 per share. Consolidated net financial earnings (NFE) were $118.2 million, or $1.17 per share. The company is raising its fiscal 2026 NFEPS guidance to a range of $3.28 to $3.43, driven by strong performance in Energy Services. NJR maintains a long-term net financial earnings per share (NFEPS) growth target of 7 to 9 percent.
Key Highlights
- 1
New Jersey Resources reported a consolidated net income of $122.5 million, or $1.22 per share, for the first quarter of fiscal 2026.
- 2
The company's first-quarter consolidated net financial earnings (NFE) reached $118.2 million, or $1.17 per share.
- 3
New Jersey Natural Gas (NJNG) reported first-quarter NFE of $83.8 million, compared to $66.9 million in the same period of fiscal 2025.
- 4
Energy Services (ES) reported first-quarter NFE of $16.3 million, compared with $7.8 million for the same period in fiscal 2025.
- 5
The company is raising its fiscal 2026 net financial earnings per share (NFEPS) guidance to a range of $3.28 to $3.43, a $0.25 increase.
- 6
Capital expenditures during the first quarter of fiscal 2026 were $163.6 million, including accruals.
- 7
NJR expects to deploy between $4.8 billion and $5.2 billion in capital expenditures through 2030.
Management Comments
Steve Westhoven
NJR is off to a strong start in fiscal 2026. Our performance in the beginning of our fiscal second quarter has exceeded our original projections, as Energy Services benefited from natural gas price volatility. As a result, we are raising our fiscal 2026 NFEPS guidance range by $0.25 to $3.28 to $3.43. This represents the sixth consecutive year in which NJR has raised its guidance as a result of the benefits of our diversified energy platform. We are focused on delivering reliable, affordable energy to our New Jersey Natural Gas customers, pursuing growth opportunities across our Storage and Transportation business, and expanding capacity at Clean Energy Ventures. As we look ahead, we remain committed to disciplined execution and creating long-term value for our shareowners.
Informational and educational content only. Not investment advice.