| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 641.35 | 45.5% | 12.7% |
| Total Income | 641.35 | 45.5% | 12.7% |
| Expenditure | 638.37 | 50.0% | 0.8% |
| PBT | 282.35 | 82.3% | 6.8% |
| Net Profit | 218.91 | 78.7% | 7.2% |
| OPM | 46.94% | 6.29pp | 2.25pp |
| NPM | 34.13% | 6.35pp | 1.76pp |
| EPS | 2.17 | 77.9% | 6.4% |
New Jersey Resources Reports Q2 FY26 Results
05 May 2026 · 5 May, 2:08 am
Summary
New Jersey Resources Corporation reported strong financial results for the second quarter of fiscal 2026, with net income of $218.9 million and NFE of $221.5 million. The company increased its fiscal 2026 NFEPS guidance to a range of $3.48 to $3.63, driven by the continued strong performance of Energy Services. NJNG's customer base continues to expand, reaching approximately 594,000 customers. Capital expenditures for the first six months of fiscal 2026 totaled $353.9 million.
Key Highlights
- 1
New Jersey Resources reported a second-quarter consolidated net income of $218.9 million, or $2.17 per share, for fiscal 2026.
- 2
The company's second-quarter consolidated net financial earnings (NFE) reached $221.5 million, or $2.20 per share, in fiscal 2026.
- 3
Year-to-date net income totaled $341.4 million, or $3.39 per share, for fiscal 2026.
- 4
Year-to-date NFE totaled $339.6 million, or $3.37 per share, for fiscal 2026.
- 5
Fiscal 2026 net financial earnings per share (NFEPS) guidance increased to a range of $3.48 to $3.63.
- 6
NJNG serviced approximately 594,000 customers as of March 31, 2026, compared to approximately 589,000 customers as of September 30, 2025.
- 7
During the first six months of fiscal 2026, capital expenditures were $353.9 million.
Management Comments
Steve Westhoven
Our exceptional operating performance throughout the winter season delivered reliable service, while New Jersey Natural Gas' strong hedging program helped mitigate costs for our customers. Additionally, as a result of Energy Services' continued outperformance, we were able to increase our fiscal 2026 NFEPS guidance for the second time this year.”
Informational and educational content only. Not investment advice.