NEW JERSEY RESOURCES CORP

New Jersey Resources Corporation (NJR) and its subsidiary NJNG have amended their credit agreements. NJR increased its revolving credit commitments from $575 million to $650 million and extended the maturity date to October 27, 2031. NJNG's revolving credit commitments remain at $250 million, with its maturity date also extended to October 27, 2031. These amendments provide enhanced financial flexibility for the companies.

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%.

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.

New Jersey Natural Gas (NJNG) has submitted filings to the New Jersey Board of Public Utilities (NJBPU) for its base rate case, annual Basic Gas Supply Service (BGSS), Conservation Incentive Program (CIP), and Energy Efficiency. These submissions are expected to provide customers with an 8.9% reduction in bills, or $158 annually for the average residential customer, for the upcoming 2026-2027 winter season. Concurrently, NJNG is seeking recovery for approximately $950 million in system investments made since its last base rate case in 2024, aiming for overall net customer rates to remain nearly flat compared to current rates once all filings are implemented.

New Jersey Resources reported increased financial performance for the six months ended March 31, 2026, with total operating revenues rising to $1.54 billion and net income reaching $341.4 million. Basic earnings per share also saw a slight increase to $3.39. The company experienced significant growth in cash flows from operating activities, which more than offset increased capital expenditures across its utility, solar, and storage & transportation segments.

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.