NewJersey Resources (NYSE:NJR) Announces Quarterly Earnings Results, Beats Expectations By $0.05 EPS

NewJersey Resources (NYSE:NJR) announced its earnings results on Monday. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05, FiscalAI reports. NewJersey Resources had a net margin of 15.67% and a return on equity of 14.58%. The firm had revenue of $349.18 million during the quarter, compared to analyst estimates of $342.13 million. During the same quarter in the prior year, the firm posted ($0.15) EPS. NewJersey Resources’s revenue was up 16.8% compared to the same quarter last year. NewJersey Resources updated its FY 2026 guidance to 3.520-3.620 EPS.

NewJersey Resources Trading Up 0.5%

NYSE:NJR opened at $58.15 on Tuesday. NewJersey Resources has a 1-year low of $43.46 and a 1-year high of $60.86. The business’s 50-day moving average price is $56.82 and its two-hundred day moving average price is $54.99. The company has a current ratio of 0.94, a quick ratio of 0.80 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 17.26 and a beta of 0.50.

Wall Street Analyst Weigh In

NJR has been the subject of several research reports. Mizuho raised their target price on NewJersey Resources from $54.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Wells Fargo & Company initiated coverage on shares of NewJersey Resources in a research report on Tuesday, May 12th. They issued an “overweight” rating and a $63.00 price target for the company. Argus set a $63.00 price objective on NewJersey Resources in a report on Wednesday, May 20th. Finally, Weiss Ratings raised shares of NewJersey Resources from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $58.17.

Key Stories Impacting NewJersey Resources

Here are the key news stories impacting NewJersey Resources this week:

• Positive Sentiment: Quarterly earnings beat estimates: Fiscal Q3 adjusted net financial earnings were $0.11 per share, compared with the $0.06 consensus estimate. GAAP net income was $9.7 million, or $0.10 per share, versus a $15.1 million loss, or $0.15 per share, in the prior-year quarter. New Jersey Resources Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Revenue and year-to-date results improved: Quarterly operating revenue rose 16.8% year over year to $349.2 million. Through the first nine months of fiscal 2026, net income increased to $351.1 million, or $3.48 per share, from $320.6 million, or $3.20 per share. New Jersey Resources Reports Fiscal 2026 Third-Quarter Results
• Positive Sentiment: Full-year guidance remains above consensus: NJR tightened fiscal 2026 net financial earnings guidance to $3.52-$3.62 per share, compared with the $3.50 analyst consensus. The company also reported $577.8 million in year-to-date operating cash flow, supporting ongoing investment in its businesses. New Jersey Resources Tightens Fiscal 2026 Earnings Guidance
• Neutral Sentiment: Expansion continues: New Jersey Natural Gas served approximately 595,000 customers, while Clean Energy Ventures had about 537 megawatts of commercial solar capacity in service. Capital expenditures reached $553.0 million during the first nine months, indicating continued growth investment but also substantial spending.
• Negative Sentiment: Insider selling could temper enthusiasm: Recent filings cited six open-market insider sales over the past six months and no purchases. The reported transactions are not necessarily related to the earnings release, but they may be viewed cautiously by investors. New Jersey Resources Posts Fiscal Third Quarter Profit

Insider Transactions at NewJersey Resources

In related news, insider Christopher T. D’antuono sold 1,150 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $57.34, for a total value of $65,941.00. Following the sale, the insider directly owned 2,985 shares in the company, valued at $171,159.90. This trade represents a 27.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jane M. Kenny sold 8,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $56.10, for a total value of $448,800.00. Following the sale, the director directly owned 21,998 shares in the company, valued at $1,234,087.80. The trade was a 26.67% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 12,150 shares of company stock worth $682,261. 0.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC grew its holdings in NewJersey Resources by 16.5% during the fourth quarter. Kestra Advisory Services LLC now owns 4,988 shares of the utilities provider’s stock worth $230,000 after purchasing an additional 706 shares during the period. UMB Bank n.a. increased its stake in NewJersey Resources by 34.6% in the fourth quarter. UMB Bank n.a. now owns 2,261 shares of the utilities provider’s stock valued at $104,000 after acquiring an additional 581 shares during the last quarter. Quarry LP acquired a new stake in shares of NewJersey Resources in the 4th quarter valued at approximately $223,000. Los Angeles Capital Management LLC acquired a new position in NewJersey Resources in the 4th quarter worth about $122,000. Finally, US Bancorp DE raised its holdings in NewJersey Resources by 7.9% during the 3rd quarter. US Bancorp DE now owns 3,127 shares of the utilities provider’s stock worth $151,000 after purchasing an additional 228 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

About NewJersey Resources

New Jersey Resources Corporation is a publicly traded energy services holding company headquartered in Wall Township, New Jersey. The firm’s primary focus is on the safe and reliable distribution of natural gas, along with complementary energy services and renewable energy investments. Its operations center on delivering cost-effective solutions to residential, commercial and industrial customers throughout the state.

The company’s principal subsidiary, New Jersey Natural Gas, owns and operates an extensive pipeline network that spans northern, central and southern New Jersey.