- New Jersey Resources reported a basic net financial EPS of $1.78 for the second quarter, exceeding last year’s $1.41 and surpassing the estimated $1.64.
- The company’s operating revenue stood at $913 million, reflecting a 39% increase compared to the previous year and beating the expected $797.3 million.
- New Jersey Resources maintains a long-term net financial EPS growth target of 7% to 9%, based on a target of $2.83 per share for the fiscal year 2025.
- The company has raised its fiscal 2025 net financial EPS guidance range by $0.10, bringing it to a new range of $3.15 to $3.30 per share.
New Jersey Resources on Smartkarma
Analysts at Baptista Research on Smartkarma recently covered New Jersey Resources with a bullish outlook. In their report titled “New Jersey Resources: Storage & Transportation Optimization to Support Overall Growth Strategy!”, they highlighted the company’s strong performance in the fiscal 2025 first quarter. Despite facing challenges, New Jersey Resources Corporation demonstrated significant growth across various segments. One key achievement was New Jersey Natural Gas (NJNG) reaching a milestone by implementing new rates, enabling the recovery of $850 million in investments and establishing a rate base of $3.2 billion.
A look at New Jersey Resources Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, New Jersey Resources is poised for a positive long-term outlook. With above-average scores for Dividend, Growth, and Momentum, the company shows strong potential for stability and expansion. Its focus on delivering retail and wholesale energy services across a broad geographical area gives New Jersey Resources a solid foundation for growth and resilience in the energy sector. Additionally, the company’s emphasis on dividends highlights its commitment to providing value to investors.
New Jersey Resources Corporation, with its diverse energy services reaching customers from the Gulf Coast to New England and into Canada, appears to be well-positioned for future success. The company’s respectable scores across various factors indicate a balanced approach to generating value for shareholders while maintaining steady growth and profitability. With a solid foundation in local distribution through its subsidiary New Jersey Natural Gas Co., New Jersey Resources demonstrates a commitment to serving its customers while also focusing on sustained performance and long-term sustainability.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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