- New Jersey Resources (NJR) reported its fourth-quarter basic net financial earnings per share (EPS) at 16 cents, which exceeded analyst estimates of 15 cents. However, it was a notable decrease from the previous year’s 89 cents per share.
- The company’s operating revenue for the quarter was $336.1 million, reflecting a 15% decrease compared to the previous year, and was below the estimated $371.8 million.
- For the year 2026, NJR forecasts its net financial EPS to be between $7 and $9.
- NJR plans capital expenditures of $4.8 billion to $5.2 billion through 2030, with over 60% allocated to utility spending at New Jersey Natural Gas (NJNG).
- All planned Clean Energy Ventures (CEV) capital expenditures will be safe-harbored, ensuring they remain eligible for tax credits.
- Strategic growth opportunities in Services & Technologies (S&T) will focus on supporting long-term value creation for NJR.
- The fiscal 2026 guidance for NJR’s net financial EPS is projected to be in the range of $3.03 to $3.18, although this is subject to identified risks and uncertainties.
New Jersey Resources on Smartkarma
Analyst coverage of New Jersey Resources on Smartkarma highlights the insights of Baptista Research. In their report titled “New Jersey Resources: Will Its Strategic Investments in Infrastructure Yield Results?”, Baptista Research expresses a bullish sentiment towards the company. The report emphasizes NJR’s strong financial performance in the second quarter of fiscal year 2025, attributing it to the company’s focus on disciplined capital deployment and operational excellence. NJR’s upward revision of its net financial earnings per share guidance, supported by the robust performance of its wholesale gas marketing segment, NJR Energy Services, indicates positive growth prospects exceeding the long-term target.
A look at New Jersey Resources Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
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 the Smartkarma Smart Scores, New Jersey Resources shows a positive long-term outlook. With strong scores in dividend, growth, resilience, and momentum, the company appears well-positioned for future success. New Jersey Resources Corporation, known for providing energy services in various regions, including New Jersey, the Gulf Coast, New England, and Canada, is backed by these favorable scores, indicating promising prospects ahead.
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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