NJR Stock - New Jersey Resources Corporation
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $2.03B | $1.78B | $1.93B | $2.91B | $2.13B |
| Gross Profit | $435.78M | $436.70M | $299.83M | $397.07M | $301.05M |
| Gross Margin | 21.4% | 24.5% | 15.5% | 13.6% | 14.2% |
| Operating Income | $435.78M | $436.70M | $299.83M | $397.07M | $301.05M |
| Net Income | $335.63M | $289.77M | $264.72M | $274.92M | $117.89M |
| Net Margin | 16.5% | 16.2% | 13.7% | 9.4% | 5.5% |
| EPS | $3.35 | $2.94 | $2.73 | $2.86 | $1.23 |
New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 564,000 residential and commercial customers throughout Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates commercial and residential solar projects situated in New Jersey, Connecticut, Rhode Island, and New York. The Energy Services segment offers unregulated wholesale energy management services to other energy companies and natural gas producers, as well as maintains and transacts a portfolio of physical assets consisting of natural gas storage and transportation contracts in the United States and Canada. The Storage and Transportation segment invests in natural gas transportation and storage facilities. It provides heating, ventilation, and cooling services; holds commercial real estate properties; and offers solar equipment installation, and plumbing repair and installation services, as well as engages in the water appliance sale, installation, and servicing activities. The company was incorporated in 1981 and is headquartered in Wall, New Jersey.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 17th 2025 | Mizuho | Upgrade | Outperform | $54 |
| June 13th 2025 | Raymond James | Initiation | Outperform | $49 |
| April 1st 2025 | Jefferies | Initiation | Hold | $51 |
| December 12th 2024 | JP Morgan | Upgrade | Overweight | $54← $52 |
| September 21st 2023 | JP Morgan | Upgrade | Neutral | $46← $44 |
| September 9th 2022 | JP Morgan | Downgrade | Underweight | $46← $47 |
Earnings History & Surprises
NJREPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 4, 2026 | — | — | — | — |
Q1 2026 | Feb 2, 2026 | $0.98 | — | — | — |
Q4 2025 | Nov 19, 2025 | $0.15 | $0.16 | +6.1% | ✓ BEAT |
Q3 2025 | Aug 4, 2025 | $-0.06 | $0.06 | +200.0% | ✓ BEAT |
Q2 2025 | May 5, 2025 | $1.65 | $1.76 | +6.7% | ✓ BEAT |
Q1 2025 | Feb 3, 2025 | $1.14 | $1.29 | +13.2% | ✓ BEAT |
Q4 2024 | Nov 25, 2024 | $0.88 | $0.89 | +1.1% | ✓ BEAT |
Q3 2024 | Aug 6, 2024 | $-0.02 | $-0.09 | -275.0% | ✗ MISS |
Q2 2024 | May 7, 2024 | $1.33 | $1.41 | +6.0% | ✓ BEAT |
Q1 2024 | Feb 6, 2024 | $0.75 | $0.74 | -1.3% | ✗ MISS |
Q4 2023 | Nov 21, 2023 | $0.30 | $0.30 | 0.0% | = MET |
Q3 2023 | Aug 3, 2023 | $0.02 | $0.10 | +350.0% | ✓ BEAT |
Q2 2023 | May 4, 2023 | $1.21 | $1.16 | -4.1% | ✗ MISS |
Q1 2023 | Feb 2, 2023 | $0.72 | $1.14 | +58.3% | ✓ BEAT |
Q4 2022 | Nov 17, 2022 | $0.43 | $0.50 | +16.3% | ✓ BEAT |
Q3 2022 | Aug 4, 2022 | $0.08 | $-0.04 | -150.0% | ✗ MISS |
Q2 2022 | May 5, 2022 | $1.27 | $1.36 | +7.1% | ✓ BEAT |
Q1 2022 | Feb 3, 2022 | $0.59 | $0.69 | +16.9% | ✓ BEAT |
Q4 2021 | Nov 18, 2021 | $0.08 | $0.07 | -12.5% | ✗ MISS |
Q3 2021 | Aug 5, 2021 | $-0.07 | $-0.15 | -114.3% | ✗ MISS |
Latest News
Mizuho Upgrades New Jersey Resources to Outperform, Raises Price Target to $54
📈 PositiveUpdate: New Jersey Resources Sees FY2026 Adj EPS $3.03-$3.18 vs $3.12 Est
➖ NeutralNew Jersey Resources Sees FY2026 Adj EPS $3.03-$3.18 vs $3.23 Est
📉 NegativeNew Jersey Resources Q4 Adj. EPS $0.16 Misses $0.18 Estimate, Sales $336.078M Beat $299.750M Estimate
➖ NeutralNew Jersey Resources Increases Quarterly Dividend From $0.45 To $0.475 Per Share
📈 PositiveFrequently Asked Questions about NJR
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