New Jersey Resources Corp

NJR

Equity

ISIN null / Valor 956530

New York Stock Exchange, Inc (2026-05-29)

USD 55.25-0.56%

New Jersey Resources Corp
UMushroom community rating:

3.00 1 votes No rating yet

NegativeNeutralPositive

About company

New Jersey Resources Corp (NJR) is a Fortune 1000 company engaged in providing a wide range of natural gas and clean energy services. Its operations encompass transportation, distribution, asset management, and various home services, catering to both residential and commercial sectors across New Jersey. NJR is structured around several core business affiliates, including New Jersey Natural Gas (NJNG), which is its principal subsidiary responsible for operating and maintaining a significant natural gas transportation and distribution infrastructure. This infrastructure serves over half a million customers in several counties within New Jersey. Additionally, NJR Clean Energy Ventures (NJRCEV) focuses on investing in, owning, and operating solar projects with a capacity exceeding 365 megawatts, aiming to offer low-carbon solutions. NJR Energy Services (NJRES) manages a diversified portfolio of natural gas transportation and storage assets, providing physical natural gas services and tailored energy solutions across North America. The company also has interests in storage and transportation facilities, including the Leaf River Energy Center and the Adelphia Gateway Pipeline Project, enhancing its service offerings to a broad spectrum of customers from local distributors to wholesale marketers. Through its subsidiary, NJR Home Services, the company offers service contracts and a range of products aimed at improving indoor and outdoor comfort for residential homes throughout New Jersey.

Summarized from source with an LLMView SourceSector: Energy

Full-year results

Fiscal 2025 net income: $335.6M, $3.35 basic EPS. Fiscal 2025 consolidated NFE: $329.6M, $3.29 NFEPS (high end of guidance). Management highlighted record utility investments and strong CEV capacity additions as drivers of full-year performance.

Fourth-quarter results (fiscal 2025)

Q4 FY2025 consolidated net income: $15.1M ($0.15) vs. $91.1M ($0.92) in Q4 FY2024. Q4 consolidated NFE: $16.2M ($0.16) vs. $88.7M ($0.89) a year earlier — the quarter-over-quarter decline was mainly due to lower Energy Services results tied to reduced contribution from Asset Management Agreements (AMAs) that boosted prior-year revenue.

Guidance and outlook

NJR introduced fiscal 2026 NFEPS guidance of $3.03–$3.18 and reaffirmed a 7–9% long-term NFEPS growth target starting from a fiscal 2025 base of $2.83 per share. Management expects fiscal 2026 segment NFE contributions roughly as: New Jersey Natural Gas 67–72%, Clean Energy Ventures 10–15%, Storage & Transportation 8–12%, Energy Services 5–10%, Home Services & Other 1–2%.

Operating and segment highlights

New Jersey Natural Gas (NJNG): record $98M invested under SAVEGREEN®; utility NFE for FY2025 rose to $213.5M (from $133.4M). Clean Energy Ventures (CEV): placed a record ~93.6 MW into service in FY2025 and ended the year with ~479 MW commercial capacity. Storage & Transportation: Adelphia Gateway settlement filed and approved (order Nov 4, 2025); Leaf River submitted a FERC application to add 17.6 BCF capacity. Energy Services: benefited from winter volatility earlier in 2025 but saw lower year-over-year results due to AMA timing.

Capital deployment and cash flow

Capital expenditures in FY2025 were $752.5M (including accruals), up from $575.1M in FY2024. NJR plans $4.8B–$5.2B in capital deployment through 2030 (with >60% at the utility). Cash flows from operations increased to $466.3M in FY2025 (from $427.4M).

Summarized from source with an LLMView Source

Key figures

20.8%1Y

12.8%3Y

29.3%5Y

Performance

16.9%1Y

18.6%3Y

21.0%5Y

Volatility