NJR Tightens FY26 NFEPS Guidance to $3.52–$3.62, Raises Capex Range, and Reports Strong YTD Results
NJR sits 34% above its 52-week low of $43.46.
Summary
NJR reported Q3 net income of $9.7M ($0.10/share) versus a loss last year, tightened FY26 NFEPS guidance to $3.52–$3.62, and raised its capex range to $815M–$950M. The Leaf River expansion received its FERC certificate, and S&T earnings are on pace to more than double by 2027.
Key Events · Earnings and Guidance · NJR
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Q3 Earnings Swing to Profit
Consolidated net income reached $9.7 million ($0.10/share), a sharp turnaround from the net loss of $(15.1) million ($(0.15)/share) in Q3 2025. Net financial earnings (NFE) also improved, rising to $11.3 million ($0.11/share) from $6.2 million ($0.06/share).
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FY26 Guidance Tightened Upward
Reflecting robust year-to-date results and a confident outlook for the remainder of the year, NJR tightened its fiscal 2026 NFEPS guidance to $3.52–$3.62, up from the prior range of $3.48–$3.63.
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Capital Spending Range Raised
Driven by higher investments at NJNG and CEV, the FY2026 capex range was increased by $40 million to $815–$950 million. Total capex through 2030 remains $4.8–$5.2 billion, with no block equity needs.
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Leaf River Expansion Gets FERC Certificate
The Leaf River storage expansion received its FERC certificate ahead of schedule, supporting the expectation that S&T's NFE will more than double from $18.5 million in 2025 to $42–$47 million by 2027.
Analysis · NJR · Energy & Transportation
A swing to profitability in the fiscal third quarter underscores the strength of New Jersey Resources' diversified model, as the company moved from a net loss a year ago to solid net income. Bolstered by this performance, management tightened its full-year earnings guidance upward and raised the capital spending range by $40 million, signaling confidence in both the regulated utility and clean energy expansion. The Leaf River storage project secured a key regulatory approval ahead of schedule, while the storage and transportation segment remains on pace to more than double its earnings by 2027. Together, these developments reinforce the 7–9% long-term growth target and highlight the resilience of NJR's energy infrastructure platform.
At the time of this filing, NJR was trading at $58.08 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $5.9B. The 52-week trading range was $43.46 to $60.86. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.