New Jersey Resources Corporation
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Range $61 – $63
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About the company
New Jersey Resources Corporation functions as a diversified energy holding company, offering regulated natural gas distribution along with both retail and wholesale energy solutions. The company's business activities are categorized into four primary divisions: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment delivers regulated natural gas utility services to approximately 564,000 residential and business clients situated in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties within New Jersey.
- CEO
- Stephen D. Westhoven
- IPO
- 1980
- Employees
- 1,372
- HQ
- Wall, NJ, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $5.53B
- P/E
- 15.08
- Fwd P/E
- 15.35
- PEG
- -1.27
- P/S
- 2.48
- P/B
- 2.10
- EV/EBITDA
- 11.86
- Div Yield
- 3.46%
- Gross Margin
- 28.27%
- Op Margin
- 24.62%
- Net Margin
- 16.38%
- ROE
- 14.42%
- ROIC
- 5.61%
Latest fiscal year · YoY change
- Revenue
- $2.03B+13.9%
- Gross Profit
- $435.78M-0.2%
- Op Income
- $435.78M
- Net Income
- $335.63M+15.8%
- EPS
- $3.35+13.9%
- OCF Growth
- +9.1%
- FCF Growth
- -66.6%
- 52W High
- $60.86
- 52W Low
- $43.46
- 50D MA
- $56.82
- 200D MA
- $52.85
- Beta
- 0.53
- RSI (14)
- 41
- Avg Volume
- 685.08K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
New Jersey Resources tightened fiscal 2026 guidance after a solid third quarter, with utility capital spending increasing and midstream/clean energy projects supporting longer-term growth.· August 4, 2026
- Fiscal 2026 NFEPS guidance was narrowed to $3.52-$3.62 per share, with the midpoint raised.
- Q3 consolidated NFE was $11.3 million, or $0.11 per share, up from $6.2 million, or $0.06 per share a year ago.
- Capital spending through year-to-date was about $630 million, and full-year fiscal 2026 CapEx was increased to $815 million-$950 million.
- S&T benefitted from favorable recontracting and management said earnings could double from fiscal 2025 to 2027.
- CEV continued adding in-service capacity, while management highlighted optionality around future capacity-market and interconnection-related investments.
Fiscal 2026 third quarter consolidated net financial earnings were $11.3 million, or $0.11 per share, versus $6.2 million, or $0.06 per share in Q3 fiscal 2025. Year-to-date capital deployed was approximately $630 million. NJR tightened fiscal 2026 NFEPS guidance to $3.52-$3.62 per share and increased fiscal 2026 CapEx expectations to $815 million-$950 million from $775 million-$930 million. The company reaffirmed its 5-year CapEx outlook of $4.8 billion-$5.2 billion through fiscal 2030 and its long-term NFEPS growth target of 7% to 9%.
Steve Westhoven said NJR delivered a solid quarter through disciplined execution across its utility, storage/transportation, and clean energy businesses. He emphasized balancing affordability with reliability at New Jersey Natural Gas, including filings aimed at bill relief ahead of winter and bills expected to remain nearly flat once implemented. He also framed S&T as having near-term visibility and long-term growth, and CEV as a scalable platform with a deep pipeline and flexibility to invest where returns are best.
Roberto Bel said the company tightened fiscal 2026 NFEPS guidance to $3.52-$3.62 per share because of greater visibility after nine months and the benefits of the diversified model. He noted Q3 NFE of $11.3 million, or $0.11 per share, versus $6.2 million, or $0.06 per share last year, with improved contributions from CEV and S&T. He also said CapEx increased to $815 million-$950 million for fiscal 2026, that adjusted FFO to adjusted debt is expected to exceed 20% in fiscal 2026, and that liquidity remains strong with a well-laddered debt maturity profile.
Analysts focused on the New Jersey rate case and the broader affordability/EO1 regulatory backdrop. Management said the filing was intentionally structured to protect consumer costs, that the process so far has been normal, and that there are no material differences from prior rate cases at this point. Questions also probed rebasing and S&T/CEV growth; Roberto said the 7% to 9% long-term growth framework still starts from the $2.73 2025 base, while Steve said S&T expansions could continue and CEV sees long-term opportunity but no new capacity-market investment is in the current plan yet.
The company raised CapEx and still tightened guidance, suggesting stronger visibility and execution than previously expected. Management sounded constructive on all three businesses: utility investment is supporting safety and reliability, S&T has favorable recontracting and growth upside, and CEV has optionality from existing interconnects and a deep pipeline. They also reaffirmed long-term growth targets and strong credit metrics.
The utility is facing a sensitive affordability and rate-case environment, and management repeatedly said the process is still early and could be influenced by broader regulatory discussions. A meaningful part of the growth story depends on future execution and approvals at Leaf River, S&T expansions, and CEV’s ability to define a return profile for capacity-market-related investments. The company also raised capital needs, which increases the execution burden even as it expects strong cash generation.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 99.4%
- Shares Outstanding
- 100.92M
- Float Shares
- 100.35M
of shares held by institutions
438 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for NJR, newest first.
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 17.99M | ▲ 611.38K |
| Vanguard Group Inc | 10.91M | ▼ 106.94K |
| State Street Corp | 5.42M | ▲ 343.54K |
| Vanguard Capital Management LLC | 4.54M | ▲ 40.59K |
| Dimensional Fund Advisors LP | 4.31M | ▲ 172.59K |
| Geode Capital Management, LLC | 3.09M | ▲ 492.94K |
| Wells Fargo & Company/Mn | 2.34M | ▼ 125.51K |
| Aqr Capital Management LLC | 1.89M | ▲ 723.41K |
| Morgan Stanley | 1.70M | ▲ 394.48K |
| Neuberger Berman Group LLC | 1.61M | ▲ 97.67K |
| Energy Income Partners, LLC | 1.40M | ▼ 13.57K |
| Northern Trust Corp | 1.35M | ▲ 57.79K |
Held by 397 ETFs
Biggest fund positions in NJR by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 14, 26 | Migliaccio Patrick J. | sell | 3,000 |
| May 22, 26 | D'Antuono Christopher T. | sell | 1,150 |
| May 11, 26 | Migliaccio Patrick J. | sell | 3,000 |
| May 8, 26 | KENNY JANE M | sell | 8,000 |
| Mar 19, 26 | Reich Richard | sell | 5,449 |
| Mar 16, 26 | Bel Roberto | sell | 2,035 |
| Mar 16, 26 | Bel Roberto | sell | 2,035 |
| Mar 16, 26 | Bel Roberto | sell | 2,035 |
| Feb 4, 26 | D'Antuono Christopher T. | other | 0 |
| Feb 4, 26 | D'Antuono Christopher T. | other | 0 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our NJR coverage
Recent articles, reports, and earnings notes.
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Generate NJR report →NewJersey Resources Q3 Earnings Call Highlights
marketbeat.com · Aug 5
New Jersey Resources Corporation (NJR) Q3 2026 Earnings Call Transcript
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New Jersey Resources (NJR) Q3 Earnings and Revenues Beat Estimates
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New Jersey Resources Reports Fiscal 2026 Third-Quarter Results
businesswire.com · Aug 3
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