NEW JERSEY RESOURCES (NJR) Company Report

New Jersey Resources (NJR) reported exceeding initial earnings guidance and long-term growth targets for the fifth consecutive year in fiscal 2025.
The company initiated fiscal 2026 Net Financial Earnings Per Share (NFEPS) guidance of $3.03-$3.18 per share, aligning with its long-term 7%-9% growth rate.
NJR plans to invest approximately $5 billion in capital expenditures through fiscal 2030, a 40% increase over the previous five years, with over 60% directed to its utility, New Jersey Natural Gas, and no block equity issuance needed.
Key growth drivers include Storage and Transportation (S&T) which is projected to more than double net financial earnings by 2027, and Clean Energy Ventures (CEV) which expects to expand capacity by over 50% in the next two years.

Nov 20, 2025, 3:00 PM

New Jersey Resources Reports Strong Fiscal 2025 Results and Provides Fiscal 2026 Guidance

NJR

Earnings

Guidance Update

New Projects/Investments

New Jersey Resources (NJR) reported excellent results for fiscal 2025, exceeding initial earnings guidance and long-term growth targets for the fifth consecutive year.
The company is guiding to Net Financial Earnings Per Share (NFEPS) of $3.03-$3.18 per share for fiscal 2026, consistent with its long-term 7%-9% growth rate.
NJR plans to invest approximately $5 billion over the next five years through fiscal 2030, a 40% increase over the prior five years, with over 60% allocated to its utility, New Jersey Natural Gas.
The Storage and Transportation (S&T) segment is expected to more than double net financial earnings by 2027, driven by recontracting and a planned over 70% increase in working gas capacity at Leaf River.
Clean Energy Ventures (CEV) anticipates expanding in-service capacity by more than 50% over the next two years, supported by a robust pipeline of safe harbor projects.

Nov 20, 2025, 3:00 PM

NJR Reports Strong Fiscal 2025 Results and Outlines Future Growth Plans

NJR

Earnings

Guidance Update

New Projects/Investments

New Jersey Resources (NJR) delivered strong fiscal 2025 results, marking the fifth consecutive year of exceeding initial earnings guidance.
For fiscal 2026, NJR initiated Net Financial Earnings Per Share (NFEPS) guidance of $3.03-$3.18 per share, aligning with its long-term 7%-9% growth target.
The company plans to invest approximately $5 billion in capital expenditures through fiscal 2030, representing a 40% increase over the previous five years, with 60% directed to its utility, New Jersey Natural Gas. This plan requires no block equity issuance.
Key growth drivers include the Storage and Transportation (S&T) segment, projected to more than double net financial earnings by 2027 due to recontracting and a planned 70% increase in Leaf River's working gas capacity.
Clean Energy Ventures (CEV) is also set for growth, with an expected 50% increase in in-service capacity over the next two years.

Nov 20, 2025, 3:00 PM

NJR Announces Q4 2025 Results and Fiscal 2026 Guidance

NJR

Earnings

Guidance Update

Dividends

NJR reported Net Financial Earnings per Share (NFEPS) of $3.29 for Fiscal 2025, an 11.5% increase compared to the prior year, and a Return on Equity (ROE) of 14.0%.
The company provided Fiscal 2026 NFEPS guidance in the range of $3.03 - $3.18.
Total Capital Investment (CAPEX) for Fiscal 2025 was $850 million, with an outlook of $775 million - $930 million for FY2026 and a long-term plan of $4.8 - $5.2 billion through FY2030.
NJR targets a 7-9% long-term NFEPS growth rate and plans for no block equity issuance.
The company has raised its dividend for 30 consecutive years , with an annual dividend of $1.90 and a dividend yield of 4.1% as of November 14, 2025.

Nov 20, 2025, 3:00 PM

New Jersey Resources Reports Strong Fiscal 2025 Results and Issues Fiscal 2026 Guidance

NJR

Earnings

Guidance Update

New Projects/Investments

New Jersey Resources (NJR) reported fiscal 2025 consolidated net financial earnings (NFE) of $329.6 million, or $3.29 per share, achieving the high end of its guidance range and marking the fifth consecutive year of outperforming initial annual NFEPS guidance.
For fiscal 2026, NJR introduced an NFEPS guidance range of $3.03 to $3.18 and maintained its 7 to 9 percent long-term NFEPS growth target.
Operational highlights for fiscal 2025 include New Jersey Natural Gas (NJNG) investing a record $98 million in its SAVEGREEN® energy efficiency program, and Clean Energy Ventures (CEV) placing a record 93 megawatts of in-service capacity.
The company plans to deploy between $4.8 billion and $5.2 billion in capital expenditures through 2030, with over 60% allocated to utility spending at NJNG.