NewJersey Resources (NYSE:NJR) Releases Earnings Results, Beats Estimates By $0.31 EPS

Key Points

• Q1 beat and upgraded guidance: NewJersey Resources reported $2.20 EPS vs. $1.89 expected (a $0.31 beat) and $939.4M in revenue, and raised FY2026 guidance to 3.480–3.630 EPS.
• Dividend announced: The company declared a quarterly dividend of $0.475 per share (annualized $1.90) with an ex‑dividend/record date of June 10, implying a yield of 3.4% and a payout ratio around 58.8%.
• Analyst and market context: Wall Street consensus is a "Buy" with a $54.50 target, the stock trades near $56.13 (market cap ~$5.66B), and insiders have recently sold shares while institutions own about 71% of the stock.

NewJersey Resources (NYSE:NJR - Get Free Report) issued its quarterly earnings results on Monday. The utilities provider reported $2.20 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.31, FiscalAI reports. The company had revenue of $939.40 million for the quarter, compared to analyst estimates of $849.95 million. NewJersey Resources had a net margin of 15.18% and a return on equity of 13.06%. NewJersey Resources updated its FY 2026 guidance to 3.480-3.630 EPS.

NewJersey Resources Trading Up 0.2%

NYSE NJR traded up $0.13 during mid-day trading on Monday, reaching $56.13. 574,490 shares of the stock were exchanged, compared to its average volume of 547,129. NewJersey Resources has a one year low of $43.46 and a one year high of $57.70. The stock has a 50 day simple moving average of $55.01 and a 200-day simple moving average of $50.14. The stock has a market cap of $5.66 billion, a P/E ratio of 17.38 and a beta of 0.51. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.83 and a quick ratio of 0.58.

NewJersey Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, June 10th. NewJersey Resources's dividend payout ratio (DPR) is currently 58.82%.

Analyst Ratings Changes

NJR has been the subject of a number of analyst reports. Williams Trading set a $55.00 target price on shares of NewJersey Resources in a research note on Tuesday, February 3rd. Mizuho lifted their target price on shares of NewJersey Resources from $54.00 to $61.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 21st. Raymond James Financial reissued an "outperform" rating on shares of NewJersey Resources in a research note on Tuesday, February 3rd. Wall Street Zen raised shares of NewJersey Resources from a "sell" rating to a "hold" rating in a research note on Saturday, February 7th. Finally, Weiss Ratings raised shares of NewJersey Resources from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, NewJersey Resources has an average rating of "Buy" and a consensus price target of $54.50.

Insider Buying and Selling at NewJersey Resources

In other NewJersey Resources news, SVP Richard Reich sold 5,449 shares of NewJersey Resources stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $52.99, for a total value of $288,742.51. Following the completion of the sale, the senior vice president directly owned 26,975 shares of the company's stock, valued at approximately $1,429,405.25. The trade was a 16.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Roberto Bel sold 6,105 shares of NewJersey Resources stock in a transaction on Monday, March 16th. The shares were sold at an average price of $55.10, for a total transaction of $336,385.50. Following the completion of the sale, the chief financial officer directly owned 19,780 shares of the company's stock, valued at approximately $1,089,878. This trade represents a 23.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.70% of the company's stock.

Institutional Investors Weigh In On NewJersey Resources

Several hedge funds and other institutional investors have recently bought and sold shares of NJR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in NewJersey Resources by 6.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,363 shares of the utilities provider's stock valued at $2,912,000 after purchasing an additional 3,422 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of NewJersey Resources by 65.7% during the first quarter. NewEdge Advisors LLC now owns 22,214 shares of the utilities provider's stock worth $1,090,000 after acquiring an additional 8,808 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in NewJersey Resources by 10.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 320,113 shares of the utilities provider's stock worth $15,705,000 after purchasing an additional 29,458 shares during the last quarter. Jane Street Group LLC purchased a new position in NewJersey Resources during the first quarter worth about $8,907,000. Finally, Invesco Ltd. boosted its holdings in NewJersey Resources by 14.4% during the second quarter. Invesco Ltd. now owns 465,923 shares of the utilities provider's stock worth $20,883,000 after purchasing an additional 58,795 shares during the last quarter. 70.98% of the stock is owned by institutional investors.

About NewJersey Resources

New Jersey Resources Corporation is a publicly traded energy services holding company headquartered in Wall Township, New Jersey. The firm's primary focus is on the safe and reliable distribution of natural gas, along with complementary energy services and renewable energy investments. Its operations center on delivering cost-effective solutions to residential, commercial and industrial customers throughout the state.

The company's principal subsidiary, New Jersey Natural Gas, owns and operates an extensive pipeline network that spans northern, central and southern New Jersey.

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