New Jersey Resources Corporation (NJR)

In the past six months, NJR reported strong performance from Energy Services in its fiscal 2026 first-quarter results, raising its fiscal 2026 net financial earnings per share (NFEPS) guidance. The stock reached a new 52-week high of $56.04 around April 6, 2026, and as of March 27, 2026, the share price was $54.59, an increase of 11.27% from March 31, 2025. An upcoming dividend of $0.47 per share was announced for March 11, 2026, and a Senior VP notified an intention to sell stock on March 17, 2026. Shareowners also elected five directors at the 2026 Annual Meeting on January 21, 2026.

Demand for New Jersey Resources Corp.'s products and services exhibits seasonality, with peak demand during the winter heating season due to increased natural gas consumption. The first fiscal quarter captures the heart of the winter heating season, and performance is significantly influenced by cold weather demand and natural gas price volatility. NJR Energy Services can benefit from natural gas price volatility during these periods.

New Jersey Resources Corp. (NJR) is a diversified energy infrastructure and energy services holding company based in Wall, New Jersey, operating in the Utilities sector. Its business is structured around five segments: New Jersey Natural Gas (NJNG) which operates and maintains natural gas transportation and distribution infrastructure, NJR Clean Energy Ventures (NJRCEV) which invests in and operates solar projects, NJR Energy Services (NJRES) which manages a diversified portfolio of natural gas assets, NJR Midstream (Storage & Transportation) which owns facilities like Leaf River Energy Center and the Adelphia Gateway Pipeline, and NJR Home Services (NJRHS) which offers service contracts and installs/repairs home comfort products.

New Jersey Resources Corp.'s geographic footprint primarily covers New Jersey for natural gas distribution in several counties. Its NJR Energy Services and NJR Midstream operations extend across North America, including the Gulf Coast, Eastern Seaboard, Southwest, Mid-continent, and Canada, for natural gas transportation and storage. Key infrastructure assets are located in southeastern Pennsylvania and Mississippi, with a storage facility in Bedford County, Pennsylvania.

New Jersey Resources Corp. has maintained a strong brand reputation, being recognized by Newsweek as one of "America's Most Responsible Companies" for five consecutive years. Its principal subsidiary, New Jersey Natural Gas (NJNG), has consistently been recognized as one of the most trusted utilities in the nation and one of the top natural gas and electric utilities that are "easiest to do business with" for the seventh consecutive year. No significant events negatively affecting New Jersey Resources Corp.'s reputation in the past year were found.

New Jersey Resources Corp. is primarily owned by institutional investors, holding approximately 76.52% to 78.4% of shares. The largest institutional shareholders include BlackRock, Inc., The Vanguard Group Inc., and State Street Corp. Insider ownership is relatively low, around 1.5% to 2.01%, while retail investors hold approximately 21.48% to 27% of the company's stock.