New Jersey Resources Corporation (NJR)

Over the past six months, New Jersey Resources' stock has been impacted by positive events, including strong fiscal 2026 first and second-quarter results. Consolidated net income for the second quarter ended March 31, 2026, was $218.9 million, up from $204.3 million in the prior year, with basic EPS increasing to $2.17 from $2.04. NJR has twice increased its fiscal 2026 net financial earnings per share (NFEPS) guidance, raising it to a range of $3.48 to $3.63. Analysts have responded positively, with some raising price targets for NJR. The stock price as of April 27, 2026, was $55.78 per share, and on May 1, 2026, it closed at $56.32. The 52-week high for NJR stock was $57.70, and the low was $43.52.

Demand for New Jersey Resources' natural gas distribution products and services exhibits seasonality, peaking during the winter heating season across its New Jersey service territories. This seasonal peak significantly impacts the company's earnings, with the second fiscal quarter often showing pronounced price swings and strong performance for the Energy Services segment.

New Jersey Resources (NJR) operates in the utilities and energy services sector, anchored by regulated utility cash flows and exposure to clean energy projects, gas storage, transportation, and customer service. The company delivers products and services through five businesses: New Jersey Natural Gas (NJNG) operates natural gas transportation and distribution infrastructure, serving approximately 589,000 customers in New Jersey. NJR Clean Energy Ventures (NJRCEV) invests in and operates solar projects, owning about 485 MW of solar as of early 2025 and sold its residential solar business in November 2024. NJR Energy Services (NJRES) manages a natural gas portfolio, offering services and solutions across North America. NJR Midstream serves customers through ownership of Leaf River Energy Center, Adelphia Gateway Pipeline, and a 50% stake in Steckman Ridge. NJR Home Services (NJRHS) provides service contracts and installation/repair for home comfort products in New Jersey.

NJR's regulated utility and home services are concentrated in New Jersey, while its wholesale gas and clean energy activities extend into broader U.S. markets and across North America.

New Jersey Natural Gas (NJNG) was recognized as a "Most Trusted Utility" among residential customers in the 2025 Cogent Syndicated Utility Trusted Brand & Customer Engagement™: Residential study by Escalent. This marks the 11th time in the past 12 years that NJNG has received this honor, with a Brand Trust score of 722, well above the industry average of 697. Additionally, NJR and its subsidiaries received several corporate awards from industry and community organizations over the past year.

New Jersey Resources' ownership is predominantly held by institutional investors, who collectively control a significant majority of its stock. As of May 2025, approximately 75.98% of the stock was held by institutional investors, and around 78.4% as of March 2026. Major institutional shareholders include BlackRock, Inc., The Vanguard Group, Inc., and State Street Corp. The general public holds approximately a 27% stake, and insider holdings remained relatively stable at 0.59% in May 2025.