New Jersey Resources (NJR) Reports Fiscal Q2 EPS Beat

New Jersey Resources Corporation (NYSE:NJR) is one of the 10 Best Utility Stocks that Beat Earnings Estimates.

On May 4, 2026, New Jersey Resources Corporation (NYSE:NJR) reported fiscal Q2 adjusted EPS of $2.20, ahead of the $1.90 consensus estimate, while revenue totaled $939.4M compared to analyst estimates of $849.95M. President and CEO Steve Westhoven said the company delivered a strong operating performance throughout the winter season, with New Jersey Natural Gas’ hedging strategy helping mitigate costs for customers. Westhoven also said continued outperformance from the Energy Services segment allowed the company to raise its FY26 earnings outlook for the second time this year.

New Jersey Resources Corporation (NYSE:NJR) raised its FY26 EPS guidance to $3.48-$3.63 from its prior outlook of $3.28-$3.43, compared to consensus estimates of $3.37.

New Jersey Resources (NJR) Reports Fiscal Q2 EPS Beat

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Before the earnings release, Mizuho analyst Gabriel Moreen raised the firm’s price target on New Jersey Resources Corporation (NYSE:NJR) to $61 from $54 previously while maintaining an Outperform rating on the shares. The firm raised its 2026 earnings estimates toward the high end of the company’s guidance range and said Energy Services likely benefited from elevated natural gas price volatility during the quarter.

New Jersey Resources Corporation (NYSE:NJR) operates as an energy services holding company focused primarily on natural gas distribution.

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