Group 1 - The article discusses the profitability of regulated utilities, highlighting that while they do not grow quickly or attract significant media attention, they tend to be highly profitable businesses [1] - Essential Utilities (WTRG) is specifically mentioned as an example of a company in this sector, reinforcing the notion that "boring" businesses can yield substantial returns [1] Group 2 - The author emphasizes the importance of data-driven insights in maximizing profitability, indicating a trend towards analytical approaches in financial decision-making [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-08359 NEW JERSEY RESOURCES CORPORATION (Exact name of registrant as specified in its charter) New Jersey 22-2376465 (State or other jur ...

Financial Data and Key Metrics Changes - The company reported NFE of $118.2 million or $1.17 per share for the quarter, reflecting disciplined execution and solid performance across its businesses [31] - The fiscal 2026 NFEPS guidance was raised by $0.25 to a range of $3.28-$3.43 per share, marking the sixth consecutive year of raising guidance [24][33] - The company expects to invest approximately $5 billion over the next five years, representing a 40% increase compared to the previous five years [6][15] Business Line Data and Key Metrics Changes - New Jersey Natural Gas is positioned for high single-digit rate-based growth through 2030, with significant investments directed towards safety and reliability [7][8] - Storage and Transportation (S&T) is expected to more than double NFE by 2027, driven by favorable recontracting of both Adelphia and Leaf River [6][28] - Clean Energy Ventures (CEV) expects to grow in-service capacity by more than 50% over the next two years, with a strong project pipeline [10][30] Market Data and Key Metrics Changes - The utility is expected to contribute approximately 70% of fiscal 2026 NFEPS, complemented by earnings growth from CEV and S&T [15][33] - New Jersey Natural Gas achieved record send-outs during extreme cold weather, highlighting the critical nature of its services [25][23] Company Strategy and Development Direction - The company emphasizes consistency in execution and targeted capital deployment to support long-term growth [5][6] - A healthy balance sheet is maintained with no need for block equity issuance to execute on its capital plan [6][15] - The company is focused on affordability and energy efficiency programs to help customers manage costs [26][34] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by rising electric utility costs and expressed commitment to working with the new administration to address these issues [18][34] - The company remains optimistic about its growth prospects, supported by a disciplined capital investment strategy and a solid balance sheet [7][10] Other Important Information - The company marked 30 consecutive years of dividend increases, underscoring confidence in its long-term plan [12] - The company has a proactive approach to securing natural gas supplies, with over 87% hedged for the winter season [26] Q&A Session Summary Question: Can you discuss the potential for further upside in energy services due to weather events? - Management indicated that the guidance issued was based on results to date and could not incorporate future weather events [39] Question: Can you confirm contracts for the capacity expansion at Leaf River and discuss potential for further growth? - Management confirmed contracts for initial capacity expansion but noted that the fourth cavern expansion does not yet have contracts [40][41] Question: How does the evolving regulatory backdrop affect affordability efforts and future rate case filings? - Management emphasized ongoing efforts to drive affordability and stated there are no immediate needs for new regulatory processes [46] Question: What is the outlook for Clean Energy Ventures in light of recent regulations? - Management expressed optimism about permit reforms and the ability to accelerate development of safe-harbored assets [48] Question: Can you provide insights on the solar pipeline outside of New Jersey? - Management noted that about 50% of forward-looking projects are outside New Jersey and emphasized the importance of regulatory friendliness in those markets [59] Question: How does the hedging strategy benefit customers, and is it recognized by regulators? - Management confirmed that regulators are aware of the benefits of the hedging strategy, which helps mitigate costs for customers [68]

New Jersey Resources (NYSE:NJR) Q1 2026 Earnings call February 03, 2026 10:00 AM ET Company ParticipantsAdam Prior - Director of Investor RelationsChris Ellinghaus - Managing DirectorEli Jossen - VP of Equity ResearcHGabriel Moreen - Managing DirectorRoberto Bel - SVP and CFOStephen D. Westhoven - President and CEOConference Call ParticipantsJamieson Ward - VP and Equity Research AnalystTravis Miller - Senior Equity Analyst,OperatorGood morning, ladies and gentlemen, and thank you for standing by. My name i ...

New Jersey Resources (NYSE:NJR) Q1 2026 Earnings call February 03, 2026 10:00 AM ET Speaker5Good morning, ladies and gentlemen, and thank you for standing by. My name is Kelvin, and I will be your conference operator today. At this time, I would like to welcome everyone to the New Jersey Resources Fiscal 2026 First Quarter Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a q ...

February 2026 Investor Presentation Fiscal 2026 First Quarter Financial Results Forward-Looking Statements and Non-GAAP Measures Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. NJR cautions readers that the assumptions forming the basis for forward-looking statements include many ...

New Jersey Resources (NJR) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $1.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +23.16%. A quarter ago, it was expected that this energy services holding company would post earnings of $0.15 per share when it actually produced earnings of $0.16, delivering a surprise of +6.67%.Over the las ...

Financial Performance - Fiscal 2026 first-quarter consolidated net income was $122.5 million, or $1.22 per share, compared to $131.3 million, or $1.32 per share, in the same period of fiscal 2025[3]. - Fiscal 2026 first-quarter consolidated net financial earnings (NFE) were $118.2 million, or $1.17 per share, down from $128.9 million, or $1.29 per share, in the first quarter of fiscal 2025[3]. - The company raised its fiscal 2026 net financial earnings per share (NFEPS) guidance to a range of $3.28 to $3.43, an increase of $0.25 from the previous range of $3.03 to $3.18[4]. - Net income for the three months ended December 31, 2025, was $122.490 million, compared to $131.319 million in the same period of 2024, reflecting a decrease of 6.3%[28]. - Basic earnings per share for Q4 2025 was $1.22, down from $1.32 in Q4 2024, a decline of 7.6%[28]. - Net financial earnings for Q4 2025 were $118.173 million, compared to $128.894 million in Q4 2024, a decrease of 8.3%[31]. Revenue Growth - Total operating revenues for the three months ended December 31, 2025, increased to $604.854 million, up from $488.361 million in 2024, representing a growth of 23.9%[28]. - Natural Gas Distribution segment reported operating revenues of $410.138 million in Q4 2025, up from $333.765 million in Q4 2024, an increase of 22.9%[38]. - Energy Services segment's operating revenues rose to $119.107 million in Q4 2025 from $86.308 million in Q4 2024, marking a growth of 37.9%[35]. - Clean Energy Ventures generated operating revenues of $31.760 million in Q4 2025, compared to $26.406 million in Q4 2024, an increase of 20.9%[38]. - Operating revenues for Natural Gas Distribution increased to $410,138,000 in Q1 2026 from $333,765,000 in Q1 2025, representing a growth of 22.9%[40]. - Total Operating Revenues for Clean Energy Ventures reached $31,760,000 in Q1 2026, up from $26,406,000 in Q1 2025, a growth of 20.5%[41]. - Operating revenues for Energy Services increased to $119,107,000 in Q1 2026 from $86,308,000 in Q1 2025, representing a growth of 37.9%[42]. Customer Metrics - The number of NJNG customers increased to approximately 592,000 as of December 31, 2025, compared to 589,000 as of September 30, 2025[8]. - The throughput for NJNG's core customers increased to 31.7 Bcf in Q4 2025 from 27.2 Bcf in Q4 2024, indicating a growth in customer demand[38]. - Total System Throughput increased to 31.7 Bcf in Q1 2026 from 27.2 Bcf in Q1 2025, marking a rise of 16.6%[40]. - Total Service Contract Customers at December 31, 2025, were 97,793, a slight decrease from 99,604 in 2024[43]. Expenses and Capital Expenditures - Capital expenditures for the first quarter were $163.6 million, up from $149.6 million in the same period of fiscal 2025[19]. - The total operating expenses for Q4 2025 were $425.646 million, up from $298.784 million in Q4 2024, representing a rise of 42.5%[28]. - The company expects to deploy between $4.8 billion and $5.2 billion in capital expenditures through 2030, with over 60% allocated to utility spending at NJNG[19]. Segment Performance - New Jersey Natural Gas (NJNG) reported first-quarter NFE of $83.8 million, up from $66.9 million in the same period of fiscal 2025, driven by a base rate case settlement[7]. - Energy Services reported first-quarter NFE of $16.3 million, compared to $7.8 million in the same period of fiscal 2025, due to higher natural gas price volatility[13]. - Clean Energy Ventures (CEV) reported first-quarter NFE of $9.6 million, down from $48.1 million in the same period of fiscal 2025, primarily due to a one-time gain on sale of assets[10]. - Net Income for the Natural Gas Distribution segment was $83,829,000 in Q1 2026, up from $66,908,000 in Q1 2025, reflecting a growth of 25.3%[40]. - Net Income for Clean Energy Ventures decreased to $9,590,000 in Q1 2026 from $48,130,000 in Q1 2025, a decline of 80.1%[41]. - Net Income for Energy Services rose to $20,597,000 in Q1 2026 compared to $10,258,000 in Q1 2025, an increase of 100.5%[42]. - Operating Income for Home Services and Other was $787,000 in Q1 2026, down from $995,000 in Q1 2025, a decline of 21.0%[43].

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources Corporation (NYSE: NJR) today reported financial and operating results for its fiscal 2026 first quarter ended December 31, 2025. Financial Highlights: Fiscal 2026 Outlook Management Commentary Steve Westhoven, President and CEO of New Jersey Resources, stated, "NJR is off to a strong start in fiscal 2026. Our performance in the beginning of our fiscal second quarter has exceeded our original projections, as Energy Services benefited from natural gas price v ...

Core Viewpoint - New Jersey Resources (NJR) is anticipated to report a year-over-year decline in earnings despite an increase in revenues for the quarter ending December 2025, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The upcoming earnings report is expected to reveal quarterly earnings of $0.99 per share, reflecting a year-over-year decrease of 23.3%, while revenues are projected to be $514.43 million, representing a 5.3% increase from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 8.91% over the last 30 days, indicating a reassessment by analysts regarding the company's earnings outlook [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for NJR is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +1.27%, suggesting a more optimistic view from analysts [12]. Historical Performance - NJR has a history of beating consensus EPS estimates, having done so in the last four quarters, with a notable surprise of +6.67% in the most recent quarter [13][14]. Stock Movement Factors - The stock's movement will depend not only on the earnings results but also on management's commentary during the earnings call, which will influence future earnings expectations [2][15].