The second consecutive guidance raise underscores NJR's earnings momentum from volatile gas markets. Traders should watch for continued Energy Services outperformance and any updates on S&T expansion projects. The stock likely opens higher on the beat and raise.
Price Chart
Executive Summary
NJR reported fiscal Q2 2026 NFEPS of $2.20, beating the $1.89 consensus by 16.4%, and raised fiscal 2026 NFEPS guidance for the second time to $3.48-$3.63, driven by Energy Services' strong performance amid natural gas price volatility. Operating cash flow for the first half increased to $589.3M from $414.1M a year ago.
Key Financial Metrics
Key Facts
- Fiscal Q2 2026 NFEPS $2.20 vs consensus $1.89 (beat +16.4%)
- Fiscal 2026 NFEPS guidance raised to $3.48-$3.63 from $3.28-$3.43
- Energy Services NFE more than doubled to $72.3M from $35.3M YoY
- First-half operating cash flow $589.3M, up 42% YoY
- Dividend raised for 30 consecutive years; current yield 3.4%
Financial Impact
NFEPS beat of $0.31 above consensus and $0.20 guidance raise point to earnings upside of ~$20-30M for fiscal 2026.
Risk Factors
- Earnings are partly dependent on natural gas price volatility, which is unpredictable
- Clean Energy Ventures reported a net financial loss of $5.2M in Q2, weighing on results
- Higher interest rates could increase financing costs given $3.4B in long-term debt
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001140361-26-018880 |
| Document: ef20071212_ex99-2.htm | 0001140361-26-018880 |
| Document: ef20071212_8k.htm | 0001140361-26-018880 |
| Document: 0001140361-26-018880-index-headers.html | 0001140361-26-018880 |
| Document: 0001140361-26-018880-index.html | 0001140361-26-018880 |
| Document: 0001140361-26-018880.txt | 0001140361-26-018880 |
| 8-K Data (Synthetic) | 0001140361-26-018880 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $53.16 | awaiting T+60 | — | $53.19 (+0.06%) |
May 8, 2026 24w ago | 144 | $55.82 $55.40 | ▼ −0.75% | ▼ −5.14% | $53.19 (−4.71%) |
May 4, 2026 25w ago | 8-K | $55.99 $58.58 | ▲ +4.63% | ▲ +1.89% | $53.19 (−5.00%) |
Mar 16, 2026 32w ago | Insider Cluster | $54.90 $54.44 | ▼ −0.84% | ▼ −11.32% | $53.19 (−3.11%) |
US Market Status
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