10-Q · May 5, 2026
New Jersey Resources (NJR) reported strong fiscal Q2 2026 results, with revenue reaching $939.4 million, beating both estimates and the prior year by 3.3% and 29% respectively. EPS also surpassed expectations at $2.20,…
Earnings analysis · 10-Q
NJR earnings analysis
Filed August 4, 2026 · Our reading of the company's report
The latest report
NJR posted fiscal Q3 revenue of $349.180 million, up 16.8% year over year but 1.6% below consensus, while reported EPS of $0.11 exceeded the $0.06 estimate. GAAP profitability improved materially, with net income of…
Read full summary
NJR posted fiscal Q3 revenue of $349.180 million, up 16.8% year over year but 1.6% below consensus, while reported EPS of $0.11 exceeded the $0.06 estimate. GAAP profitability improved materially, with net income of $9.689 million versus a $15.051 million loss a year earlier. The 10-Q did not provide sufficient extracted detail to quantify segment performance, balance-sheet movements, margins, or cash flow; management reported no material risk-factor changes.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.1
What stood out
-
Revenue grew 16.8% year over year
Fiscal Q3 revenue was $349.180 million, up $50.180 million, or 16.8%, from $299 million in fiscal Q3 2025.
-
Returned to quarterly profitability
GAAP diluted EPS improved to $0.10 from a $0.15 loss in the prior-year quarter, while net income was $9.689 million versus a $15.051 million loss.
-
EPS exceeded consensus
Reported EPS of $0.11 exceeded the $0.06 consensus estimate by $0.05, or 83.3%.
What to watch
-
Revenue fell short of consensus
Revenue of $349.180 million was $5.620 million, or 1.6%, below the $354.800 million consensus estimate despite year-over-year growth.
-
Guidance high end was modestly reduced
Fiscal 2026 NFEPS guidance was narrowed to $3.52-$3.62 from $3.48-$3.63; the high end decreased by $0.01.
-
Inflation remains a disclosed operating risk
The company stated there were no material changes to risk factors from its 2025 Form 10-K, but it cites inflation sensitivity given its capital-intensive operations; approximately 1.7 million shares remained under its repurchase authorization at June 30, 2026.
Management's outlook
Fiscal 2026 non-GAAP NFEPS outlook was tightened to $3.52-$3.62, versus the prior $3.48-$3.63 range. The filing does not provide quantitative revenue guidance; the company retains its 7%-9% long-term NFEPS growth target from the fiscal-2025 base of $2.83.
Earlier filings 4
10-Q · August 5, 2025
Q3 (three months ended June 30, 2025) revenue rose to $298.95M vs $275.64M in Q3 2024, driven by higher utility sales, but the quarter produced an operating loss of $1.062M and a net loss of $15.051M (diluted loss…
10-Q · May 7, 2024
NJR reported quarterly operating revenues of $657,913,000 and diluted EPS of $1.22 for the three months ended March 31, 2024. Utility revenues increased while nonutility revenues declined year-over-year; operating…
10-Q · May 4, 2023
Revenue for the quarter ended March 31, 2023 was $644,027,000, down $268,289,000 (−29.4%) versus the prior-year quarter, but operating income improved to $165,184,000 (operating margin 25.66%) and diluted EPS rose to…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.