Q1 2026 New Jersey Resources Corp Earnings Call Transcript

Feb 3, 2026 / 03:00 PM GMT

Release Date Price: $51.81 (+3.52%)

Transcript 10-Q8-K

Key Points

Positve

New Jersey Resources Corp (NJR) exceeded initial earnings guidance and long-term growth targets for the fifth consecutive year.
The company is guiding to a net financial earnings per share (NFEPS) of $3.03 to $3.18 for fiscal 2026, consistent with a long-term growth rate of 7-9%.
NJR plans to invest approximately $5 billion over the next five years, with 50% allocated to New Jersey Natural Gas, representing a 40% increase compared to previous capital expenditures.
The company maintains a healthy balance sheet with strong cash flows, ample liquidity, and no need for block equity issuance to execute its capital plan.
Clean Energy Ventures expects to grow in-service capacity by more than 50% over the next two years, supported by a robust pipeline of projects.

Negative

The company faces potential challenges from extreme weather events, which could impact natural gas demand and customer bills.
There is uncertainty regarding the completion of contracts for the fourth cavern expansion at Leaf River, which could affect future growth plans.
NJR's energy services segment is subject to volatility, which could impact financial performance if market conditions change.
The company must navigate evolving regulatory environments, particularly in New Jersey, which could affect future rate case filings and regulatory strategies.
NJR's growth plans are heavily reliant on favorable market conditions and regulatory support, which may not materialize as expected.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NJR.N - New Jersey Resources Corp
Q1 2026 New Jersey Resources Corp Earnings Call
Feb 03, 2026 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good 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 Peace fiscal 2026 1 quarter conference call. All lines have been placed one week 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 question during this time, simply press star, followed by the number 1 on your telephone keypad. If you would like to withdraw your question, please press 1 again.

Thank you. I would now like to turn the call over to Adam Pryor, director of investor relations. Please go ahead.

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