Revenue: As of FY2026 Q2, the actual value is USD 939.4 M.EPS: As of FY2026 Q2, the actual value is USD 2.16, beating the estimate of USD 1.8867.EBIT: As of FY2026 Q2, the actual value is USD 317.32 M.<h4>Overall Financial Highlights</h4><ul><li>Consolidated Net Income (Three Months Ended March 31): $218.9 million in fiscal 2026, compared with $204.3 million in fiscal 2025 . GAAP Net Income for the three months ended March 31, 2026, was $218,912 thousand, compared to $204,287 thousand for the same period in 2025 .</li><li>Consolidated Net Financial Earnings (NFE) (Three Months Ended March 31): $221.5 million in fiscal 2026, compared with $178.3 million in fiscal 2025 . Consolidated NFE for the fiscal second quarter of 2026 was $221.5 million, an increase from $178.3 million in the prior year’s second quarter .</li><li>Consolidated Net Income (Six Months Ended March 31): $341.4 million in fiscal 2026, compared with $335.6 million in fiscal 2025 . For the six months ended March 31, 2026, GAAP Net Income was $341,402 thousand, an increase from $335,606 thousand in 2025 .</li><li>Consolidated Net Financial Earnings (NFE) (Six Months Ended March 31): $339.6 million in fiscal 2026, compared with $307.2 million in fiscal 2025 . Year-to-date Fiscal 2026 Consolidated NFE reached $339.6 million, up from $307.2 million in Fiscal 2025 .</li></ul><h4>Natural Gas Distribution (New Jersey Natural Gas)</h4><ul><li>Operating Revenues: $641.160 million in 2026, compared to $618.645 million in 2025 .</li><li>Utility Gross Margin: $305.143 million in 2026, compared to $294.846 million in 2025 . For the six months ended March 31, 2026, New Jersey Natural Gas’s utility gross margin was $511,403 thousand, an increase from $476,130 thousand in 2025 .</li><li>Operating Income: $201.919 million in 2026, compared to $197.876 million in 2025 .</li><li>Net Financial Earnings: $148.513 million in 2026, compared to $144.531 million in 2025 . Year-to-date NFE for New Jersey Natural Gas was $232,342 thousand, up $20,903 thousand from $211,439 thousand in the same period of 2025 .</li><li>Total Customers: 594,227 in 2026, compared to 588,164 in 2025 . The company serves 594,227 total customers across six counties in New Jersey .</li><li>Total Throughput (Bcf): 64.7 in 2026, compared to 57.8 in 2025 .</li></ul><h4>Clean Energy Ventures</h4><ul><li>Operating Revenues: $9.932 million in 2026, compared to $7.967 million in 2025 . Year-to-date Fiscal 2026 revenue was $41.7 million .</li><li>Operating Loss: -$7.738 million in 2026, compared to -$7.553 million in 2025 .</li><li>Net Financial Loss: -$5.223 million in 2026, compared to -$3.958 million in 2025 . Year-to-date NFE for Clean Energy Ventures was $4,367 thousand, a decrease of -$39,805 thousand from $44,172 thousand in the same period of 2025 .</li><li>Installed Capacity: Three commercial projects were placed into service during the first six months of fiscal 2026, adding 13.4 megawatts (MW) . Total commercial solar capacity in service was approximately 493 MW as of March 31, 2026, increasing to 512.7 MW by May 1, 2026, with an additional 19.9 MW placed into service post-quarter end . Clean Energy Ventures owns and operates solar projects with approximately 513 MW of in-service commercial solar capacity, with approximately 33 MW placed in-service year-to-date Fiscal 2026 .</li></ul><h4>Storage and Transportation</h4><ul><li>Operating Revenues: $29.434 million in 2026, compared to $25.307 million in 2025 .</li><li>Operating Income: $11.582 million in 2026, compared to $5.800 million in 2025 .</li><li>Net Financial Earnings: $7.708 million in 2026, compared to $2.343 million in 2025 . Year-to-date NFE for Storage &amp; Transportation was $15,071 thousand, up $7,064 thousand from $8,007 thousand in the same period of 2025 .</li><li>Equity in Earnings of Affiliates: $2.282 million in 2026, compared to $1.161 million in 2025 .</li><li>Adjusted EBITDA (YTD Fiscal 2026): $42,364 thousand .</li></ul><h4>Energy Services</h4><ul><li>Operating Revenues: $244.155 million in 2026, compared to $246.390 million in 2025 .</li><li>Financial Margin: $107.496 million in 2026, compared to $60.687 million in 2025 . For the six months ended March 31, 2026, Energy Services’ financial margin was $135,258 thousand, an increase from $75,968 thousand in 2025 .</li><li>Operating Income: $94.404 million in 2026, compared to $83.273 million in 2025 .</li><li>Net Financial Earnings: $72.286 million in 2026, compared to $35.301 million in 2025 . Year-to-date NFE for Energy Services was $88,566 thousand, up $45,432 thousand from $43,134 thousand in the same period of 2025 .</li><li>Gas Sold and Managed (Bcf): 28.6 in 2026, compared to 35.2 in 2025 .</li><li>Expected Annual Revenues from Asset Management Agreements: Approximately $19.7 million annually between FY 2025 and FY 2031 .</li></ul><h4>Home Services and Other Operations</h4><ul><li>Operating Revenues: $14.958 million in 2026, compared to $15.118 million in 2025 .</li><li>Operating Income (Loss): $0.192 million in 2026, compared to -$0.393 million in 2025 .</li><li>Net Financial Loss: -$0.219 million in 2026, compared to -$0.678 million in 2025 . Year-to-date NFE was -$710 thousand, a decrease of -$1,148 thousand from $438 thousand in the same period of 2025 .</li><li>Total Service Contract Customers: 97,634 as of March 31, 2026, compared to 99,121 as of March 31, 2025 .</li><li>Service Calls Completed (Fiscal 2025): 79,000 .</li><li>HVAC, Plumbing, and Generator Installations (Fiscal 2025): 4,000 .</li></ul><h4>Capital Expenditures</h4><ul><li>Capital Expenditures (Six Months Ended March 31): $353.9 million in fiscal 2026, compared with $287.1 million in fiscal 2025 .</li><li>Total Capital Investment (CAPEX) for Fiscal 2026 YTD: $399 million .</li><li>Estimated CAPEX for Fiscal 2026: $775 million to $930 million .</li><li>Estimated CAPEX for Fiscal 2027: $870 million to $1,045 million .</li><li>Projected Capital Expenditures (Through 2030): New Jersey Resources Corporation expects to deploy between $4.8 billion and $5.2 billion, with over 60% allocated to utility spending at New Jersey Natural Gas .</li></ul><h4>Cash Flows</h4><ul><li>Cash Flows from Operations (Six Months Ended March 31): Increased to $589.3 million in fiscal 2026, compared to $414.1 million in fiscal 2025 . Cash Flows from Operations were $589 million for YTD Fiscal 2026, compared to $466 million in FY 2025 and $427 million in FY 2024 .</li><li>Adjusted Funds from Operations (Adjusted FFO) for YTD Fiscal 2026: $681.9 million .</li></ul><h4>Debt</h4><ul><li>Adjusted Debt for FY2026 YTD: $3,308.1 million .</li><li>Unsecured Senior Notes: $1,120,000 thousand, with maturities ranging from 2026 to 2034 .</li><li>New Jersey Natural Gas’s First Mortgage Bonds: $1,797,845 thousand, with maturities extending from 2028 to 2061 .</li><li>Short-term Debt: $150.0 million .</li></ul><h4>Fiscal 2026 Outlook</h4>New Jersey Resources Corporation has increased its fiscal 2026 net financial earnings per share (NFEPS) guidance to a range of $3.48 to $3.63, reflecting strong performance from Energy Services . The company maintains its long-term NFEPS growth target of 7% to 9%, starting from a fiscal 2025 base of $2.83 per share . Cash Flow from Operations is expected to be $1.1 billion to $1.2 billion in both FY 2026 and FY 2027 .

New Jersey Resources | 8-K: FY2026 Q2 Revenue: USD 939.4 M