Revenue: As of FY2026 Q3, the actual value is USD 349.18 M.

EPS: As of FY2026 Q3, the actual value is USD 0.1, beating the estimate of USD 0.055.

EBIT: As of FY2026 Q3, the actual value is USD 46.66 M.

Overall Company Financials

Net Income

New Jersey Resources Corporation reported fiscal 2026 third-quarter consolidated net income of $9.7 million, compared with a net loss of - $15.1 million in the third quarter of fiscal 2025.Fiscal 2026 year-to-date net income totaled $351.1 million, compared with $320.6 million for the same period in fiscal 2025.

Net Financial Earnings (NFE)

Fiscal 2026 third-quarter consolidated net financial earnings (NFE) were $11.3 million, compared with $6.2 million in the third quarter of fiscal 2025.Fiscal 2026 year-to-date NFE totaled $350.9 million, compared with $313.4 million for the same period in fiscal 2025.

Operating Income (Loss)

Total operating income was $31,892 thousand for the three months ended June 30, 2026, compared to an operating loss of - $1,062 thousand for the three months ended June 30, 2025.Total operating income for the nine months ended June 30, 2026, was $512,127 thousand, up from $468,464 thousand for the same period in 2025.

Capital Expenditures

Capital expenditures were $553.0 million during the first nine months of fiscal 2026, an increase from $456.8 million during the same period in fiscal 2025.

Cash Flow from Operations

Cash flows from operations increased to $577.8 million during the first nine months of fiscal 2026, compared to $385.2 million in the same period of fiscal 2025.For YTD FY2026, cash flow from operations was $578 million.

Adjusted Funds from Operations (FFO)

Adjusted FFO for FY2026 YTD was $766.5 million.

Adjusted Debt

Adjusted debt for FY2026 YTD was $3,487.7 million.

Adjusted FFO / Adjusted Debt Ratio

The estimated Adjusted FFO / Adjusted Debt Ratio is 19-20% for NJNG and 20-22% for New Jersey Resources Corporation.

Liquidity

New Jersey Resources Corporation has $825 million in credit facilities available through FY 2029.

Annual Dividend

The annual dividend is $1.90, with a dividend yield of 3.3% as of July 31, 2026.

Segment Performance

New Jersey Natural Gas (NJNG)

• Net Financial Earnings (NFE): NJNG reported fiscal 2026 third-quarter NFE of $6.1 million, down from $10.1 million in the same period of fiscal 2025.Fiscal 2026 year-to-date NFE totaled $238.4 million, compared with $221.5 million for the same period in fiscal 2025.For the nine months ended June 30, 2026, NJNG reported NFE of $238,429 thousand, an increase of $16,911 thousand compared to the same period in 2025.
• NFE Per Share (NFEPS): NJNG’s NFEPS for the nine months ended June 30, 2026, was $2.36, up from $2.21 in the prior year.
• Utility Gross Margin: Utility gross margin was $124,798 thousand for the three months ended June 30, 2026, compared to $119,109 thousand for the same period in 2025.For the nine months ended June 30, 2026, utility gross margin was $636,201 thousand, up from $595,239 thousand in 2025.The utility gross margin for the nine months ended June 30, 2026, was $636,201 thousand, an increase from $595,239 thousand in 2025.
• Customers: As of June 30, 2026, NJNG serviced approximately 595,000 customers, compared to approximately 589,000 customers as of September 30, 2025.
• BGSS Incentive Programs: These programs contributed $20.4 million to utility gross margin during the first nine months of fiscal 2026, compared with $14.5 million for the same period in fiscal 2025.
• Energy-Efficiency Programs: SAVEGREEN® invested $78.8 million in the first nine months of fiscal 2026 in energy-efficiency upgrades.
• Operating Income: Operating income for NJNG was $19,731 thousand for the three months ended June 30, 2026, compared to $21,273 thousand in 2025.For the nine months ended June 30, 2026, operating income was $341,962 thousand, up from $316,255 thousand in 2025.
• Operating Revenues: Utility operating revenues were $201,107 thousand for the three months ended June 30, 2026, compared to $205,029 thousand in 2025.For the nine months ended June 30, 2026, utility operating revenues were $1,252,405 thousand, up from $1,157,439 thousand in 2025.
• Capital Investment (CAPEX): Fiscal 2026 year-to-date CAPEX for NJNG was $434 million.

Clean Energy Ventures (CEV)

• Net Financial Earnings (NFE): CEV reported a fiscal 2026 third-quarter net financial loss of - $0.3 million, an improvement from - $6.9 million during the third quarter of fiscal 2025.Fiscal 2026 year-to-date NFE totaled $4.1 million, a decrease from $37.3 million for the same period in fiscal 2025.CEV reported NFE of $4,055 thousand for the nine months ended June 30, 2026, a decrease of - $33,260 thousand from the previous year.
• NFE Per Share (NFEPS): For the nine months ended June 30, 2026, CEV’s NFEPS was $0.04, down from $0.38 in 2025.
• Solar Investment: During the first nine months of fiscal 2026, CEV placed eight commercial projects into service, adding 57.8 megawatts (MW) to installed capacity.As of June 30, 2026, CEV had approximately 537 MW of commercial solar capacity in service.Approximately 58 MW of in-service capacity was added year-to-date in Fiscal 2026.CEV owns and operates approximately 537 MW of in-service commercial solar capacity.
• Operating Income (Loss): Operating income for CEV was $1,156 thousand for the three months ended June 30, 2026, compared to an operating loss of - $4,353 thousand in 2025.For the nine months ended June 30, 2026, operating income was $8,806 thousand, down from $52,368 thousand in 2025.
• Operating Revenues: CEV operating revenues were $19,178 thousand for the three months ended June 30, 2026, compared to $12,030 thousand in 2025.For the nine months ended June 30, 2026, operating revenues were $60,870 thousand, up from $46,403 thousand in 2025.CEV revenue for YTD Fiscal 2026 was $60.9 million.
• Capital Investment (CAPEX): Fiscal 2026 year-to-date CAPEX for CEV was $148 million.

Storage and Transportation (S&T)

• Net Financial Earnings (NFE): S&T reported fiscal 2026 third-quarter NFE of $8.8 million, up from $5.9 million during the same period in fiscal 2025.Fiscal 2026 year-to-date NFE totaled $23.8 million, compared with $13.9 million for the same period in fiscal 2025.S&T’s NFE for the nine months ended June 30, 2026, was $23,833 thousand, an increase of $9,928 thousand from 2025.
• NFE Per Share (NFEPS): S&T’s NFEPS for the nine months ended June 30, 2026, was $0.24, up from $0.14 in the prior year.
• Operating Income: Operating income for S&T was $14,356 thousand for the three months ended June 30, 2026, compared to $10,544 thousand in 2025.For the nine months ended June 30, 2026, operating income was $37,913 thousand, up from $26,113 thousand in 2025.
• Operating Revenues: S&T operating revenues were $31,388 thousand for the three months ended June 30, 2026, compared to $27,129 thousand in 2025.For the nine months ended June 30, 2026, operating revenues were $88,902 thousand, up from $79,064 thousand in 2025.
• Capital Investment (CAPEX): Fiscal 2026 year-to-date CAPEX for S&T was $48 million.
• Adjusted EBITDA: S&T’s Adjusted EBITDA for FY2026 YTD was $65,172 thousand.

Energy Services (ES)

• Net Financial Earnings (NFE): ES reported a fiscal 2026 third-quarter net financial loss of - $4.0 million, remaining largely flat compared with a net financial loss of - $3.7 million for the same period in fiscal 2025.Fiscal 2026 year-to-date NFE totaled $84.5 million, compared with $39.4 million for the same period in fiscal 2025.ES reported NFE of $84,531 thousand for the nine months ended June 30, 2026, an increase of $45,131 thousand from 2025.
• NFE Per Share (NFEPS): ES’s NFEPS for the nine months ended June 30, 2026, was $0.84, up from $0.39 in the prior year.
• Financial Margin: Financial margin for ES was - $34 thousand for the three months ended June 30, 2026, compared to - $1,241 thousand for the same period in 2025.For the nine months ended June 30, 2026, financial margin was $135,224 thousand, up from $74,727 thousand in 2025.The financial margin for the nine months ended June 30, 2026, was $135,224 thousand, an increase from $74,727 thousand in 2025.
• Operating Income (Loss): Operating loss for ES was - $5,229 thousand for the three months ended June 30, 2026, compared to - $30,240 thousand in 2025.For the nine months ended June 30, 2026, operating income was $119,282 thousand, up from $69,561 thousand in 2025.
• Operating Revenues: ES operating revenues were $79,962 thousand for the three months ended June 30, 2026, compared to $38,850 thousand in 2025.For the nine months ended June 30, 2026, operating revenues were $443,224 thousand, up from $371,548 thousand in 2025.
• Asset Management Agreements: New Jersey Resources Corporation expects to recognize approximately $19.7 million annually in revenues from these agreements between FY 2025 - FY 2031.

Home Services and Other Operations

• Net Financial Earnings (NFE): Home Services and Other Operations reported fiscal 2026 third-quarter NFE of $0.6 million, compared with $0.5 million for the same period in fiscal 2025.Fiscal 2026 year-to-date NFE totaled $0.8 million, compared with $0.4 million for the same period in fiscal 2025.HS reported NFE of $92 thousand for the nine months ended June 30, 2026, a decrease of - $1,158 thousand from 2025.
• NFE Per Share (NFEPS): HS’s NFEPS for the nine months ended June 30, 2026, was $0.00, down from $0.01 in the prior year.
• Operating Income: Operating income for Home Services and Other was $1,219 thousand for the three months ended June 30, 2026, compared to $1,065 thousand in 2025.For the nine months ended June 30, 2026, operating income was $2,198 thousand, up from $1,667 thousand in 2025.
• Operating Revenues: Home Services and Other operating revenues were $17,758 thousand for the three months ended June 30, 2026, compared to $16,177 thousand in 2025.For the nine months ended June 30, 2026, operating revenues were $48,722 thousand, up from $47,089 thousand in 2025.

Outlook / Guidance

New Jersey Resources Corporation tightened its fiscal 2026 net financial earnings per share (NFEPS) guidance to a range of $3.52 to $3.62 and raised its Fiscal 2026 Capital Expenditure (CAPEX) range to $815 million to $950 million.The company maintains its 7 to 9 percent long-term NFEPS growth target, starting from a fiscal 2025 base of $2.83 per share, and expects to deploy between $4.8 billion and $5.2 billion in capital expenditures through 2030.New Jersey Resources Corporation anticipates cash flow from operations between $1.1 billion and $1.2 billion for both Fiscal 2026 and Fiscal 2027.