New Jersey Resources

Q3 FY2026 EarningsQ3 FY26 results delivered a substantial bottom-line beat despite a slight revenue miss, with diluted GAAP EPS of $0.10 significantly outperforming the $0.055 consensus. While total operating revenue of $349.2M fell 0.86% short of the $352.2M estimate, Net Financial Earnings (NFE) reached $11.3M, exceeding the $6.0M consensus by 88.4%. Performance was driven by narrowed losses in Energy Services (ES) and Clean Energy Ventures (CEV), the latter benefiting from higher REC sales and ITC recognitions. The Storage & Transportation (S&T) segment also saw steady growth following the Adelphia rate settlement, while management signaled a new growth phase with a $157.6M base rate case filing in June 2026.