---
title: "New Jersey Resources Proposes Rate Cut, Investment Recovery Plan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288329497.md"
description: "New Jersey Resources (NJR) filed with the NJ Board of Public Utilities proposing an 8.9% rate cut for winter 2026-2027, saving residential customers ~$158 annually, while seeking $950 million in recovery for past safety investments. Analysts maintain a 'Buy' rating with a $63 price target, citing solid profitability and valuation despite negative free cash flow. The move balances immediate affordability with long-term infrastructure funding."
datetime: "2026-06-01T21:12:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288329497.md)
  - [en](https://longbridge.com/en/news/288329497.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288329497.md)
---

# New Jersey Resources Proposes Rate Cut, Investment Recovery Plan

New Jersey Resources ( (NJR) ) has provided an update.

On June 1, 2026, New Jersey Natural Gas submitted a package of filings to the New Jersey Board of Public Utilities that combine an 8.9% cut in customer bills for the 2026‑2027 winter with a request to recover about $950 million of past reliability and safety investments. The move, driven by hedged gas purchasing, lower program recovery charges and timing of a base rate case, is expected to yield roughly $158 in annual savings for the typical residential customer while ultimately keeping overall bills nearly flat as regulators review proposed increases tied to infrastructure, technology, labor and cybersecurity costs.

The company’s filings seek to align immediate affordability with longer‑term system resilience by pairing short‑term reductions in Basic Gas Supply Service and conservation‑related charges with phased recovery of capital spending on pipeline upgrades and the Jamesburg Replacement Project. For investors and regulators, the case underscores NJNG’s strategy of using portfolio management and regulatory timing to balance rate stability with funding for mandated safety, environmental compliance and modernization initiatives across more than 100 municipalities.

The most recent analyst rating on (NJR) stock is a Buy  
with a $63.00 price target.  
To see the full list of analyst forecasts on New Jersey Resources stock,  
see the NJR Stock Forecast page.

**Spark’s Take on NJR Stock**

According to Spark, TipRanks’ AI Analyst, NJR is a Outperform.

The score is driven primarily by solid profitability but constrained by persistently negative free cash flow and still-elevated leverage. Valuation is a major positive (low P/E and a solid dividend yield), while the latest earnings call supports the outlook via raised FY2026 guidance despite notable execution/regulatory and segment-concentration risks. Technicals are broadly neutral, adding limited incremental support.

To see Spark’s full report on NJR stock,  
click here.

**More about New Jersey Resources**

New Jersey Natural Gas, the principal subsidiary of New Jersey Resources, operates a 7,500‑mile natural gas distribution network serving roughly 600,000 homes, businesses and critical services in New Jersey. The utility focuses on providing safe, reliable and relatively low‑cost natural gas for heating, supported by system resiliency projects, technology upgrades and energy‑efficiency programs.

**Average Trading Volume:** 548,339

**Technical Sentiment Signal:** Buy

**Current Market Cap:** $5.58B

### Related Stocks

- [NJR.US](https://longbridge.com/en/quote/NJR.US.md)

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