Equity Profile

NJR

New Jersey Resources Corporation

UtilitiesGas Utilities$5.6B

May4Mon

Post-Earnings Recap

ReportedQ2-2026After Close4:30 PM EDT

New Jersey Resources Corporation Beats on EPS, Stock Up 0.18%

Metric	Actual	Expected	Surprise
EPS	$2.20	$1.90	+16.40%
Revenue	N/A	$850M	N/A

management commentary, guidance changes, and full analysis available with Pro.

New Jersey Resources Corporation Beats on EPS, Stock Up 0.18%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$2.20	$1.90	+16.40%
Revenue	N/A	$850M	N/A

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

New Jersey Resources Corporation reported a strong EPS that exceeded expectations, which contributed to a slight increase in stock price. However, there was no revenue figure reported, leaving some uncertainty. The lack of management commentary or guidance may lead investors to be cautious going forward.

Company Snapshot

New Jersey Resources Corporation (NJR) is a utility company focused on providing natural gas services to customers in New Jersey. As a player in the gas utilities sector, NJR is crucial for energy supply and infrastructure, especially as the demand for reliable energy sources continues to grow amid evolving energy policies.

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and is closely watched by investors.

$1.90

Revenue

Total revenue provides insight into the company's sales performance and market demand.

$850M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

-35.02%

Avg Stock Reaction

-0.15%

Last Quarter Recap

In Q1 2026, NJR reported an EPS of $1.17, significantly beating expectations by 17.82%. This positive surprise led to a slight increase in stock price the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect NJR to report solid earnings this quarter, with a consensus EPS of $1.90. The market is looking for confirmation of the company's ability to maintain profitability amidst fluctuating energy prices.

Bull Case

If NJR exceeds EPS expectations, it could indicate strong operational efficiency and demand for natural gas, potentially driving the stock higher.

Bear Case

Conversely, if NJR misses its EPS target, it may raise concerns about rising costs or declining demand, leading to a negative reaction in the stock.

Key Metrics to Watch

EPS

$1.90

Earnings per share is a key indicator of profitability and is closely watched by investors.

Revenue

$850M

Total revenue provides insight into the company's sales performance and market demand.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will NJR's EPS exceed the consensus estimate of $1.90?

A beat on EPS would reinforce investor confidence in the company's growth and operational efficiency.

What commentary will NJR provide regarding revenue trends and demand for natural gas?

Insights into revenue trends will help gauge the company's performance and market positioning amidst changing energy dynamics.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate NJR's ability to capitalize on rising natural gas demand, particularly if operational efficiencies continue to improve.

Supporting Evidence

NJR has consistently beaten EPS estimates, indicating strong management performance.

The options market is pricing a larger move than historical averages suggest, hinting at potential volatility.

Recent trends in energy consumption show increasing demand for natural gas, which NJR is well-positioned to meet.

Key Risk

If NJR's revenue shows significant growth, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether NJR can sustain its earnings momentum in a competitive and fluctuating energy market.

Bull Confirmed If

An EPS of $1.95 or higher would confirm strong demand and operational efficiency.

Bear Confirmed If

An EPS below $1.86 would raise concerns about profitability and market demand.

Pre-Earnings Positioning

Options Market

Implied Move

±3.39%

Historical Avg

±1.0%

Pricing rich

The options market is pricing in a potential move of about 3.39% in either direction following the earnings report.

Options are pricing ±3.4% while NJR has averaged ±1.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

17.7%

Calls (400)P/C Ratio: 1.00Puts (0)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NJR beats expectations, history suggests a potential stock increase of around 0.32%, confirming positive operational trends.

In-Line / Cautious

An in-line report may lead to a muted reaction, as investors await further clarity on future guidance.

Miss

If NJR misses estimates, the stock could drop by about 3.33%, reflecting investor disappointment and concerns over future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on natural gas demand trends and pricing.
2Insights on cost management and operational efficiencies.
3Details on customer growth and retention rates.
4Management's outlook on future earnings and market conditions.
5Any strategic initiatives to enhance service delivery or expand market share.

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and is closely watched by investors.

$1.90

Revenue

Total revenue provides insight into the company's sales performance and market demand.

$850M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

-35.02%

Avg Stock Reaction

-0.15%

Last Quarter Recap

In Q1 2026, NJR reported an EPS of $1.17, significantly beating expectations by 17.82%. This positive surprise led to a slight increase in stock price the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If NJR exceeds EPS expectations, it could indicate strong operational efficiency and demand for natural gas, potentially driving the stock higher.

Bear Case

Conversely, if NJR misses its EPS target, it may raise concerns about rising costs or declining demand, leading to a negative reaction in the stock.

Key Metrics to Watch

EPS

$1.90

Earnings per share is a key indicator of profitability and is closely watched by investors.

Revenue

$850M

Total revenue provides insight into the company's sales performance and market demand.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will NJR's EPS exceed the consensus estimate of $1.90?

A beat on EPS would reinforce investor confidence in the company's growth and operational efficiency.

What commentary will NJR provide regarding revenue trends and demand for natural gas?

Insights into revenue trends will help gauge the company's performance and market positioning amidst changing energy dynamics.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate NJR's ability to capitalize on rising natural gas demand, particularly if operational efficiencies continue to improve.

Supporting Evidence

NJR has consistently beaten EPS estimates, indicating strong management performance.

The options market is pricing a larger move than historical averages suggest, hinting at potential volatility.

Recent trends in energy consumption show increasing demand for natural gas, which NJR is well-positioned to meet.

Key Risk

If NJR's revenue shows significant growth, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether NJR can sustain its earnings momentum in a competitive and fluctuating energy market.

Bull Confirmed If

An EPS of $1.95 or higher would confirm strong demand and operational efficiency.

Bear Confirmed If

An EPS below $1.86 would raise concerns about profitability and market demand.

Pre-Earnings Positioning

Options Market

Implied Move

±3.39%

Historical Avg

±1.0%

Pricing rich

The options market is pricing in a potential move of about 3.39% in either direction following the earnings report.

Options are pricing ±3.4% while NJR has averaged ±1.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

17.7%

Calls (400)P/C Ratio: 1.00Puts (0)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NJR beats expectations, history suggests a potential stock increase of around 0.32%, confirming positive operational trends.

In-Line / Cautious

An in-line report may lead to a muted reaction, as investors await further clarity on future guidance.

Miss

If NJR misses estimates, the stock could drop by about 3.33%, reflecting investor disappointment and concerns over future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on natural gas demand trends and pricing.
2Insights on cost management and operational efficiencies.
3Details on customer growth and retention rates.
4Management's outlook on future earnings and market conditions.
5Any strategic initiatives to enhance service delivery or expand market share.