Equity Profile

NJR

New Jersey Resources Corporation

UtilitiesGas Utilities$6.0B

Aug3Mon

Pre-Earnings Brief

UpcomingQ3-2026After Close5:00 PM EDT

Company Snapshot

New Jersey Resources Corporation (NJR) is a utility company primarily involved in the distribution of natural gas. As a key player in the gas utilities sector, NJR provides essential services to residential and commercial customers, making it an important part of the energy infrastructure in New Jersey.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well the company is managing its costs and revenues.

N/A

Revenue Growth

Revenue growth is vital for assessing the company's ability to expand its customer base and increase sales.

N/A

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

NJR Q3-2026 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 Q2-2026, NJR reported an EPS of $2.20, exceeding expectations by 16.4%. The stock reacted positively, gaining 0.18% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations for NJR are mixed, with investors looking for continued strong performance following recent earnings beats. The market is cautious due to the lack of guidance and analyst estimates.

Bull Case

If NJR can maintain its trend of beating EPS estimates, it could see significant upside, especially if revenue growth is strong.

Bear Case

Conversely, any signs of slowing growth or failure to meet expectations could lead to a negative reaction, especially given the lack of recent guidance.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q3-2026?

Given NJR's history of beating EPS estimates, the market will closely watch this figure to gauge the company's profitability and operational efficiency.

How has the customer count changed in the last quarter?

An increase in customer count can indicate growing demand for NJR's services, which is critical for future revenue growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating NJR's ability to maintain its growth trajectory, especially given its recent strong EPS performance.

Supporting Evidence

NJR has consistently beaten EPS estimates, suggesting operational strength.

The options market is pricing a larger move than historical averages, indicating potential volatility that could favor a positive outcome.

Key Risk

If NJR's EPS comes in above $2.50, it could significantly shift market sentiment in favor of the company.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is crucial as it will determine if NJR can continue its trend of exceeding expectations and growing its customer base.

Bull Confirmed If

A reported EPS of $2.50 or higher would confirm strong profitability and growth.

Bear Confirmed If

An EPS below $1.80 would raise concerns about the company's ability to maintain profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±7.48%

Historical Avg

±1.0%

Pricing rich

The options market is pricing in a significant potential move in either direction, suggesting uncertainty ahead of the earnings report.

Options are pricing ±7.5% while NJR has averaged ±1.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

17.7%

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Utilities

n=30

Fade rate: 6 of 30 (20%)

This setup has occurred 30 times across Utilities in the last 2 years. 24 of 30 (80%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 1.5%, with a raw directional average of -0.7% (modestly negative historical bias).

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 0.31%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

A miss could lead to a decline of approximately 3.33%, reflecting investor disappointment and concerns about future growth.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition and retention strategies.
2Details on operational efficiencies that may impact profitability.
3Insights into future revenue growth projections.
4Management's commentary on market conditions affecting the utility sector.
5Any changes in regulatory environment that could impact operations.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well the company is managing its costs and revenues.

N/A

Revenue Growth

Revenue growth is vital for assessing the company's ability to expand its customer base and increase sales.

N/A

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

NJR Q3-2026 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 Q2-2026, NJR reported an EPS of $2.20, exceeding expectations by 16.4%. The stock reacted positively, gaining 0.18% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If NJR can maintain its trend of beating EPS estimates, it could see significant upside, especially if revenue growth is strong.

Bear Case

Conversely, any signs of slowing growth or failure to meet expectations could lead to a negative reaction, especially given the lack of recent guidance.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q3-2026?

Given NJR's history of beating EPS estimates, the market will closely watch this figure to gauge the company's profitability and operational efficiency.

How has the customer count changed in the last quarter?

An increase in customer count can indicate growing demand for NJR's services, which is critical for future revenue growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating NJR's ability to maintain its growth trajectory, especially given its recent strong EPS performance.

Supporting Evidence

NJR has consistently beaten EPS estimates, suggesting operational strength.

The options market is pricing a larger move than historical averages, indicating potential volatility that could favor a positive outcome.

Key Risk

If NJR's EPS comes in above $2.50, it could significantly shift market sentiment in favor of the company.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is crucial as it will determine if NJR can continue its trend of exceeding expectations and growing its customer base.

Bull Confirmed If

A reported EPS of $2.50 or higher would confirm strong profitability and growth.

Bear Confirmed If

An EPS below $1.80 would raise concerns about the company's ability to maintain profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±7.48%

Historical Avg

±1.0%

Pricing rich

The options market is pricing in a significant potential move in either direction, suggesting uncertainty ahead of the earnings report.

Options are pricing ±7.5% while NJR has averaged ±1.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

17.7%

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Utilities

n=30

Fade rate: 6 of 30 (20%)

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 0.31%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

A miss could lead to a decline of approximately 3.33%, reflecting investor disappointment and concerns about future growth.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition and retention strategies.
2Details on operational efficiencies that may impact profitability.
3Insights into future revenue growth projections.
4Management's commentary on market conditions affecting the utility sector.
5Any changes in regulatory environment that could impact operations.