Equity Profile

NJR

New Jersey Resources Corporation

UtilitiesGas Utilities$5.6B

Aug3Mon

Pre-Earnings Brief

UpcomingQ3-2026After Close5:00 PM EDT

Company Snapshot

New Jersey Resources Corporation (NJR) is a utility company that provides natural gas services in New Jersey. With a market cap of $6 billion, it plays a crucial role in the energy sector, especially as demand for reliable gas utilities continues to grow amid ongoing energy transitions.

Key Metrics to Watch

EPS

Earnings per share (EPS) is a key indicator of profitability and will show how well NJR is managing its costs and revenues.

$0.06

Revenue

Revenue figures will provide insight into the company's overall sales performance and demand for its services.

$352M

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 next day.

Management Promises & Guidance

Management committed to maintaining operational efficiency.
They indicated plans to invest in infrastructure improvements.
They highlighted a focus on customer satisfaction and reliability.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about NJR's upcoming earnings, expecting modest growth in EPS and revenue. The consensus estimates suggest stability in performance.

Bull Case

If NJR beats EPS expectations, it could signal strong operational performance and management effectiveness, potentially leading to a stock price increase.

Bear Case

Conversely, if NJR misses the EPS target, it may raise concerns about cost management and operational challenges, leading to a negative market reaction.

Key Metrics to Watch

EPS

$0.06

Earnings per share (EPS) is a key indicator of profitability and will show how well NJR is managing its costs and revenues.

Revenue

$352M

Revenue figures will provide insight into the company's overall sales performance and demand for its services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will NJR's EPS exceed the consensus estimate of $0.06?

A beat on EPS could indicate stronger profitability and operational efficiency, which the market will closely watch.

What are the revenue figures compared to the consensus of $352M?

Revenue performance will provide insights into customer demand and the effectiveness of NJR's service offerings.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate NJR's ability to manage costs effectively, leading to a stronger-than-expected EPS performance.

Supporting Evidence

NJR has consistently beaten EPS estimates in recent quarters, suggesting a trend of operational strength.

The options market is pricing in a larger move than historical averages, indicating potential for a surprise.

Management's previous commitments to efficiency improvements could lead to better-than-expected results.

Key Risk

If NJR's EPS comes in below $0.04, it could challenge the current optimistic outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing NJR's ability to maintain profitability and revenue growth in a competitive utility landscape.

Bull Confirmed If

An EPS of $0.07 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $0.04 would raise concerns about cost management and could lead to a sell-off.

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, indicating that traders expect volatility around the earnings announcement.

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: 7 of 30 (23%)

This setup has occurred 30 times across Utilities in the last 2 years. 23 of 30 (77%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 1.6%, with a raw directional average of -0.8% (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 about 0.31%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may remain stable, but cautious commentary could lead to a mixed reaction.

Miss

A miss on EPS could lead to a decline of around 3.33%, reflecting investor concerns about management's effectiveness.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on infrastructure investments and their expected impact on costs.
2Insights into customer demand trends for natural gas services.
3Management's perspective on regulatory changes affecting the utility sector.
4Details on cost management strategies and their effectiveness.
5Any commentary on competitive pressures in the gas utility market.

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share (EPS) is a key indicator of profitability and will show how well NJR is managing its costs and revenues.

$0.06

Revenue

Revenue figures will provide insight into the company's overall sales performance and demand for its services.

$352M

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 next day.

Management Promises & Guidance

Management committed to maintaining operational efficiency.
They indicated plans to invest in infrastructure improvements.
They highlighted a focus on customer satisfaction and reliability.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about NJR's upcoming earnings, expecting modest growth in EPS and revenue. The consensus estimates suggest stability in performance.

Bull Case

If NJR beats EPS expectations, it could signal strong operational performance and management effectiveness, potentially leading to a stock price increase.

Bear Case

Conversely, if NJR misses the EPS target, it may raise concerns about cost management and operational challenges, leading to a negative market reaction.

Key Metrics to Watch

EPS

$0.06

Earnings per share (EPS) is a key indicator of profitability and will show how well NJR is managing its costs and revenues.

Revenue

$352M

Revenue figures will provide insight into the company's overall sales performance and demand for its services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will NJR's EPS exceed the consensus estimate of $0.06?

A beat on EPS could indicate stronger profitability and operational efficiency, which the market will closely watch.

What are the revenue figures compared to the consensus of $352M?

Revenue performance will provide insights into customer demand and the effectiveness of NJR's service offerings.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate NJR's ability to manage costs effectively, leading to a stronger-than-expected EPS performance.

Supporting Evidence

NJR has consistently beaten EPS estimates in recent quarters, suggesting a trend of operational strength.

The options market is pricing in a larger move than historical averages, indicating potential for a surprise.

Management's previous commitments to efficiency improvements could lead to better-than-expected results.

Key Risk

If NJR's EPS comes in below $0.04, it could challenge the current optimistic outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing NJR's ability to maintain profitability and revenue growth in a competitive utility landscape.

Bull Confirmed If

An EPS of $0.07 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $0.04 would raise concerns about cost management and could lead to a sell-off.

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, indicating that traders expect volatility around the earnings announcement.

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: 7 of 30 (23%)

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 about 0.31%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may remain stable, but cautious commentary could lead to a mixed reaction.

Miss

A miss on EPS could lead to a decline of around 3.33%, reflecting investor concerns about management's effectiveness.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on infrastructure investments and their expected impact on costs.
2Insights into customer demand trends for natural gas services.
3Management's perspective on regulatory changes affecting the utility sector.
4Details on cost management strategies and their effectiveness.
5Any commentary on competitive pressures in the gas utility market.