NEW JERSEY RESOURCES CORP — Form 8-K
Filed August 3, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 52/100
What the filing says
New Jersey Resources (market cap ~$4.9B) tightened fiscal 2026 net financial earnings per share (NFEPS) guidance to $3.52–$3.62 (from $3.48–$3.63). YTD nine months ended June 30, 2026: consolidated NFE $350.9M ($3.48 EPS) vs. $313.4M ($3.13 EPS) prior year; Q3 NFE $11.3M ($0.11 EPS) vs. $6.2M ($0.06 EPS). Raised FY2026 capex range to $815M–$950M (from $870M–$1.0B originally). Clean Energy Ventures placed ~58MW in-service YTD; Leaf River received FERC certificate ahead of schedule. NJNG filed $157.6M base rate increase; June 1 filings target ~9% customer bill reduction this winter.
Why this rating
Guidance tightening is modest (midpoint $3.57 vs $3.55); capex increase ~4.6% signals confidence; solar/infrastructure growth visible but incremental. Modest update relative to $4.9B market cap.
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