NJR stock holds after earnings beat and guidance lift
Published on 08/31/2026 at 08:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
New Jersey Resources Corporation (US6460251068) backed its August 3, 2026 quarter with $0.11 adjusted EPS, $349.18 million in revenue, and a fiscal 2026 outlook of 3.520 to 3.620 EPS. The shares opened at $53.49, and the company carried a $5.43 billion market cap in the latest trading snapshot.
Earnings still set the tone
The most recent quarter beat the analyst EPS view of $0.06 by $0.05 and topped revenue estimates of $342.13 million by $7.05 million. Revenue rose 16.8 percent from the same quarter a year earlier, while EPS improved from a loss of $0.15 in the prior-year period.
That mix matters because utilities can trade on stability as much as growth, and NJR is showing both in one report. Net margin came in at 16.42 percent, return on equity reached 14.46 percent, and management kept full-year EPS guidance inside a 3.520 to 3.620 range.
Ownership changes add context
A recent SEC filing reported by MarketBeat showed United Capital Financial Advisors LLC bought 19,856 shares in the second quarter, a position valued at $1.113 million. The same filing set hedge fund ownership at 70.98 percent of the stock.
The report also noted that COO Patrick J. Migliaccio sold 3,000 shares on August 14, 2026 at $55.63, a transaction worth $166,890. New Jersey Resources had a one-year range of $43.46 to $60.86 in the latest snapshot, so the stock was trading inside that band rather than at an extreme.
Natural gas and grid work
New Jersey Natural Gas remains the core business through a pipeline network that serves residential, commercial and industrial customers across the state. That regulated base gives NJR a steadier profile than many energy names, and it helps explain why the stock can hold a premium to more cyclical peers when earnings stay predictable.
Shares and valuation
NJR shares opened at $53.49 in the latest quoted session, with a price-to-earnings ratio of 14.78 and a beta of 0.50. The market cap stood at $5.43 billion, giving investors a compact valuation frame around a company that just posted a quarterly beat and a higher full-year EPS guide.
Fact box
Company: New Jersey Resources Corporation
ISIN: US6460251068
Ticker: NJR
Exchange: NYSE
Price (as of August 31, 2026): $53.49 USD
Market cap: $5.43 billion
Sector / Industry: Utilities / Gas Utilities
Index membership: S&P 400
