New Jersey Resources (NJR) came out with quarterly earnings of $1.76 per share, beating the Zacks Consensus Estimate of $1.65 per share. This compares to earnings of $1.40 per share a year ago.
New Jersey Resources (NJR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
New Jersey Resources (NJR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
New Jersey Resources shows consistent earnings growth, rising dividends, and a positive track record with its state utility board when rate increases are necessary. NJR not only looks attractive as a stand-alone investment idea for conservative investors, but it also appears to be leading its peers in a number of financial metrics. Demand for natural gas is expected to rise by 3% in 2025 and another 2.5% in 2026. In 2024, consumption set new records in both the summer and winter months.
NJR makes a strong case for investment, given its growth prospects, solvency, strong ROE and capability to increase shareholders' value.
Here is how New Jersey Resources (NJR) and OGE Energy (OGE) have performed compared to their sector so far this year.
New Jersey Resources Corporation (NYSE:NJR ) Q1 2025 Earnings Conference Call February 4, 2025 10:00 AM ET Company Participants Adam Prior – Director-Investor Relations Steve Westhoven – President and Chief Executive Officer Roberto Bel – Senior Vice President and Chief Financial Officer Pat Migliaccio – Senior Vice President and Chief Operating Officer-New Jersey Natural Gas Conference Call Participants Shar Pourreza – Guggenheim Securities Richard Sunderland – JPMorgan Gabe Moreen – Mizuho Travis Miller – Morningstar Operator Thank you for standing by. My name is Prilla, and I will be your conference operator today.
New Jersey Resources (NJR) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $0.74 per share a year ago.
NJR makes a strong case for investment, given its growth prospects, strong ROE and capability to increase shareholders' value.
New Jersey Resources (NJR) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Capital-intensive stocks like PCG, VST, NJR and OTTR are gaining on rate declines and are expected to continue strong performance in 2025, based on operational expertise.
New Jersey Resources Corporation (NYSE:NJR ) Q4 2024 Earnings Call Transcript November 26, 2024 10:00 AM ET Company Participants Adam Prior - Director of IR Steve Westhoven - President and CEO Roberto Bel - SVP and CFO Pat Migliaccio - SVP and COO Conference Call Participants Robert Mosca - Mizuho Securities Chris Ellinghaus - Seibert Williams Shank Travis Miller - Morningstar Operator Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today.