Overview

* NJR fiscal Q4 net income falls to $15.1 mln from $91.1 mln yr/yr

* Fiscal 2025 net income rises to $335.6 mln

Outlook

* Company introduces fiscal 2026 NFEPS guidance range of $3.03 to $3.18

* Company maintains 7 to 9 percent long-term NFEPS growth target

* NJR expects NJ Natural Gas to contribute 67 to 72 percent of fiscal 2026 NFE

Result Drivers

* ENERGY SERVICES REVENUE DECLINE - Q4 decline attributed to lower operating revenue from Energy Services compared to prior year

* UTILITY GROSS MARGIN - Higher utility gross margin from recent base rate case settlement improved annual NFE

* RECORD INVESTMENTS - Record investment in SAVEGREEN energy efficiency program and CEV capacity additions positively impacted fiscal 2025 results

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 EPS $0.15

Q4 Net $15.1

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the natural gas utilities peer group is "buy"

* Wall Street's median 12-month price target for New Jersey Resources Corp ( NJR ) is $51.00, about 9.1% above its November 18 closing price of $46.38

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)