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NJR

New Jersey Resources Corporation

NJR

NYSE·Utilities·Regulated Gas·Mkt cap $5.7B

$57.49

+2.30%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$43.46 - $58.57

P/E

17.80

Fwd P/E

16.75

Beta

0.52

Div Yield

3.38%

Avg Vol

623.4K

Shares Out

100.8M

Mkt Cap

$5.7B

Price action

Price chart

Up 24.8% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Regulated utility monopoly in New Jersey with stable, predictable cash flows and rate-base growth
  • Established customer base of 564,000+ residential and commercial accounts with high switching costs
  • Diversified revenue streams reducing reliance on single business segment or market condition
  • Strategic positioning in clean energy transition with solar investments across Northeast markets
  • Integrated infrastructure assets including storage and transportation contracts providing operational synergies

Bear Case

1 risk

  • Low volatility (beta 0.5).

Growth

Stable outlook

Renewable energy expansion through Clean Energy Ventures solar portfolio development

Value

Fairly valued vs Gas Utilities peers

Momentum

Stable

+0.4% over 3m

Quality

Stable

Excellent business quality

Dividend

Solid

3.38% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Aug 3, 2026

Q2 26 RECAP

MAY 4, 2026

Reported EPS of $2.20 vs $1.89 consensus (+16.4% surprise). Revenue of $939.4M vs $850.0M expected (+10.5%). Beat on both top and bottom lines.

EPS beat +16.4%
Rev beat +10.5%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+16.4%

Next: Aug 3, 2026

Revenue trend · last 8Q

+8%

+33%

+19%

-14%

+23%

Q2 24

Q3 24

Q4 24

Q1 24

Q2 25

Q3 25

Q4 25

Q1 25

$661.6M

$272.1M

$397.6M

$491.0M

$876.9M

$323.9M

$341.5M

$605.6M

Margins · last 8Q

Gross

43.3%

Operating

29.8%

Profit

20.2%

Wall Street consensus

1 analyst · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

1

100%

Hold

0%

Sell

0%

Median Price Target

$62.00

+7.8% vs $57.49

Low $61.00
Median $62.00
High $63.00

Latest: Argus · $63.00 · May 20, 2026

2 analysts covering

vs Industry

How NJR stacks vs Regulated Gas

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.