• EN

    • -+ 0.00%
    -+ 0.00%
    -+ 0.00%

    Should New Jersey Resources' (NJR) Return to Quarterly Profitability Require Action From Investors?

    Simply Wall St·08/17/2026 18:30:46
    Listen to the news
    • New Jersey Resources Corporation recently reported its past third-quarter and nine‑month results to June 30, 2026, with revenue rising to US$349.18 million for the quarter and US$1.89 billion year‑to‑date, and quarterly net income improving to US$9.69 million from a net loss a year earlier.
    • The return to profitability in the quarter, alongside higher earnings per share over the nine‑month period, highlights operational improvement and stronger earnings quality across the core utility and energy services businesses.
    • Next, we'll examine how this return to quarterly profitability and year‑to‑date earnings growth might influence New Jersey Resources' existing investment narrative.

    AI is about to change healthcare. These 41 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early.

    New Jersey Resources Investment Narrative Recap

    To own New Jersey Resources, you need to be comfortable with a regulated gas utility that is gradually layering in clean energy and efficiency projects while managing policy and demand risks. The latest quarter’s return to profitability and higher nine month earnings supports this thesis but does not materially change the near term focus on regulatory decisions and exposure to evolving decarbonization policies as the key catalyst and primary risk.

    Among recent announcements, the board’s April decision to maintain the quarterly dividend at US$0.475 per share stands out alongside the improved earnings, because it underlines management’s current commitment to cash returns while the company continues to invest in natural gas infrastructure, solar and efficiency programs that underpin the existing growth narrative.

    Yet investors should also be aware that growing policy pressure around electrification could eventually affect natural gas demand and...

    Read the full narrative on New Jersey Resources (it's free!)

    New Jersey Resources' narrative projects $2.4 billion revenue and $402.0 million earnings by 2029. This requires 3.3% yearly revenue growth and about a $60.6 million earnings increase from $341.4 million today.

    Uncover how New Jersey Resources' forecasts yield a $60.14 fair value, a 8% upside to its current price.

    Exploring Other Perspectives

    NJR 1-Year Stock Price Chart
    NJR 1-Year Stock Price Chart

    Two fair value estimates from the Simply Wall St Community span a very wide range, from about US$4.50 to just over US$60 per share, showing how far apart individual views can be. Against that backdrop, the company’s reliance on natural gas infrastructure as a core earnings driver raises important questions about how different investors weigh decarbonization policy risk and long term performance, so it is worth comparing several of these perspectives before forming your own view.

    Explore 2 other fair value estimates on New Jersey Resources - why the stock might be worth less than half the current price!

    The Verdict Is Yours

    Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

    Seeking Other Investments?

    The market won't wait. These fast-moving stocks are hot now. Grab the list before they run:

    • Rare earth metals are an input to most high-tech devices, military and defence systems and electric vehicles. The global race is on to secure supply of these critical minerals. Beat the pack to uncover the 28 best rare earth metal stocks of the very few that mine this essential strategic resource.
    • Invest in the nuclear renaissance through our list of 92 elite nuclear energy infrastructure plays powering the global AI revolution.
    • We've uncovered the 10 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.