Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks w ...

New Jersey Resources (NJR) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-08359 NEW JERSEY RESOURCES CORPORATION (Exact name of registrant as specified in its charter) New Jersey 22-2376465 (State or other jurisdi ...

Financial Data and Key Metrics Changes - In Q3 2025, the company reported an EPS of $0.06 per share compared to a net financial loss of $0.09 per share in the previous year [22] - Year-to-date NFE is $313.4 million or $3.13 per share, an increase of nearly 55% year-over-year [22] - The company raised the lower end of its fiscal 2025 NFEPS guidance range by $0.05 to $3.2 to $3.3 per share, reflecting strong operating performance [8][27] Business Line Data and Key Metrics Changes - New Jersey Natural Gas remains the strongest contributor to NFEPS, benefiting from a recent rate case settlement and customer growth [9] - The Clean Energy Ventures (CED) is expected to contribute over 20% of NFEPS this year, driven by high-performing operating assets and the monetization of the residential solar portfolio [9] - Approximately 65% of full-year NFEPS is expected to come from utility operations, rising to over 70% when excluding the CEV gain related to the sale of the residential solar business [10] Market Data and Key Metrics Changes - New Jersey Natural Gas serves approximately 588,000 customers, with over 90% being residential, primarily in economically vibrant counties [10] - The company has invested approximately $383 million in capital projects, with more than 47% earning near real-time returns through mechanisms such as SaveGreen [13] Company Strategy and Development Direction - The company is focused on disciplined execution and consistent performance across all segments, with an emphasis on utility investments and regulatory progress [5] - The SaveGreen program is highlighted as a key investment area, with capital projections raised by over 30% for 2025 [11] - The company aims to enhance utility infrastructure, expand clean energy investments, and optimize storage and transportation capabilities [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate changing environments and allocate capital effectively to meet customer needs [27] - The company anticipates continued growth in the natural gas sector, supported by strong demand and infrastructure investments [36] - Management remains optimistic about reaching a resolution in the Adelphia Gateway rate case by the end of the year [7][19] Other Important Information - The company has a strong balance sheet with projected cash flow from operations between $460 million and $500 million for fiscal 2025 [25] - The company maintains $825 million of credit capacity across its credit facilities, providing flexibility to fund its capital plan [26] Q&A Session Summary Question: What would be the year-over-year impact of the Adelphia rate case settlement in 2026? - Management indicated that details are still under negotiation and have not been made public yet [34] Question: How have the 131 megawatt target for CEV changed relative to initial expectations? - Management stated that the 131 megawatts is what is currently under construction, with high confidence in the projections shared [35] Question: What is the timeline for the Leaf River expansion decision? - Management expects to narrow down the expansion details in the coming months, with a binding open season currently taking place [42] Question: Can you break out the utility gross margin for the quarter? - Management noted that the gross margin benefits from the new rate case and progress on operational efficiency [46] Question: What is driving the stronger demand for the SaveGreen program? - Management highlighted strong market demand for efficient HVAC systems and successful execution of the program [64] Question: Is there interest in growth projects for gas infrastructure in the Northeast? - Management confirmed ongoing investments in reliability and expanding the system to meet customer growth [67]

Financial Data and Key Metrics Changes - In Q3 2025, the company reported an EPS of $0.06 per share compared to a net financial loss of $0.09 per share in the previous year, marking a significant turnaround [20] - Year-to-date NFE reached $313.4 million or $3.13 per share, an increase of nearly 55% year-over-year, driven by higher utility margins and improved performance across various segments [20][21] Business Line Data and Key Metrics Changes - New Jersey Natural Gas remains the strongest contributor to NFEPS, benefiting from a recent rate case settlement and customer growth [8] - Clean Energy Ventures (CED) is expected to contribute over 20% of NFEPS this year, supported by high-performing operating assets and the monetization of the residential solar portfolio [8] - The Save Green program saw a capital projection increase of over 30%, with expected investments rising to $90 million to $95 million, driven by growing adoption of efficient HVAC systems [10][11] Market Data and Key Metrics Changes - The company serves approximately 588,000 customers, with over 90% being residential, primarily in economically vibrant counties experiencing solid population growth [9] - The storage and transportation segment is positioned to serve growing energy demand, with favorable market conditions for storage [17] Company Strategy and Development Direction - The company raised the lower end of its fiscal 2025 NFEPS guidance range to $3.20 to $3.30 per share, reflecting strong operating performance and greater visibility into full-year results [6][7] - The capital plan for fiscal 2025 and 2026 ranges from $1.3 billion to $1.6 billion, aligning with a long-term NFEPS growth target of 7% to 9% [21] - The company emphasizes a disciplined capital deployment strategy focused on utility infrastructure, clean energy investments, and optimizing storage and transportation capabilities [21][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate changing environments and allocate capital effectively to meet evolving customer needs [25][26] - The company is optimistic about the resolution of the Adelphia Gateway rate case and expects to file an offer of settlement with FERC soon [17][32] Other Important Information - The company maintains a strong balance sheet with $825 million of credit capacity across its facilities, supporting its capital plan and working capital needs [24] - The Save Green program is highlighted as a key strategic advantage, providing benefits to customers while supporting decarbonization goals [11][61] Q&A Session Summary Question: Impact of Adelphia rate case settlement in 2026 - Management indicated that details are still under negotiation and will be shared once finalized [31][32] Question: CEV's 131 megawatt target relative to initial expectations - Management clarified that the target reflects projects nearing construction and expressed confidence in achieving capital targets despite market dynamics [33][34] Question: Timeline for Leaf River expansion decision - Management expects to narrow down the expansion details in the coming months, with a focus on customer needs and regulatory approvals [40][52] Question: Strength of Storage and Transportation segment - Management attributed strong performance to a robust natural gas market and increased demand for infrastructure [41] Question: Higher CapEx in Save Green program - Management noted strong demand for energy-efficient systems and effective program execution as key drivers for increased CapEx [60] Question: Future dividend considerations - Management stated that dividend increases will align with historical growth rates and past performance [54] Question: Interest in gas infrastructure growth projects - Management confirmed ongoing investments in reliability and infrastructure to support customer growth [64]

Financial Performance & Guidance - NJR raises the lower end of its fiscal year 2025 NFEPS guidance by $0.05, setting a new range of $3.20 to $3.30[5, 14] - The guidance range is above the 7%-9% long-term projected NFEPS growth[14] - Approximately 65% of fiscal year 2025 NFEPS is expected from utility operations[17] Capital Investments & Growth - NJNG's SAVEGREEN CAPEX is projected to grow over 30% to $90 million - $95 million in fiscal year 2025[24] - NJNG is authorized to invest $385.6 million in SAVEGREEN over a 30-month period ending June 30, 2027[24] - NJNG's year-to-date fiscal year 2025 capital expenditures total approximately $383 million, with about 47% earning a near real-time return[28] Clean Energy Ventures (CEV) - CEV has approximately 449 MW of commercial solar capacity in service as of July 31, 2025[30] - CEV has a solar pipeline of approximately 1.0 GW of investment options for future solar growth[31] - CEV expects approximately 131 MW of solar projects to be in service over the next two years, representing over $350 million in investment[31] Business Segments Performance - For the third quarter of fiscal year 2025, NJNG's NFE was $16.2 million, while the consolidated NFE was $6.2 million[41] - For the year-to-date fiscal year 2025, NJNG's NFE was $69.1 million, while the consolidated NFE was $313.4 million[42] Customer Growth - NJNG serves approximately 588,300 customers in New Jersey[79, 83]

New Jersey Resources (NJR) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. This compares to a loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +200.00%. A quarter ago, it was expected that this energy services holding company would post earnings of $1.65 per share when it actually produced earnings of $1.76, delivering a surprise of +6.67%.Ove ...

Exhibit 99.1 NEW JERSEY RESOURCES REPORTS FISCAL 2025 THIRD-QUARTER RESULTS WALL, N.J., August 4, 2025 — New Jersey Resources Corporation (NYSE: NJR) today reported financial and operating results for its fiscal 2025 third quarter and year-to-date period ended June 30, 2025. Management Commentary Steve Westhoven, President and CEO of New Jersey Resources, stated, "We continued to execute on our strategy to drive stable growth through a diversified business model. Our third-quarter results underscore the pow ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering New Jersey Resources (NJR) , which belongs to the Zacks Utility - Gas Distribution industry.This energy services holding company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 9.91%.For the most recent quarter, New Jersey Resource ...

Group 1 - New Jersey Resources Corporation (NYSE: NJR) is highlighted as a strong player among mid-cap regulated utilities due to its balanced portfolio and expanding core utility franchise [1] - The management of New Jersey Resources Corporation has a clear strategy for further earnings growth, indicating a positive outlook for the company's financial performance [1] Group 2 - The company benefits from a well-defined utility franchise that is positioned for growth, which is crucial for attracting potential investors [1]