Core Viewpoint - New Jersey Resources Corporation (NYSE:NJR) is identified as a promising investment in the hydrogen and fuel cell sector for 2026, with a recent upgrade from Mizuho indicating strong fundamentals and attractive valuation [1]. Financial Performance - NJR reported mixed financial results for the fiscal fourth quarter of 2025, with earnings per share of $0.16, falling short of the expected $0.19, resulting in a 15.79% negative surprise [3]. - The company exceeded revenue expectations, reporting $336.08 million compared to the anticipated $307.19 million [3]. Market Position and Outlook - Mizuho upgraded NJR from Neutral to Outperform, raising its price target to $54 from $51, citing a 23% discount relative to its local distribution peer group based on 2028 consensus expectations [1]. - NJR is considered largely insulated from regulatory challenges affecting other local power companies, which are facing scrutiny regarding affordability [2]. - Positive growth outlooks are noted for NJR's S&T and CEV divisions, with the CEV division expected to benefit from in-state generation requirements [2]. Company Overview - New Jersey Resources Corporation is a diversified energy holding company that provides regulated natural gas distribution, transmission, and storage services, along with unregulated clean energy operations [4].

Core Insights - Paradiem, LLC has established a new position in Atmos Energy, acquiring 86,407 shares valued at approximately $14.75 million, representing 3.44% of its reportable U.S. equity assets under management as of September 30, 2025 [1][2][3] Company Overview - Atmos Energy is a leading regulated natural gas utility in the U.S., serving about three million customers across eight states, with a focus on essential utility services and a stable customer base [5][9] - The company has a market capitalization of $28.32 billion and reported revenue of $4.62 billion and net income of $1.16 billion for the trailing twelve months [4] Financial Performance - As of October 17, 2025, Atmos Energy's share price was $176.41, reflecting a 22.7% increase over the past year, outperforming the S&P 500 by 11.27 percentage points [3][4] Business Model - Atmos Energy operates a resilient business model, generating revenue primarily through regulated distribution of natural gas and ancillary pipeline services, which provides predictable returns [6][9] - The company focuses on expanding and modernizing its infrastructure, enhancing safety measures, and returning cash to shareholders through a consistently rising dividend [10][11] Market Position - Atmos Energy's extensive underground infrastructure includes approximately 71,921 miles of distribution and transmission mains, creating a competitive moat that is costly to replicate [6][9]