New Jersey Resources Corp., which provides natural gas and clean energy services, said Feb. 2 that the parent of New Jersey Natural Gas has increased its fiscal 2026 net financial earnings per share guidance for a sixth straight year.
The company boosted its guidance to a range of $3.28 to $3.43, from $3.03 to $3.18, a 25-cent increase, as a result of the strong performance of its Energy Services segment in January 2026. Energy Services reported fiscal 2026 first-quarter net financial earnings (NFE) of $16.3 million, compared with $7.8 million for the same period in fiscal 2025.
New Jersey Resources said the increase in NFE was primarily due to higher natural gas price volatility during the period that allowed Energy Services to capture additional financial margin. Energy Services is expected to contribute 12% to 17% of net financial earnings to New Jersey Resources in 2026, the second-highest percentage of any of the company’s five sectors. New Jersey Natural Gas is expected to provide 62% to 67% of net financial earnings.
Energy Services supplies unregulated, wholesale natural gas to consumers across the Gulf Coast, Eastern Seaboard, Southwest, Mid-continent and Canada. In addition to energy supply, Energy Services provides a range of customized energy management services.
“NJR is off to a strong start in fiscal 2026,” said Steve Westhoven, president and CEO of New Jersey Resources. “Our performance in the beginning of our fiscal second quarter has exceeded our original projections, as Energy Services benefited from natural gas price volatility. As a result, we are raising our fiscal 2026 NFEPS guidance range by $0.25 to $3.28 to $3.43. This represents the sixth consecutive year in which NJR has raised its guidance as a result of the benefits of our diversified energy platform.”
