Equity Profile

NJR

New Jersey Resources Corporation

UtilitiesGas Utilities$5.6B

Aug3Mon

Pre-Earnings Brief

UpcomingQ3-2026After Close5:00 PM EDT

Company Snapshot

New Jersey Resources Corporation (NJR) is a utility company that primarily provides natural gas services to customers in New Jersey. As a player in the gas utilities sector, NJR is crucial for energy supply and infrastructure, especially as the demand for reliable energy sources continues to grow amid changing energy policies.

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well NJR is managing its costs and revenues.

$0.06

Revenue

Revenue figures will provide insight into the company's sales performance and customer demand for gas services.

$352M

Wall Street expectations, options signals, track record, and call prep available with Pro.

NJR Q3-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

-35.02%

Avg Stock Reaction

-0.15%

Last Quarter Recap

In Q2 2026, NJR reported an EPS of $2.20, exceeding estimates by 16.4%. The stock reacted positively, gaining 0.18% the following day.

Management Promises & Guidance

Continued focus on improving operational efficiency.
Commitment to maintaining reliable service for customers.
Plans to invest in infrastructure upgrades.

Expectations

Wall Street Expectations

Analysts expect NJR to report modest earnings growth this quarter, with a consensus EPS of $0.06 and revenue of $352 million. Investors will be closely watching for any surprises or changes in guidance.

Bull Case

If NJR beats earnings expectations, it could signal strong operational performance and increased demand for gas services, potentially driving the stock higher.

Bear Case

Conversely, if NJR misses estimates, it may raise concerns about its ability to manage costs and demand, leading to a negative reaction in the stock.

Key Metrics to Watch

EPS

$0.06

Earnings per share is a key indicator of profitability and will show how well NJR is managing its costs and revenues.

Revenue

$352M

Revenue figures will provide insight into the company's sales performance and customer demand for gas services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will NJR's EPS exceed the consensus estimate of $0.06?

A beat on EPS would reinforce confidence in the company's operational efficiency and demand for its services.

What insights will management provide regarding future revenue growth?

Guidance on revenue growth will be critical for understanding the company's trajectory in a competitive energy market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate NJR's ability to manage costs effectively, leading to better-than-expected margins despite revenue challenges.

Supporting Evidence

NJR has consistently beaten EPS estimates in recent quarters, suggesting strong operational control.

Options pricing indicates a significant move, suggesting that traders expect volatility that may not align with consensus expectations.

Key Risk

If NJR's revenue growth exceeds $352M, it could invalidate bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be closely scrutinized as NJR navigates a challenging energy landscape.

Bull Confirmed If

An EPS of $0.07 or higher would confirm strong operational performance and positive market demand.

Bear Confirmed If

An EPS below $0.04 would raise concerns about cost management and demand sustainability.

Pre-Earnings Positioning

Options Market

Implied Move

±7.48%

Historical Avg

±1.0%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±7.5% while NJR has averaged ±1.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

17.7%

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Utilities

n=30

Fade rate: 7 of 30 (23%)

This setup has occurred 30 times across Utilities in the last 2 years. 23 of 30 (77%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 1.6%, with a raw directional average of -0.8% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NJR beats expectations, history suggests a potential average one-day move of +0.31%, confirming a positive outlook.

In-Line / Cautious

An inline report may lead to muted reactions, as investors await further clarity on future guidance.

Miss

If NJR misses estimates, the stock could see a decline, with historical patterns indicating an average drop of -3.33%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on infrastructure investments and their expected impact on future revenue.
2Management's commentary on customer demand trends for natural gas.
3Insights into cost management strategies and their effectiveness.
4Any changes in regulatory environment that could affect operations.
5Future guidance on EPS and revenue expectations.

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well NJR is managing its costs and revenues.

$0.06

Revenue

Revenue figures will provide insight into the company's sales performance and customer demand for gas services.

$352M

Wall Street expectations, options signals, track record, and call prep available with Pro.

NJR Q3-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

-35.02%

Avg Stock Reaction

-0.15%

Last Quarter Recap

In Q2 2026, NJR reported an EPS of $2.20, exceeding estimates by 16.4%. The stock reacted positively, gaining 0.18% the following day.

Management Promises & Guidance

Continued focus on improving operational efficiency.
Commitment to maintaining reliable service for customers.
Plans to invest in infrastructure upgrades.

Expectations

Wall Street Expectations

Bull Case

If NJR beats earnings expectations, it could signal strong operational performance and increased demand for gas services, potentially driving the stock higher.

Bear Case

Conversely, if NJR misses estimates, it may raise concerns about its ability to manage costs and demand, leading to a negative reaction in the stock.

Key Metrics to Watch

EPS

$0.06

Earnings per share is a key indicator of profitability and will show how well NJR is managing its costs and revenues.

Revenue

$352M

Revenue figures will provide insight into the company's sales performance and customer demand for gas services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will NJR's EPS exceed the consensus estimate of $0.06?

A beat on EPS would reinforce confidence in the company's operational efficiency and demand for its services.

What insights will management provide regarding future revenue growth?

Guidance on revenue growth will be critical for understanding the company's trajectory in a competitive energy market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate NJR's ability to manage costs effectively, leading to better-than-expected margins despite revenue challenges.

Supporting Evidence

NJR has consistently beaten EPS estimates in recent quarters, suggesting strong operational control.

Options pricing indicates a significant move, suggesting that traders expect volatility that may not align with consensus expectations.

Key Risk

If NJR's revenue growth exceeds $352M, it could invalidate bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be closely scrutinized as NJR navigates a challenging energy landscape.

Bull Confirmed If

An EPS of $0.07 or higher would confirm strong operational performance and positive market demand.

Bear Confirmed If

An EPS below $0.04 would raise concerns about cost management and demand sustainability.

Pre-Earnings Positioning

Options Market

Implied Move

±7.48%

Historical Avg

±1.0%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±7.5% while NJR has averaged ±1.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

17.7%

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Utilities

n=30

Fade rate: 7 of 30 (23%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NJR beats expectations, history suggests a potential average one-day move of +0.31%, confirming a positive outlook.

In-Line / Cautious

An inline report may lead to muted reactions, as investors await further clarity on future guidance.

Miss

If NJR misses estimates, the stock could see a decline, with historical patterns indicating an average drop of -3.33%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on infrastructure investments and their expected impact on future revenue.
2Management's commentary on customer demand trends for natural gas.
3Insights into cost management strategies and their effectiveness.
4Any changes in regulatory environment that could affect operations.
5Future guidance on EPS and revenue expectations.