Equity Profile

NJR

New Jersey Resources Corporation

UtilitiesGas Utilities$6.0B

Aug3Mon

Pre-Earnings Brief

UpcomingQ3-2026After Close5:00 PM EDT

Company Snapshot

New Jersey Resources Corporation (NJR) is a utility company focused on providing natural gas services to customers in New Jersey. As a player in the gas utilities sector, NJR is significant for its role in energy distribution and the ongoing transition to cleaner energy sources.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help gauge the company's financial health this quarter.

N/A

Revenue Growth

Revenue growth is crucial for assessing the company's ability to expand its customer base and improve its market position.

N/A

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 expectations by 16.4%. The stock reacted positively, gaining 0.18% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are mixed as NJR has a strong track record of beating EPS estimates, but there are no analyst estimates available this quarter.

Bull Case

If NJR continues its trend of beating EPS estimates, it could signal strong operational performance and investor confidence.

Bear Case

Conversely, if the company fails to meet expectations or faces revenue challenges, it could lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter?

Given NJR's strong history of beating EPS estimates, the market will closely watch this figure to gauge ongoing profitability.

How is revenue trending compared to previous quarters?

Revenue trends are critical for understanding the company's growth trajectory and market position, especially in the current economic climate.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating NJR's ability to leverage recent investments in infrastructure, which could lead to better-than-expected revenue growth.

Supporting Evidence

NJR has consistently beaten EPS estimates in recent quarters, indicating strong operational execution.

The options market is pricing a significant move, suggesting that investors expect volatility that could favor a positive outcome.

Key Risk

If revenue growth exceeds expectations, it could significantly alter the market's perception of NJR's performance.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be pivotal in determining whether NJR can maintain its growth trajectory amidst market challenges.

Bull Confirmed If

An EPS of $2.50 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $1.80 would confirm the bear case, suggesting potential revenue or operational issues.

Pre-Earnings Positioning

Options Market

Implied Move

±7.48%

Historical Avg

±1.0%

Pricing rich

The options market is pricing in a significant potential move, suggesting that investors are anticipating 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%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NJR beats expectations, history suggests the stock could rise by around 0.31%, confirming strong operational performance.

In-Line / Cautious

An in-line report could lead to muted reactions, as the market weighs management's commentary on future growth.

Miss

If NJR misses expectations, history suggests a potential decline of around 3.33%, indicating investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on infrastructure investments and their impact on revenue.
2Management's outlook on natural gas demand in New Jersey.
3Details on cost management strategies and their effect on margins.
4Insights into customer acquisition and retention efforts.
5Any commentary on regulatory changes affecting the gas utility sector.

See the full picture

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help gauge the company's financial health this quarter.

N/A

Revenue Growth

Revenue growth is crucial for assessing the company's ability to expand its customer base and improve its market position.

N/A

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 expectations by 16.4%. The stock reacted positively, gaining 0.18% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are mixed as NJR has a strong track record of beating EPS estimates, but there are no analyst estimates available this quarter.

Bull Case

If NJR continues its trend of beating EPS estimates, it could signal strong operational performance and investor confidence.

Bear Case

Conversely, if the company fails to meet expectations or faces revenue challenges, it could lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter?

Given NJR's strong history of beating EPS estimates, the market will closely watch this figure to gauge ongoing profitability.

How is revenue trending compared to previous quarters?

Revenue trends are critical for understanding the company's growth trajectory and market position, especially in the current economic climate.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating NJR's ability to leverage recent investments in infrastructure, which could lead to better-than-expected revenue growth.

Supporting Evidence

NJR has consistently beaten EPS estimates in recent quarters, indicating strong operational execution.

The options market is pricing a significant move, suggesting that investors expect volatility that could favor a positive outcome.

Key Risk

If revenue growth exceeds expectations, it could significantly alter the market's perception of NJR's performance.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be pivotal in determining whether NJR can maintain its growth trajectory amidst market challenges.

Bull Confirmed If

An EPS of $2.50 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $1.80 would confirm the bear case, suggesting potential revenue or operational issues.

Pre-Earnings Positioning

Options Market

Implied Move

±7.48%

Historical Avg

±1.0%

Pricing rich

The options market is pricing in a significant potential move, suggesting that investors are anticipating 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%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NJR beats expectations, history suggests the stock could rise by around 0.31%, confirming strong operational performance.

In-Line / Cautious

An in-line report could lead to muted reactions, as the market weighs management's commentary on future growth.

Miss

If NJR misses expectations, history suggests a potential decline of around 3.33%, indicating investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on infrastructure investments and their impact on revenue.
2Management's outlook on natural gas demand in New Jersey.
3Details on cost management strategies and their effect on margins.
4Insights into customer acquisition and retention efforts.
5Any commentary on regulatory changes affecting the gas utility sector.