Shares of New Jersey Resources (NJR) tumbled 5.22% in after-hours trading on Thursday following the release of its fiscal 2025 fourth-quarter results and fiscal 2026 guidance. The natural gas utility and energy services company reported disappointing earnings that fell short of analyst expectations, while providing a mixed outlook for the coming year.
New Jersey Resources reported quarterly earnings of $0.15 per share, significantly lower than the $0.91 per share reported in the same quarter last year. The company's adjusted earnings per share of $0.16 missed the analyst consensus estimate of $0.18 by 9.6%. Revenue for the quarter came in at $336.078 million, beating the analyst estimate of $299.750 million but still representing a 15.08% decrease from the previous year.
Adding to investor concerns, New Jersey Resources introduced its fiscal 2026 net financial earnings per share (NFEPS) guidance range of $3.03 to $3.18. While this range encompasses the current analyst consensus of $3.12, the lower end of the guidance suggests potential challenges ahead. The company maintained its long-term NFEPS growth target of 7 to 9 percent, but the market reaction indicates that investors may have been hoping for more robust projections. The sharp decline in quarterly net income, which fell to $15.1 million from $91.1 million year-over-year, further contributed to the negative sentiment surrounding the stock.
Comments