New Jersey Resources (NJR) is moving higher after reporting fiscal 2026 second-quarter results that topped expectations and lifting its full-year net financial earnings per share (NFEPS) outlook for the second time this fiscal year. The company raised FY2026 NFEPS guidance by $0.20 to $3.48–$3.63, citing continued strong performance in its Energy Services business alongside solid winter-season execution at the regulated utility.

For fiscal Q2 2026, NJR posted net financial earnings of $221.5 million, or $2.20 per share, versus $178.3 million, or $1.78 per share, in the year-ago quarter. Market tracking of the release shows reported EPS of $2.20 versus a $1.89 consensus estimate, and revenue of $939.4 million versus an $849.95 million expectation, reinforcing the upside surprise that often drives a one-day re-rating in utility/energy infrastructure names.

The updated FY2026 NFEPS range implies a higher earnings base for the year and increases confidence that NJR can sustain its long-term growth framework while funding capital needs. Management flagged Energy Services outperformance as the primary reason for the step-up, while also pointing to the regulated utility’s strong hedging program and winter operations as supportive factors for results and customer affordability.

NJR is set to discuss the quarter and outlook on a webcast scheduled for Tuesday, May 5, 2026 at 10:00 a.m. ET, which could be the next near-term catalyst if management provides additional detail on segment drivers, capital investment priorities, and how much of the Energy Services strength is expected to persist into the remainder of fiscal 2026.