New Jersey Resources Reports Strong Q3 Earnings and Raises Fiscal 2025 EPS Guidance

New Jersey Resources (NJR) reported a positive financial performance in the third quarter, with earnings per share (EPS) reaching 6.0 cents, marking a reversal from a loss of 9.0 cents in the same period last year. The EPS surpassed analysts' expectations, which had forecasted a loss of 5.4 cents per share. The company's operating revenue for the quarter was $298.9 million, reflecting an 8.5% increase compared to the previous year, although it fell short of the estimated $316.5 million. For fiscal 2025, New Jersey Resources has increased its lower EPS guidance by $0.05, now projecting a range of $3.20 to $3.30 per share. The company continues to aim for a long-term EPS growth of 7 to 9 percent, based on a target of $2.83 per share for the year. Analysts from Baptista Research, featured on Smartkarma, have recently expressed a positive outlook on NJR. In their report titled "New Jersey Resources: Will Its Strategic Investments in Infrastructure Yield Results?", they highlighted the company's strong second-quarter performance, disciplined capital deployment, and operational excellence, which have contributed to the upward revision of EPS guidance. This suggests NJR's potential to e...