New Jersey Resources Corporation — Cyborg Score 8/10
Strong
Energy Services & Utilities
Strategic Profile
The company's diversified business model spans utility services, storage and transportation, and clean energy, positioning it well in the energy sector. The company increased its fiscal 2026 guidance by $0.25 per share to $3.28-$3.43, representing the sixth consecutive year of raising guidance.
Cyborg Score Rationale
NJR shares were up 22.1% over the past year as of February 12, 2026, outperforming the S&P 500. With 30 consecutive years of dividend growth and strong credit metrics, NJR appears well-positioned to execute its strategic initiatives. The company's EPS and revenue exceeded forecasts, indicating strong operational performance.
Top Insights
Six consecutive years of raising guidance reflecting benefits of diversified energy platform
Planning $5 billion capital investment over five years, representing 40% increase vs. prior five-year period, with 60% to utility business
Clean Energy Ventures expects 50% installed capacity increase over next two years with secured project pipeline
No block equity issuance required to fund growth plans with strong credit metrics
Named Competitors
Northeast Utilities — Regional utility provider in Northeast US
PSE&G — Major utility serving New Jersey and New York
Sunrun — Residential solar and energy services provider
Nextera Clean Energy — Utility-scale renewable energy developer
Recent Developments
(February 2026) Raised fiscal 2026 earnings guidance by $0.25/share to $3.28-$3.43 range due to Energy Services outperformance
(January 2026) New board elected including new Chair Thomas O'Connor; retired Chair Donald Correll after 17 years
(January 2026) $50,000 donation to Ducks Unlimited for coastal habitat protection
(November 2025) Executive leadership changes announced to strengthen growth and strategic initiatives
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