New Jersey Resources (NJR) said its first-quarter net income surged to $57.36 million or $1.38 per share from $24.51 million or $0.59 per share last year.
Quarterly net financial earnings climbed to $45.31 million or $1.09 per basic share from $29.13 million or $0.71 per basic share a year earlier, primarily to projects placed into service at NJR Clean Energy Ventures, the company's renewable energy subsidiary, continued growth at New Jersey Natural Gas and improved results at NJR Energy Services.
On average, 6 analysts polled by Thomson Reuters expected earnings per share of $0.74 for the quarter. Analysts' estimates typically exclude one-time items.
Total operating revenues amounted to $642.41 million compared with $713.15 million in the prior-year quarter, whereas 3 analysts projected revenues of $742.73 million for the quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.