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New Jersey Resources: An Insight Into Its Storage & Transportation Expansion, Recontracting Tailwinds & Gulf Coast Growth!

New Jersey Resources (NJR) reported strong financial results for fiscal 2025, demonstrating consistent growth and robust operational performance. The company exceeded its initial earnings guidance and long-term growth targets for the fifth consecutive year. A key highlight was NJR’s net financial earnings per share (NFEPS), which benefited from strategic execution across its diverse business segments. NJR anticipates continued growth in fiscal 2026, guiding an NFEPS range of $3.03 to $3.18, aligning with a 7% to 9% long-term growth rate. New Jersey Resources plans to invest approximately $5 billion over the next five years, marking a 40% increase in capital expenditure compared to the previous five years. Around 60% of this investment will be allocated to the utility New Jersey Natural Gas, expected to achieve high single-digit rate base growth through 2030.