New Jersey Resources Beats Q1 Earnings, Revenue Estimates; Shares Rise

New Jersey Resources Corp. (NJR) reported fiscal first-quarter net income of $122.5 million, or $1.21 per share, surpassing Wall Street expectations. Adjusted earnings came in at $1.17 per share, well above the Zacks consensus estimate of $0.95. The company posted revenue of $604.9 million for the quarter, exceeding the analyst forecast of $516 million. NJR also reaffirmed its full-year earnings guidance in the range of $3.28 to $3.43 per share, signaling continued confidence in its operational outlook.