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StocksMediumUpdated•Originally published 6 May 2026•Updated 6 May 2026•

1 min read

Utility Sector Growth: New Jersey Resources Raises Guidance as RGC Resources Posts Strong Earnings

Key Facts

1New Jersey Resources beat non-GAAP EPS expectations by $0.30 in the second quarter.

2The company raised its full-year non-GAAP EPS guidance to a range of $3.48–$3.62.

28 days ago

Version History

Version 128 days ago

What changed: Updated the story to include RGC Resources' Q2 financial results, showing a year-over-year increase in EPS from $0.74 to $0.84.

The utility sector is showing positive momentum as major players report strong financial performance, with New Jersey Resources raising its full-year non-GAAP EPS guidance to a range of $3.48 to $3.62 following a Q2 beat. Similarly, RGC Resources reported consolidated earnings of $8.7 million, or $0.84 per diluted share, for its second quarter ended March 31, 2026. This reflects an increase from $7.7 million, or $0.74 per share, in the prior year, driven by higher operating margins and strategic investments in the Mountain Valley Pipeline. Companies across the sector are balancing heavy capital expenditures with the need for sustainable earnings growth. New Jersey Resources specifically plans to allocate over 60% of its projected $5 billion CapEx through 2030 to clean energy ventures. These results signal operational resilience and a successful pivot toward long-term infrastructure and sustainability goals.