New Jersey Resources (NJR) delivered earnings and revenue surprises of 44.30% and 14.28%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Sempra Energy, Atmos Energy, NewJersey Resources and Northwest Natural Holding are part of the Zacks Industry Outlook article.
The near-term prospects of the Zacks Gas Distribution industry look challenging. Yet, systematic investment to strengthen infrastructure and efficiently supply natural gas to customers should drive the performance of SRE, ATO NJR and NWN.