NJR

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NewJersey Resources Corp.

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Key Metrics

Previous Close: $55.08
52-Week Range: $43.46 – $60.86
Market Cap: $5.56B
P/E (TTM): 15.28
EPS (TTM): 3.59
Dividend Yield: 3.45%

Advanced Metrics

Price/Book: 2.09
PEG Ratio: 2.13
Return on Equity: 14.45%
Return on Assets: 4.50%
Gross Margin: 39.18%
Operating Margin: 9.13%
Profit Margin: 16.42%
Current Ratio: 0.66
Debt/Equity: 1.47
Total Debt: $3.88B
Free Cash Flow: $-259.44M
Revenue Growth: 16.80%
Earnings Growth: —
Enterprise Value: $9.41B

NJR Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$2.91B	$1.96B	$1.80B	$2.04B
Cost of Revenue	$2.31B	$1.35B	$1.11B	$1.31B
Gross Profit	$595.16M	$610.48M	$685.00M	$726.64M
Selling, General & Admin	$59.44M	—	—	—
Operating Expenses	$188.69M	$203.48M	$226.89M	$275.97M
Operating Income	$406.48M	$407.00M	$458.10M	$450.67M
EBITDA	$558.02M	$586.02M	$666.22M	$743.88M
Pretax Income	$342.94M	$310.07M	$369.38M	$426.52M
Income Tax	$76.19M	$49.27M	$84.91M	$96.96M
Net Income	$274.92M	$264.72M	$289.77M	$335.63M
Diluted EPS	2.85	2.71	2.92	3.33
Diluted Shares	96.49M	97.63M	99.29M	100.79M

NJR Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$1.11M	$954.00K	$1.02M	$591.00K
Receivables	$216.69M	$105.60M	$117.12M	$122.19M
Inventory	$293.97M	$226.52M	$237.61M	$259.26M
Current Assets	$756.09M	$532.08M	$554.60M	$569.88M
Total Assets	$6.26B	$6.54B	$6.98B	$7.58B
Current Liabilities	$1.10B	$806.60M	$887.77M	$780.86M
Long-Term Debt	$2.49B	$2.77B	$2.88B	$3.25B
Total Debt	$3.13B	$3.29B	$3.52B	$3.77B
Total Liabilities	$4.44B	$4.55B	$4.78B	$5.19B
Retained Earnings	$1.07B	$1.18B	$1.30B	$1.45B
Shareholders' Equity	$1.82B	$1.99B	$2.20B	$2.39B
Working Capital	-$348.07M	-$274.53M	-$333.18M	-$210.98M
Net Debt	$2.98B	$3.14B	$3.36B	$3.60B

NJR Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$323.48M	$478.99M	$427.41M	$466.35M
Capital Expenditure	-$598.43M	-$540.92M	-$571.32M	-$706.08M
Free Cash Flow	-$274.95M	-$61.93M	-$143.91M	-$239.73M
Depreciation & Amortisation	$129.25M	$152.94M	$166.57M	$188.77M
Investing Cash Flow	-$590.61M	-$538.63M	-$569.07M	-$568.27M
Financing Cash Flow	$262.54M	$59.70M	$141.76M	$101.96M
Dividends Paid	-$127.70M	-$150.97M	-$165.06M	-$180.07M
Share Repurchases	$0.00	$0.00	—	—
Net Change in Cash	-$4.59M	$65.00K	$95.00K	$37.00K

NJR Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$913.03M	$298.95M	$336.08M	$604.85M	$939.40M
Cost of Revenue	$537.30M	$242.57M	$244.06M	$342.92M	$528.79M
Gross Profit	$375.73M	$56.37M	$92.02M	$261.94M	$410.61M
Operating Expenses	$96.47M	$57.98M	$53.72M	$82.73M	$109.58M
Operating Income	$279.26M	-$1.61M	$38.30M	$179.21M	$301.03M
EBITDA	$344.92M	$56.98M	$95.46M	$240.14M	$367.45M
Pretax Income	$264.43M	-$21.72M	$16.50M	$154.89M	$282.35M
Income Tax	$61.59M	-$5.14M	$3.12M	$34.23M	$66.18M
Net Income	$204.29M	-$15.05M	$15.07M	$122.49M	$218.91M
Diluted EPS	2.02	-0.15	0.15	1.21	2.16
Diluted Shares	100.93M	100.37M	101.02M	101.23M	101.48M

NJR Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$83.71M	$931.00K	$591.00K	$2.43M	$125.28M
Receivables	$326.37M	$183.07M	$122.19M	$402.09M	$357.59M
Inventory	$142.05M	$211.17M	$259.26M	$236.34M	$105.82M
Current Assets	$678.56M	$562.31M	$569.88M	$781.28M	$730.28M
Total Assets	$7.27B	$7.27B	$7.58B	$7.91B	$7.94B
Current Liabilities	$731.95M	$739.06M	$780.86M	$937.95M	$777.03M
Long-Term Debt	$2.97B	$3.02B	$3.25B	$3.27B	$3.28B
Total Debt	$3.41B	$3.56B	$3.77B	$3.97B	$3.76B
Total Liabilities	$4.79B	$4.85B	$5.19B	$5.43B	$5.29B
Retained Earnings	$1.54B	$1.48B	$1.45B	$1.53B	$1.70B
Shareholders' Equity	$2.48B	$2.42B	$2.39B	$2.47B	$2.65B
Working Capital	-$53.39M	-$176.75M	-$210.98M	-$156.67M	-$46.74M
Net Debt	$3.16B	$3.38B	$3.60B	$3.80B	$3.47B

NJR Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$423.03M	-$28.90M	$81.17M	$26.73M	$562.61M
Capital Expenditure	-$134.70M	-$156.93M	-$262.57M	-$179.54M	-$196.14M
Free Cash Flow	$288.33M	-$185.83M	-$181.40M	-$152.81M	$366.47M
Depreciation & Amortisation	$47.97M	$47.00M	$48.48M	$49.58M	$50.13M
Investing Cash Flow	-$132.95M	-$153.71M	-$262.34M	-$179.54M	-$196.14M
Financing Cash Flow	-$207.96M	$99.91M	$180.82M	$154.75M	-$243.62M
Dividends Paid	-$45.01M	-$45.14M	-$45.17M	-$47.72M	-$47.86M
Net Change in Cash	$82.13M	-$82.70M	-$340.00K	$1.94M	$122.85M

Market Snapshot

About

New Jersey Resources Corp. is an energy services holding company primarily operating as a regulated natural gas utility serving customers throughout New Jersey. The company provides safe and reliable natural gas distribution while also engaging in clean energy ventures and midstream infrastructure. NJR is focused on transitioning to cleaner energy solutions while maintaining core utility operations.