NEW JERSEY RESOURCES CORP NJR

Utilities SIC 4924 - Natural Gas Distribution NAICS Utilities › Natural Gas Distribution derived NYSE

New Jersey Resources Corporation is a New Jersey corporation and a diversified energy services holding company whose principal business is the distribution of natural gas through a regulated utility, investing in and operating clean energy projects and natural gas storage and transportation assets, and providing other retail and wholesale energy services to customers. We are an exempt holding company under Section 1263 of the Energy Policy Act of 2005.

New Jersey Natural Gas Company provides regulated natural gas utility service to residential and commercial customers throughout Burlington, Middlesex, Monmouth, Morris, Ocean and Sussex counties in New Jersey and participates in the off-system sales and capacity release markets. NJNG, a local natural gas distribution company, is regulated by the BPU and comprises the Company's Natural Gas Distribution segment.

Last close 53.16 2026-10-23
Market cap $5.39B 2026-06-30 share count
52-week range 43.46 - 60.86

Valuation FY2025 figures against the last close

P/S4.0x
P/E16.0x
P/FCF11.6x
EV/EBITDA8.0x
Dividend yield3.3%
Diluted EPS3.33

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.35B$1.23B$1.11B$1.20B$852.1M$833.7M$782.3M———
Cost of revenue ———————$1.99B$1.44B$1.14B
Total operating expenses $1.53B$1.34B$1.56B$2.50B$1.87B$1.72B$2.43B$2.71B$2.10B$1.71B
Operating income $508.9M$458.1M$407.0M$406.5M$288.4M$228.9M$164.6M$209.0M$171.2M$167.5M
Interest expense $128.6M$130.3M$123.0M$85.8M$78.6M$67.6M$47.1M$46.3M$44.9M$31.0M
Pre-tax income $426.5M$369.4M$310.1M$342.9M$234.4M$185.2M$128.7M$175.8M$136.6M$145.7M
Income tax $97.0M$84.9M$49.3M$76.2M$33.3M$36.5M$18.4M$42.2M$18.3M$23.5M
Net income $335.6M$289.8M$264.7M$274.9M$117.9M$163.0M$123.9M$231.0M$132.1M$131.7M
EPS, basic 3.352.942.732.861.231.721.392.631.531.53
EPS, diluted 3.332.922.712.851.221.711.382.621.521.52
Shares, diluted (wtd. avg.) 100.8M99.3M97.6M96.5M96.6M95.1M89.6M88.3M87.1M86.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $591.0K$1.0M$954.0K$1.5M$6.0M$119.4M$4.1M$1.7M$2.5M$37.5M
Total current assets $569.9M$554.6M$532.1M$756.1M$634.3M$622.3M$511.6M$770.1M$579.4M$607.3M
Property, plant and equipment ——————$3.04B$2.65B$2.61B$2.41B
Other intangibles ——$77.0K$2.3M$5.0M$10.1M$14.6M$23.4M$41.1M$0
Total assets $7.58B$6.98B$6.54B$6.26B$5.72B$5.32B$4.16B$3.99B$3.93B$3.72B
Accounts payable $204.5M$169.2M$151.8M$156.6M$223.5M$141.5M$129.7M$135.2M$96.9M$107.2M
Short-term debt $195.6M$291.8M$252.1M$423.9M$377.3M$125.3M$25.4M$151.9M$266.0M$121.7M
Total current liabilities $780.9M$887.8M$806.6M$1.10B$1.05B$533.7M$446.4M$751.0M$802.9M$571.6M
Retained earnings $1.45B$1.30B$1.18B$1.07B$934.6M$947.5M$906.1M$1.01B$868.0M$825.6M
Total equity $2.39B$2.20B$1.99B$1.82B$1.63B$1.64B$1.38B$1.29B$1.11B$1.17B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $466.3M$427.4M$479.0M$323.5M$391.0M$213.5M$194.1M$398.3M$248.0M$142.6M
Depreciation and amortisation $188.8M$166.6M$152.9M$129.2M$111.4M$107.4M$81.1M$76.6M$81.8M$72.7M
Capital expenditure ——————$300.0M$206.9M$144.1M$176.1M
Investing cash flow -$568.3M-$569.1M-$538.6M-$590.6M-$622.1M-$994.0M-$287.4M-$373.1M-$392.0M-$363.2M
Financing cash flow $102.0M$141.8M$59.7M$262.5M$117.8M$895.9M$95.6M-$26.0M$107.3M$253.2M
Dividends paid $180.1M$165.1M$151.0M$127.7M$117.0M$117.8M$104.1M$95.8M$88.0M$82.4M
Buybacks ——$0$0$27.2M$0$0$22.8M$6.4M$1.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000356309-25-000093.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 500M 1B 1.5B Net income, FY2016: 131.7M Net income, FY2017: 132.1M Net income, FY2018: 231M Revenue, FY2019: 782.3M Net income, FY2019: 123.9M Revenue, FY2020: 833.7M Net income, FY2020: 163M Revenue, FY2021: 852.1M Net income, FY2021: 117.9M Revenue, FY2022: 1.2B Net income, FY2022: 274.9M Revenue, FY2023: 1.1B Net income, FY2023: 264.7M Revenue, FY2024: 1.2B Net income, FY2024: 289.8M Revenue, FY2025: 1.4B Net income, FY2025: 335.6M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — — — $782.3M $833.7M $852.1M $1.20B $1.11B $1.23B $1.35B
Gross profit — — — — — — — — — —
Net income $131.7M $132.1M $231.0M $123.9M $163.0M $117.9M $274.9M $264.7M $289.8M $335.6M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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