New Jersey Resources Corporation (NJR) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$0.06	$0.11	+83.3%	—	—	—
Q3 26	$1.9	$2.2	+15.8%	—	—	—
Q2 26	$1	$1.17	+17.0%	—	—	—
Q1 26	$0.19	$0.16	-15.8%	—	—	—
Q4 25	-$0.03	$0.06	+300.0%	—	—	—
Q3 25	$1.62	$1.78	+9.9%	—	—	—
Q2 25	$1.06	$1.29	+21.7%	—	—	—
Q1 25	$0.87	$0.89	+2.3%	—	—	—
Q4 24	-$0.05	-$0.09	-80.0%	—	—	—
Q3 24	$1.22	$1.41	+15.6%	—	—	—
Q2 24	$0.72	$0.74	+2.8%	—	—	—
Q1 24	$0.35	$0.3	-14.3%	—	—	—
Q4 23	-$0.05	$0.1	+300.0%	—	—	—
Q3 23	$1.19	$1.16	-2.5%	—	—	—
Q2 23	$0.72	$1.14	+58.3%	—	—	—
Q1 23	$0.45	$0.5	+11.1%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.35	—	—	$2B	—
FY24	—	$2.94	—	—	$1.8B	—
FY23	—	$2.73	—	—	$2B	—
FY22	—	$2.86	—	—	$2.9B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.9B	$2.3B	$2.9B	$2.6B	$2B	$2.2B	$2.9B	$2B	$1.8B	$2B
YoY change	-31.2%	+20.6%	+28.5%	-11.1%	-24.6%	+10.4%	+34.7%	-32.4%	-8.48%	+13.4%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.9B	2.3B	2.9B	2.6B	2B	2.2B	2.9B	2B	1.8B	2B
Cost of revenue	1.6B	1.9B	2.6B	2.3B	1.6B	1.7B	2.3B	1.4B	1.1B	1.3B
Gross profit	319.8M	342.7M	324.6M	279.6M	370.8M	438M	595.2M	610.5M	685M	726.6M
Gross margin	17%	15.1%	11.1%	10.8%	19%	20.3%	20.5%	31.1%	38.1%	35.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	39.3M	40.2M	39M	33.9M	34.5M	38.3M	59.4M	—	—	—
Operating expenses	78.6M	80.5M	77.9M	67.9M	69.1M	76.6M	118.9M	50.5M	60.3M	87.2M
Operating income	167.5M	171.2M	199.9M	164.6M	228.9M	288.4M	406.5M	407M	458.1M	450.7M
Operating margin	8.91%	7.55%	6.86%	6.35%	11.7%	13.4%	14%	20.7%	25.5%	22.1%
Non-operating income, net	9.2M	10.3M	13M	11.3M	23.9M	24.6M	22.3M	26.1M	41.6M	104.4M
Pretax income	145.7M	136.6M	166.6M	128.7M	185.2M	234.4M	342.9M	310.1M	369.4M	426.5M
Income tax	23.5M	18.3M	-53.8M	18.4M	36.5M	33.3M	76.2M	49.3M	84.9M	97M
Net income	131.7M	132.1M	233.4M	123.9M	163M	117.9M	274.9M	264.7M	289.8M	335.6M
Net margin	7%	5.82%	8.01%	4.78%	8.34%	5.47%	9.46%	13.5%	16.1%	16.5%
EBITDA	249.5M	263.3M	298.6M	256.9M	360.2M	424.3M	558M	586M	666.2M	685.7M
EPS	1.53	1.53	2.66	1.9	1.72	1.23	2.86	2.73	2.94	3.35
Diluted EPS	1.52	1.52	2.64	1.89	1.71	1.22	2.85	2.71	2.92	3.33

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	331.3M	467.2M	657.9M	275.6M	395.8M	488.4M	913M	298.9M	336.1M	604.9M	939.4M	349.2M
Cost of revenue	224.7M	271.9M	418.4M	220.4M	200.8M	285.8M	537.3M	242.6M	244.1M	342.9M	528.8M	253.3M
Gross profit	106.6M	195.3M	239.5M	55.2M	195M	202.5M	375.7M	56.4M	92M	261.9M	410.6M	95.9M
Gross margin	32.2%	41.8%	36.4%	20%	49.3%	41.5%	41.2%	18.9%	27.4%	43.3%	43.7%	27.5%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—	—	—
Operating expenses	3M	19.2M	29.2M	8.3M	3.6M	22.5M	48.5M	11M	5.2M	33.2M	59.5M	10.4M
Operating income	64.3M	135.8M	170.2M	5.9M	146.1M	134.7M	279.3M	-1.6M	38.3M	179.2M	301M	31.9M
Operating margin	19.4%	29.1%	25.9%	2.15%	36.9%	27.6%	30.6%	-0.54%	11.4%	29.6%	32%	9.13%
Non-operating income, net	10.9M	6.3M	15.4M	9.6M	10.2M	66.5M	17.7M	11.6M	8.7M	11.4M	16.3M	14.8M
Pretax income	42.1M	110.7M	154M	-15.7M	120.4M	167.3M	264.4M	-21.7M	16.5M	154.9M	282.3M	11.5M
Income tax	6.2M	22.9M	33.9M	-2.8M	30.8M	37.4M	61.6M	-5.1M	3.1M	34.2M	66.2M	3.4M
Net income	37M	89.4M	120.8M	-11.6M	91.1M	131.3M	204.3M	-15.1M	15.1M	122.5M	218.9M	9.7M
Net margin	11.2%	19.1%	18.4%	-4.2%	23%	26.9%	22.4%	-5.03%	4.48%	20.3%	23.3%	2.77%
EBITDA	114.5M	182.4M	225.7M	56.4M	201.7M	191.7M	344.2M	56.4M	93.4M	240.1M	367.5M	100.2M
EPS	0.38	0.91	1.23	-0.12	0.92	1.32	2.04	-0.15	0.15	1.22	2.17	0.1
Diluted EPS	0.38	0.91	1.22	-0.12	0.91	1.31	2.02	-0.15	0.15	1.21	2.16	0.1

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2.8B	3.6B	4B	4B	2.6B	3.3B	3.7B	3.9B	4.7B	4.8B	5.1B
Enterprise value	4B	5.1B	5.5B	5.6B	5B	6.1B	6.8B	7.2B	8.2B	8.6B	9B
Shares outstanding	85.9M	86.3M	87.7M	89.2M	94.8M	96.2M	96.1M	97M	98.6M	100.2M	100.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	21.4	27.6	17.3	32.6	15.7	28.4	13.5	14.9	16.1	14.4	13.9
P/S	1.5	1.6	1.39	1.56	1.31	1.55	1.28	2.01	2.59	2.37	2.27
P/B	2.42	2.94	2.85	2.6	1.56	2.05	2.05	1.98	2.12	2.02	1.92
EV/EBITDA	16.1	19.2	18.4	21.9	13.8	14.4	12.3	12.3	12.3	12.5	11.9
EV/Sales	2.14	2.23	1.89	2.17	2.54	2.83	2.36	3.68	4.55	4.22	4.03
Earnings yield	4.67%	3.63%	5.77%	3.07%	6.36%	3.52%	7.39%	6.72%	6.22%	6.95%	7.21%
FCF yield	-7.5%	-2.13%	0.5%	-8.22%	-10%	-6.98%	-7.39%	-1.57%	-3.09%	-4.97%	-5.1%
PEG	—	—	—	—	—	—	—	—	—	—	-0.08

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	17%	15.1%	11.1%	10.8%	19%	20.3%	20.5%	31.1%	38.1%	35.7%	27.5%
Operating margin	8.91%	7.55%	6.86%	6.35%	11.7%	13.4%	14%	20.7%	25.5%	22.1%	9.13%
Net margin	7%	5.82%	8.01%	4.78%	8.34%	5.47%	9.46%	13.5%	16.1%	16.5%	16.4%
ROE	11.3%	10.7%	16.5%	7.99%	9.92%	7.23%	15.1%	13.3%	13.2%	14%	14.5%
ROA	3.54%	3.36%	5.63%	2.83%	3.07%	2.06%	4.39%	4.05%	4.15%	4.43%	4.5%
ROIC	5.93%	5.57%	6.96%	4.5%	4.55%	5.64%	6.4%	6.48%	6.16%	5.65%	6.53%
Return on tangible assets	3.54%	3.43%	5.7%	2.86%	3.08%	2.07%	4.4%	4.06%	4.16%	4.44%	4.58%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.06	0.72	1.03	1.15	1.17	0.6	0.68	0.66	0.62	0.73	0.66
Quick ratio	0.68	0.46	0.76	0.73	0.81	0.4	0.42	0.38	0.36	0.4	0.45
Debt / equity	1.06	1.16	1.03	1.02	1.53	1.69	1.72	1.65	1.6	1.58	1.47
Debt / assets	0.33	0.36	0.35	0.36	0.47	0.48	0.5	0.5	0.5	0.5	0.48
Net debt / EBITDA	4.81	5.42	4.87	6.15	6.65	6.49	5.6	5.61	5.29	5.49	4.8
Interest coverage	5.69	4.04	4.6	3.73	3.74	3.98	5	3.52	3.84	4.32	4.41
Effective tax rate	16.2%	13.4%	0%	14.3%	19.7%	14.2%	22.2%	15.9%	23%	22.7%	23%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	21.9	26.3	33.2	29	20.6	22.4	30.2	20.2	18.2	20.3	22.1
EPS (basic)	1.53	1.53	2.66	1.9	1.72	1.23	2.86	2.73	2.94	3.35	3.35
EPS (diluted)	1.52	1.52	2.64	1.89	1.71	1.22	2.85	2.71	2.92	3.33	3.61
Book value per share	13.6	14.3	16.2	17.4	17.3	16.9	18.9	20.5	22.3	23.9	26.1
FCF per share	-2.46	-0.9	0.23	-3.72	-2.71	-2.43	-2.86	-0.64	-1.46	-2.39	-1.54
Cash per share	0.44	0.03	0.02	0.03	1.23	0.05	0.01	0.01	0.01	0.01	0.34
Capex per share	0.01	0.11	0	0	4.47	—	—	—	—	7.04	8.01

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.04%	0.42%	0%	0%	21.7%	—	—	—	—	34.7%	36.6%
Capex / operating cash flow	0.73%	3.86%	0%	0%	159.6%	—	—	—	—	151.4%	123.7%
Payout ratio	62.6%	66.6%	41.1%	84%	72.3%	99.2%	46.5%	57%	57%	53.7%	52.6%
Dividend yield	2.92%	2.42%	2.37%	2.58%	4.6%	3.49%	3.43%	3.83%	3.55%	3.73%	3.97%

Yield

3.97%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.50

ex-dividend Sep 24, 2026

Payout ratio

53%

of earnings

Dividend growth

10 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 24, 2026	$0.50
Jun 10, 2026	$0.475
Mar 11, 2026	$0.475

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$331.3M	$467.2M	$657.9M	$275.6M	$395.8M	$488.4M	$913M	$298.9M	$336.1M	$604.9M	$939.4M	$349.2M
YoY change	-56.7%	-35.4%	+2.16%	+4.38%	+19.5%	+4.53%	+38.8%	+8.46%	-15.1%	+23.9%	+2.89%	+16.8%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	37.5M	2.2M	1.5M	2.7M	117M	4.7M	1.1M	954K	1M	591K
Receivables	142.7M	196.5M	205.5M	139.3M	134.2M	212.8M	222.3M	97.5M	105.5M	109.4M
Inventory	217M	214M	198.5M	184.3M	187.9M	213.2M	294M	226.5M	237.6M	259.3M
Total current assets	607.3M	579.4M	770.1M	511.6M	622.3M	634.3M	756.1M	532.1M	554.6M	569.9M
Property, plant & equipment	300.3M	368.4M	282.1M	420.2M	1.1B	1.1B	1.2B	1.4B	1.4B	1.6B
Goodwill & intangibles	0	82.2M	46.8M	32.6M	29.5M	21.2M	16.9M	16.8M	21M	22.3M
Total assets	3.7B	3.9B	4.1B	4.4B	5.3B	5.7B	6.3B	6.5B	7B	7.6B
Accounts payable	247.8M	258.1M	347.7M	267.8M	238.2M	393.1M	392.5M	203.9M	227.6M	267.7M
Short-term debt	183.2M	431.4M	275.5M	46.9M	159.3M	454.4M	503.6M	373M	485.8M	358.2M
Total current liabilities	571.6M	802.9M	751M	446.4M	533.7M	1.1B	1.1B	806.6M	887.8M	780.9M
Long-term debt	1.1B	997.1M	1.2B	1.5B	2.4B	2.3B	2.6B	2.9B	3B	3.4B
Total liabilities	2.6B	2.7B	2.7B	2.8B	3.7B	4.1B	4.4B	4.5B	4.8B	5.2B
Shareholders' equity	1.2B	1.2B	1.4B	1.6B	1.6B	1.6B	1.8B	2B	2.2B	2.4B
Total debt	1.2B	1.4B	1.5B	1.6B	2.5B	2.8B	3.1B	3.3B	3.5B	3.8B
Net debt	1.2B	1.4B	1.5B	1.6B	2.4B	2.8B	3.1B	3.3B	3.5B	3.8B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	954K	2.7M	5M	22.4M	1M	1.9M	83.7M	931K	591K	2.4M	125.3M	34M
Receivables	97.5M	170.5M	185.1M	128.3M	105.5M	211M	263.3M	173.3M	109.4M	260.1M	291.1M	190.8M
Inventory	226.5M	224.6M	111.4M	163.9M	237.6M	232.4M	142M	211.2M	259.3M	236.3M	105.8M	200.2M
Total current assets	532.1M	677M	553.7M	534.4M	554.6M	730.7M	678.6M	562.3M	569.9M	781.3M	730.3M	619.4M
Property, plant & equipment	1.4B	1.3B	1.3B	1.3B	1.4B	1.3B	1.4B	1.5B	1.6B	1.6B	1.7B	1.7B
Goodwill & intangibles	16.8M	18.2M	19.5M	20.5M	21M	21.1M	21.3M	21.6M	22.3M	22.3M	22.4M	22.1M
Total assets	6.5B	6.7B	6.6B	6.8B	7B	7.2B	7.3B	7.3B	7.6B	7.9B	7.9B	8B
Accounts payable	203.9M	182.7M	192.5M	198.8M	227.6M	201.9M	232.1M	202.7M	267.7M	232.3M	246.4M	236.6M
Short-term debt	373M	493.1M	349.3M	457.4M	485.8M	433.7M	278.9M	368.7M	358.2M	535.3M	319.8M	508.4M
Total current liabilities	806.6M	962M	789.1M	894.3M	887.8M	818.7M	732M	739.1M	780.9M	937.9M	777M	936.7M
Long-term debt	2.9B	2.9B	2.9B	3B	3B	3.1B	3.1B	3.2B	3.4B	3.4B	3.4B	3.4B
Total liabilities	4.5B	4.7B	4.5B	4.6B	4.8B	4.9B	4.8B	4.9B	5.2B	5.4B	5.3B	5.4B
Shareholders' equity	2B	2.1B	2.2B	2.1B	2.2B	2.3B	2.5B	2.4B	2.4B	2.5B	2.6B	2.6B
Total debt	3.3B	3.4B	3.2B	3.4B	3.5B	3.6B	3.4B	3.6B	3.8B	4B	3.8B	3.9B
Net debt	3.3B	3.4B	3.2B	3.4B	3.5B	3.6B	3.3B	3.6B	3.8B	4B	3.6B	3.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	131.7M	132.1M	233.4M	123.9M	163M	117.9M	274.9M	264.7M	289.8M	335.6M
Depreciation & amortization	72.7M	81.8M	85.7M	81.1M	107.4M	111.4M	129.2M	152.9M	166.6M	188.8M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	-85.7M	8.3M	75.6M	94.1M	-8.2M	-50.8M	-123.7M	307.2M	-93.3M	-40.1M
Operating cash flow	102M	244.3M	327.4M	270.8M	265.5M	157.5M	325M	730.8M	402.4M	466.3M
Capital expenditure	748K	9.4M	0	0	-423.9M	—	—	—	—	-706.1M
Investing cash flow	-40.4M	-101.2M	1.7M	195.9M	-949.6M	-690K	5.5M	0	0	-568.9M
Dividends paid	-82.4M	-88M	-95.8M	-104.1M	-117.8M	-117M	-127.7M	-151M	-165.1M	-180.1M
Share repurchases	-1M	-6.4M	0	0	0	-27.2M	0	0	—	—
Financing cash flow	253.2M	107.3M	-140M	-30.9M	895.9M	117.8M	262.5M	59.7M	141.8M	102M
Net change in cash	314.7M	250.4M	189.2M	435.8M	211.8M	274.6M	593M	790.5M	544.1M	-575K
Free cash flow	-211.6M	-77.6M	20.3M	-331.8M	-256.7M	-233.7M	-274.9M	-61.9M	-143.9M	-239.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	37M	89.4M	120.8M	-11.6M	91.1M	131.3M	204.3M	-15.1M	15.1M	122.5M	218.9M	9.7M
Depreciation & amortization	39.3M	40.3M	40.1M	40.9M	45.3M	45.3M	48M	47M	48.5M	49.6M	50.1M	53.5M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	11.4M	-105.3M	103.3M	16.2M	-107.5M	-177.1M	161.7M	-27.7M	-661K	-190.5M	289.5M	-64.9M
Operating cash flow	91.2M	34.3M	277.5M	38.4M	52.2M	15.8M	426.4M	-28.9M	81.2M	26.7M	562.6M	-11.6M
Capital expenditure	—	—	—	—	—	—	—	-156.9M	-262.6M	-179.5M	-196.1M	-177.1M
Investing cash flow	0	—	—	—	—	132.5M	-18.9M	-154M	-262.3M	-179.5M	-196.1M	-177.1M
Dividends paid	-38M	-41M	-41.2M	-41.3M	-41.6M	-44.8M	-45M	-45.1M	-45.2M	-47.7M	-47.9M	-47.9M
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	198.6M	69.3M	-224.6M	206.6M	90.5M	29.2M	-337.3M	229.3M	180.8M	154.8M	-289.2M	142.9M
Net change in cash	289.8M	103.6M	52.9M	245M	142.7M	177.4M	70.2M	46.3M	-327K	1.9M	77.2M	-45.7M
Free cash flow	-69.6M	-68.2M	186.9M	-151.6M	-111M	-160.8M	308.8M	-185.8M	-181.4M	-152.8M	366.5M	-188.7M

Date	Ratio
Mar 4, 2015	2:1
Mar 4, 2008	3:2
Mar 4, 2002	3:2
Mar 3, 1987	2:1

New Jersey Resources Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history