New Jersey Resources Corporation NJR R2K

Utilities · Utilities - Regulated Gas · United States

https://www.njresources.com

New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to residential and commercial customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates clean energy projects, including commercial and residential solar installation situated in New Jersey, Rhode Island, New York, Connecticut, Michigan, Indiana, and Pennsylvania. The Energy Services segment maintains and transacts natural gas transportation and storage capacity contracts, as well as provides physical wholesale energy, retail energy and energy management services. The Storage and Transportation segment invests in energy-related ventures. It provides home services and other operations, such as heating, ventilation, and cooling services; sales and installation of appliances; electrical and generator service and installations; and plumbing repair and installation services, as well as holds commercial real estate properties. The company also offers shared administrative and financial services; and natural gas storage and transmission assets services. New Jersey Resources Corporation was founded in 1922 and is headquartered in Wall, New Jersey.

Market & Price

Market Cap

$5.58B

Current Price

$55.25

High / Low (52W)

$58.19 / $42.92

Beta

0.53

Valuation

Stock P/E

16.39

Industry PE

19.80

Forward P/E

15.99

PEG Ratio

2.20

Book Value

$26.26

Price to Book

2.10

P/S

2.56

EV/EBITDA

12.94

Dividend Yield

3.44%

Profitability & Returns

ROCE

8.17%

ROE

13.32%

ROA

4.25%

Profit Margin

15.67%

Op Margin

32.04%

EPS (Latest Qtr)

$2.16

EPS (TTM)

$3.37

Balance Sheet & Liquidity

Debt/Equity

1.42

Quick Ratio

0.62

Current Ratio

0.94

Debt

$3.76B

Total Assets

$7.58B

Current Assets

$569.88M

Working Capital

$-210.98M

Ownership

Promoter Holding

0.50%

Chg in Prom Hold

FII / Inst Holding

79.06%

Chg in FII Hold

-0.00%

Financial Snapshot

Enterprise Value

$9.22B

Total Revenue (TTM)

$2.18B

EBITDA

$712.11M

Free Cash Flow

$-306.03M

Operating Cash Flow

$641.61M

Shares Outstanding

100.92M

Gross Margin

38.26%

Payout Ratio

55.64%

Growth (CAGR)

Revenue 5Y

-11.18%

Profit 5Y

6.88%

Revenue (YoY)

2.90%

Earnings (YoY)

6.90%

PROS

Attractive dividend yield of 3.44%.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Revenue declined at -11.2% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Utilities).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	NJR New Jersey Resources Corporation R2K	55.25	16.39	$5.58B	3.44%	8.17%	13.32%	-11.18%	6.88%
2	NEE NextEra Energy, Inc. SPX	87.01	22.08	$181.47B	2.86%	4.79%	10.32%	9.36%	18.12%
3	SO The Southern Company SPX	92.05	23.54	$103.77B	3.30%	5.93%	10.99%	0.31%	7.09%
4	DUK Duke Energy Corporation SPX	122.73	18.88	$95.68B	3.47%	5.35%	9.66%	3.87%	24.90%
5	AEP American Electric Power Company, Inc. NDXSPX	126.67	18.74	$68.92B	3.00%	5.68%	12.58%	3.66%	15.77%
6	D Dominion Energy, Inc. SPX	66.94	19.75	$58.87B	3.99%	5.34%	9.79%	5.80%	36.03%
7	SRE Sempra SPX	89.13	30.32	$58.26B	2.95%	3.04%	5.69%	-1.73%	-4.95%
8	VST Vistra Corp. SPXAI	160.23	26.79	$54.03B	0.57%	7.08%	42.90%	8.92%	58.98%
9	ETR Entergy Corporation SPX	109.05	27.89	$49.93B	2.35%	5.63%	10.75%	-2.02%	17.36%

Quarterly Results

Figures in USD.

Metric	Jun 2015	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Dec 2021	Mar 2022	Jun 2022	Dec 2022	Mar 2023	Jun 2023	Dec 2023	Mar 2024	Jun 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	224.15M	317.15M	136.77M	-	252.13M	303.40M	157.02M	-	225.73M	339.38M	155.39M	284.09M	432.64M	243.64M	364.55M	384.43M	199.31M	321.19M	433.17M	209.89M	358.95M	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	-9.31M	6.26M	59.45M	93.93M	-28.33M	42.48M	41.48M	139.65M	17.97M	-32.05M	76.20M	178.74M	-36.72M	-18.34M	88.74M	77.00M	-4.02M	-7.79M	104.62M	98.48M	-16.85M	39.86M	111.48M	201.21M	-27.46M	156.88M	138.88M	29.81M	172.79M	165.18M	4.73M	135.82M	170.22M	5.94M	189.58M	279.26M	-1.61M	38.30M	179.21M	301.03M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	344.92M	56.98M	95.46M	240.14M	367.45M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32.53M	31.69M	30.48M	35.68M	34.98M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	264.43M	-21.72M	16.50M	154.89M	282.35M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	61.59M	-5.14M	3.12M	34.23M	66.18M
Net Income	-7.46M	4.20M	50.28M	73.35M	-17.36M	25.40M	34.93M	114.70M	18.96M	-36.52M	123.70M	140.27M	-14.27M	-16.25M	86.25M	73.57M	-8.40M	18.09M	75.75M	73.85M	-19.30M	43.27M	81.05M	149.81M	-111.83M	111.31M	96.03M	13.05M	115.92M	110.25M	1.53M	89.41M	120.81M	-11.57M	131.32M	204.29M	-15.05M	15.07M	122.49M	218.91M
Diluted EPS	-0.09	0.05	0.58	0.84	-0.20	0.29	0.40	1.32	0.22	-0.42	1.42	1.59	-0.16	-0.18	0.97	0.82	-0.09	0.20	0.82	0.77	-0.20	0.45	0.84	1.55	-1.16	1.16	1.00	0.14	1.19	1.13	0.02	0.91	1.22	-0.12	1.31	2.02	-0.15	0.15	1.21	2.16

Profit & Loss (Annual)

Figures in USD.

Metric	Sep 2008	Sep 2009	Sep 2010	Sep 2011	Sep 2012	Sep 2013	Sep 2014	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Revenue	-	-	-	-	-	-	-	-	-	-	-	782.33M	833.68M	-	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
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	188.69M	203.48M	226.89M	275.97M
Operating Income	193.34M	48.07M	188.12M	143.00M	108.69M	159.23M	201.19M	248.45M	167.53M	171.22M	199.88M	164.56M	228.91M	-	406.48M	407.00M	458.10M	450.67M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	558.02M	586.02M	666.22M	743.88M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85.83M	123.01M	130.28M	128.59M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	342.94M	310.07M	369.38M	426.52M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	76.19M	49.27M	84.91M	96.96M
Net Income	109.17M	27.24M	117.46M	101.30M	92.88M	114.81M	141.97M	180.96M	131.67M	132.06M	233.44M	123.94M	163.01M	-	274.92M	264.72M	289.77M	335.63M
Diluted EPS	2.59	0.64	2.82	2.44	2.23	1.37	1.67	2.10	1.52	1.52	2.64	1.38	1.71	-	2.85	2.71	2.92	3.33

Compounded Sales Growth

5 Years:	-11.18%
1 Year:	2.90%

Compounded Profit Growth

5 Years:	6.88%
1 Year:	6.90%

Stock Price Performance

1 Year:	+25.24%
6 Months:	+17.63%
3 Months:	+2.76%
1 Month:	-0.27%

Balance Sheet (Annual)

Figures in USD.

Metric	Sep 2007	Sep 2008	Sep 2009	Sep 2010	Sep 2011	Sep 2012	Sep 2013	Sep 2014	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Assets	-	-	2.32B	2.56B	2.65B	2.77B	3.00B	3.13B	3.28B	3.72B	3.93B	4.14B	4.16B	5.32B	-	6.26B	6.54B	6.98B	7.58B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	756.09M	532.08M	554.60M	569.88M
Cash & Equivalents	5.14M	42.63M	36.19M	943.00K	7.44M	4.51M	2.97M	2.15M	4.93M	37.55M	2.23M	1.46M	2.68M	117.01M	-	1.11M	954.00K	1.02M	591.00K
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	293.97M	226.52M	237.61M	259.26M
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	222.30M	97.54M	105.53M	109.37M
Total Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4.44B	4.55B	4.78B	5.19B
Current Liabilities	-	-	563.89M	705.80M	703.38M	653.14M	851.83M	791.09M	436.10M	571.61M	802.92M	750.98M	446.38M	533.72M	-	1.10B	806.60M	887.77M	780.86M
Long Term Debt	-	-	455.49M	428.93M	-	-	-	-	-	-	-	-	-	-	-	2.49B	2.77B	2.88B	3.25B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.13B	3.29B	3.52B	3.77B
Total Equity	-	728.07M	689.73M	725.48M	776.26M	813.87M	887.38M	966.17M	1.11B	1.17B	1.24B	1.29B	1.38B	1.64B	-	1.82B	1.99B	2.20B	2.39B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	96.86M	97.60M	99.48M	100.50M

Cash Flows (Annual)

Figures in USD.

Metric	Sep 2008	Sep 2009	Sep 2010	Sep 2011	Sep 2012	Sep 2013	Sep 2014	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Operating Cash Flow	-	-	-	-	-	-	358.15M	390.95M	142.63M	248.05M	398.29M	194.13M	213.48M	-	323.48M	478.99M	427.41M	466.35M
Investing Cash Flow	-103.94M	-121.28M	-101.40M	-175.08M	-217.12M	-193.63M	-282.60M	-321.73M	-363.19M	-391.98M	-373.09M	-287.38M	-994.02M	-	-590.61M	-538.62M	-569.07M	-568.27M
Financing Cash Flow	9.06M	-152.40M	-73.25M	-68.53M	163.10M	78.10M	-76.37M	-66.44M	253.18M	107.30M	-25.95M	95.60M	895.90M	-	262.54M	59.70M	141.76M	101.96M
Capital Expenditure	-72.33M	-75.11M	-86.62M	-93.62M	-104.28M	-110.48M	-128.25M	-140.80M	-176.07M	-144.11M	-206.88M	-300.03M	-	-	-598.43M	-540.92M	-571.32M	-706.08M
Free Cash Flow	-	-	-	-	-	-	229.90M	250.15M	-33.44M	103.94M	191.41M	-105.90M	-	-	-274.95M	-61.93M	-143.91M	-239.73M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4.59M	65.00K	95.00K	37.00K
Share Buybacks	11.04M	30.67M	29.65M	10.19M	8.77M	26.61M	5.52M	10.59M	1.01M	6.36M	0	0	0	27.22M	0	0	-	-

Ratios (Annual)

Figures in %.

Metric	Sep 2008	Sep 2009	Sep 2010	Sep 2011	Sep 2012	Sep 2013	Sep 2014	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20.5%	31.1%	38.1%	35.7%
Operating Margin %	-	-	-	-	-	-	-	-	-	-	-	21.0%	27.5%	-	14.0%	20.7%	25.5%	22.1%
Net Margin %	-	-	-	-	-	-	-	-	-	-	-	15.8%	19.6%	-	9.5%	13.5%	16.1%	16.5%
ROE %	15.0%	3.9%	16.2%	13.0%	11.4%	12.9%	14.7%	16.3%	11.3%	10.7%	18.0%	9.0%	9.9%	-	15.1%	13.3%	13.2%	14.0%
ROCE %	-	2.7%	10.1%	7.3%	5.1%	7.4%	8.6%	8.7%	5.3%	5.5%	5.9%	4.4%	4.8%	-	7.9%	7.1%	7.5%	6.6%

Shareholding Pattern

Insiders

0.50%

Institutions

79.06%

Public Float

79.46%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	17.22%	17.38M	$960.35M
2	Vanguard Portfolio Management LLC	5.82%	5.87M	$324.46M
3	State Street Corporation	5.03%	5.08M	$280.41M
4	Vanguard Capital Management LLC	4.46%	4.50M	$248.75M
5	Dimensional Fund Advisors LP	4.10%	4.14M	$228.81M
6	Geode Capital Management, LLC	2.58%	2.60M	$143.73M
7	Wells Fargo & Company	2.45%	2.47M	$136.39M
8	Neuberger Berman Group, LLC	1.50%	1.51M	$83.64M
9	Energy Income Partners, LLC	1.40%	1.42M	$78.23M
10	Morgan Stanley	1.29%	1.30M	$72.10M

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for NJR

No recent headlines available.

NJR · Utilities