NYSE : NJR
New Jersey Resources Corporation — Financial statements
Utilities · Utilities - Regulated Gas · United States
Last price 53.21 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.40B
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Financial statements
New Jersey Resources Corporation (NJR) reported revenue of 2.23B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.23B | 2.04B | 1.80B | 1.96B | 2.91B | 2.16B |
| Fuel & Purchased Power | 953.63M | 899.27M | 716.90M | 978.94M | 1.95B | 1.35B |
| Operations & Maintenance | 384.63M | 380.27M | 367.14M | 348.39M | 336.52M | 349.65M |
| Selling, General & Admin | 13.04M | 12.45M | 11.47M | 10.46M | 10.52M | 10.11M |
| Depreciation & Amortization | 201.73M | 188.77M | 166.57M | 152.94M | 129.25M | 111.39M |
| Other Operating Expenses | 126.06M | 104.98M | 76.36M | 65.26M | 74.26M | 45.45M |
| Total Operating Expenses | 1.68B | 1.59B | 1.34B | 1.56B | 2.50B | 1.87B |
| Operating Income | 550.42M | 450.67M | 458.10M | 407.00M | 406.48M | 288.35M |
| Interest Expense | -136.33M | -128.59M | -130.28M | -123.01M | -85.83M | -78.56M |
| Interest Income | 11.29M | 12.54M | 13.07M | 9.79M | 2.72M | 2.17M |
| Net Interest Expense | -125.05M | -116.05M | -117.20M | -113.22M | -83.11M | -76.39M |
| Income (Loss) on Equity Investments | 7.83M | 6.07M | 5.30M | 3.93M | 8.18M | -83.21M |
| Other Non-Operating Income (Expenses) | 37.72M | 33.70M | 28.48M | 16.29M | 19.58M | 22.43M |
| EBT Excluding Unusual Items | 470.93M | 374.38M | 374.68M | 314.00M | 351.12M | 151.18M |
| Gain (Loss) on Sale of Assets | 2.11M | 58.20M | ||||
| Pretax Income | 473.04M | 432.58M | 374.68M | 314.00M | 351.12M | 151.18M |
| Income Tax Expense | 106.88M | 96.96M | 84.91M | 49.27M | 76.19M | 33.29M |
| Net Income | 366.16M | 335.63M | 289.77M | 264.72M | 274.92M | 117.89M |
| Net Income to Common | 366.16M | 335.63M | 289.77M | 264.72M | 274.92M | 117.89M |
| Shares Outstanding (Basic) | 100.78M | 100.24M | 98.63M | 97.03M | 96.10M | 96.23M |
| Shares Outstanding (Diluted) | 101.32M | 100.79M | 99.29M | 97.63M | 96.49M | 96.56M |
| EPS (Basic) | 3.63 | 3.35 | 2.94 | 2.73 | 2.86 | 1.23 |
| EPS (Diluted) | 3.62 | 3.33 | 2.92 | 2.71 | 2.85 | 1.22 |
| Free Cash Flow | -112.71M | -193.70M | -95.53M | -21.37M | -235.66M | -183.34M |
| Free Cash Flow Per Share | -1.11 | -1.92 | -0.96 | -0.22 | -2.44 | -1.90 |
| Dividend Per Share | 1.90 | 1.82 | 1.71 | 1.59 | 1.48 | 1.36 |
| Profit Margin | 16.42% | 16.48% | 16.13% | 13.49% | 9.46% | 5.47% |
| Free Cash Flow Margin | -5.05% | -9.51% | -5.32% | -1.09% | -8.11% | -8.50% |
| EBITDA | 752.15M | 639.44M | 624.80M | 562.21M | 538.28M | 404.34M |
| EBITDA Margin | 33.74% | 31.40% | 34.78% | 28.64% | 18.52% | 18.75% |
| D&A For EBITDA | 201.73M | 188.77M | 166.69M | 155.21M | 131.81M | 115.99M |
| EBIT | 550.42M | 450.67M | 458.10M | 407.00M | 406.48M | 288.35M |
| EBIT Margin | 24.69% | 22.13% | 25.50% | 20.73% | 13.99% | 13.37% |
| Effective Tax Rate | 22.59% | 22.41% | 22.66% | 15.69% | 21.70% | 22.02% |
| Revenue as Reported | 2.23B | 2.04B | 1.80B | 1.96B | 2.91B | 2.16B |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 33.95M | 591.00K | 1.02M | 954.00K | 1.11M | 4.75M |
| Accounts Receivable | 201.97M | 122.19M | 117.12M | 105.60M | 216.69M | 198.54M |
| Inventory | 200.24M | 259.26M | 237.61M | 226.52M | 293.97M | 213.17M |
| Prepaid Expenses | 91.60M | 77.99M | 78.82M | 52.79M | 63.07M | 59.38M |
| Loans Receivable Current | 25.60M | 21.50M | 18.10M | 15.10M | 14.50M | 14.20M |
| Other Current Assets | 66.01M | 88.35M | 101.93M | 131.11M | 166.75M | 144.24M |
| Total Current Assets | 619.37M | 569.88M | 554.60M | 532.08M | 756.09M | 634.27M |
| Property, Plant & Equipment | 6.43B | 6.00B | 5.59B | 5.20B | 4.82B | 4.39B |
| Regulatory Assets | 650.11M | 672.52M | 609.19M | 584.83M | 500.67M | 522.10M |
| Other Intangible Assets | 11.04M | 11.15M | 10.52M | 8.38M | 8.47M | 10.61M |
| Long-Term Investments | 101.38M | 101.24M | 101.74M | 104.13M | 106.57M | 114.53M |
| Long-Term Loans Receivable | 125.40M | 111.90M | 53.60M | 39.00M | 34.70M | 32.30M |
| Long-Term Deferred Tax Assets | 21.29M | 20.82M | 20.75M | 28.38M | 2.93M | |
| Other Long-Term Assets | 62.29M | 95.57M | 43.53M | 42.90M | 33.55M | 21.02M |
| Total Assets | 8.02B | 7.58B | 6.98B | 6.54B | 6.26B | 5.72B |
| Accounts Payable | 235.96M | 267.07M | 226.75M | 203.07M | 391.63M | 392.19M |
| Accrued Expenses | 640.00K | 641.00K | 875.00K | 859.00K | 851.00K | 861.00K |
| Short-Term Debt | 220.00M | 195.60M | 291.80M | 252.10M | 423.95M | 377.30M |
| Current Portion of Long-Term Debt | 278.52M | 152.62M | 181.47M | 107.68M | 68.53M | 67.45M |
| Current Unearned Revenue | 20.10M | 22.61M | 21.57M | 61.40M | 35.55M | 1.75M |
| Current Portion of Leases | 9.90M | 9.96M | 12.48M | 13.25M | 11.10M | 9.69M |
| Current Income Taxes Payable | 15.92M | 11.72M | 10.59M | 10.09M | 5.13M | 3.36M |
| Other Current Liabilities | 155.68M | 120.64M | 142.24M | 158.16M | 167.41M | 198.81M |
| Total Current Liabilities | 936.71M | 780.86M | 887.77M | 806.60M | 1.10B | 1.05B |
| Long-Term Debt | 3.19B | 3.24B | 2.86B | 2.75B | 2.46B | 2.15B |
| Long-Term Leases | 178.72M | 169.50M | 175.33M | 170.90M | 162.13M | 156.10M |
| Long-Term Unearned Revenue | 37.02M | 17.58M | 3.10M | 659.00K | 753.00K | 847.00K |
| Pension & Post-Retirement Benefits | 110.80M | 108.83M | 64.61M | 102.53M | 82.87M | 169.27M |
| Long-Term Deferred Tax Liabilities | 498.46M | 440.29M | 360.94M | 287.86M | 241.64M | 166.54M |
| Other Long-Term Liabilities | 426.41M | 430.03M | 426.02M | 433.07M | 391.01M | 399.82M |
| Total Liabilities | 5.38B | 5.19B | 4.78B | 4.55B | 4.44B | 4.09B |
| Common Stock | 253.04M | 250.71M | 248.16M | 243.46M | 241.62M | 240.64M |
| Additional Paid-In Capital | 722.61M | 676.63M | 633.81M | 558.65M | 519.70M | 502.58M |
| Retained Earnings | 1.66B | 1.45B | 1.30B | 1.18B | 1.07B | 934.61M |
| Treasury Stock | -6.80M | -12.45M | ||||
| Comprehensive Income & Other | 9.18M | 12.96M | 19.70M | 10.79M | -4.83M | -34.53M |
| Shareholders' Equity | 2.64B | 2.39B | 2.20B | 1.99B | 1.82B | 1.63B |
| Total Liabilities & Equity | 8.02B | 7.58B | 6.98B | 6.54B | 6.26B | 5.72B |
| Total Debt | 3.88B | 3.77B | 3.52B | 3.29B | 3.13B | 2.76B |
| Net Cash (Debt) | -3.85B | -3.77B | -3.52B | -3.29B | -3.13B | -2.75B |
| Net Cash Per Share | -37.96 | -37.38 | -35.49 | -33.68 | -32.40 | -28.51 |
| Filing Date Shares Outstanding | 101.47M | 100.74M | 99.77M | 97.71M | 96.39M | 95.95M |
| Total Common Shares Outstanding | 101.41M | 100.48M | 99.46M | 97.58M | 96.25M | 95.71M |
| Working Capital | -317.35M | -210.98M | -333.18M | -274.53M | -348.07M | -417.14M |
| Book Value Per Share | 26.07 | 23.80 | 22.12 | 20.40 | 18.88 | 17.04 |
| Tangible Book Value | 2.63B | 2.38B | 2.19B | 1.98B | 1.81B | 1.62B |
| Tangible Book Value Per Share | 25.96 | 23.69 | 22.02 | 20.31 | 18.79 | 16.93 |
| Machinery | 6.89B | 6.41B | 6.06B | 5.61B | 5.15B | 4.45B |
| Construction In Progress | 595.37M | 547.35M | 440.16M | 380.20M | 361.77M | 547.54M |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 366.16M | 335.63M | 289.77M | 264.72M | 274.92M | 117.89M |
| Depreciation & Amortization | 201.73M | 188.77M | 166.69M | 155.21M | 131.81M | 115.99M |
| Loss (Gain) on Sale of Assets | -2.11M | -58.20M | ||||
| Loss (Gain) on Sale of Investments | 92.00M | |||||
| Loss (Gain) on Equity Investments | -246.00K | -3.05M | ||||
| Change in Accounts Receivable | -26.54M | -15.10M | -12.74M | 112.63M | -16.66M | -81.37M |
| Change in Inventory | 10.92M | -21.65M | -11.09M | 67.44M | -80.80M | -25.26M |
| Change in Accounts Payable | 14.32M | 11.03M | 21.89M | -176.23M | 32.08M | 104.65M |
| Change in Income Taxes | -27.82M | 1.05M | -23.52M | 16.41M | -1.52M | -3.45M |
| Change in Unearned Revenue | -3.42M | 1.03M | -39.83M | 934.00K | 33.80M | -1.76M |
| Change in Other Net Operating Assets | 68.31M | -10.73M | -23.73M | 70.72M | -34.62M | 27.68M |
| Other Operating Activities | 51.91M | 26.42M | 59.94M | -33.84M | -17.79M | 28.80M |
| Operating Cash Flow | 658.96M | 466.35M | 427.41M | 478.99M | 323.48M | 390.95M |
| Capital Expenditures | -771.66M | -660.05M | -522.93M | -500.36M | -559.13M | -574.29M |
| Sale of Property, Plant & Equipment | 248.00K | 137.19M | ||||
| Investment in Securities | -13.00K | 612.00K | 2.25M | 2.29M | 7.82M | 2.49M |
| Other Investing Activities | -43.69M | -46.03M | -48.38M | -40.55M | -39.29M | -50.32M |
| Investing Cash Flow | -815.12M | -568.27M | -569.07M | -538.62M | -590.61M | -622.12M |
| Short-Term Debt Issued | 39.70M | 150.00M | 251.95M | |||
| Long-Term Debt Issued | 562.88M | 323.51M | 401.23M | 401.37M | 17.67M | |
| Total Debt Issued | 491.04M | 562.88M | 363.21M | 401.23M | 551.37M | 269.62M |
| Short-Term Debt Repaid | -96.20M | -171.85M | -103.35M | |||
| Long-Term Debt Repaid | -206.92M | -125.07M | -71.93M | -68.34M | -18.01M | |
| Total Debt Repaid | -147.05M | -303.12M | -125.07M | -243.78M | -171.69M | -18.01M |
| Net Debt Issued (Repaid) | 343.99M | 259.76M | 238.14M | 157.45M | 379.68M | 251.62M |
| Issuance of Common Stock | 41.82M | 34.83M | 74.41M | 57.80M | 14.74M | 15.11M |
| Repurchase of Common Stock | -7.87M | -12.57M | -5.72M | -4.58M | -4.18M | -29.16M |
| Common Dividends Paid | -188.65M | -180.07M | -165.06M | -150.97M | -127.70M | -116.96M |
| Other Financing Activities | -2.82M | |||||
| Financing Cash Flow | 189.29M | 101.96M | 141.76M | 59.70M | 262.54M | 117.78M |
| Net Cash Flow | 33.12M | 37.00K | 95.00K | 65.00K | -4.59M | -113.38M |
| Free Cash Flow | -112.71M | -193.70M | -95.53M | -21.37M | -235.66M | -183.34M |
| Free Cash Flow Margin | -5.05% | -9.51% | -5.32% | -1.09% | -8.11% | -8.50% |
| Free Cash Flow Per Share | -1.11 | -1.92 | -0.96 | -0.22 | -2.44 | -1.90 |
| Levered Free Cash Flow | -259.44M | -247.25M | -189.33M | -96.08M | -333.95M | -221.68M |
| Unlevered Free Cash Flow | -174.23M | -166.88M | -107.91M | -19.20M | -280.30M | -172.58M |
| Cash Interest Paid | 139.67M | 130.33M | 120.24M | 108.19M | 84.38M | 78.65M |
| Cash Income Tax Paid | 32.85M | 9.88M | 21.31M | 4.28M | 4.25M | 6.38M |
| Change in Working Capital | 35.79M | -34.37M | -89.01M | 91.91M | -67.72M | 20.49M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.47B | 4.84B | 4.68B | 3.96B | 3.72B | 3.36B |
| Enterprise Value | 9.32B | 8.39B | 8.07B | 7.14B | 6.76B | 5.89B |
| PE Ratio | 14.91 | 14.41 | 16.15 | 14.97 | 13.55 | 28.48 |
| PS Ratio | 2.44 | 2.38 | 2.60 | 2.02 | 1.28 | 1.56 |
| PB Ratio | 2.04 | 2.02 | 2.13 | 1.99 | 2.05 | 2.06 |
| P/OCF Ratio | 8.25 | 10.37 | 10.95 | 8.28 | 11.51 | 8.59 |
| EV/Sales Ratio | 4.16 | 4.12 | 4.49 | 3.64 | 2.33 | 2.73 |
| EV/EBITDA Ratio | 12.34 | 13.13 | 12.91 | 12.70 | 12.56 | 14.56 |
| EV/EBIT Ratio | 16.86 | 18.62 | 17.61 | 17.55 | 16.63 | 20.42 |
| Debt / Equity Ratio | 1.47 | 1.57 | 1.60 | 1.65 | 1.72 | 1.69 |
| Debt / EBITDA Ratio | 5.07 | 5.78 | 5.54 | 5.74 | 5.70 | 6.65 |
| Net Debt / Equity Ratio | 1.46 | 1.57 | 1.60 | 1.65 | 1.72 | 1.69 |
| Net Debt / EBITDA Ratio | 5.11 | 5.89 | 5.64 | 5.85 | 5.81 | 6.81 |
| Net Debt / FCF Ratio | -34.12 | -19.45 | -36.88 | -153.86 | -13.27 | -15.02 |
| Quick Ratio | 0.25 | 0.16 | 0.13 | 0.13 | 0.20 | 0.19 |
| Current Ratio | 0.66 | 0.73 | 0.62 | 0.66 | 0.69 | 0.60 |
| Asset Turnover | 0.29 | 0.28 | 0.27 | 0.31 | 0.48 | 0.39 |
| Return on Equity (ROE) | 14.45% | 14.62% | 13.83% | 13.90% | 15.95% | 7.20% |
| Return on Assets (ROA) | 4.50% | 3.87% | 4.24% | 3.98% | 4.24% | 3.26% |
| Return on Capital Employed (ROCE) | 7.80% | 6.60% | 7.50% | 7.10% | 7.90% | 6.20% |
| Earnings Yield | 6.71% | 6.94% | 6.19% | 6.68% | 7.38% | 3.51% |
| FCF Yield | -2.07% | -4.00% | -2.04% | -0.54% | -6.33% | -5.46% |
| Dividend Yield | 3.71% | 3.79% | 3.63% | 3.91% | 3.82% | 3.88% |
| Payout Ratio | 55.32% | 53.65% | 56.96% | 57.03% | 46.45% | 99.21% |
| Buyback Yield / Dilution | -0.83% | -1.51% | -1.70% | -1.18% | 0.07% | -1.53% |
| Total Shareholder Return | 2.89% | 2.28% | 1.93% | 2.73% | 3.89% | 2.35% |