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New Jersey Resources

NJR

New Jersey Resources (NJR) is a diversified energy services holding company primarily engaged in the regulated distribution of natural gas.

Market cap
$5.39B+20.3%
Revenue$2.2B+6.4%
Net income$366.2M-11.1%
EPS (diluted)$3.62-11.7%
Trailing twelve months · change vs. prior year

Earnings

Next report

Nov 18, 2026 (In 2 weeks)
Revenue estimate$340.2M
EPS estimate$0.11

Financials

Q3 2026

Income statement

See full
Revenue$349.2M+16.8%
Operating income$31.9M+3,103%
Net income$9.7M+164%
EPS (diluted)$0.10+167%

Balance sheet

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Cash & equivalents$35.1M+1,665%
Total debt$3.6B+1.9%
Total equity$2.6B+9.1%
Total assets$8.0B+10.3%

Cash flow

See full
CapEx$18.8M+98.0%

Valuation & ratios

Valuation

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Market cap$5.39B+20.3%
Enterprise value$8.96B+10.3%
P/E14.7×+1.3×
P/S2.4×+0.2×

Profitability

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Operating margin24.8%-4.5pp
Net margin16.4%-3.2pp

Returns & leverage

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Return on equity14.5%-3.6pp
Debt / equity1.4×-0.1×
Current ratio0.7×-0.1×

Segments

By product

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Natural gas utility sales$172.0M+2.3%
Natural gas services$49.4M+26.9%
Electricity sales$10.6M+53.3%
Service contracts$9.8M+4.0%
Renewable energy certificates$8.5M+70.6%

By segment

See full
NJNG$171.8M+2.3%
ES$80.0M+106%
S&T$31.4M+15.8%
CEV$19.0M+60.5%
Corporate and other$17.5M+10.3%

Competitors

Profile

New Jersey Resources (NJR) is a diversified energy services holding company primarily engaged in the regulated distribution of natural gas. The company also invests in and operates clean energy projects, manages natural gas storage and transportation assets, and provides wholesale energy management and retail home services. Its core value proposition centers on maintaining a stable regulated utility base while pursuing growth through unregulated midstream infrastructure and renewable energy investments.

Competitive position

NJR holds a dominant, non-exclusive franchise for natural gas distribution in specific New Jersey counties and is a significant player in the regional solar and midstream storage markets.

GeographiesUnited States, New Jersey, Pennsylvania, Mississippi
Customer segmentsB2C, B2B, Government and Institutional
Business modelRegulated Utility, Asset-heavy Infrastructure, Wholesale Trading and Marketing
SuppliersNatural Gas Producers, Interstate Pipeline Companies, Solar Component Manufacturers, Financial Derivative Counterparties
CustomersResidential Homeowners, Commercial Businesses, Electric Power Generators, Wholesale Energy Marketers
Listed1972
Employees1.4K
CEOStephen D. Westhoven
SectorUtilities
FilingsSEC EDGAR

FAQ

What is New Jersey Resources's market cap?
New Jersey Resources (NJR) has a market capitalization of $5.4B and trades on NYSE.
What is New Jersey Resources's revenue and profitability?
New Jersey Resources generated $2.2B in trailing twelve-month revenue with net income of $366.2M, representing a net margin of 16.4%. Gross margin stands at 32.2%. The latest reported period is Q3 2026.
Who are New Jersey Resources's competitors?
New Jersey Resources's key competitors include Public Service Enterprise Group, MDU Resources Group, Inc., Southwest Gas Holdings, Inc., and others. These companies compete in similar markets and product categories.
Who does New Jersey Resources partner with?
New Jersey Resources's notable partners include Enbridge Inc., Transcontinental Gas Pipe Line Company, LLC, Texas Eastern Transmission, LP, and others.
What subsidiaries does New Jersey Resources have?
New Jersey Resources's subsidiaries include New Jersey Natural Gas Company, NJR Clean Energy Ventures Corporation, NJR Energy Services Company, LLC, and others.
Where is New Jersey Resources headquartered?
New Jersey Resources is headquartered in United States of America and employs approximately 1,350 people. It has been publicly traded since 1972.