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New Jersey Resources NJR Q1 2025 earnings

Reported February 3, 2025 · After market close

Revenue$488.4MMiss by $207.6M
EPS$1.29Beat by $0.15
Revenue estimate$696.0M
EPS estimate$1.14

Next report

Aug 3, 2026 (In 5 days)
Revenue estimate$342.1M
EPS estimate$0.06

Financials

Q1 2025

Income statement

See full
Revenue$488.4M+4.5%
Operating income$189.6M+39.6%
Net income$131.3M+46.9%
EPS (diluted)$1.31+44.0%

Balance sheet

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Cash & equivalents$2.6M-25.3%
Total debt$3.5B+10.3%
Total equity$2.3B+11.9%
Total assets$7.2B+6.6%

Cash flow

See full
Operating cash flow-$9.0M-119%
CapEx$19.3M+44.8%
Free cash flow-$28.3M-185%

Valuation & ratios

Valuation

as of 12/31/24
See full
Market cap$4.65B+6.7%
Enterprise value$8.18B+8.2%
P/E14×-4.3×
P/S2.6×0.0×

Profitability

See full
Operating margin28.2%+6.5pp
Net margin18.2%+4.3pp
FCF margin18.9%-16.2pp

Returns & leverage

See full
Return on equity15.1%+3.2pp
Debt / equity1.5×0.0×
Current ratio0.9×+0.2×

Segments

By segment

See full
NJNG$296.1M+15.0%
ES$86.3M-14.4%
S&T$26.6M+14.7%
HSO$15.6M+5.4%
Corporate and other$15.3M

By product

See full
Natural gas utility sales$296.4M+14.9%
Natural gas services$38.6M-3.9%
Service contracts$9.2M+3.3%
Installations and maintenance$6.6M+11.3%
Electricity sales$5.8M-13.2%

Versus estimates

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Questions, answered.

When did New Jersey Resources report Q1 2025 earnings?
New Jersey Resources (NJR) reported Q1 2025 earnings on February 3, 2025 after market close.
What were New Jersey Resources's Q1 2025 revenue and EPS?
New Jersey Resources reported revenue of $488.4M and eps of $1.29 for Q1 2025.
Did New Jersey Resources beat estimates in Q1 2025?
Revenue missed the consensus estimate of $696.0M by $207.6M. EPS beat the consensus estimate of $1.14 by $0.15.
Where can I find New Jersey Resources's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0000356309-25-000024) directly on SEC EDGAR. The filing index links above go to sec.gov.