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New Jersey Resources NJR Q2 2025 earnings

Reported May 5, 2025 · After market close

Revenue$913.0MBeat by $621.0M
EPS$1.76Beat by $0.11
Revenue estimate$292.0M
EPS estimate$1.65

Next report

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

Financials

Q2 2025

Income statement

See full
Revenue$913.0M+38.8%
Operating income$279.9M+64.5%
Net income$204.3M+69.1%
EPS (diluted)$2.02+65.6%

Balance sheet

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Cash & equivalents$84.7M+1,374%
Total debt$3.3B+7.2%
Total equity$2.5B+13.7%
Total assets$7.3B+9.3%

Cash flow

See full
Operating cash flow$423.0M+44.8%
CapEx--100%
Free cash flow$423.4M+47.0%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$4.92B+17.2%
Enterprise value$8.17B+11.9%
P/E11.9×-5.0×
P/S2.4×-0.1×

Profitability

See full
Operating margin30%+8.2pp
Net margin20%+5.6pp
FCF margin23.1%-3.4pp

Returns & leverage

See full
Return on equity17.8%+5.9pp
Debt / equity1.3×-0.1×
Current ratio0.9×+0.2×

Segments

By segment

See full
NJNG$509.1M+37.4%
ES$246.4M+65.8%
S&T$25.3M+13.1%
HSO$15.0M+1.8%
Corporate and other$14.7M

By product

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Natural gas utility sales$509.5M+37.3%
Natural gas services$37.2M-5.1%
Service contracts$9.3M+2.2%
Installations and maintenance$5.8M+0.2%
Electricity sales$5.0M-24.2%

Versus estimates

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Questions, answered.

When did New Jersey Resources report Q2 2025 earnings?
New Jersey Resources (NJR) reported Q2 2025 earnings on May 5, 2025 after market close.
What were New Jersey Resources's Q2 2025 revenue and EPS?
New Jersey Resources reported revenue of $913.0M and eps of $1.76 for Q2 2025.
Did New Jersey Resources beat estimates in Q2 2025?
Revenue beat the consensus estimate of $292.0M by $621.0M. EPS beat the consensus estimate of $1.65 by $0.11.
How did New Jersey Resources's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 38.0% from $661.6M a year earlier and eps grew 24.8% from $1.41.
Where can I find New Jersey Resources's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0000356309-25-000031) directly on SEC EDGAR. The filing index links above go to sec.gov.