What is New Jersey Resources's capex?

New Jersey Resources (NJR) reported capex of $42.1M in Q4 2025.

How has New Jersey Resources's capex changed year-over-year?

New Jersey Resources's capex increased by 118.0% year-over-year, from $19.31M to $42.1M.

What is the long-term trend for New Jersey Resources's capex?

Over 2 years (2021 to 2025), New Jersey Resources's capex has grown at a -2.6% compound annual growth rate (CAGR), from $64.63M to $61.37M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

New Jersey Resources NJR CapEx

CapEx at other companies

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$92.41M-0.7%

OGS

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$156.53M-6.0%

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$1.77B+40.8%

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$1B+19.5%

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$3.02B+52.0%

CMS

CMS EnergyCMS

——

Other financials

Income statement

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Revenue$939.4M+2.9%

Operating income$301.0M+7.5%

Net income$218.9M+7.2%

EPS (diluted)$2.16+6.9%

Balance sheet

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Cash & equivalents$126.4M+49.3%

Total debt$3.6B+8.1%

Total equity$2.6B+6.9%

Total assets$7.9B+9.3%

Cash flow

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Operating cash flow$562.6M+33.0%

Free cash flow$572.6M+35.2%

Valuation

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Market cap$5.56B+12.6%

Profitability

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Gross margin32.2%—

Operating margin23.8%-6.1pp

Net margin15.7%-4.4pp

FCF margin27.8%+4.7pp

Returns & leverage

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Return on equity13.3%-4.5pp

Debt / equity1.4×0.0×

Current ratio0.9×0.0×

Where this comes from

Reported directly by New Jersey Resources in its filing.

Tagged under the XBRL concept us-gaap:CapitalExpendituresIncurredButNotYetPaid.

The official record: New Jersey Resources’s 10-Q, filed February 3, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is New Jersey Resources's capex?: New Jersey Resources (NJR) reported capex of $42.1M in Q4 2025.
How has New Jersey Resources's capex changed year-over-year?: New Jersey Resources's capex increased by 118.0% year-over-year, from $19.31M to $42.1M.
What is the long-term trend for New Jersey Resources's capex?: Over 2 years (2021 to 2025), New Jersey Resources's capex has grown at a -2.6% compound annual growth rate (CAGR), from $64.63M to $61.37M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.