What is New Jersey Resources's net debt?

New Jersey Resources (NJR) reported net debt of $3.48B in Q1 2026.

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

New Jersey Resources's net debt increased by 7.0% year-over-year, from $3.25B to $3.48B.

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

Over 5 years (2020 to 2025), New Jersey Resources's net debt has grown at a 8.2% compound annual growth rate (CAGR), from $2.44B to $3.62B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

New Jersey Resources NJR Net debt

Discontinued — last reported Q2 '26

Net debt at other companies

SeaboardSEB

2×-0.4×

Sabra HealthcareSBRA

-0.2×-0.3×

TDS

Telephone and Data SystemsTDS

-0.2×-25.0×

Dolby Laboratories, Inc.DLB

-1.8×-0.2×

Hannon Armstrong Sustainable Infrastructure CapitalHASI

0.5×+0.4×

Moelis & CompanyMC

0.7×-0.1×

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%

CapEx$42.1M+118%

Free cash flow$572.6M+35.2%

Valuation

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Market cap$5.56B+12.6%

Enterprise value$9.04B+10.3%

P/E16.3×+4.4×

P/S2.6×+0.2×

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

See full

Return on equity13.3%-4.5pp

Debt / equity1.4×0.0×

Current ratio0.9×0.0×

Where this comes from

Calculated from New Jersey Resources’s reported figures.

$3.6Btotal debt−$126.4Mcash and equivalents=$3.48B

The official record: New Jersey Resources’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is New Jersey Resources's net debt?: New Jersey Resources (NJR) reported net debt of $3.48B in Q1 2026.
How has New Jersey Resources's net debt changed year-over-year?: New Jersey Resources's net debt increased by 7.0% year-over-year, from $3.25B to $3.48B.
What is the long-term trend for New Jersey Resources's net debt?: Over 5 years (2020 to 2025), New Jersey Resources's net debt has grown at a 8.2% compound annual growth rate (CAGR), from $2.44B to $3.62B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.