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New Jersey Resources NJR CEV — Revenues out of scope

Other segment segments

ES
$230.66M-1.6%
NJNG
$66.34M-39.2%
HSO
$0
S&T
$0

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CPFIncome from fiduciary activities — Out-of-Scope
$0

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$5.53B+18.3%
Enterprise value$9.01B+9.8%
P/E16.2×+4.8×
P/S2.5×+0.3×

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:RevenueNotFromContractWithCustomer.

The source filing: New Jersey Resources’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q1 2026
Accession
0000356309-26-000029
(Thousands)NJNGCEVESS&THSOTotal
Revenues from contracts with customers574,5848,88313,49129,43414,958641,350
Alternative revenue programs (3)(24,299)(24,299)
Derivative instruments90,6371,049230,664322,350
Revenues out of scope66,3381,049230,664298,051
Total operating revenues$640,9229,932244,15529,43414,958$939,401
2025
Natural gas utility sales (1)$509,451$509,451
Natural gas services11,89025,30737,197

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is New Jersey Resources's CEV — revenues out of scope?
New Jersey Resources (NJR) reported CEV — revenues out of scope of $1.05M in Q1 2026.
How has New Jersey Resources's CEV — revenues out of scope changed year-over-year?
New Jersey Resources's CEV — revenues out of scope increased by 682.8% year-over-year, from $134K to $1.05M.
What is the long-term trend for New Jersey Resources's CEV — revenues out of scope?
Over 4 years (2021 to 2025), New Jersey Resources's CEV — revenues out of scope has grown at a 0.8% compound annual growth rate (CAGR), from $65.43M to $67.69M.
What does CEV — revenues out of scope mean?
Includes revenue streams that are not governed by standard customer contract accounting rules, such as those related to financial derivatives or specific regulatory adjustments. This metric helps distinguish between core operational revenue and other financial gains or losses. It is critical for understanding the composition of the segment's total reported income.

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