What is New Jersey Resources's CEV — unbilled revenues?

New Jersey Resources (NJR) reported CEV — unbilled revenues of $8.44M in Q1 2026.

How has New Jersey Resources's CEV — unbilled revenues changed year-over-year?

New Jersey Resources's CEV — unbilled revenues increased by 107.5% year-over-year, from $4.07M to $8.44M.

What does CEV — unbilled revenues mean?

Reflects revenue earned from energy services provided but not yet invoiced to the customer as of the reporting date. This accrual-based metric is essential for matching revenue to the period in which the service was performed. High levels of unbilled revenue may indicate timing differences in the billing process or specific contract structures.

New Jersey Resources (NJR) CEV — Unbilled revenues

Screener

Other segment segments

NJNG

$70.57M+1.5%

$0—

S&T

$0—

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RGNXNippon Shinyaku Services — Unbilled Receivables Current

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VEEVProfessional services and other — Unbilled accounts receivable

$45M+12.5%

ASPIConstruction — Contract With Customer Asset Gross Current

$486K—

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

See full

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

See full

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

See full

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

Reported directly by New Jersey Resources in its filing.

Tagged under the XBRL concept us-gaap:UnbilledReceivablesCurrent.

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) / March 31, 2026	NJNG	CEV	ES	S&T	HSO	Total
Customer accounts receivable
Billed	$247,580	5,640	28,513	7,793	1,526	$291,052
Unbilled	70,568	8,443	—	—	—	79,011
Customers' credit balances and deposits	(22,915)	—	—	(29)	—	(22,944)
Total	$295,233	14,083	28,513	7,764	1,526	$347,119
September 30, 2025
Customer accounts receivable
Billed	$75,789	6,818	17,483	8,172	1,104	$109,366

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is New Jersey Resources's CEV — unbilled revenues?: New Jersey Resources (NJR) reported CEV — unbilled revenues of $8.44M in Q1 2026.
How has New Jersey Resources's CEV — unbilled revenues changed year-over-year?: New Jersey Resources's CEV — unbilled revenues increased by 107.5% year-over-year, from $4.07M to $8.44M.
What does CEV — unbilled revenues mean?: Reflects revenue earned from energy services provided but not yet invoiced to the customer as of the reporting date. This accrual-based metric is essential for matching revenue to the period in which the service was performed. High levels of unbilled revenue may indicate timing differences in the billing process or specific contract structures.