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New Jersey Resources NJR ES — Interest expense, net of capitalized interest

Other segment segments

NJNG
$19.18M+11.1%
CEV
$8.17M+37.6%
S&T
$5.45M-6.3%

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MURUnited States — Interest expense, net of capitalization
$100K

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:InterestExpenseNonoperating.

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&TTotal
Depreciation and amortization37,5097,121435,16949,842
Interest income (2)648212,0022,671
Other segment income (expense) (3)6,8038,859171(139)15,694
Interest expense, net of capitalized interest19,1808,1723,1245,44835,924
Income tax provision (benefit)41,677(1,828)21,7372,57164,157
Equity in earnings of affiliates2,2822,282
Net income attributable to reportable segments$148,513(5,223)69,7357,708$220,733
Reconciliation to consolidated net income

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is New Jersey Resources's ES — interest expense, net of capitalized interest?
New Jersey Resources (NJR) reported ES — interest expense, net of capitalized interest of $3.12M in Q1 2026.
How has New Jersey Resources's ES — interest expense, net of capitalized interest changed year-over-year?
New Jersey Resources's ES — interest expense, net of capitalized interest decreased by 4.2% year-over-year, from $3.26M to $3.12M.
What is the long-term trend for New Jersey Resources's ES — interest expense, net of capitalized interest?
Over 4 years (2021 to 2025), New Jersey Resources's ES — interest expense, net of capitalized interest has grown at a 56.1% compound annual growth rate (CAGR), from $2.2M to $13.1M.
What does ES — interest expense, net of capitalized interest mean?
Represents the net financing costs incurred by the Energy Services segment after accounting for interest capitalized during asset construction. This metric is a primary indicator of the segment's debt service burden and financial leverage.

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