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New Jersey Resources NJR HSO — Alternative revenue programs

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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 njr:AlternativeRevenueProgramsRevenue.

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
Electricity sales5,5035,503
Eliminations (2)(238)(238)
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

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is New Jersey Resources's HSO — alternative revenue programs?
New Jersey Resources (NJR) reported HSO — alternative revenue programs of $0 in Q1 2026.
What does HSO — alternative revenue programs mean?
This metric captures revenue derived from non-traditional or regulatory-approved alternative revenue programs specific to the Home Services and Other segment. These programs often include mechanisms that decouple revenue from volumetric sales to support specific business or policy objectives. It serves as an indicator of the segment's ability to generate income outside of standard service-based contracts.

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