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New Jersey Resources NJR Natural gas services — Revenues from contracts with customers

Other product segments

Natural gas utility sales
$574.82M+12.8%
Service contracts
$9.53M+2.8%
Electricity sales
$5.5M+10.8%
Installations and maintenance
$5.43M-7.1%
Renewable energy certificates
$3.38M+17.9%

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$5.47M-9.3%
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$66.58M-0.6%
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MDUNatural gas distribution — Revenues from contracts with customers
$462.35M-14.3%
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MTDROil and natural gas revenues — Revenues from contracts with customers
$1.09B+33.3%

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$5.62B+20.4%
Enterprise value$9.1B+10.9%
P/E16.5×+5.1×
P/S2.6×+0.4×

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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
2026
Natural gas utility sales (1)$574,822$574,822
Natural gas services13,49129,43442,925
Service contracts9,5289,528
Installations and maintenance5,4305,430
Renewable energy certificates3,3803,380
Electricity sales5,5035,503
Eliminations (2)(238)(238)

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is New Jersey Resources's natural gas services — revenues from contracts with customers?
New Jersey Resources (NJR) reported natural gas services — revenues from contracts with customers of $42.93M in Q1 2026.
How has New Jersey Resources's natural gas services — revenues from contracts with customers changed year-over-year?
New Jersey Resources's natural gas services — revenues from contracts with customers increased by 15.4% year-over-year, from $37.2M to $42.93M.
What is the long-term trend for New Jersey Resources's natural gas services — revenues from contracts with customers?
Over 4 years (2021 to 2025), New Jersey Resources's natural gas services — revenues from contracts with customers has grown at a 18.6% compound annual growth rate (CAGR), from $77.95M to $154.07M.
What does natural gas services — revenues from contracts with customers mean?
This metric represents the total revenue generated from wholesale natural gas transactions and related services provided to customers. It reflects the top-line performance of the company's natural gas marketing and trading operations. Tracking this figure helps investors assess the scale and volatility of the company's exposure to wholesale energy markets.

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