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New Jersey Resources NJR NJNG — 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 NJNG — alternative revenue programs?
New Jersey Resources (NJR) reported NJNG — alternative revenue programs of -$24.3M in Q1 2026.
How has New Jersey Resources's NJNG — alternative revenue programs changed year-over-year?
New Jersey Resources's NJNG — alternative revenue programs decreased by 20.6% year-over-year, from -$20.15M to -$24.3M.
What is the long-term trend for New Jersey Resources's NJNG — alternative revenue programs?
Over 3 years (2021 to 2025), New Jersey Resources's NJNG — alternative revenue programs has grown at a 58.0% compound annual growth rate (CAGR), from -$7.28M to -$28.75M.
What does NJNG — alternative revenue programs mean?
Reflects revenue adjustments derived from regulatory mechanisms that decouple utility earnings from actual sales volumes. These programs are designed to stabilize utility income and support energy efficiency initiatives.

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