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New Jersey Resources NJR S&T — Regulatory rider expenses

Other segment segments

NJNG
$59.45M+22.6%
CEV
$0
ES
$0

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$3.13B+7.9%

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:UtilitiesOperatingExpenseOther.

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
Total operating revenues$939,401
Natural gas purchases276,567139,938461416,966
Operation and maintenance65,71510,5499,77012,22298,256
Regulatory rider expenses59,45059,450
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

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is New Jersey Resources's S&T — regulatory rider expenses?
New Jersey Resources (NJR) reported S&T — regulatory rider expenses of $0 in Q1 2026.
What does S&T — regulatory rider expenses mean?
Costs incurred by the segment that are specifically recoverable through regulatory rate mechanisms or riders. This metric highlights the portion of operational expenses that are passed through to customers under regulatory oversight. It serves as a measure of the segment's exposure to regulatory cost-recovery frameworks.

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