What is New Jersey Resources's S&T — unbilled revenues?

New Jersey Resources (NJR) reported S&T — unbilled revenues of $0 in Q1 2026.

What does S&T — unbilled revenues mean?

Captures the value of services provided to customers that have not yet been formally invoiced as of the reporting date. This metric represents accrued income and is a key component of working capital. Significant fluctuations may indicate changes in billing cycles or operational delays in the revenue recognition process.

New Jersey Resources (NJR) S&T — Unbilled revenues

Screener

Other segment segments

NJNG

$70.57M+1.5%

CEV

$8.44M+107%

$0—

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VEEVProfessional services and other — Unbilled accounts receivable

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ASPIConstruction — Contract With Customer Asset Gross Current

$486K—

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:UnbilledReceivablesCurrent.

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) / March 31, 2026	NJNG	CEV	ES	S&T	HSO	Total
Customer accounts receivable
Billed	$247,580	5,640	28,513	7,793	1,526	$291,052
Unbilled	70,568	8,443	—	—	—	79,011
Customers' credit balances and deposits	(22,915)	—	—	(29)	—	(22,944)
Total	$295,233	14,083	28,513	7,764	1,526	$347,119
September 30, 2025
Customer accounts receivable
Billed	$75,789	6,818	17,483	8,172	1,104	$109,366

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is New Jersey Resources's S&T — unbilled revenues?: New Jersey Resources (NJR) reported S&T — unbilled revenues of $0 in Q1 2026.
What does S&T — unbilled revenues mean?: Captures the value of services provided to customers that have not yet been formally invoiced as of the reporting date. This metric represents accrued income and is a key component of working capital. Significant fluctuations may indicate changes in billing cycles or operational delays in the revenue recognition process.