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New Jersey Resources NJR Construction work in progress

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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$5.56B+12.6%
Enterprise value$9.04B+10.3%
P/E16.3×+4.4×
P/S2.6×+0.2×

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:PublicUtilitiesPropertyPlantandEquipmentWorkinProgress.

The official record: New Jersey Resources’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is New Jersey Resources's construction work in progress?
New Jersey Resources (NJR) reported construction work in progress of $449.26M in Q1 2026.
How has New Jersey Resources's construction work in progress changed year-over-year?
New Jersey Resources's construction work in progress increased by 41.3% year-over-year, from $317.84M to $449.26M.
What is the long-term trend for New Jersey Resources's construction work in progress?
Over 5 years (2020 to 2025), New Jersey Resources's construction work in progress has grown at a 0.8% compound annual growth rate (CAGR), from $379.85M to $395.94M.
What does construction work in progress mean?
Represents the cumulative costs incurred for utility infrastructure projects that are currently under construction but not yet placed into service. This metric indicates the scale of capital investment in future capacity and infrastructure expansion. It serves as a leading indicator for future rate base growth once these assets become operational.