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NewJersey Resources Corporation

NewJersey Resources Corporation

NJR · NYSE · Utilities / Utilities - Regulated Gas

55.59USD+0.61 (+1.11%)

Price History

Full chart

Market Stats

Previous Close54.98
Open55.36
Day Range55.03 – 55.68
52-Week Range41.86 – 60.28
Volume510.37K
Market Cap5.11B
P/E (TTM)14.04
Forward P/E14.86
EPS3.59
Dividend Yield3.95%
Beta0.51
50-Day Avg54.96
200-Day Avg53.80

About

New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to residential and commercial customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates clean energy projects, including commercial and residential solar installation situated in New Jersey, Rhode Island, New York, Connecticut, Michigan, Indiana, and Pennsylvania. The Energy Services segment maintains and transacts natural gas transportation and storage capacity contracts, as well as provides physical wholesale energy, retail energy and energy management services. The Storage and Transportation segment invests in energy-related ventures. It provides home services and other operations, such as heating, ventilation, and cooling services; sales and installation of appliances; electrical and generator service and installations; and plumbing repair and installation services, as well as holds commercial real estate properties. The company also offers shared administrative and financial services; and natural gas storage and transmission assets services. New Jersey Resources Corporation was founded in 1922 and is headquartered in Wall, New Jersey.

Company Details

  • SectorUtilities
  • IndustryUtilities - Regulated Gas
  • CEOMr. Stephen D. Westhoven
  • Employees1.30K
  • Headquarters1415 Wyckoff Road, Wall, NJ, United States, 07719, USA
  • Websitehttps://www.njresources.com

Leadership

  • Mr. Stephen D. WesthovenPresident, CEO & Director · b. 1968
  • Mr. Roberto F. BelSenior VP, CFO & Principal Financial Officer · b. 1973
  • Mr. Richard Reich J.D.Senior VP & General Counsel · b. 1975
  • Mr. Patrick J. MigliaccioSenior VP & COO of New Jersey Natural Gas · b. 1974
  • Ms. Amy CradicSenior VP and COO of Non-Utility Businesses, Strategy & External Affairs · b. 1972
  • Ms. Jacqueline K. SheaSenior VP & Chief Information Officer · b. 1964
  • Mr. Adam PriorDirector of Investor Relations
  • Mr. David JohnsonVice President of Corporate Business Development · b. 1968
  • Ms. Marissa Brooks TravalineVice President of Customer Service, Marketing & Energy Efficiency · b. 1984
  • Ms. Lori DelGiudiceSenior Vice President of Human Resources · b. 1976

Financials

Income Statement

Currency: USD1986-09-301987-09-301988-09-301989-09-301990-09-301991-09-301992-09-301993-09-301994-09-301995-09-301996-09-301997-09-301998-09-301999-09-302000-09-302001-09-302002-09-302003-09-302004-09-302005-09-302006-09-302007-09-302008-09-302009-09-302010-09-302011-09-302012-09-302013-09-302014-09-302015-09-302016-09-302017-09-302018-09-302019-09-302020-09-302021-09-302022-09-302023-09-302024-09-302025-09-30
Total Revenue253.10M269.20M295.40M329.90M324.80M334.90M412.30M454.70M454.70M454.60M548.50M696.50M710.30M904.27M1.16B2.05B1.83B2.54B2.53B3.15B3.27B3.02B3.82B2.59B2.64B2.97B2.26B3.20B3.79B2.70B1.85B2.26B2.92B2.60B1.95B2.13B2.91B1.93B1.78B2.03B
Growth (%)-+6.36%+9.73%+11.68%-1.55%+3.11%+23.11%+10.28%0.00%-0.02%+20.66%+26.98%+1.98%+27.31%+28.78%+75.90%-10.63%+38.98%-0.42%+24.26%+3.91%-7.63%+26.29%-32.07%+1.81%+12.44%-23.98%+41.70%+18.46%-28.67%-31.60%+22.29%+29.42%-11.17%-24.84%+8.92%+37.05%-33.80%-7.51%+13.94%
Cost of Revenue---------251.10M328.00M465.60M483.70M669.84M919.90M1.78B1.57B2.24B2.36B2.95B2.82B2.83B3.55B2.47B2.39B2.80B2.19B3.00B3.28B2.51B1.67B2.05B2.64B2.43B1.78B1.83B2.52B1.63B1.35B1.60B
Gross Profit253.10M269.20M295.40M329.90M324.80M334.90M412.30M-454.70M203.50M220.50M230.90M226.60M234.43M244.65M265.57M265.04M305.99M177.13M194.58M447.02M189.75M267.05M122.82M244.95M168.79M68.50M193.41M511.98M196.20M175.99M209.90M285.54M171.66M172.20M301.05M397.07M299.83M436.70M435.78M
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%-100.00%44.76%40.20%33.15%31.90%25.93%21.01%12.96%14.48%12.03%6.99%6.18%13.67%6.28%7.00%4.74%9.28%5.69%3.04%6.05%13.52%7.26%9.52%9.29%9.76%6.61%8.82%14.16%13.62%15.54%24.47%21.43%
Operating Expense0000000-0128.20M142.20M148.80M142.70M146.92M150.73M165.75M160.66M184.63M49.91M56.21M58.63M62.50M65.60M74.75M56.82M66.91M45.79M57.41M57.34M53.26M40.22M49.37M52.10M11.19M000000
Operating Income253.10M269.20M295.40M329.90M324.80M334.90M412.30M454.70M454.70M75.30M78.30M82.10M83.90M87.52M93.91M99.81M104.38M121.35M127.22M138.37M388.38M127.25M201.45M48.07M188.13M101.88M22.71M136.00M454.63M142.94M135.77M160.54M233.44M160.47M172.20M301.05M397.07M299.83M436.70M435.78M
Operating Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%16.56%14.28%11.79%11.81%9.68%8.06%4.87%5.70%4.77%5.02%4.40%11.87%4.21%5.28%1.85%7.13%3.43%1.01%4.25%12.00%5.29%7.35%7.10%7.98%6.18%8.82%14.16%13.62%15.54%24.47%21.43%
EBITDA253.10M269.20M295.40M329.90M324.80M334.90M412.30M30.50M482.30M104.20M105.10M108.40M112.10M120.08M130.57M136.50M139.02M156.21M167.16M171.31M428.16M168.08M245.19M83.62M226.57M140.41M154.24M213.22M263.50M318.66M250.69M264.87M318.75M266.45M370.36M433.52M565.01M594.06M666.35M743.88M
EBITDA Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%6.71%106.07%22.92%19.16%15.56%15.78%13.28%11.21%6.66%7.59%6.14%6.60%5.44%13.09%5.56%6.42%3.23%8.58%4.73%6.84%6.67%6.96%11.80%13.57%11.72%10.90%10.26%18.97%20.39%19.39%30.79%37.34%36.59%
Net Income5.90M11.20M17.00M17.40M13.90M12.40M25.90M30.50M30.50M26.40M38.70M41.50M43.30M44.92M48.79M52.32M56.84M65.41M71.57M76.34M221.91M65.28M113.91M27.24M117.46M101.30M92.88M114.81M141.97M180.96M131.67M132.06M233.44M169.50M163.01M117.89M274.92M264.72M289.77M335.63M
Net Income Margin2.33%4.16%5.75%5.27%4.28%3.70%6.28%6.71%6.71%5.81%7.06%5.96%6.10%4.97%4.19%2.55%3.10%2.57%2.82%2.42%6.78%2.16%2.98%1.05%4.45%3.41%4.12%3.59%3.75%6.70%7.13%5.84%7.98%6.53%8.35%5.54%9.43%13.72%16.24%16.51%
R&D------------------------000000000-------
R&D as % of Total Revenue------------------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense00000000000000000000027.61M25.81M21.01M21.25M19.62M20.84M23.98M25.46M27.72M31.04M44.89M46.29M47.08M67.60M78.56M85.83M123.01M130.28M128.59M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.91%0.68%0.81%0.81%0.66%0.92%0.75%0.67%1.03%1.68%1.99%1.58%1.81%3.46%3.69%2.94%6.38%7.30%6.32%

Balance Sheet

Currency: USD1986-09-301987-09-301988-09-301989-09-301990-09-301991-09-301992-09-301993-09-301994-09-301995-09-301996-09-301997-09-301998-09-301999-09-302000-09-302001-09-302002-09-302003-09-302004-09-302005-09-302006-09-302007-09-302008-09-302009-09-302010-09-302011-09-302012-09-302013-09-302014-09-302015-09-302016-09-302017-09-302018-09-302019-09-302020-09-302021-09-302022-09-302023-09-302024-09-302025-09-30
Total Assets--------797.30M826.40M855.20M879.10M943.00M960.01M1.09B1.19B1.32B1.57B1.86B2.21B2.40B2.23B2.63B2.32B2.56B2.65B2.77B3.00B3.16B3.34B3.73B3.93B4.14B4.37B5.32B5.72B6.26B6.54B6.98B7.58B
Total Liabilities--------525.10M546.50M560.40M579.90M631.60M657.32M758.51M839.83M957.56M1.15B1.39B1.89B1.78B1.59B1.90B1.63B1.84B1.87B1.96B2.12B2.19B2.23B2.55B2.69B2.72B2.82B3.67B4.09B4.44B4.55B4.78B5.19B
Total Equity--------272.20M279.90M294.80M299.20M311.40M302.69M328.53M352.37M361.75M418.94M467.92M438.05M621.66M644.80M726.96M689.73M725.48M776.26M813.87M887.38M966.17M1.11B1.17B1.24B1.42B1.55B1.64B1.63B1.82B1.99B2.20B2.39B
Cash--------2.00M1.10M10.80M5.50M2.50M2.12M1.90M4.04M1.28M1.84M5.04M25.01M35.82M17.48M83.90M62.44M20.18M30.04M4.51M2.97M29.49M17.92M85.19M28.05M55.18M76.40M186.46M77.59M95.37M21.75M14.26M9.51M
Total Debt--------365.60M371.00M339.90M339.50M389.40M369.74M335.32M440.13M457.47M446.15M603.32M494.56M616.77M644.00M693.44M605.40M607.78M593.72M812.73M947.13M933.71M921.08M1.25B1.43B1.46B1.58B2.51B2.76B3.13B3.29B3.52B3.77B
Net Debt--------363.60M369.90M329.10M334.00M386.90M367.62M333.42M436.08M456.19M444.31M598.28M469.55M657.79M626.52M609.53M542.97M587.60M563.69M808.22M944.16M990.78M941.49M1.15B1.40B1.40B1.51B2.33B2.68B3.03B3.27B3.51B3.76B

Cash Flow

Currency: USD1994-09-301995-09-301996-09-301997-09-301998-09-301999-09-302000-09-302001-09-302002-09-302003-09-302004-09-302005-09-302006-09-302007-09-302008-09-302009-09-302010-09-302011-09-302012-09-302013-09-302014-09-302015-09-302016-09-302017-09-302018-09-302019-09-302020-09-302021-09-302022-09-302023-09-302024-09-302025-09-30
Operating Cash Flow41.40M78.30M57.80M67.20M21.10M117.23M126.44M-30.18M49.77M92.14M-49.00M206.99M-22.99M122.41M132.37M267.24M139.41M250.10M51.08M113.99M356.79M387.92M142.63M248.05M398.29M194.13M213.48M390.95M323.48M478.99M427.41M466.35M
Investing Cash Flow-60.80M-63.50M35.80M-36.40M-42.00M-45.33M-55.71M-47.64M-22.82M-56.53M-86.46M-27.18M-71.05M-118.72M-103.94M-121.28M-101.40M-175.08M-217.12M-193.63M-282.60M-321.73M-363.19M-390.66M-373.10M-287.38M-994.02M-622.12M-590.61M-538.63M-569.07M-568.27M
Financing Cash Flow19.80M-15.70M-83.90M-36.10M18.00M-72.26M-70.95M79.97M-29.71M-35.05M138.66M-159.85M74.02M-3.54M9.06M-152.40M-73.25M-68.53M163.10M78.10M-75.01M-63.41M253.18M107.30M-25.95M95.60M895.90M117.78M262.54M59.70M141.76M101.96M
Capital Expenditure58.60M53.80M56.10M47.00M44.50M48.87M51.14M51.72M43.24M53.27M78.66M60.90M58.79M63.52M73.45M75.50M90.18M169.16M206.18M196.21M288.11M319.88M354.20M325.65M377.94M498.05M470.17M624.61M598.43M540.92M571.32M706.08M
Free Cash Flow-17.20M24.50M1.70M20.20M-23.40M68.36M75.30M-81.90M6.53M38.87M-127.66M146.09M-81.79M58.88M58.92M191.75M49.24M80.94M-155.10M-82.21M68.68M68.04M-211.57M-77.60M20.34M-308.70M-256.69M-233.66M-274.95M-61.93M-143.91M-239.73M
Dividends Paid28.60M26.60M27.70M28.70M29.10M29.83M30.27M30.99M32.01M33.24M35.27M37.16M39.45M41.87M45.20M50.97M53.14M58.65M61.69M67.23M70.66M76.53M82.44M87.99M95.83M104.06M117.80M116.96M127.70M150.97M165.06M180.07M
FCF to OCF-41.55%31.29%2.94%30.06%-110.90%58.31%59.55%271.33%13.12%42.19%260.52%70.58%355.70%48.10%44.51%71.75%35.32%32.36%-303.64%-72.12%19.25%17.54%-148.33%-31.29%5.11%-159.02%-120.24%-59.77%-85.00%-12.93%-33.67%-51.41%
Dividend Paid to FCF-166.28%108.57%1629.41%142.08%-124.36%43.63%40.20%-37.84%490.46%85.53%-27.63%25.44%-48.23%71.11%76.71%26.58%107.92%72.46%-39.77%-81.77%102.89%112.48%-38.97%-113.38%471.12%-33.71%-45.89%-50.06%-46.45%-243.80%-114.70%-75.11%

Earnings

Report DateMay 1, 1996Jul 25, 1996Oct 28, 1996Jan 31, 1997Apr 30, 1997Jul 29, 1997Oct 29, 1997Jan 28, 1998Apr 29, 1998Aug 19, 1998Oct 28, 1998Jan 27, 1999Apr 22, 1999Jul 22, 1999Oct 27, 1999Jan 19, 2000Apr 19, 2000Jul 19, 2000Oct 27, 2000Feb 2, 2001Apr 25, 2001Jul 25, 2001Oct 25, 2001Jan 23, 2002Apr 24, 2002Jul 24, 2002Oct 30, 2002Jan 28, 2003Apr 24, 2003Jul 24, 2003Oct 28, 2003Jan 28, 2004Apr 28, 2004Jul 28, 2004Oct 27, 2004Jan 26, 2005Apr 27, 2005Jul 27, 2005Oct 27, 2005Feb 6, 2006May 3, 2006Aug 2, 2006Nov 1, 2006Feb 7, 2007Apr 26, 2007Aug 1, 2007Nov 15, 2007Feb 6, 2008Apr 30, 2008Jul 30, 2008Nov 13, 2008Feb 4, 2009Apr 29, 2009Jul 29, 2009Dec 1, 2009Feb 3, 2010May 5, 2010Aug 4, 2010Nov 23, 2010Feb 2, 2011May 4, 2011Aug 3, 2011Nov 23, 2011Feb 7, 2012May 3, 2012Aug 9, 2012Nov 29, 2012Feb 7, 2013May 2, 2013Aug 7, 2013Nov 25, 2013Feb 6, 2014May 7, 2014Jul 31, 2014Nov 25, 2014Feb 4, 2015May 7, 2015Jul 31, 2015Nov 24, 2015Feb 3, 2016May 4, 2016Aug 2, 2016Nov 17, 2016Feb 8, 2017May 5, 2017Aug 2, 2017Nov 21, 2017Feb 8, 2018May 4, 2018Aug 7, 2018Nov 20, 2018Feb 6, 2019May 3, 2019Aug 6, 2019Nov 19, 2019Feb 6, 2020May 8, 2020Aug 7, 2020Nov 30, 2020Feb 4, 2021May 6, 2021Aug 5, 2021Nov 18, 2021Feb 3, 2022May 5, 2022Aug 4, 2022Nov 17, 2022Feb 2, 2023May 4, 2023Aug 3, 2023Nov 21, 2023Feb 6, 2024May 7, 2024Aug 6, 2024Nov 19, 2024Feb 3, 2025May 5, 2025Aug 4, 2025Nov 19, 2025Feb 2, 2026May 4, 2026Aug 3, 2026Nov 18, 2026
EPS Estimate0.330.02-0.050.160.350.03-0.030.170.360.04-0.040.190.380.04-0.040.200.390.04-0.040.220.410.05-0.030.230.430.06-0.020.260.450.04-0.050.290.500.03-0.050.300.610.03-0.050.310.59--0.150.410.73-0.11-0.190.341.02-0.06-0.200.430.990.01-0.060.410.850.100.010.410.820.120.030.370.790.04-0.130.490.810.11-0.010.451.36-0.05-0.260.500.950.05-0.080.560.910.140.020.620.990.09-0.130.590.970.05-0.440.701.220.120.290.771.430.100.570.461.18-0.120.110.681.250.060.450.721.19-0.050.350.721.22-0.050.871.061.62-0.030.191.001.900.060.12
EPS Actual0.330.03-0.060.160.350.03-0.050.180.360.04-0.050.190.380.04-0.050.200.400.04-0.040.240.410.05-0.030.240.430.06-0.030.280.500.05-0.040.290.610.02-0.060.300.610.02-0.060.410.71-0.05-0.140.340.96-0.06-0.150.360.93-0.05-0.190.390.850.02-0.060.330.770.14-0.010.350.810.120.010.550.890.05-0.130.430.820.12-0.010.481.790.05-0.230.651.150.03-0.060.580.910.13-0.020.471.210.20-0.140.891.62-0.09-0.330.611.27-0.200.290.441.12-0.060.570.461.77-0.150.070.691.36-0.040.501.141.160.100.300.741.41-0.090.891.291.780.060.161.172.200.11-
Surprise0.00%50.00%-20.00%0.00%0.00%0.00%-66.67%5.88%0.00%0.00%-25.00%0.00%0.00%0.00%-25.00%0.00%2.56%0.00%0.00%9.09%0.00%0.00%0.00%4.35%0.00%0.00%-50.00%7.69%11.11%25.00%20.00%0.00%22.00%-33.33%-20.00%0.00%0.00%-33.33%-20.00%32.26%20.34%-6.67%-17.07%31.51%45.45%21.05%5.88%-8.82%16.67%5.00%-9.30%-14.14%100.00%0.00%-19.51%-9.41%40.00%-200.00%-14.63%-1.22%0.00%-66.67%48.65%12.66%25.00%0.00%-12.24%1.23%9.09%0.00%6.67%31.62%200.00%11.54%30.00%21.05%-40.00%25.00%3.57%0.00%-7.14%-200.00%-24.19%22.22%122.22%-7.69%50.85%67.01%-280.00%25.00%-12.86%4.10%-266.67%0.00%-42.86%-21.68%-160.00%0.00%0.00%50.00%-25.00%-36.36%1.47%8.80%-166.67%11.11%58.33%-2.52%300.00%-14.29%2.78%15.57%-80.00%2.88%21.70%9.88%300.00%-15.21%17.00%15.79%83.33%-
Timing----Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-------------Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-market-Pre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-

Key Statistics & Ratios

Market Cap5.11B
Enterprise Value9.20B
Trailing P/E14.04
Forward P/E14.86
PEG Ratio2.22
Price / Sales2.29
Price / Book2.02
EPS3.59
Book Value26.07
Revenue (TTM)2.23B
Gross Profit (TTM)873.48M
EBITDA752.15M
Profit Margin16.42%
Operating Margin9.13%
Return on Equity14.45%
Return on Assets4.50%
Shares Outstanding101.47M
Shares Float100.88M
Beta0.51
Dividend Yield3.95%
Dividend Rate2.00
Payout Ratio52.88%

Analyst Ratings

Buy
Based on 8 analystsTarget 59.86
  • Strong Buy
    3
  • Buy
    1
  • Hold
    4

Ownership Breakdown

Institutions
81.77%
Insiders
0.48%
Retail / Other
17.75%

Top Institutional Holders

  • BlackRock Inc
    17.38M17.13%
  • Vanguard Portfolio Management, LLC
    5.87M5.79%
  • State Street Corp
    5.08M5.00%
  • Vanguard Capital Management, LLC
    4.50M4.44%
  • Dimensional Fund Advisors, Inc.
    4.31M4.25%
  • Geode Capital Management, LLC
    2.60M2.56%
  • Wells Fargo & Co
    2.47M2.43%
  • Neuberger Berman Group LLC
    1.51M1.49%
  • Energy Income Partners, LLC
    1.40M1.38%
  • Morgan Stanley - Brokerage Accounts
    1.30M1.29%
  • Northern Trust Corp
    1.30M1.28%
  • NORGES BANK
    1.25M1.23%
  • Charles Schwab Investment Management Inc
    1.20M1.18%
  • AQR Capital Management LLC
    1.16M1.15%

Top Fund Holders

  • iShares Core S&P Mid-Cap ETF
    3.53M3.48%
  • Vanguard MStar Total Stk Mkt Idx Invest
    3.21M3.17%
  • iShares Russell 2000 ETF
    2.64M2.60%
  • Vanguard Small Cap Index
    2.32M2.29%
  • iShares Select Dividend ETF
    1.94M1.92%
  • Vanguard MStar Small Cap Value Index
    1.47M1.45%

Dividends

20263×
0.50Sep 24, 20260.47Jun 10, 20260.47Mar 11, 2026
20254×
0.47Dec 12, 20250.47Sep 22, 20250.45Jun 10, 20250.45Mar 11, 2025
20244×
0.45Dec 11, 20240.45Sep 23, 20240.42Jun 12, 20240.42Mar 12, 2024
20234×
0.42Dec 12, 20230.42Sep 19, 20230.39Jun 13, 20230.39Mar 14, 2023
20224×
0.39Dec 13, 20220.39Sep 23, 20220.36Jun 14, 20220.36Mar 15, 2022
20214×
0.36Dec 14, 20210.36Sep 17, 20210.33Jun 15, 20210.33Mar 16, 2021
20201×
0.33Dec 15, 2020

Stock Splits

  • Mar 4, 20152:1
  • Mar 4, 20083:2
  • Mar 4, 20023:2
  • Mar 3, 19872:1