New Jersey Resources Corporation

NYSE:NJR Stock Report

Market Cap: US$4.9b

New Jersey Resources Past Earnings Performance

Past criteria checks 3/6

New Jersey Resources has been growing earnings at an average annual rate of 18.2%, while the Gas Utilities industry saw earnings growing at 5.6% annually. Revenues have been declining at an average rate of 2.6% per year. New Jersey Resources's return on equity is 14%, and it has net margins of 16.5%.

Key information

18.16%

Earnings growth rate

17.16%

EPS growth rate

Gas Utilities Industry Growth10.04%
Revenue growth rate-2.59%
Return on equity14.03%
Net Margin16.48%
Last Earnings Update30 Sep 2025

Recent past performance updates

Impressive Earnings May Not Tell The Whole Story For New Jersey Resources (NYSE:NJR)

Aug 13
Impressive Earnings May Not Tell The Whole Story For New Jersey Resources (NYSE:NJR)

Recent updates

New Jersey Resources: 30 Years Of Dividend Growth Faces A New Regulatory Era

Nov 17

We Like These Underlying Return On Capital Trends At New Jersey Resources (NYSE:NJR)

Nov 03
We Like These Underlying Return On Capital Trends At New Jersey Resources (NYSE:NJR)

Is New Jersey Resources Corporation (NYSE:NJR) Expensive For A Reason? A Look At Its Intrinsic Value

Sep 10
Is New Jersey Resources Corporation (NYSE:NJR) Expensive For A Reason? A Look At Its Intrinsic Value

Impressive Earnings May Not Tell The Whole Story For New Jersey Resources (NYSE:NJR)

Aug 13
Impressive Earnings May Not Tell The Whole Story For New Jersey Resources (NYSE:NJR)

New Jersey Resources (NYSE:NJR) Is Doing The Right Things To Multiply Its Share Price

Jul 10
New Jersey Resources (NYSE:NJR) Is Doing The Right Things To Multiply Its Share Price

Here's Why We Think New Jersey Resources (NYSE:NJR) Might Deserve Your Attention Today

Jun 24
Here's Why We Think New Jersey Resources (NYSE:NJR) Might Deserve Your Attention Today

New Jersey Resources Corporation's (NYSE:NJR) Prospects Need A Boost To Lift Shares

Apr 30
New Jersey Resources Corporation's (NYSE:NJR) Prospects Need A Boost To Lift Shares

Is New Jersey Resources (NYSE:NJR) A Risky Investment?

Apr 01
Is New Jersey Resources (NYSE:NJR) A Risky Investment?

New Jersey Resources (NYSE:NJR) Might Have The Makings Of A Multi-Bagger

Mar 19
New Jersey Resources (NYSE:NJR) Might Have The Makings Of A Multi-Bagger

With EPS Growth And More, New Jersey Resources (NYSE:NJR) Makes An Interesting Case

Mar 05
With EPS Growth And More, New Jersey Resources (NYSE:NJR) Makes An Interesting Case

Increases to CEO Compensation Might Be Put On Hold For Now at New Jersey Resources Corporation (NYSE:NJR)

Jan 14
Increases to CEO Compensation Might Be Put On Hold For Now at New Jersey Resources Corporation (NYSE:NJR)

New Jersey Resources Corporation's (NYSE:NJR) Intrinsic Value Is Potentially 30% Above Its Share Price

Dec 25
New Jersey Resources Corporation's (NYSE:NJR) Intrinsic Value Is Potentially 30% Above Its Share Price

New Jersey Resources' (NYSE:NJR) Dividend Will Be $0.45

Dec 10
New Jersey Resources' (NYSE:NJR) Dividend Will Be $0.45

New Jersey Resources Corporation Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

Nov 29
New Jersey Resources Corporation Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

New Jersey Resources: Still A Buy After Its Recent Dividend Hike

Oct 11
User avatar

NJR's Tactical Shift To Clean Energy And Efficiency Aims For Robust Growth And Stability

Anticipated resolution of rate case by end of 2024 may stabilize the regulatory environment and improve financial stability, enhancing investor confidence.

New Jersey Resources: This Dividend Champion Looks Like A Buy Right Now

Jul 10

New Jersey Resources Corporation: Fantastic Dividend Payer Likely To Stay That Way

Feb 15

New Jersey Resources: Waiting For That Valuation "HOLD"

Nov 03

Revenue & Expenses Breakdown

How New Jersey Resources makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:NJR Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 252,036336120
30 Jun 252,096412120
31 Mar 252,073415120
31 Dec 241,818332120
30 Sep 241,797290110
30 Jun 241,732236110
31 Mar 241,721249110
31 Dec 231,707238110
30 Sep 231,963265100
30 Jun 232,397282100
31 Mar 232,685294100
31 Dec 222,954280110
30 Sep 222,906275110
30 Jun 222,673219110
31 Mar 222,48894110
31 Dec 212,378148100
30 Sep 212,157118100
30 Jun 212,024152130
31 Mar 211,95624480
31 Dec 201,79316880
30 Sep 201,95416300
30 Jun 202,03314820
31 Mar 202,16915950
31 Dec 192,39515930
30 Sep 192,59212400
30 Jun 192,76013510
31 Mar 192,86912920
31 Dec 183,02219640
30 Sep 182,91523300
30 Jun 182,80421330
31 Mar 182,71824620
31 Dec 172,43322100
30 Sep 172,26913240
30 Jun 172,20119400
31 Mar 172,13715800
31 Dec 161,97811600
30 Sep 161,88113200
30 Jun 161,85011000
31 Mar 161,91512000
31 Dec 152,35410800
30 Sep 152,73418100
30 Jun 152,88815200
31 Mar 153,11714600
31 Dec 143,68425800

Quality Earnings: NJR has high quality earnings.

Growing Profit Margin: NJR's current net profit margins (16.5%) are higher than last year (16.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: NJR's earnings have grown by 18.2% per year over the past 5 years.

Accelerating Growth: NJR's earnings growth over the past year (15.8%) is below its 5-year average (18.2% per year).

Earnings vs Industry: NJR earnings growth over the past year (15.8%) did not outperform the Gas Utilities industry 22.1%.

Return on Equity

High ROE: NJR's Return on Equity (14%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/25 13:14
End of Day Share Price 2025/11/25 00:00
Earnings2025/09/30
Annual Earnings2025/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

New Jersey Resources Corporation is covered by 16 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gary HovisArgus Research Company
Jim HarmonBarclays
Richard GrossBarclays