NewJersey Resources Corporation NJR
- Market cap
- $5.2B
- P/E
- 13.9×
Follow NJR
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30.46 | 33.70 | 35.55 | 40.32 | 21.14 | 33.32 | 37.79 | 38.92 | 39.44 | 43.46 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
||
| 38.92 | 45.45 | 51.83 | 51.20 | 44.67 | 44.41 | 51.42 | 55.84 | 51.95 | 50.77 |
High Price
|
|||
| 1,034 | 1,052 | 1,068 | 1,108 | 721 | 1,251 | 1,288 | 1,350 | 1,372 | 1,376 |
Employees
|
|||
| 2 | 2 | 3 | 2 | 3 | 2 | 2 | 1 | 1 | 1 |
Revenue/Emp
|
|||
| 1,881 | 2,269 | 2,915 | 2,592 | 1,954 | 2,157 | 2,906 | 1,963 | 1,797 | 2,036 |
Revenue
|
|||
| 28.08% | 24.90% | 21.95% | 21.13% | 33.22% | 37.32% | 32.93% | 50.13% | 60.10% | 55.84% |
Gross Margin
|
|||
| 146 | 137 | 167 | 129 | 185 | 234 | 343 | 310 | 369 | 427 |
EBT
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|||
| 7.75% | 6.02% | 5.72% | 4.97% | 9.48% | 10.87% | 11.80% | 15.80% | 20.56% | 20.94% |
EBT Margin
|
|||
| 132 | 132 | 233 | 124 | 163 | 118 | 275 | 265 | 290 | 336 |
Net Income
|
|||
| 73 | 82 | 86 | 81 | 107 | 111 | 129 | 153 | 167 | 189 |
Depreciation
|
|||
| 21.90 | 26.28 | 33.24 | 29.05 | 20.61 | 22.41 | 30.24 | 20.23 | 18.21 | 20.31 |
Revenue/Sh
|
|||
| 1.53 | 1.53 | 2.66 | 1.39 | 2.05 | 1.23 | 2.86 | 2.73 | 2.94 | 3.35 |
Earnings/Sh
|
|||
| 1.66 | 2.87 | 4.54 | 2.18 | 2.25 | 4.06 | 3.37 | 4.94 | 4.33 | 4.65 |
Cash Flow/Sh
|
|||
| (4.14) | (4.34) | (4.50) | (5.51) | (10.48) | (6.49) | (6.23) | (5.57) | (5.79) | (5.67) |
Capex/Sh
|
|||
| (2.48) | (1.46) | 0.04 | (3.33) | (8.23) | (2.43) | (2.86) | (0.64) | (1.46) | (1.02) |
Free CF/Sh
|
|||
| 13.58 | 14.33 | 16.18 | 17.39 | 17.34 | 16.95 | 18.91 | 20.52 | 22.31 | 23.86 |
Book Value/Sh
|
|||
| 86 | 86 | 88 | 89 | 95 | 96 | 96 | 97 | 99 | 100 |
Shares
|
|||
| 21.62 | 27.66 | 16.95 | 32.53 | 13.36 | 28.30 | 13.48 | 14.38 | 16.05 | 14.33 |
PE Ratio
|
|||
| 1.50 | 1.62 | 1.37 | 1.56 | 1.31 | 1.55 | 1.28 | 1.94 | 2.59 | 2.37 |
PS Ratio
|
|||
| 2.42 | 2.97 | 2.81 | 2.60 | 1.56 | 2.05 | 2.05 | 1.92 | 2.12 | 2.02 |
PB Ratio
|
|||
| 2.14 | 2.25 | 1.87 | 2.17 | 2.49 | 2.76 | 2.31 | 3.54 | 4.46 | 4.14 |
EV/Sales
|
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| (18.91) | (40.42) | 1,470.39 | (18.89) | (6.22) | (25.50) | (24.38) | (112.27) | (55.69) | (82.22) |
EV/FCF
|
|||
| 143 | 248 | 398 | 194 | 213 | 391 | 323 | 479 | 427 | 466 |
Op' Cash Flow
|
|||
| (355) | (374) | (395) | (491) | (994) | (625) | (598) | (541) | (571) | (569) |
Capex
|
|||
| (213) | (126) | 4 | (297) | (780) | (234) | (275) | (62) | (144) | (103) |
FCF
|
|||
| 36 | (223) | 19 | 65 | 89 | (417) | (348) | (275) | (333) | (211) |
Working Cap'
|
|||
| 1,238 | 1,428 | 1,456 | 1,584 | 2,412 | 2,612 | 2,984 | 3,136 | 3,360 | 3,604 |
Total Debt
|
|||
| 1,201 | 1,426 | 1,455 | 1,581 | 2,295 | 2,608 | 2,983 | 3,135 | 3,359 | 3,604 |
Net Debt
|
|||
| 1,167 | 1,237 | 1,419 | 1,552 | 1,644 | 1,631 | 1,817 | 1,991 | 2,200 | 2,392 |
Sh' Equity
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| 3.76% | 3.45% | 5.78% | 2.91% | 3.36% | 2.14% | 4.59% | 4.14% | 4.29% | 4.61% |
ROA
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| 4.42% | 4.02% | 4.35% | 3.28% | 3.63% | 4.25% | 5.29% | 4.96% | 5.15% | 5.30% |
ROIC
|
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| 11.58% | 10.99% | 17.58% | 8.34% | 10.20% | 7.20% | 15.95% | 13.90% | 13.83% | 14.62% |
ROE
|
|||
NewJersey Resources Corporation peers in Utilities Regulated Gas
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| BKH Black Hills Corporation | $5.3B | 17.7× | Compare |
| SWX Southwest Gas Corporation | $5.9B | 10.7× | Compare |
| SR Spire Inc. | $4.5B | 8.6× | Compare |
| OGS ONE Gas, Inc. | $4.5B | 15.4× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| MDU MDU Resources Group, Inc. | $3.9B | 19.7× | Compare |
| UGI UGI Corporation | $7.8B | 11.7× | Compare |
| CPK Chesapeake Utilities Corporation | $3.1B | 20.4× | Compare |
| CTRI Centuri Holdings, Inc. | $2.1B | 66.5× | Compare |
NewJersey Resources Corporation (NJR) key facts
- NewJersey Resources Corporation (NJR) is an Utilities Regulated Gas company in the Utilities sector, listed on the New York Stock Exchange.
- NewJersey Resources Corporation’s revenue for fiscal 2025 (year ended September 2025) was $2.0 billion, up 13.4% from fiscal 2024.
- As of September 25, 2026, NJR traded at $50.61, a market capitalization of $5.2 billion.
- NewJersey Resources Corporation pays an annual dividend of $1.68 per share, a yield of 4.10%, with a payout ratio of 52.8%.
- Return on equity was 14.6% and debt-to-equity 1.40.
NewJersey Resources Corporation (NJR) Latest News
24 Sep
New Jersey Resources Corp (NJR) announced a total dividend of $0.50 per share, with an ex-dividend date of 2026-09-24 and a cash payout on 2026-10-01. The payout extends a 31-year streak of annual dividend increases, and NJR is listed as a dividend aristocrat. Trailing yield is about 3.59% and forward yield about 3.80%. Five-year dividend growth runs around 7.6%, with a projected five-year yield on cost of about 5.18%. The payout ratio is 0.53 as of mid-2026, leaving room for regulated-utility investments. On growth, revenue per share fell roughly 12.6% over three years, while three-year EPS grew ~5% and five-year EBITDA grew ~20%, still lagging some peers. Overall, NJR offers a steady income stream with modest growth potential, supported by regulated operations and renewable-energy ventures. Dividend stability and aristocrat status support income appeal, but declining revenue and lagging growth limit upside.
4 Sep
New Jersey Resources (NJR) converted last year’s loss into a raised guidance. Guidance raise after a loss signals stronger outlook that can lift investor sentiment and share price.
10 Aug
New Jersey Resources (NJR) released its Q3 2026 earnings call transcript, detailing quarterly financial results, operational updates, and forward guidance. Quarterly earnings calls convey performance metrics and outlook that can moderately shift near-term investor views and valuation.
5 Aug
NewJersey Resources reported Q3 earnings results and operational updates in its earnings call. Q3 earnings call delivers financial metrics and outlook that can shift near-term investor views without major strategic shifts.
4 Aug
New Jersey Resources Corporation Q3 2026 earnings call covered financial results, operational updates and future outlook. Quarterly earnings calls typically deliver moderate updates on financial performance that can shift near-term investor sentiment.
3 Aug
New Jersey Resources (NJR) reported Q3 earnings and revenues that beat estimates. Q3 earnings and revenue beats are likely to produce a moderate positive effect on near-term financial perception and stock movement.
New Jersey Resources Corporation reported its fiscal 2026 third-quarter results. Quarterly results reporting can move New Jersey Resources stock price and near-term sentiment.
1 Jun
New Jersey Natural Gas submitted filings to NJBPU requesting customer savings and future recovery of reliability investment costs. Regulatory cost recovery filings directly support utility cash flow and earnings stability.
Argus raised its price target on New Jersey Resources after the company posted a strong Q2 earnings beat. Analyst price target increase after earnings beat signals improved sentiment that can moderately support near-term stock performance.
9 May
New Jersey Resources Corporation (NJR) reported fiscal Q2 earnings per share that beat analyst expectations. Q2 EPS beat indicates stronger financial performance, positively influencing investor sentiment and stock price short-term.
5 May
New Jersey Resources Corporation released its Q2 2026 earnings call summary, covering financial results, operational updates, and future guidance. Quarterly earnings call summaries reveal financial performance and guidance that moderately influence investor sentiment and stock trajectory.
4 May
New Jersey Resources Corporation (NJR) topped Q2 earnings and revenue estimates. Exceeding Q2 earnings and revenue estimates signals strong financial performance, likely enhancing investor sentiment and stock trajectory.
New Jersey Resources Corporation (NJR) reported fiscal 2026 second-quarter results. Quarterly financial results directly affect NJR's stock price, investor sentiment, and future performance outlook.
27 Apr
New Jersey Resources (NJR) shows fresh dividend increases and earnings momentum, potentially strengthening the investment case. Dividend growth and earnings momentum indicate major financial improvements likely to significantly boost investor sentiment and market performance.
New Jersey Resources (NJR) is expected to beat earnings estimates, sparking debate on whether its stock will climb higher. Earnings beat expectations can noticeably impact short-term financial performance and investor sentiment.
14 Apr
New Jersey Resources (NJR) upgraded to Buy rating by analysts citing strong fundamentals, growth prospects in clean energy, and attractive valuation. Analyst upgrade to Buy highlights improved outlook, likely enhancing market sentiment and short-term performance without fundamentally altering long-term trajectory.
14 Feb
NewJersey Resources Corporation (NJR) reported $122 million quarterly profit and targets 7% to 9% growth, positioning its stock as a $34 million portfolio bet. Robust quarterly profit and growth guidance boost NJR's financial performance and investor appeal significantly.
13 Feb
New Jersey Resources Corporation (NJR) is being evaluated as a potentially overlooked stock, often considered boring due to its stable operations in the utility sector. The company focuses on natural gas distribution and renewable energy initiatives, which may not attract high investor excitement but offer steady returns. Analysts suggest that NJR's consistent performance and dividend yield could appeal to conservative investors seeking reliability amidst market volatility. The article highlights the importance of assessing such stocks for long-term investment strategies, despite their lack of flashy growth prospects. NJR's stable operations and focus on renewable energy may moderately influence its financial performance and market positioning.
12 Feb
New Jersey Resources Corporation (NJR) has shown strong stock performance this year, outpacing many of its utility peers. The company has benefited from favorable market conditions and strategic initiatives, leading to increased investor interest. Analysts are optimistic about NJR's growth potential, citing its solid fundamentals and commitment to sustainability. Comparisons with competitors highlight NJR's competitive edge in the sector, suggesting a positive outlook for the remainder of the year. NJR's strong stock performance and strategic initiatives indicate significant potential for future growth and market influence.
4 Feb
New Jersey Resources Corporation (NJR) reported its Q1 earnings, highlighting strong performance driven by increased demand and strategic initiatives. The company emphasized its commitment to sustainability and expanding its renewable energy portfolio. Key financial metrics showed growth, with a focus on enhancing customer service and operational efficiency. NJR's management provided insights into future projects and market conditions, indicating a positive outlook despite potential challenges in the energy sector. Significant strategic initiatives and a strong financial performance indicate a likely positive impact on future growth and market positioning.
New Jersey Resources Corporation (NJR) has experienced notable share price momentum recently, prompting an assessment of its valuation. Analysts are evaluating the company's financial health, market position, and potential growth opportunities in light of current market conditions. The analysis considers various factors, including recent performance metrics and broader industry trends, to determine the sustainability of NJR's stock price increase and its implications for future performance. Recent share price momentum indicates a moderately noticeable influence on NJR's market performance and investor sentiment.
3 Feb
New Jersey Resources Corporation (NJR) reported strong Q1 2026 earnings, surpassing growth targets and demonstrating robust financial performance. The company highlighted strategic initiatives that contributed to its success, including operational efficiencies and market expansion efforts. NJR's management expressed confidence in sustaining this momentum throughout the fiscal year, indicating positive outlooks for future growth and shareholder value. Strong earnings performance and strategic initiatives are likely to significantly impact future growth and investor sentiment.
New Jersey Resources Corporation (NJR) reported its latest earnings, highlighting key financial metrics and operational updates. The company discussed its performance in the natural gas sector, emphasizing growth strategies and future initiatives. Management addressed market conditions and regulatory challenges, providing insights into how these factors may influence NJR's trajectory. The call included a Q&A session where analysts posed questions regarding the company's outlook and strategic direction. The earnings call revealed insights into financial performance and strategic initiatives that may moderately influence NJR's market positioning.
2 Feb
New Jersey Resources Corporation (NJR) reported Q1 earnings and revenue that exceeded analysts' expectations, showcasing strong financial performance. The company attributed its success to increased demand for natural gas and effective cost management strategies. NJR's results reflect a positive outlook for the upcoming quarters, bolstering investor confidence. Strong earnings and revenue growth indicate significant positive momentum for the company's future performance.
New Jersey Resources Corporation (NJR) reported its first-quarter results for fiscal 2026, showcasing improved financial performance. The company has raised its net financial earnings guidance for the fiscal year, indicating positive growth prospects. This update reflects NJR's strong operational performance and strategic initiatives aimed at enhancing shareholder value. The increase in net financial earnings guidance suggests significant positive momentum and potential for enhanced investor sentiment.
New Jersey Resources Corporation (NJR) reported its fiscal Q1 earnings, highlighting a revenue increase driven by higher demand and favorable market conditions. The company experienced growth in its core operations, with improved performance in its natural gas distribution segment. NJR's strategic initiatives and investments in infrastructure are expected to support future growth. Overall, the earnings report reflects a positive outlook for the company amidst a competitive landscape. The earnings report indicates moderate growth and operational improvements that may influence financial performance but are balanced by market conditions.
27 Jan
New Jersey Resources Corporation (NJR) has experienced fluctuations in its share price, raising questions about whether its current pricing accurately reflects its recent performance. Analysts are examining the company's financial health and market conditions to determine the implications for future growth and investor sentiment. The ongoing evaluation of NJR's operational strategies and market positioning is crucial as it navigates challenges and opportunities in the energy sector. Moderate influence is expected due to the company's operational strategies and market positioning amidst fluctuating share prices.
26 Jan
New Jersey Resources Corporation (NJR) is expected to report a decline in earnings for Q1, driven by various market factors and operational challenges. Analysts predict that the company's financial performance will be negatively impacted, reflecting broader trends in the energy sector. Investors are advised to monitor the upcoming earnings report closely for insights into NJR's future outlook and strategic direction. Earnings decline may moderately affect financial performance and investor sentiment.
10 Jan
New Jersey Resources Corporation (NJR) is focused on enhancing its returns on capital through strategic investments and operational efficiencies. The company aims to leverage its existing assets while exploring new growth opportunities in the energy sector. NJR's management emphasizes a commitment to sustainable practices and innovation, which are expected to drive long-term value for shareholders. The outlook remains positive as the company navigates market challenges and capitalizes on emerging trends. Strategic investments and a focus on sustainable practices are likely to significantly impact NJR's future performance and investor sentiment.
2 Jan
Mizuho has highlighted the strong fundamentals and attractive valuation of New Jersey Resources Corporation (NJR), indicating that the company is well-positioned for future growth. Analysts suggest that NJR's financial health and market strategies make it a compelling investment opportunity. The report emphasizes the potential for positive performance driven by operational efficiencies and favorable market conditions. Strong fundamentals and attractive valuation suggest significant potential for future growth and investor interest.