NewJersey Resources Corporation

NJR Utilities Utilities Regulated Gas

NewJersey Resources Corporation’s revenue for fiscal 2025 (year ended September 2025) was $2.0 billion, up 13.4% from fiscal 2024.

Revenue
+16.8%
EPS
+166.7%
Free cash flow
−3.14%
Total debt
+9.45%

Quarter to June 2026, against a year earlier

54.69 0.37 −0.67%
Market cap
$5.6B
P/E
15.0×
Fwd P/E
15.0×
Dividend yield
3.52%
F-score
6/9
Altman Z
1.28
Beneish M
−2.46
Dividend safety
36/100

NewJersey Resources Corporation (NJR) Debt to equity

Alert me on Debt to equity

NewJersey Resources Corporation's debt to equity at the end of the quarter to 30 June 2026 was 1.4×, down 0.1× from fiscal 2025 (1.5×). Over the past ten years it has ranged from 0.8× (fiscal 2015) to 1.6× (fiscal 2022); the current reading is higher than 64% of that period. That is above the Utilities Regulated Gas industry median of 1.2× and above the Utilities sector median of 1.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 1.5× (1.32%)
FY2024 1.5× (3.07%)
FY2023 1.6× (4.07%)
FY2022 1.6× 2.53%
FY2021 1.6× 9.17%
FY2020 1.5× 43.74%
FY2019 1.0× (0.53%)
FY2018 1.0× (11.16%)
FY2017 1.2× 8.83%
FY2016 1.1× 27.56%

Quarterly newest first

Period Debt to equity Change
Jun 2026 1.4× 3.17%
Mar 2026 1.4× (11.77%)
Dec 2025 1.5× 2.12%
Sep 2025 1.5× 7.95%
42 more quarters

Against its own ten years

Low 0.8× High 1.6×
Ten-year median 1.5×
Current reading's percentile 64

Debt to equity against peers

Company Debt to equity
OGS ONE Gas, Inc. compare 0.8×
SWX Southwest Gas Corporation compare 0.9×
MDU MDU Resources Group, Inc. compare 0.9×
CPK Chesapeake Utilities Corporation compare 1.0×
BKH Bright Horizon Energy Corporation compare 1.1×
UGI UGI Corporation compare 1.3×
NJR NewJersey Resources Corporation 1.4×
SR Spire Inc. compare 1.7×
NWN Northwest Natural Gas Company compare 1.8×
Utilities Regulated Gas industry median 1.2×
Utilities sector median 1.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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