Saturday 17 October 2026 Export NJR’s income statement to Excel — free account

NewJersey Resources Corporation

In the quarter to June 2026, revenue grew 16.8%, EPS grew 166.7%, free cash flow fell 3.14% and total debt rose 9.45%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.

52.19 0.66 +1.28%

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Market cap: $5.2B
P/E: 14.3×
Fwd P/E: 15.9×
Dividend yield: 3.69%
F-score: 6/9
Altman Z: 1.28
Beneish M: −2.46
Dividend safety: 36/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 1.66

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	1	—	—	2	—	3	—	—	1	—	—

Insider Ownership 0.20%

Capital & Financial Ratios $m

Market Cap 5,230.00

Revenue 2,229.51

Net Income 366.16

Free Cash Flow (156.15)

Net Debt 3,669.02

Current Ratio 0.66

Debt/Equity 1.40

P/E ratio 14.34

Fwd P/E 15.90

P/S ratio 2.37

P/B ratio 2.00

Past 5Y EPS Growth 10.30%

This Y EPS Growth 8.71%

Next Y EPS Growth (4.20%)

Next Y revenue growth 7.54%

Next 5Y EPS Growth 3.76%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 11.17%

10-year low 10-year high

P/S against its own 10 years 82.20%

10-year low 10-year high

P/B against its own 10 years 19.50%

10-year low 10-year high

EV/Sales against its own 10 years 80.43%

10-year low 10-year high

Dividends

Payout Ratio 0.53

Annual Dividend Rate 1.93

Annual Dividend Yield 3.69%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.93	0.48 0.48 0.50
2025	1.85	0.45 0.45 0.48 0.48
2024	1.74	0.42 0.42 0.45 0.45
2023	1.62	0.39 0.39 0.42 0.42
2022	1.51	0.36 0.36 0.39 0.39
2021	1.39	0.33 0.33 0.36 0.36
2020	1.29	0.31 0.31 0.33 0.33
2019	1.21	0.29 0.29 0.31 0.31
2018	1.13	0.27 0.27 0.29 0.29
2017	1.06	0.26 0.26 0.27 0.27
2016	0.99	0.24 0.24 0.26 0.26

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1	1	1	34
Receivables	87	97	98	174
Inventory	227	238	259	200
Other	165	140	134	119
	532	555	570	619

	2023	2024	2025	Q'26
Payables	204	228	268	237
ST’ Debt	368	481	354	503
Other	117	97	73	108
	807	888	781	937

Compound Annual Growth %

	10y	5y	3y
Sales	(2.90%)	0.83%	(11.18%)
Cash Flow	1.78%	16.92%	12.97%
Earnings	6.37%	15.54%	6.88%
Book Value	8.01%	7.79%	9.59%

Revenue $m

	Dec	Mar	Jun	Sep	Year
’26	605	939	349	—	—
’25	488	913	299	336	2,036
’24	467	658	276	396	1,797
’23	724	644	264	331	1,963
’22	676	912	552	765	2,906
’21	454	802	368	533	2,157
’20	615	640	299	400	1,954

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	27	563	(12)	—	—
’25	(9)	423	(29)	81	466
’24	46	292	24	65	427
’23	(89)	432	45	91	479
’22	(37)	368	(95)	88	323
’21	32	325	(14)	49	391
’20	(43)	222	4	31	213

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	(153)	366	(189)	—	—
’25	(28)	290	(183)	(181)	(103)
’24	(68)	170	(134)	(111)	(144)
’23	(235)	315	(72)	(70)	(62)
’22	(202)	231	(234)	(70)	(275)
’21	(78)	189	(199)	(146)	(234)
’20	(537)	(34)	(136)	(72)	(780)

Fiscal quarters ending in the months shown.

EPS $

	Dec	Mar	Jun	Sep	Year
’26	1.21	2.16	0.10	—	—
’25	1.31	2.02	(0.15)	0.15	3.33
’24	0.91	1.22	(0.12)	0.91	2.92
’23	1.19	1.13	0.02	0.38	2.71
’22	1.16	1.00	0.14	0.56	2.85
’21	0.84	1.55	(1.16)	(0.01)	1.22
’20	0.97	0.92	(0.20)	0.32	2.04

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	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
	High	38.92	45.45	51.83	51.20	44.67	44.41	51.42	55.84	51.95	50.77
People
People	Employees	1,034	1,052	1,068	1,108	721	1,251	1,288	1,350	1,372	1,376
	Revenue/emp, $m	1.82	2.16	2.73	2.34	2.71	1.72	2.26	1.45	1.31	1.48
Income, $m
Income, $m	Revenue	1,881	2,269	2,915	2,592	1,954	2,157	2,906	1,963	1,797	2,036
	Gross margin, %	28.08	24.90	21.95	21.13	33.22	37.32	32.93	50.13	60.10	55.84
	EBT	146	137	167	129	185	234	343	310	369	427
	EBT margin, %	7.75	6.02	5.72	4.97	9.48	10.87	11.80	15.80	20.56	20.94
	Net income	132	132	233	124	163	118	275	265	290	336
	Depreciation	73	82	86	81	107	111	129	153	167	189
Per share, $
Per share, $	Revenue	21.90	26.28	33.24	29.05	20.61	22.41	30.24	20.23	18.21	20.31
	Earnings	1.53	1.53	2.66	1.39	2.05	1.23	2.86	2.73	2.94	3.35
	Cash flow	1.66	2.87	4.54	2.18	2.25	4.06	3.37	4.94	4.33	4.65
	Capex	(4.14)	(4.34)	(4.50)	(5.51)	(10.48)	(6.49)	(6.23)	(5.57)	(5.79)	(5.67)
	Free cash flow	(2.48)	(1.46)	0.04	(3.33)	(8.23)	(2.43)	(2.86)	(0.64)	(1.46)	(1.02)
	Book value	13.58	14.33	16.18	17.39	17.34	16.95	18.91	20.52	22.31	23.86
	Shares, m	86	86	88	89	95	96	96	97	99	100
Valuation, ×
Valuation, ×	P/E	21.62	27.66	16.95	32.53	13.36	28.30	13.48	14.38	16.05	14.33
	P/S	1.50	1.62	1.37	1.56	1.31	1.55	1.28	1.94	2.59	2.37
	P/B	2.42	2.97	2.81	2.60	1.56	2.05	2.05	1.92	2.12	2.02
	EV/Sales	2.14	2.25	1.87	2.17	2.49	2.76	2.31	3.54	4.46	4.14
	EV/FCF	(18.91)	(40.42)	1,470.39	(18.89)	(6.22)	(25.50)	(24.38)	(112.27)	(55.69)	(82.22)
Cash, $m
Cash, $m	Operating cash flow	143	248	398	194	213	391	323	479	427	466
	Capex	(355)	(374)	(395)	(491)	(994)	(625)	(598)	(541)	(571)	(569)
	Free cash flow	(213)	(126)	4	(297)	(780)	(234)	(275)	(62)	(144)	(103)
Balance, $m
Balance, $m	Working capital	36	(223)	19	65	89	(417)	(348)	(275)	(333)	(211)
	Total debt	1,238	1,428	1,456	1,584	2,412	2,612	2,984	3,136	3,360	3,604
	Net debt	1,201	1,426	1,455	1,581	2,295	2,608	2,983	3,135	3,359	3,604
	Shareholders’ equity	1,167	1,237	1,419	1,552	1,644	1,631	1,817	1,991	2,200	2,392
Returns, %
Returns, %	ROA	3.76	3.45	5.78	2.91	3.36	2.14	4.59	4.14	4.29	4.61
	ROIC	4.42	4.02	4.35	3.28	3.63	4.25	5.29	4.96	5.15	5.30
	ROE	11.58	10.99	17.58	8.34	10.20	7.20	15.95	13.90	13.83	14.62

Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
UGI UGI Corporation	$8.1B	12.3×	11.5×	−4.52% (below 0%: shrinking)	n/m	−56.52% (below 0%: shrinking)	43.05%	(3.31%)	Compare
SWX Southwest Gas Corporation	$6.2B	11.4×	20.8×	−9.63% (below 0%: shrinking)	n/m	−157.57% (below 0%: shrinking)	89.27%	23.54%	Compare
BKH Black Hills Corporation	$5.8B	19.3×	16.7×	+3.14% (above 0%: growing)	+31.58% (above 0%: growing)	+24.09% (above 0%: growing)	74.93%	21.42%	Compare
NJR NewJersey Resources Corporation	$5.2B	14.3×	15.9×	+16.80% (above 0%: growing)	n/m	−3.14% (below 0%: shrinking)	57.69%	9.13%
SR Spire Inc.	$4.8B	9.1×	20.4×	+19.21% (above 0%: growing)	+1,131.03% (above 0%: growing)	+0.22% (above 0%: growing)	75.92%	5.57%	Compare
OGS ONE Gas, Inc.	$4.7B	16.2×	16.5×	−2.86% (below 0%: shrinking)	+39.62% (above 0%: growing)	+511.45% (above 0%: growing)	78.07%	20.08%	Compare
MDU MDU Resources Group, Inc.	$3.9B	20.0×	21.8×	+6.87% (above 0%: growing)	+42.86% (above 0%: growing)	−58.85% (below 0%: shrinking)	64.77%	12.78%	Compare
CPK Chesapeake Utilities Corporation	$3.2B	21.0×	19.2×	+4.72% (above 0%: growing)	+2.91% (above 0%: growing)	+38.63% (above 0%: growing)	74.39%	26.20%	Compare
NWN Northwest Natural Gas Company	$2.0B	16.3×	16.5×	+3.12% (above 0%: growing)	n/m	+36.83% (above 0%: growing)	74.64%	13.61%	Compare
Median of peers	$4.7B	16.3×	18.0×	+3.13%	+39.62%	+12.16%	74.78%	16.85%

All 15 Utilities Regulated Gas stocks →

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.
As of October 16, 2026, NJR traded at $52.19, a market capitalization of $5.2 billion.
NewJersey Resources Corporation pays an annual dividend of $1.93 per share, a yield of 3.69%, with a payout ratio of 53.2%.
Return on equity was 14.6% and debt-to-equity 1.40.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 1.28 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.