New Jersey Resources Corp (NJR) financials
New Jersey Resources revenue and earnings by year
New Jersey Resources's revenue was $2.04 billion in the fiscal year to September 30, 2025, up 13.4% from the year before. Net income was $336 million, 16.5% of revenue. Since the fiscal year to September 30, 2016, revenue has grown 0.9% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.04 | 1.80 | 1.96 | 2.91 | 2.16 | 1.95 | 2.59 | 2.92 | 2.27 | 1.88 |
| Revenue growth | 13.4% | -8.5% | -32.4% | 34.7% | 10.4% | -24.6% | -11.1% | 28.5% | 20.6% | — |
| Gross profit | 0.73 | 0.68 | 0.61 | 0.60 | 0.44 | 0.37 | 0.28 | 0.32 | 0.34 | 0.32 |
| Gross margin | 35.7% | 38.1% | 31.1% | 20.5% | 20.3% | 19.0% | 10.8% | 11.1% | 15.1% | 17.0% |
| Operating income | 0.51 | 0.46 | 0.41 | 0.41 | 0.29 | 0.23 | 0.16 | 0.20 | 0.17 | 0.17 |
| Operating margin | 25.0% | 25.5% | 20.7% | 14.0% | 13.4% | 11.7% | 6.3% | 6.9% | 7.5% | 8.9% |
| Net income | 0.34 | 0.29 | 0.26 | 0.27 | 0.12 | 0.16 | 0.12 | 0.23 | 0.13 | 0.13 |
| Net margin | 16.5% | 16.1% | 13.5% | 9.5% | 5.5% | 8.3% | 4.8% | 8.0% | 5.8% | 7.0% |
| Diluted EPS | $3.33 | $2.92 | $2.71 | $2.85 | $1.22 | $1.73 | $1.38 | $2.67 | $1.52 | $1.51 |
| Free cash flow | -0.06 | -0.10 | -0.02 | -0.24 | -0.18 | -0.23 | -0.29 | 0.06 | -0.04 | -0.18 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open NJR in Markets.
How New Jersey Resources makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Natural Gas Utility | $172M | 66.6% |
| Wholesale Natural Gas | $49.4M | 19.1% |
| Electricity | $10.6M | 4.1% |
| Service Contracts | $9.76M | 3.8% |
| Renewable Energy Certificates | $8.47M | 3.3% |
| Installation & Maintenance | $8.00M | 3.1% |
See also: NJR valuation and P/E history · NJR returns
No forecast, no recommendation. This page describes New Jersey Resources Corp from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.