NYSE: NJR
NEW JERSEY RESOURCES CORPCIK 0000356309 · SIC 4924 · Natural Gas Distribution
Mid
Revenue $1.4B
Assets $8.0B
as of Oct 25, 2026
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8-K
Filed Oct 23, 2026
· Period ending Oct 22, 2026
Summary not yet generated.
8-K
Filed Aug 20, 2026
· Period ending Aug 20, 2026
Summary not yet generated.
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10-Q
Filed Aug 4, 2026
· Period ending Jun 30, 2026
Summary not yet generated.
8-K
Filed Aug 3, 2026
· Period ending Aug 3, 2026
Summary not yet generated.
10-Q
Filed May 5, 2026
· Period ending Mar 31, 2026
Summary not yet generated.
10-K
Filed Nov 20, 2025
· Period ending Sep 30, 2025
Summary not yet generated.
10-K
Filed Nov 26, 2024
· Period ending Sep 30, 2024
Summary not yet generated.
10-K/A
Filed Feb 10, 2023
· Period ending Sep 30, 2022
Summary not yet generated.
424B5
Filed Dec 4, 2019
Summary not yet generated.
424B3
Filed Aug 17, 2018
Summary not yet generated.
Latest financial statements
From 10-Q filed Aug 4, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
(Thousands, except per share data)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Nine months ended June 30, 2026 | Nine months ended June 30, 2025 |
|---|---|---|---|---|
| OPERATING REVENUES | ||||
| Utility | 200,869 | 204,790 | 1,251,692 | 1,156,558 |
| Nonutility | 148,311 | 94,156 | 641,743 | 543,776 |
| Total operating revenues | 349,180 | 298,946 | 1,893,435 | 1,700,334 |
| OPERATING EXPENSES | ||||
| Natural gas purchases: | ||||
| Utility | 64,255 | 73,321 | 508,306 | 473,975 |
| Nonutility | 82,200 | 67,852 | 308,164 | 287,277 |
| Related parties | 1,280 | 1,268 | 3,799 | 4,652 |
| Operation and maintenance | 105,574 | 100,133 | 304,751 | 299,806 |
| Regulatory rider expenses | 10,434 | 10,979 | 103,038 | 81,956 |
| Depreciation and amortization | 53,545 | 47,000 | 153,250 | 140,296 |
| Gain on sale of assets | — | (545) | — | (56,092) |
| Total operating expenses | 317,288 | 300,008 | 1,381,308 | 1,231,870 |
| OPERATING INCOME (LOSS) | 31,892 | (1,062) | 512,127 | 468,464 |
| Other income, net | 14,772 | 11,040 | 42,427 | 39,663 |
| Interest expense, net of capitalized interest | 35,199 | 31,694 | 105,850 | 98,112 |
| INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF AFFILIATES | 11,465 | (21,716) | 448,704 | 410,015 |
| Income tax provision (benefit) | 3,353 | (5,142) | 103,754 | 93,835 |
| Equity in earnings of affiliates | 1,577 | 1,523 | 6,141 | 4,375 |
| NET INCOME (LOSS) | 9,689 | (15,051) | 351,091 | 320,555 |
| INCOME (LOSS) PER COMMON SHARE | ||||
| Basic | 0.10 | (0.15) | 3.48 | 3.20 |
| Diluted | 0.10 | (0.15) | 3.46 | 3.18 |
| WEIGHTED AVERAGE SHARES OUTSTANDING | ||||
| Basic | 101,092 | 100,373 | 100,881 | 100,173 |
| Diluted | 101,780 | 100,373 | 101,526 | 100,813 |
Condensed Consolidated Balance Sheets
(Thousands)
| Description | June 30, 2026 | September 30, 2025 |
|---|---|---|
| PROPERTY, PLANT AND EQUIPMENT | ||
| Utility plant, at cost | 4,767,029 | 4,434,220 |
| Construction work in progress | 378,763 | 395,943 |
| Nonutility plant and equipment, at cost | 2,123,940 | 1,972,811 |
| Construction work in progress | 216,606 | 151,404 |
| Total property, plant and equipment | 7,486,338 | 6,954,378 |
| Accumulated depreciation and amortization, utility plant | (919,587) | (850,757) |
| Accumulated depreciation and amortization, nonutility plant and equipment | (331,544) | (293,522) |
| Property, plant and equipment, net | 6,235,207 | 5,810,099 |
| CURRENT ASSETS | ||
| Cash and cash equivalents | 33,955 | 591 |
| Customer accounts receivable | ||
| Billed | 190,779 | 109,366 |
| Unbilled revenues | 27,689 | 24,194 |
| Allowance for doubtful accounts | (16,503) | (11,371) |
| Regulatory assets | 32,229 | 48,898 |
| Natural gas in storage, at average cost | 152,941 | 215,836 |
| Materials and supplies, at average cost | 47,302 | 43,420 |
| Prepaid expenses | 16,263 | 10,848 |
| Prepaid taxes | 75,334 | 67,143 |
| Derivatives, at fair value | 6,697 | 12,514 |
| Restricted broker margin accounts | 8,918 | 8,920 |
| Other current assets | 43,762 | 39,517 |
| Total current assets | 619,366 | 569,876 |
| NONCURRENT ASSETS | ||
| Investments in equity method investees | 101,381 | 101,243 |
| Regulatory assets | 650,105 | 672,518 |
| Operating lease assets | 198,383 | 185,596 |
| Derivatives, at fair value | 1,908 | 2,319 |
| Software costs | 11,037 | 11,151 |
| Deferred income taxes | 21,292 | 20,821 |
| Postemployment employee benefit assets | 44,150 | 40,813 |
| Notes receivable | 42,500 | 42,500 |
| Other noncurrent assets | 99,129 | 121,839 |
| Total noncurrent assets | 1,169,885 | 1,198,800 |
| Total assets | 8,024,458 | 7,578,775 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(Thousands)
| Description | Nine months ended June 30, 2026 | Nine months ended June 30, 2025 |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | 351,091 | 320,555 |
| Adjustments to reconcile net income to cash flows from operating activities | ||
| Unrealized loss (gain) on derivative instruments | 4,460 | (10,072) |
| Gain on sale of assets | — | (56,092) |
| Depreciation and amortization | 153,250 | 140,296 |
| Allowance for equity used during construction | (10,774) | (6,756) |
| Allowance for doubtful accounts | 6,219 | 8,598 |
| Non cash lease expense | 3,261 | 3,282 |
| Deferred income taxes | 67,950 | 48,510 |
| Equivalent value of ITCs recognized on equipment financing | (22,333) | (14,322) |
| Manufactured gas plant remediation costs | (3,321) | (7,289) |
| Equity in earnings, net of distributions received from equity investees | (246) | — |
| Cost of removal asset retirement obligations | (1,533) | (1,295) |
| Contributions to postemployment benefit plans | (913) | (759) |
| Changes in: | ||
| Components of working capital | (8,448) | (48,374) |
| Other noncurrent assets and liabilities | 39,117 | 8,892 |
| Cash flows from operating activities | 577,780 | 385,174 |
| CASH FLOWS USED IN INVESTING ACTIVITIES | ||
| Expenditures for: | ||
| Utility plant | (315,256) | (274,028) |
| Solar equipment | (157,969) | (117,978) |
| Storage and Transportation and other | (48,984) | (18,586) |
| Cost of removal | (30,574) | (32,911) |
| Distribution from equity investees in excess of equity in earnings | — | 625 |
| Proceeds from sale of assets | — | 136,947 |
| Cash flows used in investing activities | (552,783) | (305,931) |
| CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES | ||
| Proceeds from long-term debt | 15,000 | 100,000 |
| Payments of long-term debt | (34,250) | (190,322) |
| Proceeds from short-term debt, net | 24,400 | 14,850 |
| Proceeds from sale leaseback transactions solar | 100,572 | 100,271 |
| Proceeds from sale leaseback transactions natural gas meters | 15,016 | 11,714 |
| Payments of common stock dividends | (143,482) | (134,897) |
| Proceeds from waiver discount issuance of common stock | 26,879 | 19,910 |
| Proceeds from issuance of common stock DRP | 11,265 | 11,243 |
| Tax withholding payments related to net settled stock compensation | (6,934) | (11,635) |
| Cash flows from (used in) financing activities | 8,466 | (78,866) |
| Change in cash, cash equivalents and restricted cash | 33,463 | 377 |
| Cash, cash equivalents and restricted cash at beginning of period | 1,649 | 1,612 |
| Cash, cash equivalents and restricted cash at end of period | 35,112 | 1,989 |
| CHANGES IN COMPONENTS OF WORKING CAPITAL | ||
| Receivables | (85,995) | (74,552) |
| Inventories | 59,013 | 26,442 |
| Recovery of natural gas costs | 80,190 | 5,589 |
| Natural gas purchases payable | 6,687 | 5,790 |
| Natural gas purchases payable related parties | (1) | (229) |
| Deferred revenue, current | (2,504) | 1,944 |
| Accounts payable and other | (27,429) | (29,592) |
| Prepaid expenses | (5,415) | (3,310) |
| Prepaid and accrued taxes | (2,950) | 25,917 |
| Restricted broker margin accounts | (10,225) | 12,425 |
| Customers' credit balances and deposits | (15,090) | (14,711) |
| Other current assets and liabilities | (4,729) | (4,087) |
| Total | (8,448) | (48,374) |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION | ||
| Cash paid for: | ||
| Interest (net of amounts capitalized) | 108,274 | 98,938 |
| Income taxes | 31,623 | 8,654 |
| Accrued capital expenditures | 50,939 | 28,391 |
| See Notes to Unaudited Condensed Consolidated Financial Statements | ||
Amounts as printed on the EDGAR/iXBRL face — (Thousands, except per share data); (Thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗