New Jersey Resources Corporation | Mid-cap | Utilities
$46.01
-1.01%
| New Jersey Resources Stock Comparison:
New Jersey Resources vs Atmos EnergyNew Jersey Resources vs NiSourceNew Jersey Resources vs UGINew Jersey Resources vs Southwest GasNew Jersey Resources vs BrookfieldNew Jersey Resources vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 913.0M
Gross Profit 375.7M 41.15%
Operating Income 279.3M 30.59%
Net Income 204.3M 22.37%
EPS (Diluted) $2.02

Balance Sheet Metrics

Total Assets 7.3B
Total Liabilities 4.9B
Shareholders Equity 2.4B
Debt to Equity 2.00

Cash Flow Metrics

Operating Cash Flow 426.4M
Free Cash Flow 308.8M

Revenue & Profitability Trend

New Jersey Resources Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue i 1.8B 2.0B 2.9B 2.2B 2.0B
Cost of Goods Sold i 1.1B 1.4B 2.3B 1.7B 1.6B
Gross Profit i 685.0M 610.5M 595.2M 438.0M 370.8M
Gross Margin % i 38.1% 31.1% 20.5% 20.3% 19.0%
Operating Expenses
Research & Development i - - - - -
Selling, General & Administrative i - - 59.4M 38.3M 34.5M
Other Operating Expenses i 60.3M 50.5M 59.4M 38.3M 34.5M
Total Operating Expenses i 60.3M 50.5M 118.9M 76.6M 69.1M
Operating Income i 458.1M 407.0M 406.5M 288.4M 228.9M
Operating Margin % i 25.5% 20.7% 14.0% 13.4% 11.7%
Non-Operating Items
Interest Income i - - - - -
Interest Expense i 130.3M 123.0M 85.8M 78.6M 67.6M
Other Non-Operating Income 41.6M 26.1M 22.3M 24.6M 23.9M
Pre-tax Income i 369.4M 310.1M 342.9M 234.4M 185.2M
Income Tax i 84.9M 49.3M 76.2M 33.3M 36.5M
Effective Tax Rate % i 23.0% 15.9% 22.2% 14.2% 19.7%
Net Income i 289.8M 264.7M 274.9M 117.9M 163.0M
Net Margin % i 16.1% 13.5% 9.5% 5.5% 8.3%
Key Metrics
EBITDA i 666.2M 586.0M 558.0M 424.3M 360.2M
EPS (Basic) i $2.94 $2.73 $2.86 $1.23 $1.72
EPS (Diluted) i $2.92 $2.71 $2.85 $1.22 $1.71
Basic Shares Outstanding i 98634000 97028000 96100000 96227000 94798000
Diluted Shares Outstanding i 98634000 97028000 96100000 96227000 94798000

Income Statement Trend

New Jersey Resources Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets
Cash & Equivalents i 1.0M 954.0K 1.1M 4.7M 117.0M
Short-term Investments i - - - - -
Accounts Receivable i 105.5M 97.5M 222.3M 212.8M 134.2M
Inventory i 237.6M 226.5M 294.0M 213.2M 187.9M
Other Current Assets 100.0M 94.7M 62.4M 50.4M 57.6M
Total Current Assets i 554.6M 532.1M 756.1M 634.3M 622.3M
Non-Current Assets
Property, Plant & Equipment i 2.0B 1.9B 1.7B 1.3B 1.2B
Goodwill i 10.5M 8.4M 8.5M 10.6M 14.8M
Intangible Assets i 10.5M 8.4M 8.5M 10.6M 14.8M
Long-term Investments 806.0K 1.6M 6.4M 3.4M 3.3M
Other Non-Current Assets 92.4M 90.0M 60.4M 49.9M 85.7M
Total Non-Current Assets i 6.4B 6.0B 5.5B 5.1B 4.7B
Total Assets i 7.0B 6.5B 6.3B 5.7B 5.3B
Liabilities
Current Liabilities
Accounts Payable i 227.6M 203.9M 392.5M 393.1M 238.2M
Short-term Debt i 485.8M 373.0M 503.6M 454.4M 159.3M
Current Portion of Long-term Debt - - - - -
Other Current Liabilities 58.9M 72.3M 96.6M 131.5M 75.6M
Total Current Liabilities i 887.8M 806.6M 1.1B 1.1B 533.7M
Non-Current Liabilities
Long-term Debt i 3.0B 2.9B 2.6B 2.3B 2.4B
Deferred Tax Liabilities i 360.9M 287.9M 241.6M 166.5M 141.4M
Other Non-Current Liabilities 10.3M 13.3M 9.1M 12.0M 10.6M
Total Non-Current Liabilities i 3.9B 3.7B 3.3B 3.0B 3.1B
Total Liabilities i 4.8B 4.5B 4.4B 4.1B 3.7B
Equity
Common Stock i 248.2M 243.5M 241.6M 240.6M 240.2M
Retained Earnings i 1.3B 1.2B 1.1B 934.6M 947.5M
Treasury Stock i -26.2M -20.7M 6.8M 12.4M -8.5M
Other Equity - - - - -
Total Shareholders Equity i 2.2B 2.0B 1.8B 1.6B 1.6B
Key Metrics
Total Debt i 3.5B 3.3B 3.1B 2.8B 2.5B
Working Capital i -333.2M -274.5M -348.1M -417.1M 88.6M

Balance Sheet Composition

New Jersey Resources Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income i 289.8M 264.7M 274.9M 117.9M 163.0M
Depreciation & Amortization i 166.6M 152.9M 129.2M 111.4M 107.4M
Stock-Based Compensation i - - - - -
Working Capital Changes i -93.3M 307.2M -123.7M -50.8M -8.2M
Operating Cash Flow i 402.4M 730.8M 325.0M 157.5M 265.5M
Investing Activities
Capital Expenditures i - - - - -423.9M
Acquisitions i 0 0 5.5M -690.0K -2.1M
Investment Purchases i - - - - -
Investment Sales i - - - - 0
Investing Cash Flow i 0 0 5.5M -690.0K -949.6M
Financing Activities
Share Repurchases i - 0 0 -27.2M 0
Dividends Paid i -165.1M -151.0M -127.7M -117.0M -117.8M
Debt Issuance i 323.5M 401.2M 551.4M 17.7M 1.1B
Debt Repayment i -125.1M -221.9M -68.3M -18.0M -370.3M
Financing Cash Flow i 141.8M 59.7M 262.5M 117.8M 895.9M
Free Cash Flow i -143.9M -61.9M -274.9M -233.7M -256.7M
Net Change in Cash i 544.1M 790.5M 593.0M 274.6M 211.8M

Cash Flow Trend

New Jersey Resources Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 11.35
Forward P/E 16.11
Price to Book 2.10
Price to Sales 2.23
PEG Ratio 0.45

Profitability Ratios

Profit Margin 19.64%
Operating Margin -7.47%
Return on Equity 18.03%
Return on Assets 4.97%

Financial Health

Current Ratio 0.76
Debt to Equity 1.47
Beta 0.66

Per Share Data

EPS (TTM) $4.10
Book Value per Share $22.12
Revenue per Share $20.97

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
njr 4.7B 11.35 2.10 18.03% 19.64% 1.47
Atmos Energy 24.7B 21.75 1.88 9.19% 25.35% 64.75
NiSource 20.9B 23.19 2.31 9.31% 14.46% 143.64
UGI 7.0B 17.08 1.42 8.73% 5.70% 142.38
Southwest Gas 5.7B 29.52 1.56 5.03% 4.07% 113.62
Brookfield 5.3B 4.15 2.37 -10.97% -33.28% 600.63

Financial data is updated regularly. All figures are in the company's reporting currency.