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NJRNew Jersey Resources Corporation
$52.22$5.3B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
NJR logo

New Jersey Resources Corporation

NJR
NYSE · Gas Utilities
$52.22
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$5.27B
P/E15.7x
52W High$60.86
Volume603.06K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Rate Base Growth Offsets Seasonal Cash Flow Volatility

New Jersey Resources is executing an aggressive Infrastructure Investment Program, with net PPE expanding 20.8% year-over-year to $6.4B in 2026Q3, driving rate base growth and revenue acceleration (13.9% YoY). The constructive regulatory environment supports e...

GrowthAccelerating
ProfitabilityStrong
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

NJR price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

-8% Peers

P/E is 8% below peer median

03

Market leadership

RS 46 · Lag

Laggard (Underperforming 54% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 18

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
NJR+15.64%
S&P 500 (^GSPC)+12.39%
1-Year Return
NJR+13.51%
S&P 500 (^GSPC)+15.77%
3-Year Return
NJR+34.95%
S&P 500 (^GSPC)+76.53%
5-Year Return
NJR+72.04%
S&P 500 (^GSPC)+72.07%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
15.7x
Forward P/EExpansion
14.6x
EV/EBITDA80th %ile
14.5x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
15.7x
15.0x
60th· Fair
EV/EBITDA
14.5x
13.8x
80th· High
Price/FCF
N/A
N/A
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$28.76-44.9%
Base (Fair)$17.51-67.2%
Bull$0.71-98.6%
$28.76 Bear$17.51 Base$0.71 Bull
Current Market Price: $52.22
Trades at a 198.2% premium to Base DCF ($17.51)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$2.03B+13.9% YoY
Net income
$336M+15.8% YoY
Free cash flow
-$240M-66.6% YoY
Operating margin
21.4%-3.0 pts YoY
ROIC (TTM)5.5%
Avg ROIC 5Y-
ROE (TTM)14.6%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 3, 2026
$0.11+66.7%
vs $0.07
$349M+2.1%
vs $342M
Q2 2026
May 4, 2026
$2.20+16.4%
vs $1.89
$939M+10.5%
vs $850M
Q1 2026
Feb 2, 2026
$1.17+23.2%
vs $0.95
$605M+9.6%
vs $552M
Q4 2025
Nov 19, 2025
$0.16+6.1%
vs $0.15
$341M+14.0%
vs $300M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·Sep 10, 2026
New Jersey Resources Raises Dividend for the 31st Consecutive Year

WALL, N.J.--(BUSINESS WIRE)--The board of directors (the “Board”) of New Jersey Resources Corporation (NYSE: NJR) unanimously approved an increase in the quarterly dividend rate to $0.50 per share from $0.475 per share. The new quarterly rate will be effective with the dividend payable October 1, 2026, to shareowners of record on September 24, 2026. The new annual dividend rate will be $2.00 per share. NJR has paid quarterly dividends continuously since its inception in 1952, and has raised the.

Reuters·Sep 9, 2026
US court vacates key NJ permit for Williams NESE gas pipe from Pennsylvania to New York

The U.S. Third Circuit Court of Appeals reversed a key ‌New Jersey water permit for U.S. energy company Williams Cos' long-delayed Northeast Supply Enhancement (NESE) natural gas pipeline project in Pennsylvania, New Jersey and New York.

Defense World·Sep 1, 2026
Connor Clark & Lunn Investment Management Ltd. Invests $541,000 in NewJersey Resources Corporation $NJR

Connor Clark and Lunn Investment Management Ltd. purchased a new stake in NewJersey Resources Corporation (NYSE: NJR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,662 shares of the utilities provider's stock, valued at approximately $541,000. Several other hedge funds also

Fool - Investing News·Aug 24, 2026
New Jersey Resources COO Sells 3,000 Shares for $167,000

Patrick Migliaccio reduced his direct equity stake, leaving him with 32,202 shares.

Filtered for New Jersey Resources CorporationMore Headlines
04

Compare before deciding

Benchmark NJR against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for New Jersey Resources Corporation (NJR)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NJR logoNJRNew Jersey Resources CorporationCurrent
$52.22$5.27B15.6813.94%16.51%14.62%3.42%
SR logoSRSpire Inc.
$77.39$4.58B17.71-4.5%21.62%21.39%—
NWN logoNWNNorthwest Natural Holding Company
$47.23$1.99B17.0511.83%9.75%8.34%—
RGCO logoRGCORGC Resources, Inc.
$20.65$214.91M16.0112.63%13.05%11.73%—
NFG logoNFGNational Fuel Gas Company
$78.61$7.47B13.8417.11%26.97%18.72%—
ATO logoATOAtmos Energy Corporation
$156.24$26.08B20.9412.91%28.5%9.67%—

Compare NJR vs Peers

New Jersey Resources Corporation (NJR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SR

Most directly comparable listed peer for NJR.

Scale Benchmark

vs NEE

Larger-name benchmark to compare NJR against a more recognizable public peer.

Peer Set

Compare Top 5

vs SR, NWN, RGCO, NFG

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

NJR SEC Filings & Documents

New Jersey Resources Corporation (NJR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 20, 2026·SEC

Material company update

Aug 3, 2026·SEC

Material company update

Jun 1, 2026·SEC

10-K Annual Reports

3
FY 2025

Nov 20, 2025·SEC

FY 2024

Nov 26, 2024·SEC

FY 2023

Nov 21, 2023·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 4, 2026·SEC

FY 2026

May 5, 2026·SEC

FY 2026

Feb 3, 2026·SEC

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NJR Frequently Asked Questions

New Jersey Resources Corporation (NJR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is New Jersey Resources Corporation's revenue?

New Jersey Resources Corporation (NJR) reported $2.24B in revenue for fiscal year 2025. This represents a 308% increase from $548.5M in 1996.

How fast is New Jersey Resources Corporation growing?

New Jersey Resources Corporation (NJR) grew revenue by 13.9% over the past year. This is steady growth.

Is NJR profitable?

Yes, New Jersey Resources Corporation (NJR) is profitable, generating $366.2M in net income for fiscal year 2025 (16.5% net margin).

Dividend & Returns
Does NJR pay dividends?

Yes, New Jersey Resources Corporation (NJR) pays a dividend with a yield of 3.42%. This makes it attractive for income-focused investors.

What is NJR's return on equity?

New Jersey Resources Corporation (NJR) has a return on equity (ROE) of 14.6%. This is reasonable for most industries.

What is New Jersey Resources Corporation's free cash flow?

New Jersey Resources Corporation (NJR) generated $76.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics
Is NJR's dividend sustainable?

New Jersey Resources Corporation (NJR) has a dividend payout ratio of 54%. This suggests the dividend is well-covered and sustainable.

What if you invested $1,000 in NJR back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →