New Jersey Resources Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 30, 2025 · FY), New Jersey Resources Corp reported revenue of $2.0B (+13.4% year on year) and net income of $335.6M (+15.8% year on year).
| Line item | Sep 30, 2025 · FY | Sep 30, 2024 · FY | Sep 30, 2023 · FY | Sep 30, 2022 · FY |
|---|---|---|---|---|
| Utility | $1.3B | $1.0B | $1.0B | $1.1B |
| Nonutility | $734.9M | $778.1M | $951.7M | $1.8B |
| Total operating revenues | $2.0B | $1.8B | $2.0B | $2.9B |
| Natural gas purchases | $893.3M | $709.8M | $971.7M | $1.9B |
| Related parties | $6.0M | $7.1M | $7.2M | $7.4M |
| Operation and maintenance | $410.5M | $394.6M | $373.6M | $361.9M |
| Regulatory rider expenses | $87.2M | $60.3M | $50.5M | $59.4M |
| Depreciation and amortization | $188.8M | $166.6M | $152.9M | $129.2M |
| Gain on sale of assets | ($58.2M) | — | — | — |
| Total operating expenses | $1.5B | $1.3B | $1.6B | $2.5B |
| OPERATING INCOME | $508.9M | $458.1M | $407.0M | $406.5M |
| Other income, net | $46.2M | $41.6M | $26.1M | $22.3M |
| Interest expense, net of capitalized interest | $128.6M | $130.3M | $123.0M | $85.8M |
| INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF AFFILIATES | $426.5M | $369.4M | $310.1M | $342.9M |
| Income tax provision | $97.0M | $84.9M | $49.3M | $76.2M |
| Equity in earnings of affiliates | $6.1M | $5.3M | $3.9M | $8.2M |
| NET INCOME | $335.6M | $289.8M | $264.7M | $274.9M |
| Basic (usd per share) | $3.35 | $2.94 | $2.73 | $2.86 |
| Diluted (usd per share) | $3.33 | $2.92 | $2.71 | $2.85 |
| Basic (in shares) | 100.2M | 98.6M | 97.0M | 96.1M |
| Diluted (in shares) | 100.8M | 99.3M | 97.6M | 96.5M |
| Line item | Jun 30, 2026 · Q3 | Mar 31, 2026 · Q2 | Dec 31, 2025 · Q1 | Jun 30, 2025 · Q3 |
|---|---|---|---|---|
| Utility | $200.9M | $640.9M | $409.9M | $204.8M |
| Nonutility | $148.3M | $298.5M | $195.0M | $94.2M |
| Total operating revenues | $349.2M | $939.4M | $604.9M | $298.9M |
| Natural gas purchases | $146.5M | $415.1M | $255.0M | $141.2M |
| Related parties | $1.3M | $1.2M | $1.3M | $1.3M |
| Operation and maintenance | $105.6M | $112.5M | $86.7M | $100.1M |
| Regulatory rider expenses | $10.4M | $59.5M | $33.2M | $11.0M |
| Depreciation and amortization | $53.5M | $50.1M | $49.6M | $47.0M |
| Gain on sale of assets | $0 | $0 | $0 | ($545.0K) |
| Total operating expenses | $317.3M | $638.4M | $425.6M | $300.0M |
| OPERATING INCOME (LOSS) | $31.9M | $301.0M | $179.2M | ($1.1M) |
| Other income, net | $14.8M | $16.3M | $11.4M | $11.0M |
| Interest expense, net of capitalized interest | $35.2M | $35.0M | $35.7M | $31.7M |
| INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF AFFILIATES | $11.5M | $282.3M | $154.9M | ($21.7M) |
| Income tax provision (benefit) | $3.4M | $66.2M | $34.2M | ($5.1M) |
| Equity in earnings of affiliates | $1.6M | $2.7M | $1.8M | $1.5M |
| NET INCOME (LOSS) | $9.7M | $218.9M | $122.5M | ($15.1M) |
| Basic (usd per share) | $0.10 | $2.17 | $1.22 | -$0.15 |
| Diluted (usd per share) | $0.10 | $2.16 | $1.21 | -$0.15 |
| Basic (in shares) | 101.1M | 100.8M | 100.7M | 100.4M |
| Diluted (in shares) | 101.8M | 101.5M | 101.2M | 100.4M |
| Line item | Sep 30, 2025 · FY | Sep 30, 2024 · FY | Sep 30, 2023 · FY | Sep 30, 2022 · FY |
|---|---|---|---|---|
| Utility plant, at cost | $4.4B | $4.2B | $3.8B | $3.6B |
| Construction work in progress | $395.9M | $233.3M | $237.4M | $162.1M |
| Nonutility plant and equipment, at cost | $2.0B | $1.8B | $1.8B | $1.6B |
| Construction work in progress | $151.4M | $206.9M | $142.8M | $199.7M |
| Total property, plant and equipment | $7.0B | $6.5B | $6.0B | $5.5B |
| Accumulated depreciation and amortization, utility plant | ($850.8M) | ($786.6M) | ($714.1M) | ($659.7M) |
| Accumulated depreciation and amortization, nonutility plant and equipment | ($293.5M) | ($306.7M) | ($254.4M) | ($206.1M) |
| Property, plant and equipment, net | $5.8B | $5.4B | $5.0B | $4.6B |
| Cash and cash equivalents | $591.0K | $1.0M | $954.0K | $1.1M |
| Billed | $109.4M | $105.5M | $97.5M | $222.3M |
| Unbilled | $24.2M | $20.1M | $19.1M | $13.8M |
| Allowance for doubtful accounts | ($11.4M) | ($8.5M) | ($11.0M) | ($19.4M) |
| Regulatory assets | $48.9M | $73.1M | $73.6M | $40.1M |
| Natural gas in storage, at average cost | $215.8M | $199.1M | $199.5M | $273.6M |
| Materials and supplies, at average cost | $43.4M | $38.5M | $27.0M | $20.3M |
| Prepaid expenses | $10.8M | $11.8M | $9.7M | $8.6M |
| Prepaid taxes | $67.1M | $67.1M | $43.0M | $54.5M |
| Derivatives, at fair value | $12.5M | $6.8M | $30.8M | $24.6M |
| Restricted broker margin accounts | $8.9M | $13.2M | $20.8M | $94.3M |
| Other current assets | $39.5M | $26.9M | $21.1M | $22.3M |
| Total current assets | $569.9M | $554.6M | $532.1M | $756.1M |
| Investments in equity method investees | $101.2M | $101.7M | $104.1M | $106.6M |
| Regulatory assets | $672.5M | $609.2M | $584.8M | $500.7M |
| Operating lease assets | $185.6M | $184.5M | $175.7M | $168.5M |
| Derivatives, at fair value | $2.3M | $806.0K | $1.6M | $6.4M |
| Software costs | $11.2M | $10.5M | $8.4M | $6.1M |
| Deferred income taxes | $20.8M | $20.8M | $28.4M | — |
| Postemployment employee benefit assets | $40.8M | $24.7M | $18.7M | — |
| Notes receivable | $42.5M | — | — | — |
| Other noncurrent assets | $121.8M | $71.7M | $61.6M | $64.8M |
| Total noncurrent assets | $1.2B | $1.0B | $983.4M | $855.4M |
| Total assets | $7.6B | $7.0B | $6.5B | $6.3B |
| Common stock, $2.50 par value; authorized 150,000,000 shares; outstanding shares September 30, 2025 — 100,478,590; September 30, 2024 — 99,461,448 | 250.7M | 248.2M | 243.5M | 241.6M |
| Premium on common stock | $676.6M | $633.8M | $558.7M | $519.7M |
| Accumulated other comprehensive loss, net of tax | ($11.5M) | ($6.5M) | ($10.0M) | ($4.8M) |
| Treasury stock at cost and other; shares September 30, 2025 — 17,273; September 30, 2024 — 16,302 | 24.4M | 26.2M | 20.7M | -6.8M |
| Retained earnings | $1.5B | $1.3B | $1.2B | $1.1B |
| Common stock equity | $2.4B | $2.2B | $2.0B | $1.8B |
| Long-term debt | $3.3B | $2.9B | $2.8B | $2.5B |
| Total capitalization | $5.6B | $5.1B | $4.8B | $4.3B |
| Current maturities of long-term debt | $158.2M | $189.0M | $116.2M | $75.1M |
| Short-term debt | $195.6M | $291.8M | $252.1M | $423.9M |
| Natural gas purchases payable | $62.6M | $57.5M | $51.3M | $235.0M |
| Natural gas purchases payable to related parties | $641.0K | $875.0K | $859.0K | $851.0K |
| Deferred revenue | $22.6M | $21.6M | $61.4M | $35.5M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Utility plant, at cost | $4.8B | $4.6B | $4.5B | $4.4B |
| Construction work in progress | $378.8M | $449.3M | $398.4M | $354.2M |
| Nonutility plant and equipment, at cost | $2.1B | $2.0B | $2.0B | $1.8B |
| Construction work in progress | $216.6M | $278.1M | $217.4M | $255.7M |
| Total property, plant and equipment | $7.5B | $7.3B | $7.1B | $6.8B |
| Accumulated depreciation and amortization, utility plant | ($919.6M) | ($900.2M) | ($874.0M) | ($852.2M) |
| Accumulated depreciation and amortization, nonutility plant and equipment | ($331.5M) | ($318.6M) | ($306.0M) | ($280.2M) |
| Property, plant and equipment, net | $6.2B | $6.1B | $6.0B | $5.6B |
| Cash and cash equivalents | $34.0M | $125.3M | $2.4M | $931.0K |
| Billed | $190.8M | $291.1M | $260.1M | $173.3M |
| Unbilled revenues | $27.7M | $79.0M | $152.0M | $21.9M |
| Allowance for doubtful accounts | ($16.5M) | ($12.5M) | ($10.0M) | ($12.1M) |
| Regulatory assets | $32.2M | $32.0M | $29.2M | $46.2M |
| Natural gas in storage, at average cost | $152.9M | $60.5M | $191.1M | $168.2M |
| Materials and supplies, at average cost | $47.3M | $45.3M | $45.2M | $43.0M |
| Prepaid expenses | $16.3M | $19.5M | $20.0M | $15.1M |
| Prepaid taxes | $75.3M | $26.5M | $33.2M | $51.5M |
| Derivatives, at fair value | $6.7M | $9.5M | $13.1M | $7.7M |
| Restricted broker margin accounts | $8.9M | $8.8M | $5.4M | $12.7M |
| Other current assets | $43.8M | $45.4M | $39.6M | $34.0M |
| Total current assets | $619.4M | $730.3M | $781.3M | $562.3M |
| Investments in equity method investees | $101.4M | $102.8M | $101.6M | $101.0M |
| Regulatory assets | $650.1M | $619.8M | $664.7M | $615.9M |
| Operating lease assets | $198.4M | $188.2M | $188.9M | $191.9M |
| Derivatives, at fair value | $1.9M | $1.7M | $1.3M | $5.8M |
| Software costs | $11.0M | $11.2M | $11.2M | $10.8M |
| Deferred income taxes | $21.3M | $20.9M | $20.4M | $22.5M |
| Postemployment employee benefit assets | $44.1M | $43.0M | $41.9M | $25.7M |
| Notes receivable | $42.5M | $42.5M | $42.5M | — |
| Other noncurrent assets | $99.1M | $98.8M | $90.9M | $91.7M |
| Total noncurrent assets | $1.2B | $1.1B | $1.2B | $1.1B |
| Total assets | $8.0B | $7.9B | $7.9B | $7.3B |
| Common stock, $2.50 par value; authorized 150,000,000 shares; outstanding shares June 30, 2026 — 101,410,957; September 30, 2025 — 100,478,590 | 253.0M | 251.7M | 251.4M | 250.5M |
| Premium on common stock | $722.6M | $693.5M | $688.6M | $672.0M |
| Accumulated other comprehensive loss, net of tax | ($10.7M) | ($10.9M) | ($11.2M) | ($6.3M) |
| Treasury stock at cost and other; shares June 30, 2026 — 18,922; September 30, 2025 — 17,273 | 19.9M | 17.4M | 17.6M | 23.4M |
| Retained earnings | $1.7B | $1.7B | $1.5B | $1.5B |
| Common stock equity | $2.6B | $2.6B | $2.5B | $2.4B |
| Long-term debt | $3.2B | $3.3B | $3.3B | $3.0B |
| Total capitalization | $5.8B | $5.9B | $5.7B | $5.4B |
| Current maturities of long-term debt | $282.9M | $164.6M | $161.6M | $56.0M |
| Short-term debt | $220.0M | $150.0M | $369.0M | $306.6M |
| Natural gas purchases payable | $69.3M | $75.8M | $95.1M | $63.3M |
| Natural gas purchases payable to related parties | $640.0K | $641.0K | $640.0K | $646.0K |
| Deferred revenue | $20.1M | $21.1M | $21.4M | $23.5M |
| Line item | Sep 30, 2025 · FY | Sep 30, 2024 · FY | Sep 30, 2023 · FY | Sep 30, 2022 · FY |
|---|---|---|---|---|
| Net income | $335.6M | $289.8M | $264.7M | $274.9M |
| Unrealized (gain) loss on derivative instruments | ($12.1M) | $19.6M | ($38.1M) | ($59.9M) |
| Gain on sale of assets | ($58.2M) | — | — | — |
| Depreciation and amortization | $188.8M | $166.6M | $152.9M | $129.2M |
| Amortization of acquired wholesale energy contracts | $0 | $125.0K | $2.3M | $2.6M |
| Allowance for equity used during construction | ($10.0M) | ($6.9M) | ($7.1M) | ($11.2M) |
| Allowance for doubtful accounts | $10.0M | $1.2M | $1.6M | $2.4M |
| Non-cash lease expense | $4.5M | $4.7M | $3.7M | $4.8M |
| Deferred income taxes | $77.0M | $85.7M | $30.5M | $81.7M |
| Equivalent value of ITCs recognized on equipment financing | ($17.0M) | ($15.3M) | ($7.0M) | ($7.5M) |
| Manufactured gas plant remediation costs | ($12.9M) | ($23.5M) | ($9.6M) | ($17.5M) |
| Cost of removal - asset retirement obligations | ($2.0M) | ($1.7M) | ($1.5M) | ($1.3M) |
| Contributions to postemployment benefit plans | ($1.0M) | ($2.7M) | ($4.7M) | ($6.8M) |
| Taxes related to stock-based compensation | -1.9M | -1.2M | -588.0K | -144.0K |
| Components of working capital | ($31.9M) | ($61.1M) | $61.5M | ($77.7M) |
| Other noncurrent assets and liabilities | ($2.5M) | ($28.0M) | — | — |
| Cash flows from operating activities | $466.3M | $427.4M | $479.0M | $323.5M |
| Payments to acquire PP&E | ($660.0M) | ($522.9M) | ($500.4M) | ($559.1M) |
| Cost of removal | ($46.0M) | ($48.4M) | ($40.6M) | ($39.3M) |
| Distribution from equity investees in excess of equity in earnings | $612.0K | $2.2M | $2.3M | $2.3M |
| Proceeds from sale of assets | $137.2M | — | — | — |
| Cash flows used in investing activities | ($568.3M) | ($569.1M) | ($538.6M) | ($590.6M) |
| Proceeds from long-term debt | $300.0M | $250.0M | $225.0M | $360.0M |
| Payments of long-term debt | ($206.9M) | ($125.1M) | ($71.9M) | ($68.3M) |
| Payments of term loan | $0 | $0 | ($150.0M) | $0 |
| (Payments of) proceeds from short-term debt, net | ($96.2M) | $39.7M | ($21.9M) | ($103.3M) |
| Proceeds from sale leaseback transactions - solar | $251.2M | $64.7M | $167.8M | $24.1M |
| Proceeds from sale leaseback transactions - natural gas meters | $11.7M | $8.8M | $8.4M | $17.3M |
| Payments of common stock dividends | ($180.1M) | ($165.1M) | ($151.0M) | ($127.7M) |
| Proceeds from waiver discount issuance of common stock | $19.9M | $59.7M | $42.8M | — |
| Proceeds from issuance of common stock - DRP | $14.9M | $14.7M | $15.0M | $14.7M |
| Tax withholding payments related to net settled stock compensation | ($12.6M) | ($5.7M) | ($4.6M) | ($4.2M) |
| Cash flows from financing activities | $102.0M | $141.8M | $59.7M | $262.5M |
| Change in cash, cash equivalents and restricted cash | $37.0K | $95.0K | $65.0K | ($4.6M) |
| Cash, cash equivalents and restricted cash at beginning of period | $1.6M | $1.5M | $1.5M | $6.0M |
| Cash, cash equivalents and restricted cash at end of period | $1.6M | $1.6M | $1.5M | $1.5M |
| Receivables | ($15.1M) | ($12.7M) | $112.6M | ($16.7M) |
| Inventories | ($21.6M) | ($11.1M) | $67.4M | ($80.8M) |
| Recovery of natural gas costs | $6.9M | $734.0K | ($14.4M) | $1.0M |
| Natural gas purchases payable | $5.1M | $6.2M | ($183.8M) | $66.4M |
| Natural gas purchases payable - related parties | ($234.0K) | $16.0K | $8.0K | ($10.0K) |
| Deferred revenue | $1.0M | ($39.8M) | $934.0K | $33.8M |
| Accounts payable and other | $6.2M | $15.6M | $7.5M | ($34.3M) |
| Prepaid expenses | $906.0K | ($2.0M) | ($1.2M) | ($406.0K) |
| Prepaid and accrued taxes | $1.1M | ($23.5M) | $16.4M | ($1.5M) |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · YTD | Dec 31, 2025 · Q1 | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Total net income (loss) | $351.1M | $341.4M | $122.5M | $320.6M |
| Unrealized loss (gain) on derivative instruments | $4.5M | $1.7M | $3.0M | ($10.1M) |
| Gain on sale of assets | $0 | $0 | $0 | ($56.1M) |
| Depreciation and amortization | $153.3M | $99.7M | $49.6M | $140.3M |
| Allowance for equity used during construction | ($10.8M) | ($7.0M) | ($2.8M) | ($6.8M) |
| Allowance for doubtful accounts | $6.2M | $2.2M | ($659.0K) | $8.6M |
| Non cash lease expense | $3.3M | $2.2M | $1.1M | $3.3M |
| Deferred income taxes | $68.0M | $64.9M | $28.6M | $48.5M |
| Equivalent value of ITCs recognized on equipment financing | ($22.3M) | ($14.4M) | ($5.4M) | ($14.3M) |
| Manufactured gas plant remediation costs | ($3.3M) | ($1.9M) | ($972.0K) | ($7.3M) |
| Equity in earnings, net of distributions received from equity investees | ($246.0K) | ($1.6M) | ($360.0K) | — |
| Cost of removal - asset retirement obligations | ($1.5M) | ($1.0M) | ($511.0K) | ($1.3M) |
| Contributions to postemployment benefit plans | ($913.0K) | ($595.0K) | ($265.0K) | ($759.0K) |
| Components of working capital | ($8.4M) | $24.2M | ($208.8M) | ($50.2M) |
| Other noncurrent assets and liabilities | $39.1M | $79.5M | $41.7M | $8.9M |
| Cash flows from operating activities | $577.8M | $589.3M | $26.7M | $385.2M |
| Payments to acquire PP&E | ($522.2M) | ($359.2M) | ($168.7M) | ($410.6M) |
| Cost of removal | ($30.6M) | ($16.5M) | ($10.8M) | ($32.9M) |
| Distribution from equity investees in excess of equity in earnings | $0 | $0 | $0 | $625.0K |
| Proceeds from sale of assets | $0 | $0 | $0 | $136.9M |
| Cash flows used in investing activities | ($552.8M) | ($375.7M) | ($179.5M) | ($305.9M) |
| Proceeds from long-term debt | $15.0M | $0 | $0 | $100.0M |
| Payments of long-term debt | ($34.3M) | ($12.7M) | ($6.1M) | ($190.3M) |
| Proceeds from short-term debt, net | $24.4M | ($45.6M) | $173.4M | $14.8M |
| Proceeds from sale leaseback transactions - solar | $100.6M | $49.3M | $23.2M | $100.3M |
| Proceeds from sale leaseback transactions - natural gas meters | $15.0M | $15.0M | $15.0M | $11.7M |
| Payments of common stock dividends | ($143.5M) | ($95.6M) | ($47.7M) | ($134.9M) |
| Proceeds from waiver discount issuance of common stock | $26.9M | $0 | $0 | $19.9M |
| Proceeds from issuance of common stock - DRP | $11.3M | $7.6M | $3.8M | $11.2M |
| Tax withholding payments related to net settled stock compensation | ($6.9M) | ($6.9M) | ($6.9M) | ($11.6M) |
| Cash flows from (used in) financing activities | $8.5M | ($88.9M) | $154.8M | ($78.9M) |
| Change in cash, cash equivalents and restricted cash | $33.5M | $124.8M | $1.9M | $377.0K |
| Cash, cash equivalents and restricted cash at beginning of period | $1.6M | $1.6M | $1.6M | $1.6M |
| Cash, cash equivalents and restricted cash at end of period | $35.1M | $126.4M | $3.6M | $2.0M |
| Receivables | ($86.0M) | ($237.6M) | ($279.2M) | ($74.6M) |
| Inventories | $59.0M | $153.4M | $22.9M | $26.4M |
| Recovery of natural gas costs | $80.2M | $81.9M | $33.5M | $5.6M |
| Natural gas purchases payable | $6.7M | $13.2M | $32.5M | $5.8M |
| Natural gas purchases payable - related parties | ($1.0K) | — | ($1.0K) | ($229.0K) |
| Deferred revenue, current | ($2.5M) | ($1.5M) | ($1.2M) | $1.9M |
| Accounts payable and other | ($27.4M) | ($5.5M) | ($48.9M) | ($29.6M) |
| Prepaid expenses | ($5.4M) | ($8.6M) | ($9.2M) | ($3.3M) |
| Prepaid and accrued taxes | ($3.0M) | $60.3M | $35.4M | $24.1M |
| Restricted broker margin accounts | ($10.2M) | ($17.7M) | ($2.4M) | $12.4M |
| Customers' credit balances and deposits | ($15.1M) | ($8.4M) | $8.9M | ($14.7M) |
New Jersey Resources Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.