NewJersey Resources (NJR) financial statements
NewJersey Resources reported revenue of $2.0B in fiscal 2025, up 0.9% a year over 9 years.
Net income was $336M and the operating margin 25.0%, against 8.9% in 2016.
The diluted share count rose 16% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from NewJersey Resources's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.9B | $2.3B | $2.9B | $2.6B | $2.0B | $2.2B | $2.9B | $2.0B | $1.8B | $2.0B |
| Cost of revenue | $1.1B | $1.4B | $2.0B | — | — | — | — | — | — | — |
| Gross profit | $742M | $832M | $924M | — | — | — | — | — | — | — |
| Operating income | $168M | $171M | $200M | $165M | $229M | $288M | $406M | $407M | $458M | $509M |
| Interest expense | $31M | $45M | $46M | $47M | $68M | $79M | $86M | $123M | $130M | $129M |
| Pre-tax income | $146M | $137M | $167M | $129M | $185M | $234M | $343M | $310M | $369M | $427M |
| Income tax | $24M | $18M | -$54M | $18M | $36M | $33M | $76M | $49M | $85M | $97M |
| Net income | $132M | $132M | $233M | $124M | $163M | $118M | $275M | $265M | $290M | $336M |
| EPS (diluted) | $1.52 | $1.52 | $2.64 | $1.38 | $1.71 | $1.22 | $2.85 | $2.71 | $2.92 | $3.33 |
| Diluted shares | 87M | 87M | 88M | 90M | 95M | 97M | 96M | 98M | 99M | 101M |
| Gross margin | 39.4% | 36.7% | 31.7% | — | — | — | — | — | — | — |
| Operating margin | 8.9% | 7.5% | 6.9% | 6.3% | 11.7% | 13.4% | 14.0% | 20.7% | 25.5% | 25.0% |
| Net margin | 7.0% | 5.8% | 8.0% | 4.8% | 8.3% | 5.5% | 9.5% | 13.5% | 16.1% | 16.5% |
Balance sheet
Fiscal years, from NewJersey Resources's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $38M | $2M | $1M | $3M | $117M | $5M | $1M | $954,000 | $1M | $591,000 |
| Total current assets | $607M | $579M | $770M | $512M | $622M | $634M | $756M | $532M | $555M | $570M |
| Property, plant and equipment | $2.4B | $2.6B | $2.7B | $3.0B | — | — | — | — | — | — |
| Total assets | $3.7B | $3.9B | $4.1B | $4.2B | $5.3B | $5.7B | $6.3B | $6.5B | $7.0B | $7.6B |
| Total current liabilities | $572M | $803M | $751M | $446M | $534M | $1.1B | $1.1B | $807M | $888M | $781M |
| Long-term debt | $1.1B | $997M | $1.2B | $1.5B | $2.3B | $2.2B | $2.5B | $2.8B | $2.9B | $3.3B |
| Total liabilities | $2.6B | $2.7B | $2.8B | $3.0B | $3.7B | $4.1B | $4.4B | $4.5B | $4.8B | $5.2B |
| Shareholders' equity | $1.2B | $1.2B | $1.3B | $1.4B | $1.6B | $1.6B | $1.8B | $2.0B | $2.2B | $2.4B |
| Net debt | $1.0B | $995M | $1.2B | $1.5B | $2.1B | $2.2B | $2.5B | $2.8B | $2.9B | $3.2B |
Cash flow
Fiscal years, from NewJersey Resources's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $143M | $248M | $398M | $194M | $213M | $391M | $323M | $479M | $427M | $466M |
| Capital spending | $176M | $144M | $207M | $300M | — | — | — | — | — | — |
| Free cash flow | -$33M | $104M | $191M | -$106M | — | — | — | — | — | — |
| Stock-based compensation | $7M | $6M | $13M | $10M | $7M | $7M | $15M | $15M | $16M | $18M |
| Dividends paid | $82M | $88M | $96M | $104M | $118M | $117M | $128M | $151M | $165M | $180M |
| Share buybacks (net) | -$1M | -$6M | $0 | $0 | $0 | -$27M | $0 | $0 | — | — |
| Net borrowing | $317M | $146M | -$55M | $123M | $100M | $252M | -$103M | -$22M | $40M | -$96M |
| Free cash flow margin | -1.8% | 4.6% | 6.6% | -4.1% | — | — | — | — | — | — |
| Dividends per share | $0.95 | $1.01 | $1.09 | $1.16 | $1.24 | $1.21 | $1.32 | $1.55 | $1.66 | $1.79 |
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What was NewJersey Resources's revenue in 2025?
$2.0B in fiscal 2025, from its 10-K filing.
From NewJersey Resources's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.