A Business at a Glance
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ORGANIZATIONAL STRUCTURE New Jersey Resources Corporation is a New Jersey corporation and a diversified energy services holding company whose principal business is the distribution of natural gas through a regulated utility, investing in and operating clean energy projects and natural gas storage and transportation assets, and providing other retail and wholesale energy services to customers. We are an exempt holding company under Section 1263 of the Energy Policy Act of 2005. Our primary subsidiaries include the following: New Jersey Natural Gas Company provides regulated natural gas utility service to residential and commercial customers throughout Burlington, Middlesex, Monmouth, Morris, Ocean and Sussex counties in New Jersey and participates in the off-system sales and capacity release markets. NJNG, a local natural gas distribution company, is regulated by the BPU and comprises the Company’s Natural Gas Distribution segment.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.4B | 1.4B | 1.2B | 1.1B | 1.2B | 852M |
| Net Income | 327M | 336M | 290M | 265M | 275M | 118M |
| EPS | $3.25 | $3.33 | $2.92 | $2.71 | $2.85 | $1.22 |
| Free Cash Flow | 418M | 405M | 405M | 453M | 289M | 326M |
| ROIC | 6.2% | 6.9% | 6.7% | 6.9% | 7.1% | 5.9% |
| Gross Margin | - | 10.4% | 15.3% | - | 46.5% | 49.8% |
| Debt/Equity | 1.54 | 1.51 | 1.53 | 1.58 | 1.64 | 1.60 |
| Dividends/Share | $1.82 | $1.83 | $1.71 | $1.59 | $1.48 | $1.36 |
| Operating Income | 498M | 509M | 458M | 407M | 406M | 288M |
| Operating Margin | 34.8% | 37.7% | 37.2% | 36.6% | 33.9% | 33.8% |
| ROE | 13.2% | 14.6% | 13.8% | 13.9% | 15.9% | 6.8% |
| Shares Outstanding | 101M | 101M | 99M | 98M | 96M | 97M |
NEW JERSEY RESOURCES CORP passes 4 of 9 quality checks, suggesting mixed fundamentals.
NEW JERSEY RESOURCES CORP trades at 17.3x trailing earnings, compared to its 15-year median P/E of 14.7x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 13.5x vs a median of 11.4x. The company's 5-year average ROIC is 6.7% with a gross margin of 30.5%. Total shareholder yield (dividends) is 3.2%. At current prices, the estimated annualized return to fair value is +28.5%.
NEW JERSEY RESOURCES CORP (NJR) has a current P/E ratio of 17.3, compared to its historical median P/E of 14.7. The stock is currently considered Fair based on its historical valuation range.
NEW JERSEY RESOURCES CORP (NJR) has a 5-year average return on invested capital (ROIC) of 6.7%. This is below average and may indicate limited pricing power.
NEW JERSEY RESOURCES CORP (NJR) has a market capitalization of $5.6B. It is classified as a mid-cap stock.
Yes, NEW JERSEY RESOURCES CORP (NJR) pays a dividend with a trailing twelve-month yield of 3.25%.
Based on historical P/E analysis, NEW JERSEY RESOURCES CORP (NJR) appears fair. The current P/E of 17.3 is 18% above its historical median of 14.7. The estimated fair value CAGR (P/E method) is 11.2%.
NEW JERSEY RESOURCES CORP (NJR) operates in the Natural Gas Distribution industry, within the Utilities sector.
NEW JERSEY RESOURCES CORP (NJR) reported annual revenue of $1.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
NEW JERSEY RESOURCES CORP (NJR) has a net profit margin of 24.8%. This is a strong margin indicating high profitability.
NEW JERSEY RESOURCES CORP (NJR) generated $405 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
NEW JERSEY RESOURCES CORP (NJR) has a debt-to-equity ratio of 1.51. This indicates higher leverage, which may increase financial risk.
NEW JERSEY RESOURCES CORP (NJR) reported earnings per share (EPS) of $3.33 in its most recent fiscal year.
NEW JERSEY RESOURCES CORP (NJR) has a return on equity (ROE) of 14.6%. This indicates moderate shareholder returns.
NEW JERSEY RESOURCES CORP (NJR) has a 5-year average gross margin of 30.5%. This indicates decent pricing power.
The Ledger Terminal provides 18 years of financial data for NEW JERSEY RESOURCES CORP (NJR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NEW JERSEY RESOURCES CORP (NJR) has a book value per share of $23.73, based on its most recent annual SEC filing.
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