NJR on NYSE

New Jersey Resources

Logo: https://www.njresources.com/, Non-free logo, via Wikipedia5

New Jersey Resources is an energy services holding company based in Wall Township, New Jersey. It is a Fortune 1000 company, and a member of the Forbes Platinum 400.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 19, 2026.

Overview

$1.4BRevenue, fiscal 20256
$335.6MNet income, fiscal 20256

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  • TickerNJR on NYSE1
  • IndustryNatural Gas Distribution1
  • HeadquartersWall, United States1
  • Websitewww.njresources.com
  • Incorporated inNJ7
  • Business address1415 Wyckoff Rd, Po Box 1468, Wall, Nj 077197
  • Filer categoryLarge accelerated filer7
  • Legal formBusiness Corporation4
  • LEI549300QKBSQBIX4DQ5834
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressPO Box 1468, 07719 Wall, United States4
  • Registered withBusiness Records Service (Division of Revenue & Enterprise Services), 01001540604

New Jersey Resources is an energy services holding company based in Wall Township, New Jersey. It is a Fortune 1000 company, and a member of the Forbes Platinum 400. New Jersey Natural Gas is its principal subsidiary.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

37.7%Operating margin6
24.8%Net margin6
9.9%Revenue growth, 20256
14.0%Return on equity6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Natural Gas Utility brought in 81% of the revenue New Jersey Resources broke down this way in fiscal 2025.

  1. Natural Gas Utility$1.1B681%up 27% from 2024
  2. Wholesale Natural Gas$154.1M611%down 41% from 2024
  3. Service Contracts$37.3M63%up 3% from 2024
  4. Electricity$27.2M62%down 17% from 2024
  5. Installation and Maintenance$25.6M62%down 3% from 2024
  6. Renewable Energy Certificates$17.6M61%up 16% from 2024
Products and services by year
Products and services202320242025
Natural Gas Utility$845.4M$861.9M$1.1B
Wholesale Natural Gas$169.8M$260.4M$154.1M
Service Contracts$35.2M$36.2M$37.3M
Electricity$31.7M$32.9M$27.2M
Installation and Maintenance$22.4M$26.4M$25.6M
Renewable Energy Certificates$12.6M$15.1M$17.6M

Business segments

Natural Gas Distribution (NJNG) brought in 81% of the revenue New Jersey Resources broke down this way in fiscal 2025.

  1. Natural Gas Distribution (NJNG)$1.1B681%up 27% from 2024
  2. Storage And Transportation (S&T)$106.4M68%up 12% from 2024
  3. Corporate Segment and Other Operating$61.4M65%down 5% from 2024
  4. Energy Services (ES)$47.7M64%down 71% from 2024
  5. Clean Energy Ventures (CEV)$44.8M63%down 7% from 2024
Business segments by year
Business segments202320242025
Natural Gas Distribution (NJNG)$844.0M$860.5M$1.1B
Storage And Transportation (S&T)$88.7M$94.9M$106.4M
Corporate Segment and Other Operating$41.8M$64.5M$61.4M
Energy Services (ES)$77.0M$164.2M$47.7M
Clean Energy Ventures (CEV)$44.4M$48.0M$44.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs68¢$918.7M
  • Income tax7¢$97.0M
  • Profit25¢$335.6M

Out of $1.4B in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid39¢$180.1M
  • Kept or used elsewhere61¢$286.3M

Out of $466.3M of cash from operations.6

Financial statements

Revenue121314156$1.4B in 2025+73% since 2019
0$500.0M$1.0B$1.5B2019: $782.3M$782.3M20192020: $833.7M$833.7M2020+7%2021: $852.1M$852.1M2021+2%2022: $1.2B$1.2B2022+41%2023: $1.1B$1.1B2023−7%2024: $1.2B$1.2B2024+11%2025: $1.4B$1.4B2025+10%
Operating income16121314156$508.9M in 2025+155% since 2018
0$200.0M$400.0M$600.0M2018: $199.9M$199.9M20182019: $164.6M$164.6M2019−18%2020: $228.9M$228.9M2020+39%2021: $288.4M$288.4M2021+26%2022: $406.5M$406.5M2022+41%2023: $407.0M$407.0M2023+0%2024: $458.1M$458.1M2024+13%2025: $508.9M$508.9M2025+11%
Net income16121314156$335.6M in 2025+44% since 2018
0$100.0M$200.0M$300.0M$400.0M2018: $233.4M$233.4M20182019: $123.9M$123.9M2019−47%2020: $163.0M$163.0M2020+32%2021: $117.9M$117.9M2021−28%2022: $274.9M$274.9M2022+133%2023: $264.7M$264.7M2023−4%2024: $289.8M$289.8M2024+9%2025: $335.6M$335.6M2025+16%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-09-302024-09-302023-09-30
Utility$1.3B$1.0B$1.0B
Nonutility$734.9M$778.1M$951.7M
Total operating revenues$2.0B$1.8B$2.0B
Related parties$6.0M$7.1M$7.2M
Operation and maintenance$410.5M$394.6M$373.6M
Regulatory rider expenses$87.2M$60.3M$50.5M
Depreciation and amortization$188.8M$166.6M$152.9M
Gain on sale of assets-$58.2M$0$0
Total operating expenses$1.5B$1.3B$1.6B
OPERATING INCOME$508.9M$458.1M$407.0M
Other income, net$46.2M$41.6M$26.1M
Interest expense, net of capitalized interest$128.6M$130.3M$123.0M
INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF AFFILIATES$426.5M$369.4M$310.1M
Income tax provision$97.0M$84.9M$49.3M
Equity in earnings of affiliates$6.1M$5.3M$3.9M
NET INCOME$335.6M$289.8M$264.7M
Basic (usd per share)$3.35$2.94$2.73
Diluted (usd per share)$3.33$2.92$2.71
Basic (in shares)100.2M shares98.6M shares97.0M shares
Diluted (in shares)100.8M shares99.3M shares97.6M shares

Compare New Jersey Resources with another company

Leadership

Who has led New Jersey Resources, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (48)

Subsidiaries and ownership

Subsidiaries (GLEIF)

Also consolidated

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Timeline

  1. Oct 2, 2019New chief executive Stephen D. Westhoven becomes CEO20
  2. Feb 10, 2006New chief executive Laurence M. Downes becomes CEO21
  3. Nov 12, 1981Founded New Jersey Resources is founded4

Filings

316 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 57 major events, 186 insider forms, 17 large holders, 35 other. The latest 20:

  1. Oct 2, 20264 EDGAR
  2. Aug 20, 20268-K EDGAR
  3. Aug 17, 20264 EDGAR
  4. Aug 17, 2026144 EDGAR
  5. Aug 4, 202610-Q 10-Q JUNE 30, 2026 EDGAR
  6. Aug 3, 20268-K EDGAR
  7. Jun 24, 202611-K EDGAR
  8. Jun 1, 20268-K EDGAR
  9. May 26, 20264 EDGAR
  10. May 13, 20264 EDGAR
  11. May 13, 2026144 EDGAR
  12. May 12, 2026SCHEDULE 13G EDGAR
  13. May 11, 20264 EDGAR
  14. May 8, 2026144 EDGAR
  15. May 5, 202610-Q 10-Q MARCH 31, 2026 EDGAR
  16. May 4, 20268-K EDGAR
  17. Apr 30, 2026SCHEDULE 13G EDGAR
  18. Apr 29, 2026SCHEDULE 13G EDGAR
  19. Mar 27, 2026SCHEDULE 13G/A EDGAR
  20. Mar 20, 20264 EDGAR

The 316 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

25 open-market trades by officers, directors and large owners since October 2021: 1 buys and 24 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 14, 2026Migliaccio Patrick J.Senior VP and COO, NJNGSale3,000$55.63$166.9KForm 4
May 22, 2026D'Antuono Christopher T.Corporate Controller and PAOSale1,150$57.34$65.9KForm 4
May 11, 2026Migliaccio Patrick J.Senior VP and COO, NJNGSale3,000$55.84$167.5KForm 4
May 8, 2026KENNY JANE MDirectorSale8,000$56.10$448.8KForm 4
Mar 19, 2026Reich RichardSVP and Gen CounselSale5,449$52.99$288.7KForm 4
Mar 16, 2026Bel RobertoSVP and CFOSale6,105$55.10$336.4KForm 4
Dec 23, 2025Migliaccio Patrick J.Senior VP and COO, NJNGSale4,017$46.46$186.6KForm 4
Jun 18, 2025Migliaccio Patrick J.Senior VP and COO, NJNGSale1,500$44.22$66.3KForm 4
Mar 31, 2025Bel RobertoSVP and CFOSale1,173$50.00$58.6KForm 4
Mar 24, 2025Bel RobertoSVP and CFOSale2,346$48.58$114.0KForm 4
Dec 23, 2024Migliaccio Patrick J.Senior VP and COO, NJNGSale4,983$46.00$229.2KForm 4
Aug 21, 2024Migliaccio Patrick J.Senior VP and COO, NJNGSale2,500$45.88$114.7KForm 4
Jul 16, 2024Westhoven Stephen DPresident & CEOSale26,600$45.06$1.2MForm 4
Jul 12, 2024Westhoven Stephen DPresident & CEOSale3,400$45.00$153.0KForm 4
Jun 14, 2024KENNY JANE MDirectorSale8,300$42.20$350.3KForm 4
Jun 13, 2024KENNY JANE MDirectorSale0$42.44$7Form 4
May 23, 2024Westhoven Stephen DPresident & CEOSale20,000$42.82$856.4KForm 4
Mar 12, 2024Migliaccio Patrick J.Senior VP and COO, NJNGSale3,000$42.71$128.1KForm 4
Dec 21, 2023Migliaccio Patrick J.Senior VP and COO, NJNGSale3,579$44.29$158.5KForm 4
May 12, 2023Westhoven Stephen DPresident & CEOSale5,000$50.04$250.2KForm 4

All 25 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.17,993,218$1.0B0.0%+611,379
Vanguard Portfolio Management LLC6,342,251$355.4M0.0%+469,688
State Street Corp5,418,885$306.1M0.0%+343,537
Vanguard Capital Management LLC4,542,869$254.6M0.0%+40,591
Dimensional Fund Advisors LP4,313,917$241.8M0.0%+172,587
Geode Capital Management, LLC3,094,446$173.4M0.0%+492,943
Wells Fargo & Company/mn2,343,079$131.3M0.0%−125,511
Aqr Capital Management LLC1,887,829$105.8M0.0%+723,414
Morgan Stanley1,699,371$95.2M0.0%+394,480
Neuberger Berman Group LLC1,611,450$90.4M0.1%+97,671
Energy Income Partners, LLC1,402,434$78.6M1.2%−13,567
Northern Trust Corp1,352,798$75.8M0.0%+57,791
Norges Bank1,251,671$70.1M0.0%New
Charles Schwab Investment Management Inc1,200,806$67.3M0.0%+4,922
Nomura Asset Management International Inc.1,101,347$61.7M0.1%−9,405
Jpmorgan Chase & Co1,062,877$60.8M0.0%+421,542
Bank of New York Mellon Corp1,030,009$57.7M0.0%−33,075
Victory Capital Management Inc854,608$47.9M0.0%+226,299
Fmr LLC846,227$47.4M0.0%+47,696
Royal London Asset Management Ltd830,283$46.5M0.1%−9,869
Bragg Financial Advisors, Inc803,472$45.0M1.2%+50,039
First Trust Advisors LP803,138$45.0M0.0%−122,066
Vanguard Fiduciary Trust Co672,636$37.7M0.0%+18,049
ProShare Advisors LLC625,515$35.1M0.1%−47,337
Caisse de depot et placement du Quebec533,628$29.9M0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jun 11, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+13.3%Report
Jun 9, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−14.0%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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