MARKETS / NYSE / NJR
NYSE · NATURAL GAS DISTRIBUTION · LARGE CAP

NEW Jersey Resources Corporation NJR

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY11 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$1.4B
▲ 9.9% vs FY2024
Dividend streak
11 yrs
Raised every year since 2015
EPS · FY25
$3.33
Dividend / sh · FY25
$1.82
Payout · FY25
54%
ROE · FY25
14.6%
Net margin · FY25
24.8%
Dividend coverage
1.8×
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Result
USD 1.4B
Revenue, FY2025 · full 18-year series below
Revenue Net income
12341.40.32008201120142017202020232025
12341.40.32016201920222025

25 cents of every revenue dollar became profit this year.

Per share
USD 3.33
Diluted EPS, FY2025
EPS Dividend
241.823.332008201120142017202020232025
241.823.332016201920222025

Earnings covered the dividend 1.8 times — the rest stayed in the company.

Profitability
14.6%
Return on equity, FY2025
ROE
510152014.6%2008201120142017202020232025
510152014.6%2016201920222025
Operating margin37.7%
Net margin24.8%
Return on assets4.6%

Each USD of equity produced 15 cents of profit this year.

Returned to shareholders
USD 180.1M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 180.1M
Net buybacks
Share of profit53.7%
Consecutive raises11 years

USD 180.1M in dividends — 54% of the year's profit went back to shareholders.

Growth
+10.1% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+4.1%
+10.1%
−6.8%
−4.4%
Net income
+6.9%
+15.5%
+6.4%
+7.3%
EPS, diluted
+5.3%
+14.3%
+4.7%
Dividend / share
+7.3%
+7.5%
+7.1%
Returned to shareholders
+12.1%
+8.9%
+8.9%
+5.9%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.10B
Shares outstanding, FY2025
0.040.102008201120142017202020232025
0.090.102016201920222025
Change, 5 years+4.7%
Change, 10 years+17.5%

The share count grew 5% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 7.6B
total assets, end of FY2025
Total assetsUSD 7.6B
EquityUSD 2.4B
CashUSD 591,000.00
Gross debtUSD 3.4B
Net debtUSD 3.4B
Current ratio0.73×

Net debt stands at 144% of equity.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
1.4
1.2
1.1
1.2
0.9
0.8
0.8
2.9
2.3
1.9
2.7
3.7
3.2
2.2
3.0
2.6
2.6
3.8
Operating income $B
0.5
0.5
0.4
0.4
0.3
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.1
0.1
0.2
0.0
0.2
EBITDA $B
0.7
0.6
0.6
0.5
0.4
0.3
0.2
0.3
0.3
0.2
0.3
0.3
0.2
0.2
0.2
0.2
0.1
0.2
Income tax $B
0.1
0.1
0.0
0.1
0.0
0.0
0.0
−0.1
0.0
0.0
0.1
0.1
0.0
0.0
0.0
0.1
0.0
0.1
Net income $B
0.3
0.3
0.3
0.3
0.1
0.2
0.1
0.2
0.1
0.1
0.2
0.1
0.1
0.1
0.1
0.1
0.0
0.1
EPS, diluted $
3.33
2.92
2.71
2.85
1.22
1.71
1.38
2.64
1.52
1.52
2.10
1.67
1.37
2.23
2.44
2.82
0.64
2.59
Dividend / sh $
1.82
1.71
1.59
1.48
1.36
1.27
1.19
1.11
1.04
0.97
0.92
0.85
0.81
1.54
1.44
1.36
1.24
1.11
Payout %
54
57
57
46
99
72
84
41
67
63
42
50
59
66
58
45
187
41
ROE %
14.6
13.8
13.9
15.9
7.2
10.8
9.3
18.4
11.0
11.6
17.5
15.3
13.5
11.7
13.5
16.6
3.8
15.0
Shares out B
0.10
0.10
0.10
0.10
0.10
0.10
0.09
0.09
0.09
0.09
0.09
0.08
0.04
0.04
0.04
0.04
0.04
0.04

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
52 of 52
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed