Company Analysis

New Jersey Resources Corp (NJR)

NYSE: NJR · Natural Gas Distribution · Wall, NJ · filing with the SEC since 1994
Grade6.2
◀ Past 7.5● Present 5.8▶ Future 5.6

The grade of New Jersey Resources Corp

Nine metrics read from its own filings, by tense
Headline grade
6.2/10
◀ Past7.525% of the headline
● Present5.845% of the headline
▶ Future5.630% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

7.5/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.9/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 79th percentile among 14 sector filers · read for itself

From the record

New Jersey Resources Corp's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.5/10

What has it actually done, year after year?

+9.5% a year over 7 filed years; profitable in 7 of 7.

weight 22% of this tense · 75th percentile among 14 sector filers · read for its customers

From the record

New Jersey Resources Corp's 7 filed years say what it did: revenue went from $782 million in fiscal 2019 to $1.4 billion in fiscal 2025, up 9.5% a year; it rose in 5 of 6 years; the deepest fall was 7% from fiscal 2022 to fiscal 2023; net income was positive in 7 of 7 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span9.5%bottom 46% of its family
  • the share of years revenue rosetop 7% of its family
  • the share of filed years with a profittop 21% of its family
  • the deepest fall from a revenue peak7.3%top 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
6.9/10

How has it treated the people who own it?

Share count grew 1.5% a year. 36% of cash flow returned. Insiders: 9 sales, 0 purchases.

weight 33% of this tense · 69th percentile among 12 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-09-30, New Jersey Resources Corp's diluted share count grew about 1.5% a year, and dividends and buybacks returned about 36% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 9 sales (4 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-10-16 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 42% of its family
  • cash returned against operating cash flowtop 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.8/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
5.8/10

Is it financially healthy right now?

ROE 14%: 14¢ of profit per shareholder dollar. Leverage 68%: owes 68¢ per asset dollar.

weight 45% of this tense · 58th percentile among 13 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-09-30, New Jersey Resources Corp earned about 14 cents of profit for every dollar of shareholders' money. Leverage: it owed about 68 cents per dollar of assets, and net share issuance: its share count grew 1.5% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 42% of its family
  • return on equitytop 35% of its family
  • the share count against the year beforetop 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.9/10

How strong is its position in its industry?

top 41% of 14 in its family; net margin 24.8%.

weight 33% of this tense · 59th percentile among 14 sector filers · read for its customers

From the record

New Jersey Resources Corp's standing among 14 graded names in its industry family: revenue of $1.4 billion in fiscal 2025 ranks in the bottom 35% by size; a net margin of 24.8% ranks in the top 25%; revenue growth of 4.1% a year over the last 3 filed years ranks in the top 32% (its annual reports).

What it rests on

  • revenue against the family$1.35Bbottom 35% of its family
  • net margin24.8%top 25% of its family
  • three-year revenue growth4.1%top 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
5.6/10

What are the people in charge doing?

top 44% of 9 in its family for leadership; chief executive since 2019.

weight 22% of this tense · 56th percentile among 9 sector filers · read for its shareholders

From the record

New Jersey Resources Corp's leadership, from its insiders' filings and its current reports: the chief executive on the record is Westhoven, Stephen D (President & CEO, as filed), filing under that title since 2019-10-02, 7.1 years (top 50% of its family); the 20 officers and directors filing in the last fifteen months have been on the record a median of 6.4 years (top 50%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 20 people in charge now (top 32%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge7 in three years among 20 peopletop 32% of its family
  • the median years the people in charge have filed6.4 yearstop 50% of its family
  • the chief executive's years on the record7.1 yearstop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.6/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.7/10

How much room does it have to grow?

top 43% of 13 in its family for room to expand.

weight 22% of this tense · 57th percentile among 13 sector filers · read for itself

From the record

New Jersey Resources Corp's room to grow, from the newest filed statements (fiscal 2025): cash of $591 thousand against debt of $3.3 billion leaves -42.9% of its assets as net cash, bottom 25% of its family; cash from operations less capital spending is 34.5% of revenue (top 12%) (its annual report).

What it rests on

  • cash less debt against assets-42.9%bottom 25% of its family
  • cash from operations less capital spending against revenue34.5%top 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.5/10

What could actually drive growth from here?

top 45% of 14 in its family for growth drivers.

weight 45% of this tense · 55th percentile among 14 sector filers · read for its customers

From the record

New Jersey Resources Corp's growth drivers, from the filed years to fiscal 2025: revenue grew 4.1% a year over the last three filed years against 9.5% over all 7, slowing (bottom 46% of its family); the newest year grew 9.9% (bottom 39%); capital spending grew 19.5% a year (top 21%) (its annual reports). New Jersey Resources Corp tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-5.5 points a yearbottom 46% of its family
  • the newest year's revenue growth9.9%bottom 39% of its family
  • three-year growth of capital spending19.5%top 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.8/10

Did its newest year beat what its own record pointed to?

top 42% of 13 in its family for expectations against reality.

weight 33% of this tense · 58th percentile among 13 sector filers · read for its shareholders

From the record

New Jersey Resources Corp's newest year against its own record: revenue of $1.4 billion in fiscal 2025 came in 8.5% above the $1.2 billion its prior three years' pace pointed to (top 50% of its family); net income of $336 million against a prior three-year average of $276 million (top 42%); a net margin of 24.8% against 23.4% before (top 35%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace8.5%top 50% of its family
  • net income against the prior three years' average+21%top 42% of its family
  • net margin against its prior average+1.4 pointstop 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton NJR · research, not advice