New Jersey Resources Corporation (NJR) AI Stock Analysis

New Jersey Resources Corporation is an energy services holding company structured into four main operating segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. Its Natural Gas Distribution segment delivers regulated natural gas utility services to approximately 569,300 residential and commercial customers across multiple New Jersey counties, while also conducting off-system sales and capacity release. Clean Energy Ventures invests in, owns, and operates commercial and residential solar installations in New Jersey, Connecticut, Rhode Island, and New York. The Energy Services unit provides wholesale energy management and manages transportation and storage contracts across the United States and Canada, while the Storage and Transportation segment invests in natural gas facilities.

NJR grew revenue to $2.03B in FY2025, an increase of 13.9% following a 7.5% drop in FY2024 to $1.78B. Between FY2020 and FY2025, revenue grew at a 5-year CAGR of 0.8%. Annual net income rose consistently from $117.9M in FY2021 to $335.6M in FY2025, expanding net margins from 5.5% to 16.5%. Diluted EPS grew from $2.15 in FY2021 to $3.29 in FY2025. In the latest quarter ended June 30, 2026, quarterly revenue climbed 16.8% year-over-year, while quarterly earnings grew 6.9%. Over the trailing twelve months, revenue reached $2.23B with an operating margin of 9.1% and EPS of $3.61.

As of June 30, 2026, New Jersey Resources held $34.0M in cash and short-term investments against $3.88B in total debt, leading to net debt of $3.85B. Shareholders' equity was $2.64B, resulting in a debt-to-equity ratio of 1.47 and a current ratio of 0.66. Operating cash flow stood at $466.3M in FY2025, but capital expenditures of $706.1M resulted in free cash flow of -$239.7M. During FY2025, the company paid $180.1M in dividends and raised $34.8M through share issuance, with the 5-year share count rising 5.6%.

At $52.19, NJR trades at a trailing P/E of 14.5x and a forward P/E of 14.9x, both below the median of its US-listed Utilities peers of 20.6x and 17.2x, respectively. Its enterprise value stands at $9.20B, yielding an EV/EBITDA of 11.4x compared to the peer median of 12.1x. Its price-to-sales ratio is 2.4x, matching the peer group median. Over the past year, the stock returned 16.8%, matching the S&P 500 (SPY), but its 5-year return of 66.2% trails the index return of 83.0%.

NJR offers a forward annual dividend of $2.00 per share, yielding 3.83% with a payout ratio of 52.9%. The company has paid dividends for 41 consecutive years, delivering a 5-year annualized dividend growth rate of 7.4%. Dividends are distributed on a quarterly frequency, with the last ex-dividend date occurring on September 24, 2026.

Wall Street coverage consists of 3 Strong Buy, 2 Buy, and 3 Hold ratings, with no Sell or Strong Sell ratings. The average price target of $59.71 indicates 14.4% upside compared to the last close of $52.19. For the current fiscal year ending September 30, 2026, analysts estimate EPS of $3.57 on revenue of $2.19B. For the next fiscal year, 8 analysts project EPS of $3.44 on revenue of $2.18B. The company beat EPS estimates in 3 of the last 4 quarters, and its next earnings report is scheduled for November 18, 2026.

This page is an AI-written research summary of New Jersey Resources Corporation (NJR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: NJR income statement, NJR balance sheet, NJR key metrics, NJR analyst forecast, NJR chart. See the NJR stock overview for the latest quote and news.