NewJersey Resources (NJR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

NewJersey Resources

NYSE•Utilities•Utilities - Regulated Gas

$53.50+0.23(<0.01%)Pre-market

Market Cap

$5.41B

P/E

14.8x

P/S

2.4x

P/B

2.0x

New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to residential and commercial customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates clean energy projects, including commercial and residential solar installation situated in New Jersey, Rhode Island, New York, Connecticut, Michigan, Indiana, and Pennsylvania. The Energy Services segment maintains and transacts natural gas transportation and storage capacity contracts, as well as provides physical wholesale energy, retail energy and energy management services. The Storage and Transportation segment invests in energy-related ventures. It provides home services and other operations, such as heating, ventilation, and cooling services; sales and installation of appliances; electrical and generator service and installations; and plumbing repair and installation services, as well as holds commercial real estate properties. The company also offers shared administrative and financial services; and natural gas storage and transmission assets services. New Jersey Resources Corporation was founded in 1922 and is headquartered in Wall, New Jersey.

How this company scores

GoodMetricSide Score: 62/100

Strongest: Cash & Earnings Quality (22/25); weakest: Balance Sheet & Red Flags (12/25).

Profitability14/25

Growth14/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality22/25

Strengths

Rising free cash flowStrong marginsCash-backed earningsConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 14.8x5y range 10.9x – 47.2x

Currently near its 20-quarter median.

P/S · 2.4x5y range 1.3x – 2.6x

Currently near its 20-quarter median.

P/B · 2.0x5y range 1.9x – 2.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 21.9% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $5.41B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.23B
Q. Revenue: $349.18M
TTM EBITDA: $754.26M
TTM Op. Income: $552.53M
Q. Op. Income: $31.89M
TTM Net Income: $366.16M
Q. Net Income: $9.69M
EPS: $0.1
Shares Out.: $101.09M

$2.23B in TTM revenue grew 6.4% YoY, reaching $349.18M last quarter. TTM EBITDA of $754.26M and TTM operating income of $552.53M show growth is flowing through to the bottom line. TTM net income of $366.16M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 24.5%
Op. Margin: 9.1%
Net Margin: 2.8%

Op. margin of 9.1% is up 9.5% YoY — cost efficiency is improving. Net margin at 2.8% Over the past year, operating margin is up 2671% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 14.8x
P/S Ratio: 2.4x
P/B Ratio: 2.0x

At 14.8x P/E, the stock trades below typical market levels. P/S of 2.4x and P/B of 2.0x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is up 35% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $8.02B
Cash: $33.95M
Long-Term Debt: $3.20B
Book Value: $2.64B
D/E Ratio: 1.2
Debt/EBITDA: 37.5

With $8.02B in assets and $3.20B in long-term debt, D/E is 1.2and book value is $2.64B — moderate leverage. Across the last 8 quarters, debt/equity has fallen for 3 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-11.56M
TTM Free Cash Flow: $658.96M
FCF Margin: 29.6%
FCF / Net Income: 1.8

TTM FCF of $658.96M on $-11.56M in operating cash flow. The FCF / Net Income ratio of 1.8x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 4 consecutive quarters — an improving trend.