New Jersey Resources Corp

New Jersey Resources Corp maintains a conservative capital structure with a reported debt-to-equity ratio of 0.0, indicating minimal leverage relative to its equity base of $2.39 billion. The company holds $591,000 in cash and equivalents, which is negligible compared to its total assets of $7.58 billion, yet it generates robust operating cash flow of $466.3 million. This strong cash generation supports a current ratio that is not explicitly provided but is implied to be stable given the low liquidity risk assessment. The firm’s valuation metrics reflect a mature utility profile, with a price-to-earnings ratio of 16.57 and an EV/EBITDA of 10.89.

Profitability metrics demonstrate efficient capital utilization, with a return on equity of 14.28% and a return on assets of 4.5%. The company reported net income of $335.6 million on revenue of $1.35 billion, yielding a net margin of approximately 24.8%. Operating income stands at $508.9 million, suggesting strong operational leverage and cost control within its regulated framework. While cohort median comparisons are absent, these returns are consistent with high-quality utility operations that benefit from stable cash flows and regulated rate structures.

Revenue concentration is not detailed by segment or geography in the available data, limiting specific analysis of exposure risks. However, the classification as a Gas Utility implies a primary focus on natural gas distribution within a specific geographic footprint, likely New Jersey, given the company name. The absence of segment data prevents a granular assessment of revenue mix, but the overall revenue base of $1.35 billion suggests a established market presence.

Growth trajectory analysis is constrained by the absence of historical period data in the input. Without five-year annual or eight-quarter quarterly trends, it is not possible to assess revenue or earnings momentum over time. The current financial snapshot provides a static view of performance, highlighting the need for additional historical context to evaluate long-term growth drivers.

Risk assessment indicates low liquidity risk and low dilution risk, with no immediate filing-based flags detected. The low dilution risk is supported by the identical basic and diluted share counts of 100.5 million, suggesting no significant outstanding options or convertible securities. The primary risk factors appear to be operational and regulatory, typical for the utility sector, rather than financial distress or equity dilution.

Recent events are reflected in analyst sentiment, with a mean price target of $61.40 and a median target of $61.00, implying upside potential from the current market price of $56.31. The mean recommendation of 1.86 indicates a bullish consensus, with six analysts rating the stock as a buy or strong buy and only one holding a neutral view. This positive sentiment suggests confidence in the company’s ability to maintain its financial performance and potentially increase shareholder returns.

Revenue surged 27.8% year-over-year to $1.3 billion in fiscal 2025, demonstrating strong top-line growth momentum.

Net income grew at a 29.9% compound annual growth rate over the last four years, showing consistent earnings expansion.

Long-term debt increased to $3.6 billion in fiscal 2025, reflecting a rising leverage burden on the balance sheet.

Current ratio of 0.73 suggests potential short-term liquidity constraints, as current assets do not cover current liabilities.

The company faces medium credit risk, which could increase borrowing costs or restrict access to capital markets.

Revenue $640.9M, +3,6% YoY; Operating income +7,5% YoY.

• ▍Revenue $640.9M, +3,6% YoY
• ▍Operating income +7,5% YoY
• ▍Net income +7,2% YoY
• ▍Free cash flow −65,3% YoY
• ▍Net margin 34.2%

Revenue $409.9M, +22,9% YoY; Operating income −5,5% YoY.

• ▍Revenue $409.9M, +22,9% YoY
• ▍Operating income −5,5% YoY
• ▍Net income −6,7% YoY
• ▍Free cash flow −336,1% YoY
• ▍Net margin 29.9%

Revenue $144.9M, +38,4% YoY; Operating income −72,3% YoY.

• ▍Revenue $144.9M, +38,4% YoY
• ▍Operating income −72,3% YoY
• ▍Net income −83,5% YoY
• ▍Free cash flow −268,6% YoY
• ▍Net margin 10.4%

Revenue $204.8M, +29,8% YoY; Operating income −117,9% YoY.

• ▍Revenue $204.8M, +29,8% YoY
• ▍Operating income −117,9% YoY
• ▍Net income −30,0% YoY
• ▍Free cash flow +0,3% YoY
• ▍Net margin -7.3%

Revenue $618.3M; Operating income $279.9M.

• ▍Revenue $618.3M
• ▍Operating income $279.9M
• ▍Net margin 33.0%

Revenue $333.4M; Operating income $189.6M.

• ▍Revenue $333.4M
• ▍Operating income $189.6M
• ▍Net margin 39.4%

Revenue $104.8M; Operating income $146.1M.

• ▍Revenue $104.8M
• ▍Operating income $146.1M
• ▍Net margin 87.0%

Revenue $157.8M; Operating income $5.9M.

• ▍Revenue $157.8M
• ▍Operating income $5.9M
• ▍Net margin -7.3%

Revenue $1.30B, +27,8% YoY; Operating income +11,1% YoY.

• ▍Revenue $1.30B, +27,8% YoY
• ▍Operating income +11,1% YoY
• ▍Net income +15,8% YoY
• ▍Free cash flow −36,3% YoY
• ▍Net margin 25.8%

Revenue $1.02B, +0,7% YoY; Operating income +12,6% YoY.

• ▍Revenue $1.02B, +0,7% YoY
• ▍Operating income +12,6% YoY
• ▍Net income +9,5% YoY
• ▍Free cash flow +0,3% YoY
• ▍Net margin 28.5%

Revenue $1.01B, −10,3% YoY; Operating income +0,1% YoY.

• ▍Revenue $1.01B, −10,3% YoY
• ▍Operating income +0,1% YoY
• ▍Net income −3,7% YoY
• ▍Free cash flow +18,3% YoY
• ▍Net margin 26.2%

Revenue $1.13B, +54,1% YoY; Operating income +41,0% YoY.

• ▍Revenue $1.13B, +54,1% YoY
• ▍Operating income +41,0% YoY
• ▍Net income +133,2% YoY
• ▍Free cash flow +23,2% YoY
• ▍Net margin 24.4%