Pulling SEC filings + quote and writing the call…

NEW JERSEY RESOURCES CORP
Next earnings Aug 3, 2026 · consensus $0.04 EPS, $345M rev
Last earnings +0.2% on 2026-05-04
Regulated gas utility with clean-energy upside: double-digit earnings growth, 14% ROE and a rising dividend at a fair 16.5x.
Sources: SEC EDGAR (CIK 0000356309, latest 10-Q filed 2026-05-05) · analysis by claude-code · as of 6/21/2026, 9:00:54 PM.
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New Jersey Resources is an energy holding company anchored by New Jersey Natural Gas (a regulated distribution utility) and complemented by clean-energy (solar), storage and energy-services businesses. The result is a regulated-utility backbone with a faster growth profile than a typical pure-play LDC. FY2025 was strong and consistent: revenue grew 9.9% to $1.35B, operating income rose 11.1% to $509M (a healthy 37.7% operating margin), and net income increased 15.8% to $336M, lifting diluted EPS 14.0% to $3.33. Return on equity is a solid 14.0%.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $852M | $1.20B | $1.11B | $1.23B | $1.35B |
| Gross profit | — | — | — | — | — |
| Operating income | $288M | $406M | $407M | $458M | $509M |
| Net income | $118M | $275M | $265M | $290M | $336M |
| Diluted EPS | $1.22 | $2.85 | $2.71 | $2.92 | $3.33 |
| Net margin | 13.8% | 22.9% | 23.8% | 23.6% | 24.8% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1046 tracked peers · median
Last 90 days: 0 open-market buys · 3 sales
| 2026-05-22 | D'Antuono Christopher T. Corporate Controller and PAO | Sell | 1.15K @ $57.34 | $65.9K |
| 2026-05-11 | Migliaccio Patrick J. Senior VP and COO, NJNG | Sell | 3.00K @ $55.84 | $168K |
| 2026-05-08 | KENNY JANE M Director | Sell | 8.00K @ $56.10 | $449K |
| 2026-03-19 | Reich Richard SVP and Gen Counsel | Sell | 5.45K @ $52.99 | $289K |
| 2026-03-16 | Bel Roberto SVP and CFO | Sell | 2.04K @ $55.10 | $112K |
| 2026-03-16 | Bel Roberto SVP and CFO | Sell | 2.04K @ $55.10 | $112K |
| 2026-03-16 | Bel Roberto SVP and CFO | Sell | 2.04K @ $55.10 | $112K |
| 2026-01-21 | O'Sullivan Michael A Director | Exercise | 2.94K @ $47.97 | $141K |
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.