Reading the tape
NYSE: NJR
New Jersey Resources Corporation
Utilities · Regulated Gas
Market Cap
$5.64B
52w High
$57.84
52w Low
$43.46
P/E
17.25
Volume
268.55K
Outstanding Shares
100.85M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 15.78%Revenue (TTM): 17.87%FCF (TTM): -1.21%P/E: 38th pct
What changed
The stock rose 15.78% over the last year. Revenue grew 17.87% over the trailing twelve months. Operating margin moved from 25.79% to 22.33%. Free cash flow declined 1.21% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 22.33%. A decisive move in revenue — currently up 17.87% — would be the clearest signal to resolve the ambiguity.
Company profile
New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services.
CEOStephen D. Westhoven
SectorUtilities
IndustryRegulated Gas
Employees1,372
IPO dateMar 17, 1980
Valuation
Forward P/E—
EV/EBITDA11.54
Enterprise value$8.58B
Stock splits
Mar 4, 2015↑ Forward
Every 1 shares became 2
Mar 4, 2008↑ Forward
Every 2 shares became 3
Mar 4, 2002↑ Forward
Every 2 shares became 3
Mar 3, 1987↑ Forward
Every 1 shares became 2
Oct 30, 1980↑ Forward
Every 100 shares became 103
Profitability & growth
Revenue growth23.34%
Gross margin26.13%▼12.42%vs FY2024
Operating margin22.33%▼12.42%vs FY2024
ROE14.03%▲6.56%vs FY2024
Analyst consensus
RatingBuy
Target price$55.75▼0.39%
8
Buy
5
Hold
3
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 3, 2026
Q3 FY26 · EPS est $0.06 · Revenue est $340.95M
View
Dividends
$1.90/shareQuarterlyDividend Achiever · 24yrAt RiskNJR pays a dividend with a 3.4% declared yield, 24 consecutive years of growth, growing at 7.45% annually, covered -1.3× by free cash flow.
Declared Yield
3.4%
Annual Div / Share
$1.90
5yr CAGR
+7.45%
Doubles every ~9.6yr
Payout Ratio
56.01%
At Risk
Dividend Growth Rate
3yr CAGR
+6.89%
5yr CAGR
+7.45%
10yr CAGR
+7.09%
Dividend Safety
4/10At Risk
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$1.91+5.8%
2025$1.80+7.1%
2024$1.68+7.7%
2023$1.56+7.6%
2022$1.45+9.0%
2021$1.33+6.4%
2020$1.25+6.8%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$34/yr
$3/mo
In 5 yrs
$49/yr+43%
$4/mo
In 10 yrs
$70/yr+105%
$6/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$34/yr $3/mo | $49/yr+43% $4/mo | $70/yr+105% $6/mo |
Yield-on-cost grows from 3.4% → 6.98% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
NJR has raised its dividend for 24 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Strong dividend growth rate
The 5-year CAGR of 7.45% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only -1.33× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.