Capital Expenditures for New Jersey Resources (NJR)
According to New Jersey Resources's latest reported financial statements, the company's current capital expenditures (TTM) is $722.96M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$722.96M
YoY change
+23.6%
5Y CAGR
+8.5%
Peak year (2025)
$706.08M
Cumulative capital expenditures
$7.26B
CapEx history chart for New Jersey Resources (NJR) from 1994 to 2025
CapEx history table for New Jersey Resources (NJR) from 1994 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $706.08M | +23.6% | ||
| 2024 | $571.32M | +5.6% | ||
| 2023 | $540.92M | -9.6% | ||
| 2022 | $598.43M | -4.2% | ||
| 2021 | $624.61M | +32.8% | ||
| 2020 | $470.17M | -5.6% | ||
| 2019 | $498.05M | +31.8% | ||
| 2018 | $377.94M | +16.1% | ||
| 2017 | $325.65M | -8.1% | ||
| 2016 | $354.20M | +10.7% | ||
| 2015 | $319.88M | +11.0% | ||
| 2014 | $288.11M | +46.8% | ||
| 2013 | $196.21M | -4.8% | ||
| 2012 | $206.18M | +21.9% | ||
| 2011 | $169.16M | +87.6% | ||
| 2010 | $90.18M | +19.4% | ||
| 2009 | $75.50M | +2.8% | ||
| 2008 | $73.45M | +15.6% | ||
| 2007 | $63.52M | +8.0% | ||
| 2006 | $58.79M | -3.5% | ||
| 2005 | $60.90M | -22.6% | ||
| 2004 | $78.66M | +47.7% | ||
| 2003 | $53.27M | +23.2% | ||
| 2002 | $43.24M | -16.4% | ||
| 2001 | $51.72M | +1.1% | ||
| 2000 | $51.14M | +4.6% | ||
| 1999 | $48.87M | +9.8% | ||
| 1998 | $44.50M | -5.3% | ||
| 1997 | $47.00M | -16.2% | ||
| 1996 | $56.10M | +4.3% | ||
| 1995 | $53.80M | -8.2% | ||
| 1994 | $58.60M | — |
CapEx values are taken from New Jersey Resources's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, New Jersey Resources (NJR) capital expenditures totalled $706.08M – grew 23.6% year-over-year.
Across 2020–2025 (5 years), New Jersey Resources capital expenditures produced a CAGR of +8.5% – sustaining 2 straight years of year-over-year growth.
The highest annual capital expenditures of $706.08M was reported in 2025. The lowest in the available history was $43.24M in 2002.
Within Utilities, New Jersey Resources (NJR) ranks 8th among 8 peers we track. The peer median for capital expenditures is $9.94B.
New Jersey Resources Capital Expenditures by Year
New Jersey Resources Capital Expenditures 2025: $706.08M
New Jersey Resources capital expenditures in 2025 was $706.08M, grew 23.6% from 2024. This figure represents the highest annual value in the available history.
New Jersey Resources Capital Expenditures 2024: $571.32M
New Jersey Resources capital expenditures in 2024 was $571.32M, grew 5.6% from 2023.
New Jersey Resources Capital Expenditures 2023: $540.92M
New Jersey Resources capital expenditures in 2023 was $540.92M, declined 9.6% below 2022.
New Jersey Resources Capital Expenditures 2022: $598.43M
New Jersey Resources capital expenditures in 2022 was $598.43M, edged down 4.2% below 2021.
New Jersey Resources Capital Expenditures 2021: $624.61M
New Jersey Resources capital expenditures in 2021 was $624.61M.
See more financial history for New Jersey Resources (NJR).
Sector peers — CapEx
Companies in the same sector as New Jersey Resources, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Duke Energy Corporation (DUK) | $14.02B | Utilities |
| The Southern Company (SO) | $13.39B | Utilities |
| Dominion Energy, Inc. (D) | $12.64B | Utilities |
| Sempra (SRE) | $10.61B | Utilities |
| NextEra Energy, Inc. (NEE) | $9.27B | Utilities |
| Constellation Energy Corporation (CEG) | $2.95B | Utilities |
| GE Vernova Inc. (GEV) | $1.28B | Utilities |
| American Electric Power Company, Inc. (AEP) | $130.00M | Utilities |
Frequently asked questions
What is New Jersey Resources's capital expenditures?
- Latest reported capital expenditures for New Jersey Resources (NJR) is $722.96M (period ending December 31, 2025).
How has New Jersey Resources capital expenditures changed year-over-year?
- New Jersey Resources (NJR) capital expenditures changed +23.6% year-over-year on the latest annual filing.
What is the long-term growth rate of New Jersey Resources capital expenditures?
- New Jersey Resources (NJR) capital expenditures compound annual growth rate is +8.5% over the most recent 5 years available.
When did New Jersey Resources capital expenditures hit its highest annual value?
- New Jersey Resources capital expenditures reached its highest annual value of $706.08M in 2025.
What was New Jersey Resources capital expenditures in 2024?
- New Jersey Resources (NJR) capital expenditures in 2024 was $571.32M.
What was New Jersey Resources capital expenditures in 2025?
- New Jersey Resources (NJR) capital expenditures in 2025 was $706.08M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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