How does New Jersey Resources (NJR) make money?

New Jersey Resources (NJR) generates revenue primarily from Natural Gas Distribution, which accounted for 64.3% of total revenue in TTM through Q1 2026. The company reported $2.21B in revenue and converted 15.4% of it into net profit, equivalent to roughly $341.42M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of New Jersey Resources (NJR)?

New Jersey Resources (NJR) reported a gross profit margin of 27.7% in TTM through Q1 2026, equivalent to $613.25M in gross profit on $2.21B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of New Jersey Resources (NJR)?

New Jersey Resources (NJR) reported an operating profit margin of 24.1% in TTM through Q1 2026, equivalent to $531.64M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of New Jersey Resources (NJR)?

New Jersey Resources (NJR) reported a net profit margin of 15.4% in TTM through Q1 2026, equivalent to $341.42M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is New Jersey Resources (NJR) profitable?

Yes. New Jersey Resources (NJR) reported $341.42M in net income for TTM through Q1 2026, with a net profit margin of 15.4%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does New Jersey Resources (NJR) spend on capital expenditures?

New Jersey Resources (NJR) spent $804.83M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 36.4% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does New Jersey Resources (NJR) generate?

New Jersey Resources (NJR) generated −$160.87M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of -7.3%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of New Jersey Resources (NJR)?

New Jersey Resources (NJR) had an effective tax rate of 22.4% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of New Jersey Resources (NJR)?

New Jersey Resources (NJR) reports revenue across 5 reportable product segments, led by Natural Gas Distribution at 64.3% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How New Jersey Resources Makes Money: 2026 Visual Revenue Map

New Jersey Resources (NJR) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 5, 2026).

New Jersey Resources discloses geographic revenue only in annual filings. to view the full breakdown.

New Jersey Resources (NJR) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for New Jersey Resources (NJR) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Natural Gas Distribution	$1.42B	64.3%
Energy Services	$490.93M	22.2%
Clean Energy Ventures	$121.53M	5.5%
Storage And Transportation	$113.59M	5.1%
Home Services and Other	$63.79M	2.9%
Total	$2.21B	100%

Natural Gas Distribution$1.42B
Energy Services$490.93M
Clean Energy Ventures$121.53M
Storage And Transportation$113.59M
Home Services and Other$63.79M
Total$2.21B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, New Jersey Resources (NJR) reports revenue across 5 operating segments; the largest segment was Natural Gas Distribution at 64.3%, followed by Energy Services (22.2%) and Clean Energy Ventures (5.5%).

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