New Jersey Resources Corporation
Research New Jersey Resources Corporation (NJR) on Bullrun: valuation model: 11.3% undervalued, market cap USD 5.46B, P/E 14.9, dividend yield 3.5%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerNJR
- ExchangeNYSE
- CountryUnited States
- SectorUtilities
- IndustryUtilities-Regulated Gas
- CurrencyUSD
- Valuation signal11.3% undervalued
- Market capUSD 5.46B
- P/E14.9
- Dividend yield3.5%
- Financial periodQ2 2026
- RevenueUSD 349.18M
- Net incomeUSD 9.69M
- Free cash flow-USD 188.67M
- Gross margin27.5%
Valuation Snapshot
Bullrun's latest valuation model marks New Jersey Resources Corporation as 11.3% undervalued; latest market cap is USD 5.46B; P/E is 14.9; dividend yield is 3.5%.
Peer valuation comparison
Latest P/E is 14.9x versus a Utilities sector median of 17.14x (13.1% below).
Latest dividend yield is 3.54% versus a Utilities sector median of 3.61%.
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 1.35B | USD 335.63M | -USD 231.71M | 58.2% | 3.33 | USD 591.00K | USD 195.60M | USD 2.39B |
| FY2024 | USD 1.23B | USD 289.78M | -USD 236.53M | 56.3% | 2.92 | USD 1.02M | USD 291.80M | USD 2.20B |
| FY2023 | USD 1.11B | USD 264.72M | n/a | 52.0% | 2.71 | USD 954.00K | USD 252.10M | USD 1.99B |
| FY2022 | USD 1.20B | USD 274.92M | n/a | n/a | 2.85 | USD 1.11M | USD 423.95M | USD 1.82B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 5.46B | 14.9 | 3.5% | 1.91 |
| 2025 | 2025-12-31 | USD 4.65B | 14.3 | 4.0% | 1.86 |
| 2024 | 2024-12-31 | USD 4.67B | 14.1 | 3.7% | 1.74 |
| 2023 | 2023-12-29 | USD 4.36B | 16.4 | 3.6% | 1.62 |
| 2022 | 2022-12-30 | USD 4.78B | 17.4 | 3.0% | 1.5 |
| 2021 | 2021-12-31 | USD 3.94B | 26.8 | 3.4% | 1.38 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.91 USD, yield 3.5%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.83 USD |
| FY2024 | 1.71 USD |
| FY2023 | 1.59 USD |
| FY2022 | 1.48 USD |
About New Jersey Resources Corporation
New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to residential and commercial customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services;
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Frequently asked questions
Is New Jersey Resources Corporation overvalued or undervalued?
Bullrun's valuation model currently marks New Jersey Resources Corporation as 11.3% undervalued.
What is New Jersey Resources Corporation's market cap?
New Jersey Resources Corporation's market capitalization is USD 5.46B.
What is New Jersey Resources Corporation's P/E ratio?
New Jersey Resources Corporation's price-to-earnings (P/E) ratio is 14.9.
Does New Jersey Resources Corporation pay a dividend?
New Jersey Resources Corporation has a dividend yield of 3.5%.
What does New Jersey Resources Corporation do?
New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to residential and commercial customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets.