← NEW JERSEY RESOURCES CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $37.5m | $2.2m | $1.5m | $2.7m | $117.0m | $4.7m | $1.1m | $954k | $1.0m | $591k | |
| Prepaid expenses | — | — | — | $8.3m | $6.6m | $8.2m | $8.6m | $9.7m | $11.8m | $10.8m | |
| Prepaid taxes | $34.2m | $24.8m | $23.0m | $22.6m | $24.3m | $51.2m | $54.5m | $43.0m | $67.1m | $67.1m | |
| Other current assets | $35.4m | $33.3m | $33.7m | $30.7m | $21.0m | $20.2m | $22.3m | $21.1m | $26.9m | $39.5m | |
| Notes receivable | — | — | — | — | — | — | — | — | $0 | $42.5m | |
| Assets, Current | $607.3m | $579.4m | $770.1m | $511.6m | $622.3m | $634.3m | $756.1m | $532.1m | $554.6m | $569.9m | |
| Total current assets | $607.3m | $579.4m | $770.1m | $511.6m | $622.3m | $634.3m | $756.1m | $532.1m | $554.6m | $569.9m | |
| Software costs | — | — | — | $1.7m | $4.7m | $5.6m | $6.1m | $8.4m | $10.5m | $11.2m | |
| Property, Plant and Equipment, Net | $2.4b | $2.6b | $2.7b | $3.0b | $4.0b | $4.2b | $4.6b | $5.0b | $5.4b | $5.8b | |
| Intangible Assets, Net (Excluding Goodwill) | — | $41.1m | $23.4m | $14.6m | $10.1m | $5.0m | $2.3m | $77k | — | — | |
| Operating Lease, Right-of-Use Asset | — | — | — | — | $131.8m | $173.9m | $168.5m | $175.7m | $184.5m | $185.6m | |
| Other Assets, Noncurrent | $68.7m | $74.8m | $96.2m | $101.3m | $78.7m | $49.9m | $64.8m | $61.6m | $71.7m | $121.8m | |
| Other noncurrent assets | $68.7m | $74.8m | $96.2m | $101.3m | $78.7m | $49.9m | $64.8m | $61.6m | $71.7m | $121.8m | |
| NONCURRENT LIABILITIES | |||||||||||
| Additional Financial Items | |||||||||||
| Utility plant, at cost | $2.1b | $2.2b | $2.4b | $2.6b | $2.8b | $3.3b | $3.6b | $3.8b | $4.2b | $4.4b | |
| Construction work in progress | $93.8m | $7.3m | $45.7m | $62.5m | $176.6m | $365.3m | $199.7m | $142.8m | $206.9m | $151.4m | |
| Nonutility plant and equipment, at cost | $631.7m | $843.1m | $697.4m | $861.9m | $1.4b | $1.1b | $1.6b | $1.8b | $1.8b | $2.0b | |
| Accumulated depreciation and amortization, utility plant | ($467.7m) | ($489.1m) | ($530.8m) | ($585.2m) | ($601.6m) | ($611.8m) | ($659.7m) | ($714.1m) | ($786.6m) | ($850.8m) | |
| Accumulated depreciation and amortization, nonutility plant and equipment | ($79.8m) | ($112.2m) | ($122.7m) | ($156.0m) | ($202.5m) | ($171.7m) | ($206.1m) | ($254.4m) | ($306.7m) | ($293.5m) | |
| Billed | $142.7m | $196.5m | $205.5m | $139.3m | $134.2m | $212.8m | $222.3m | $97.5m | $105.5m | $109.4m | |
| Unbilled | $5.7m | $7.2m | $7.2m | $6.5m | $9.2m | $10.4m | $13.8m | $19.1m | $20.1m | $24.2m | |
| Allowance for doubtful accounts | ($4.9m) | ($5.2m) | ($5.7m) | ($6.1m) | ($7.2m) | ($24.7m) | ($19.4m) | ($11.0m) | ($8.5m) | ($11.4m) | |
| Regulatory assets | $441.3m | $375.9m | $368.6m | $496.6m | $527.5m | $522.1m | $500.7m | $584.8m | $609.2m | $672.5m | |
| Natural gas in storage, at average cost | $206.3m | $202.1m | $184.6m | $169.8m | $167.5m | $193.6m | $273.6m | $199.5m | $199.1m | $215.8m | |
| Materials and supplies, at average cost | $10.8m | $11.9m | $13.9m | $14.5m | $20.4m | $19.6m | $20.3m | $27.0m | $38.5m | $43.4m | |
| Derivatives, at fair value | $25.3m | $11.3m | $23.0m | $18.8m | $13.4m | $13.5m | $14.2m | $8.0m | $11.5m | $4.3m | |
| Restricted broker margin accounts | $0 | $25.8m | $53.7m | $73.7m | $69.4m | $72.8m | $94.3m | $8.0m | $1.1m | $3.9m | |
| Investments in equity method investees | $141.1m | $172.6m | $190.9m | $200.3m | $208.4m | $114.5m | $106.6m | $104.1m | $101.7m | $101.2m | |
| Operating lease assets | — | — | — | $0 | $131.8m | $173.9m | $168.5m | $175.7m | $184.5m | $185.6m | |
| Postemployment employee benefit assets | — | — | — | — | — | — | $4.4m | $18.7m | $24.7m | $40.8m | |
| Natural gas purchases payable | $139.5m | $160.1m | $211.3m | $137.3m | $95.9m | $168.7m | $235.0m | $51.3m | $57.5m | $62.6m | |
| Natural gas purchases payable to related parties | — | — | — | $790k | $791k | $861k | $851k | $859k | $875k | $641k | |
| Regulatory liabilities | $41.4m | $14.5m | $209.1m | $202.4m | $196.4m | $193.1m | $185.6m | $180.5m | $175.8m | $171.2m | |
| New Jersey Clean Energy Program | $14.2m | $14.2m | $14.1m | $15.5m | $15.6m | $16.3m | $15.7m | $15.8m | $18.5m | $17.2m | |
| Operating lease liabilities | — | — | — | $0 | $95.0m | $141.4m | $138.4m | $148.0m | $159.3m | $159.1m | |
| Customers’ credit balances and deposits | $32.8m | $27.0m | $27.3m | $27.1m | $25.9m | $32.6m | $33.2m | $44.9m | $38.6m | $31.3m | |
| Deferred investment tax credits | $4.6m | $4.3m | $4.0m | $3.7m | $3.3m | $3.0m | $2.7m | $2.4m | $2.2m | $1.9m | |
| Manufactured gas plant remediation | $172.0m | $149.0m | $130.8m | $131.1m | $150.6m | $135.0m | $127.1m | $169.4m | $161.7m | $167.0m | |
| Postemployment employee benefit liabilities | $141.6m | $128.9m | $137.0m | $246.5m | $237.2m | $169.3m | $82.9m | $102.5m | $64.6m | $108.8m | |
| Asset retirement obligations | $28.4m | $31.4m | $28.7m | $31.0m | $33.7m | $46.3m | $55.0m | $62.0m | $66.7m | $76.5m | |
| Liabilities, Noncurrent | $925.3m | $891.9m | $793.1m | $837.7m | $931.9m | $877.8m | $854.7m | $972.1m | $1.0b | $1.2b | |
| Total noncurrent assets | $712.2m | $739.3m | $722.5m | $820.2m | $964.4m | $874.5m | $855.4m | $983.4m | $1.0b | $1.2b | |
| Total capitalization | $2.2b | $2.2b | $2.6b | $3.1b | $4.1b | $3.8b | $4.3b | $4.8b | $5.1b | $5.6b | |
| Total noncurrent liabilities | $925.3m | $891.9m | $793.1m | $837.7m | $931.9m | $877.8m | $854.7m | $972.1m | $1.0b | $1.2b | |
| Total capitalization and liabilities | $3.7b | $3.9b | $4.1b | $4.4b | $5.6b | $5.7b | $6.3b | $6.5b | $7.0b | $7.6b | |
| Assets | $3.7b | $3.9b | $4.1b | $4.4b | $5.6b | $5.7b | $6.3b | $6.5b | $7.0b | $7.6b | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | — | — | $6.7m | $4.3m | $4.6m | $4.8m | $4.9m | $4.4m | |
| Accounts Payable, Current | $107.2m | $96.9m | $135.2m | $129.7m | $141.5m | $225.2m | $156.6m | $151.8m | $169.2m | $204.5m | |
| Operating Lease, Liability, Noncurrent | — | — | — | — | $95.0m | $141.4m | $138.4m | $148.0m | $159.3m | $159.1m | |
| Deferred Revenue, Current | $28.5m | $27.7m | $9.1m | — | — | $847k | $35.5m | $659k | $3.1m | $17.6m | |
| Dividends Payable, Current | $22.0m | $23.6m | $25.8m | $28.1m | $31.9m | $34.8m | $37.5m | $41.0m | $44.8m | $47.7m | |
| Current maturities of long-term debt | $61.5m | $165.4m | $123.5m | $21.4m | $27.2m | $72.8m | $75.1m | $116.2m | $189.0m | $158.2m | |
| Short-term debt | $121.7m | $266.0m | $151.9m | $25.4m | $125.3m | $377.3m | $423.9m | $252.1m | $291.8m | $195.6m | |
| Accounts payable and other | $107.2m | $96.9m | $135.2m | $129.7m | $141.5m | $225.2m | $156.6m | $151.8m | $169.2m | $204.5m | |
| Accrued taxes | $1.1m | $2.0m | $1.6m | $3.4m | $2.7m | $3.4m | $5.1m | $10.1m | $10.6m | $11.7m | |
| Liabilities, Current | $571.6m | $802.9m | $751.0m | $446.4m | $533.7m | $1.1b | $1.1b | $806.6m | $887.8m | $780.9m | |
| Total current liabilities | $571.6m | $802.9m | $751.0m | $446.4m | $533.7m | $1.1b | $1.1b | $806.6m | $887.8m | $780.9m | |
| Deferred Income Tax Liabilities, Net | $473.8m | $514.7m | $242.4m | $190.7m | $190.6m | $163.5m | $238.9m | $285.4m | $358.8m | $438.4m | |
| Other Liabilities, Noncurrent | $9.7m | $10.0m | $9.0m | $11.9m | $10.6m | $12.0m | $9.1m | $13.3m | $10.3m | $11.1m | |
| Long-term debt | $1.1b | $997.1m | $1.2b | $91.4m | $2.3b | $2.2b | $2.5b | $2.8b | $2.9b | $3.3b | |
| Other noncurrent liabilities | $9.7m | $10.0m | $9.0m | $11.9m | $10.6m | $12.0m | $9.1m | $13.3m | $10.3m | $11.1m | |
| Deferred Tax Liabilities, Net | $464.6m | $506.3m | $233.9m | $180.7m | $185.0m | $158.8m | $236.0m | $257.0m | $338.0m | $417.6m | |
| Stockholders’ equity: | |||||||||||
| Common Stock, Value, Issued | $221.7m | $222.3m | $226.2m | $226.6m | $240.2m | $240.6m | $241.6m | $243.5m | $248.2m | $250.7m | |
| Retained Earnings (Accumulated Deficit) | $825.6m | $868.0m | $1.0b | $1.1b | $1.1b | $934.6m | $1.1b | $1.2b | $1.3b | $1.5b | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($15.2m) | ($3.3m) | ($12.6m) | ($31.8m) | ($44.3m) | ($34.5m) | ($4.8m) | ($10.0m) | ($6.5m) | ($11.5m) | |
| Additional Paid in Capital, Common Stock | $215.6m | $219.7m | $274.7m | $291.3m | $492.0m | $502.6m | $519.7m | $558.7m | $633.8m | $676.6m | |
| Common stock, $2.50 par value; authorized 150,000,000 shares; outstanding shares September 30, 2025 — 100,478,590; September 30, 2024 — 99,461,448 | 221.7m | 222.3m | 226.2m | 226.6m | 240.2m | 240.6m | 241.6m | 243.5m | 248.2m | 250.7m | |
| Premium on common stock | $215.6m | $219.7m | $274.7m | $291.3m | $492.0m | $502.6m | $519.7m | $558.7m | $633.8m | $676.6m | |
| Accumulated other comprehensive loss, net of tax | ($15.2m) | ($3.3m) | ($12.6m) | ($31.8m) | ($44.3m) | ($34.5m) | ($4.8m) | ($10.0m) | ($6.5m) | ($11.5m) | |
| Treasury stock at cost and other; shares September 30, 2025 — 17,273; September 30, 2024 — 16,302 | — | — | — | — | — | ($12.4m) | ($6.8m) | $20.7m | $26.2m | $24.4m | |
| Stockholders' Equity Attributable to Parent | $1.2b | $1.2b | $1.4b | $1.6b | $1.8b | $1.6b | $1.8b | $2.0b | $2.2b | $2.4b | |
| Liabilities and Equity | $3.7b | $3.9b | $4.1b | $4.4b | $5.6b | $5.7b | $6.3b | $6.5b | $7.0b | $7.6b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.