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New Jersey Resources (NJR) earnings and revenue breakdown
Latest: Q3 FY26 · 10-Q filed Aug 4, 2026 · New Jersey Resources (NJR) Q3 FY26 earnings results →
Q3 FY26 Revenue up 17% year over year to $349M · 3¢ of every $1 of revenue kept as net profit · operating margin 9.1%
New Jersey Resources made $349M in Q3 FY26 (+17% Y/Y): Natural gas utility sales $172M, Other revenues $91.0M, Natural gas services $49.4M. Operating margin 9.1%, net earnings $9.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $349.2M in Q3 FY26, up 17% year over year and down 63% from the previous quarter. Natural gas utility sales was the largest line at 49% of revenue. Natural gas services added $10.5M year over year (up 27%), 21% of the total change.
Operating profit was $31.9M, a 9.1% margin (up 9.5 points year over year). Total costs grew 6% against revenue growth of 17%. Net earnings were $9.7M. The effective tax rate was 25.7%.
Operating cash flow was −$11.6M. Non-cash charges added back $53.5M of depreciation and amortization. Working capital and other items used $74.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 FY26 | 10-Q | Aug 4, 2026 | $349M | +17% | 9.1% | $9.7M | −$11.6M |
| Q2 FY26 | 10-Q | May 5, 2026 | $939M | +3% | 32.0% | $219M | $563M |
| Q1 FY26 | 10-Q | Feb 3, 2026 | $605M | +24% | 29.6% | $122M | $26.7M |
| Q4 FY25 | 10-K | Nov 20, 2025 | $336M | -15% | 12.0% | $15.1M | $81.2M |
| Q3 FY25 | 10-Q | Aug 5, 2025 | $299M | +8% | -0.4% | −$15.1M | −$28.9M |
| Q2 FY25 | 10-Q | May 6, 2025 | $913M | +39% | 30.7% | $204M | $423M |
| Q4 FY24 | 10-K | Nov 26, 2024 | $396M | +20% | 36.9% | $91.1M | $64.5M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About New Jersey Resources
The following documents are available on our website at https://investor.njresources.com/governance/governance-documents: • Charters of the following Board of Directors Committees: Audit, Nominating/Corporate Governance and Leadership Development and Compensation;
In its own words, from its 10-K, filed Nov 20, 2025.
New Jersey Resources against its Natural Gas Distribution peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +17% against the peers' median +7%. Operating margin: 9.1% against the peers' median 31.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NJR New Jersey Resources | Q3 FY26 | $349M | +17% | 9.1% |
| LNG Cheniere Energy | Q3 2026 | $6.2B | +39% | 31.0% |
| VG Venture Global | Q2 2026 | $4.6B | +48% | 47.8% |
| Cheniere Corpus Christi Holdings, LLC | Q3 2026 | $2.7B | +84% | 21.2% |
| CQP Cheniere Energy Partners, L.P. | Q3 2026 | $2.6B | +7% | 31.7% |
| Sabine Pass Liquefaction, LLC | Q3 2026 | $2.5B | +7% | 29.4% |
| ATO Atmos Energy | Q3 FY26 | $879M | +5% | 36.4% |
| NFG National Fuel Gas | Q3 FY26 | $537M | +1% | 38.9% |
| SR Spire | Q3 FY26 | $420M | -0.4% | 5.6% |
Source: New Jersey Resources 10-Q on SEC EDGAR · CIK 356309 · Natural Gas Distribution
13F: who owns NJR and who is buying
More on NJR
- How New Jersey Resources makes money: revenue by segment
- New Jersey Resources next earnings date and what analysts expect
- New Jersey Resources stock forecast, price target and fair value
- Who owns New Jersey Resources stock: holders, funds and Congress trades
- Is New Jersey Resources a takeover target? LBO and rumors
History
Every quarter: Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results · Q4 FY24 results
- New Jersey Resources guidance history: guided vs reported
- New Jersey Resources operating margin by quarter
- New Jersey Resources net income by quarter
- New Jersey Resources Natural gas utility sales revenue by quarter
- New Jersey Resources Natural gas services revenue by quarter
- New Jersey Resources Electricity sales revenue by quarter
Compare NJR with
- New Jersey Resources vs Atmos Energy (NJR vs ATO)
- New Jersey Resources vs National Fuel Gas (NJR vs NFG)
- New Jersey Resources vs Spire (NJR vs SR)
- New Jersey Resources vs MDU Resources Group (NJR vs MDU)
- New Jersey Resources vs New Fortress Energy (NJR vs NFE)
- New Jersey Resources vs Excelerate Energy (NJR vs EE)