Filing Flows › New Jersey Resources (NJR) › Q2 FY26 › vs Q2 FY25
New Jersey Resources (NJR) Q2 FY26 vs Q2 FY25 (year over year)
New Jersey Resources's revenue rose $26.4M (+3%) from $913M in Q2 FY25 to $939M in Q2 FY26. The biggest changes: Natural gas utility sales +$65.4M (+13%); Other revenues −$45.6M (-13%); Natural gas services +$5.7M (+15%). Operating margin 32.0% against 30.7% (+1.4 pts).
New Jersey Resources, Q2 FY26: revenue $939M (+3% year over year), operating margin 32.0%, net earnings $219M, operating cash flow $563M. The chart draws each line against Q2 FY25, the increases inside each band.
Margins
| Q2 FY26 | Q2 FY25 | Change | |
|---|---|---|---|
| Operating margin | 32.0% | 30.7% | +1.4 pts |
| Net margin | 23.3% | 22.4% | +0.9 pts |
Every line
| Line | Q2 FY26 | Q2 FY25 | Change | % |
|---|---|---|---|---|
| Natural gas utility sales | $575M | $509M | $65.4M | +13% |
| Natural gas services | $42.9M | $37.2M | $5.7M | +15% |
| Service contracts | $9.5M | $9.3M | $258K | +3% |
| Electricity sales | $5.5M | $5.0M | $536K | +11% |
| Installations and maintenance | $5.4M | $5.8M | −$418K | -7% |
| Renewable energy certificates | $3.4M | $2.9M | $514K | +18% |
| Other revenues | $298M | $343M | −$45.6M | -13% |
| Revenue | $939M | $913M | $26.4M | +3% |
| Operating profit | $301M | $280M | $21.1M | +8% |
| Costs & expenses | $638M | $633M | $5.3M | +0.8% |
| Pre-tax earnings | $285M | $266M | $19.2M | +7% |
| Other expense, net | $15.9M | $14.1M | $1.9M | +13% |
| Net earnings | $219M | $204M | $14.6M | +7% |
| Income tax | $66.2M | $61.6M | $4.6M | +7% |
| Depreciation & amortization | $50.1M | $48.0M | $2.2M | +5% |
| Working capital & other | $294M | $171M | $123M | +72% |
| Operating cash flow | $563M | $423M | $140M | +33% |
Questions
How much did New Jersey Resources's revenue grow year over year in Q2 FY26?
New Jersey Resources's revenue rose $26.4M (+3%) from $913M in Q2 FY25 to $939M in Q2 FY26.
What drove New Jersey Resources's revenue change in Q2 FY26?
Natural gas utility sales +$65.4M (+13%); Other revenues −$45.6M (-13%); Natural gas services +$5.7M (+15%).