Filing Flows › New Jersey Resources (NJR) › Q2 FY26
New Jersey Resources (NJR) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 5, 2026
New Jersey Resources (NJR) reported revenue of $939M for the second quarter fiscal 2026 (Q2 FY26), +3% from a year earlier and +55% from the quarter before. Operating margin was 32.0%, net earnings $219M (23.3% of revenue).
New Jersey Resources, Q2 FY26: revenue $939M (+3% year over year), operating margin 32.0%, net earnings $219M, operating cash flow $563M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $939M | +55% | +3% |
| Operating profit | $301M | +68% | +8% |
| Net earnings | $219M | +79% | +7% |
| Operating cash flow | $563M | 21× | +33% |
What changed
Revenue was $939.4M in Q2 FY26, up 3% year over year and up 55% from the previous quarter. Natural gas utility sales was the largest line at 61% of revenue. Natural gas utility sales added $65.4M year over year (up 13%), 248% of the total change. Installations and maintenance declined 7%.
Operating profit was $301.0M, a 32.0% margin (up 1.4 points year over year). Of the extra revenue versus Q2 FY25, 80% reached operating profit, above the 31% margin then. Total costs grew 1% against revenue growth of 3%. Net earnings were $218.9M, up 7% year over year. The effective tax rate was 23.2%.
Operating cash flow was $562.6M (up 33% year over year), 257% of net earnings. Non-cash charges added back $50.1M of depreciation and amortization. Working capital and other items added $293.6M.
Questions
What was New Jersey Resources' revenue in the second quarter fiscal 2026?
New Jersey Resources (NJR) reported revenue of $939M for the second quarter fiscal 2026 (Q2 FY26), +3% from a year earlier and +55% from the quarter before.
Was New Jersey Resources profitable in the second quarter fiscal 2026?
Operating profit was $301M (32.0% of revenue) and net earnings $219M.