Filing Flows › New Jersey Resources (NJR) › Q3 FY25
New Jersey Resources (NJR) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Aug 5, 2025
New Jersey Resources (NJR) reported revenue of $299M for the third quarter fiscal 2025 (Q3 FY25), +8% from a year earlier and -67% from the quarter before. Operating margin was -0.4%, net loss $15.1M (5.0% of revenue).
New Jersey Resources, Q3 FY25: revenue $299M (+8% year over year), operating margin -0.4%, net loss $15.1M, operating cash flow −$28.9M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $299M | -67% | +8% |
| Operating profit | −$1.1M | -100% | — |
| Net earnings | −$15.1M | -107% | — |
| Operating cash flow | −$28.9M | -107% | — |
What changed
Revenue was $298.9M in Q3 FY25, up 8% year over year and down 67% from the previous quarter. Natural gas utility sales was the largest line at 56% of revenue. Natural gas utility sales added $29.3M year over year (up 21%), 126% of the total change. Electricity sales declined 28%.
Operating costs exceeded revenue by $1.1M, an operating margin of -0.4%. Total costs grew 11% against revenue growth of 8%. The quarter ended with a net loss of $15.1M, after a profit of $204.3M the previous quarter. Net interest and other expense of $19.1M was the main reason.
Operating cash flow was −$28.9M. Non-cash charges added back $47.0M of depreciation and amortization. Working capital and other items used $60.9M. Capital expenditures of $156.9M exceeded it, leaving free cash flow of −$185.8M.
Questions
What was New Jersey Resources' revenue in the third quarter fiscal 2025?
New Jersey Resources (NJR) reported revenue of $299M for the third quarter fiscal 2025 (Q3 FY25), +8% from a year earlier and -67% from the quarter before.
Was New Jersey Resources profitable in the third quarter fiscal 2025?
Operating loss was $1.1M (-0.4% of revenue) and net loss $15.1M.