Filing Flows › New Jersey Resources (NJR) › Q4 FY25
New Jersey Resources (NJR) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Nov 20, 2025
New Jersey Resources (NJR) reported revenue of $336M for the fourth quarter fiscal 2025 (Q4 FY25), -15% from a year earlier and +12% from the quarter before. Operating margin was 12.0%, net earnings $15.1M (4.5% of revenue).
New Jersey Resources, Q4 FY25: revenue $336M (-15% year over year), operating margin 12.0%, net earnings $15.1M, operating cash flow $81.2M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $336M | +12% | -15% |
| Operating profit | $40.4M | — | -72% |
| Net earnings | $15.1M | — | -83% |
| Operating cash flow | $81.2M | — | +26% |
What changed
Revenue was $336.1M in Q4 FY25, down 15% year over year and up 12% from the previous quarter. Natural gas utility sales was the largest line at 35% of revenue.
Operating profit was $40.4M, a 12.0% margin (down 24.9 points year over year). Total costs grew 18% against a revenue fall of 15%. Net earnings were $15.1M, down 83% year over year. The effective tax rate was 17.2%.
Operating cash flow was $81.2M (up 26% year over year), 539% of net earnings. Non-cash charges added back $48.5M of depreciation and amortization. Working capital and other items added $17.6M.
Questions
What was New Jersey Resources' revenue in the fourth quarter fiscal 2025?
New Jersey Resources (NJR) reported revenue of $336M for the fourth quarter fiscal 2025 (Q4 FY25), -15% from a year earlier and +12% from the quarter before.
Was New Jersey Resources profitable in the fourth quarter fiscal 2025?
Operating profit was $40.4M (12.0% of revenue) and net earnings $15.1M.