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How New Jersey Resources (NJR) makes money

New Jersey Resources (NJR) made $349M of revenue in the third quarter fiscal 2026 (Q3 FY26), +17% from a year earlier. Natural gas utility sales brought in $172M (49%); Other revenues brought in $91.0M (26%); Natural gas services brought in $49.4M (14%). Of every dollar of revenue, 9¢ was left as operating profit, 3¢ was left as net earnings.

Drawing the Sankey…

New Jersey Resources revenue by segment, Q3 FY26New Jersey Resources revenue by segment, Q3 FY26Natural gas utility sales$172MOther revenues$91.0MNatural gas services$49.4MElectricity sales$10.6MService contracts$9.8MRenewable energy certificates$8.5MInstallations and maintenance$8.0M
New Jersey Resources: revenue by line, Q4 FY24 to Q3 FY26New Jersey Resources: revenue by line, Q4 FY24 to Q3 FY26Natural gas utility s…Other revenuesNatural gas servicesService contractsElectricity salesInstallations and mai…Renewable energy cert…Natural gas utility sales: $172M latest$172MOther revenues: $91.0M latest$91.0MNatural gas services: $49.4M latestService contracts: $9.8M latestElectricity sales: $10.6M latestInstallations and maintenance: $8.0M latestRenewable energy certificates: $8.5M latestQ4 FY24Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Natural gas utility sales went from 24% of revenue in Q4 FY24 to 49% in Q3 FY26, the largest shift in the mix.
New Jersey Resources revenue by quarterNew Jersey Resources revenue by quarter$396MQ4 FY24$913MQ2 FY25$299MQ3 FY25$336MQ4 FY25$605MQ1 FY26$939MQ2 FY26$349MQ3 FY26
New Jersey Resources: where each dollar of revenue goesNew Jersey Resources: where each dollar of revenue goesOperating profit9¢Income tax1¢Net earnings3¢

Revenue by segment, Q3 FY26

SegmentRevenueShareQ/QY/Y
Natural gas utility sales$172M49.3%-70%+2%
Other revenues$91.0M26.1%-69%+43%
Natural gas services$49.4M14.2%+15%+27%
Electricity sales$10.6M3.0%+92%+53%
Service contracts$9.8M2.8%+2%+4%
Renewable energy certificates$8.5M2.4%+151%+71%
Installations and maintenance$8.0M2.3%+47%+18%

Where each dollar of revenue goes

LineQ3 FY26% of revenue
Revenue$349M100.0%
Operating profit$31.9M9.1%
Income tax$3.4M1.0%
Net earnings$9.7M2.8%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 FY26$349M+17%
Q2 FY26$939M+3%
Q1 FY26$605M+24%
Q4 FY25$336M-15%
Q3 FY25$299M+8%
Q2 FY25$913M+39%
Q4 FY24$396M+20%

From New Jersey Resources' 10-Q filed Aug 4, 2026 (on EDGAR).

Questions

How does New Jersey Resources make money?

New Jersey Resources (NJR) made $349M of revenue in the third quarter fiscal 2026 (Q3 FY26), +17% from a year earlier. Natural gas utility sales brought in $172M (49%); Other revenues brought in $91.0M (26%); Natural gas services brought in $49.4M (14%). Of every dollar of revenue, 9¢ was left as operating profit, 3¢ was left as net earnings.

What is New Jersey Resources' biggest business?

Natural gas utility sales: $172M in the third quarter fiscal 2026, 49% of revenue, +2% from a year earlier.

What is New Jersey Resources' profit margin?

Net earnings were $9.7M, 2.8% of revenue, in the third quarter fiscal 2026; the operating margin was 9.1%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.