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Atmos Energy vs New Jersey Resources: ATO and NJR compared
Atmos Energy is the larger company: $879M of revenue in its latest quarter (Q3 FY26) against $349M for New Jersey Resources (Q3 FY26). New Jersey Resources is growing faster (+17% against +5% a year earlier). Atmos Energy is more profitable, with an operating margin of 36.4% against 9.1%.
Where the money goes: ATO and NJR
Atmos Energy (ATO) · Q3 FY26
Atmos Energy, Q3 FY26: revenue $879M (+5% year over year), operating margin 36.4%, net earnings $243M, operating cash flow $640M. The chart follows the revenue to costs, profit and cash.
New Jersey Resources (NJR) · Q3 FY26
New Jersey Resources, Q3 FY26: revenue $349M (+17% year over year), operating margin 9.1%, net earnings $9.7M, operating cash flow −$11.6M. The chart follows the revenue to costs, profit and cash.
| Atmos Energy (ATO) | New Jersey Resources (NJR) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 FY26 |
| Revenue | $879M | $349M |
| Revenue growth, Y/Y | +5% | +17% |
| Operating margin | 36.4% | 9.1% |
| Net earnings | $243M | $9.7M |
| Net margin | 27.6% | 2.8% |
| Operating cash flow | $640M | −$11.6M |
| Market value | $29.3B | $5.5B |
| P/E | 20.9× | 15.4× |
| Analysts’ mean target | $182.73 | $59.71 |
Where the revenue comes from
Atmos Energy
- Distribution segment: $774M (88%)
- Pipeline and storage segment: $105M (12%)
New Jersey Resources
- Natural gas utility sales: $172M (49%)
- Other revenues: $91.0M (26%)
- Natural gas services: $49.4M (14%)
- Electricity sales: $10.6M (3%)
Questions
Which is bigger, Atmos Energy or New Jersey Resources?
Atmos Energy is the larger company: $879M of revenue in its latest quarter (Q3 FY26) against $349M for New Jersey Resources (Q3 FY26).
Is Atmos Energy or New Jersey Resources growing faster?
New Jersey Resources is growing faster (+17% against +5% a year earlier).
Which is more profitable, Atmos Energy or New Jersey Resources?
Atmos Energy is more profitable, with an operating margin of 36.4% against 9.1%.
More: Atmos Energy earnings · how Atmos Energy makes money · New Jersey Resources earnings · how New Jersey Resources makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 5, 2026; 10-Q filed Aug 4, 2026). Fiscal quarters can end on different dates. Not investment advice.