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New Jersey Resources vs MDU Resources Group: NJR and MDU compared
New Jersey Resources is the larger company: $349M of revenue in its latest quarter (Q3 FY26) against $348M for MDU Resources Group (Q3 2026). New Jersey Resources is growing faster (+17% against +10% a year earlier). MDU Resources Group is more profitable, with an operating margin of 13.7% against 9.1%.
Where the money goes: NJR and MDU
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.
MDU Resources Group (MDU) · Q3 2026
MDU Resources Group, Q3 2026: revenue $348M (+10% year over year), operating margin 13.7%, net earnings $14.1M, operating cash flow $82.3M. The chart follows the revenue to costs, profit and cash.
| New Jersey Resources (NJR) | MDU Resources Group (MDU) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $349M | $348M |
| Revenue growth, Y/Y | +17% | +10% |
| Operating margin | 9.1% | 13.7% |
| Net earnings | $9.7M | $14.1M |
| Net margin | 2.8% | 4.1% |
| Operating cash flow | −$11.6M | $82.3M |
| Market value | $5.5B | $4.0B |
| P/E | 15.4× | 20.8× |
| Analysts’ mean target | $59.71 | $23.00 |
Where the revenue comes from
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, New Jersey Resources or MDU Resources Group?
New Jersey Resources is the larger company: $349M of revenue in its latest quarter (Q3 FY26) against $348M for MDU Resources Group (Q3 2026).
Is New Jersey Resources or MDU Resources Group growing faster?
New Jersey Resources is growing faster (+17% against +10% a year earlier).
Which is more profitable, New Jersey Resources or MDU Resources Group?
MDU Resources Group is more profitable, with an operating margin of 13.7% against 9.1%.
More: New Jersey Resources earnings · how New Jersey Resources makes money · MDU Resources Group earnings · how MDU Resources Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 4, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.