NEW JERSEY RESOURCES CORP (NJR) FY2025 10-K Annual Report

Filed: Nov 20, 2025
Utilities
Natural Gas DistributionSEC EDGAR

NEW JERSEY RESOURCES CORP (NJR) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Nov 20, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

NEW JERSEY RESOURCES CORP FY2025 10-K Analysis

Business Overview

  • Core business: Natural gas distribution and utility services in New Jersey
  • No new products, services, or segments introduced or emphasized this year
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Management Discussion & Analysis

  • NJNG credit ratings reaffirmed: Moody’s senior secured A1, Fitch senior secured A+ as of Sept 30, 2025
  • Moody’s corporate rating N/A, Fitch corporate rating A-; commercial paper ratings P-2 (Moody’s), F-2 (Fitch)
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Risk Factors

  • Cybersecurity oversight by Board Audit Committee, with quarterly updates from Senior VP and CIO
  • Managing Director of Information Security leads control implementation, with 25+ years utility sector cyber experience
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NEW JERSEY RESOURCES CORP FY2025 Key Financial Metrics
XBRL

Revenue

$1.4B

+9.9% YoY

Net Income

$336M

+15.8% YoY

Operating Margin

37.7%

+41bp YoY

Net Margin

24.8%

+128bp YoY

ROE

14.0%

+86bp YoY

Total Assets

$7.6B

+8.6% YoY

EPS (Diluted)

$3.33

+14.0% YoY

Operating Cash Flow

$466M

+9.1% YoY

Source: XBRL data from NEW JERSEY RESOURCES CORP FY2025 10-K filing on SEC EDGAR. All figures in USD.

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