New Jersey Resources Corporation (NJR) is a Utilities stock trading at $53.52 (as of 2026-08-21), with a market capitalization of $5.43B and a trailing P/E of 9.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
New Jersey Resources Corporation is an energy services holding company that provides regulated natural gas distribution and unregulated retail and wholesale energy services. Its operations include natural gas utility service to customers in New Jersey and related capacity, storage, and energy asset activities, as well as solar investments and energy services for other energy companies and natural gas producers.
New Jersey Resources Corporation provides regulated natural gas utility services and also offers retail and wholesale energy services, plus clean energy and storage and transportation services, and it makes money primarily through utility operating revenues and nonutility energy services revenues.
Utility profitability is structurally linked to regulated utility operating revenues, which can change based on rate case outcomes and the company’s allowed revenue requirements, while nonutility businesses contribute additional revenue outside the regulated utility model.
| Utility | $0.4B |
| Nonutility | $0.2B |
Business quality (Strong): Good visibility into the regulated revenue driver (utility operating revenues and rate case uplift), but limited detail on how the four official business segments map to the provided revenue split (utility vs nonutility).
Valuation: At 17× earnings, NJR trades 22% below the Utilities average (22×). Note: one-time items can distort reported P/E.
| Price | $53.52 |
| Market Cap | $5.43B |
| P/E Ratio | 9.5 |
| EV / EBITDA | 5.5 |
| Price / Book | 2.05 |
| Price / Sales | 2.74 |
| DCF Value (model) | $68.77 |
| DCF Upside vs Price | 28.5% |
| Revenue (TTM) | $1.35B |
| Net Margin | 24.8% |
| Revenue Growth (YoY) | 9.9% |
| EPS Growth (YoY) | -166.7% |
| Altman Z-Score | 1.26 (distress) |
| Stock P/E | 9.5 |
| Sector P/E (Utilities) | 20.8 |
| Industry P/E (Utilities) | 20.1 |
| vs Sector | -54.3% |
| vs Industry | -52.6% |
| Top Institutional Holder | BlackRock, Inc. ($954.61M) |
| Institutional Holders Tracked | 10 |
| Congressional Trades (recent) | 2 |
| Sector | Utilities |
| Industry | Utilities |
| CEO | Stephen D. Westhoven |
| Employees | 1,372 |
| Country | US |
| IPO Date | 1980-03-17 |
Data as of 2026-08-21.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.