NEW JERSEY RESOURCES CORP
NJR · Natural Gas Distribution · 100.9M shares · +2%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $13M (gross $27M, SBC $15M)
Reference price $57.34 · est. market cap ~$5.8B — last insider sale, 2026-05-22 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B74New Jersey Resources is an above-average gas-distribution utility with top-quartile ROE and strong operating margins.
Strengths
- ROE 14% (80th pct) with operating margin 90th pct and net margin 73rd pct
- Net income growth 16% and ROA at the 67th pct — solid for a regulated distributor
Risks
- Very low cash (591k, 8th pct) and current ratio 0.73 — reliant on external funding
- Revenue growth mid-pack (36th pct)
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
37.7%
Net margin
24.8%
Return on equity
14.0%
Return on assets
4.4%
Revenue growth (QoQ)
45.5%
Net-income growth
15.8%
Current ratio
0.7×
EBITDA
$698M
Tangible book value
$2.4B
Cash & investments
$591K
Stock comp / revenue
1.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-22 | D'Antuono Christopher T. | Sell | 1.1K | $57.34 |
| 2026-05-11 | Migliaccio Patrick J. | Sell | 3.0K | $55.84 |
| 2026-05-08 | KENNY JANE M | Sell | 8.0K | $56.10 |
| 2026-03-19 | Reich Richard | Sell | 5.4K | $52.99 |
| 2026-03-16 | Bel Roberto | Sell | 2.0K | $55.10 |
| 2026-03-16 | Bel Roberto | Sell | 2.0K | $55.10 |
| 2026-03-16 | Bel Roberto | Sell | 2.0K | $55.10 |
| 2026-01-21 | O'Sullivan Michael A | Option exercise | 2.9K | $47.97 |
| 2026-01-21 | Hardwick M Susan | Option exercise | 2.9K | $47.97 |
| 2026-01-21 | Mansue Amy B. | Option exercise | 512 | $47.97 |
| 2026-01-21 | Yardley William T. | Option exercise | 1.5K | $47.97 |
| 2026-01-21 | TAYLOR SHARON C | Option exercise | 2.9K | $47.97 |
| 2026-01-21 | DEGRAFFENREIDT JAMES H JR | Option exercise | 2.9K | $47.97 |
| 2026-01-05 | KENNY JANE M | Option exercise | 3.7K | $45.74 |
| 2026-01-05 | CORRELL DONALD L | Option exercise | 1.0K | $45.74 |
| 2026-01-05 | TAYLOR SHARON C | Option exercise | 1.5K | $45.74 |
| 2025-12-23 | Migliaccio Patrick J. | Sell | 4.0K | $46.46 |
| 2025-11-04 | Migliaccio Patrick J. | Grant | 6.6K | $44.85 |
| 2025-11-04 | Migliaccio Patrick J. | Grant | 4.9K | $44.85 |
| 2025-11-04 | Migliaccio Patrick J. | Tax withheld | 2.4K | $44.85 |
| 2025-11-04 | Shea Jacqueline K | Grant | 3.9K | $44.85 |
| 2025-11-04 | Shea Jacqueline K | Grant | 2.4K | $44.85 |
| 2025-11-04 | Shea Jacqueline K | Tax withheld | 1.2K | $44.85 |
| 2025-11-04 | Shea Jacqueline K | Grant | 1.6K | $44.85 |
| 2025-11-04 | Shea Jacqueline K | Tax withheld | 792 | $44.85 |
| 2025-11-04 | Westhoven Stephen D | Grant | 13K | $44.85 |
| 2025-11-04 | Westhoven Stephen D | Tax withheld | 6.3K | $44.85 |
| 2025-11-04 | Westhoven Stephen D | Grant | 15K | $44.85 |
| 2025-11-04 | Westhoven Stephen D | Tax withheld | 7.6K | $44.85 |
| 2025-11-04 | Westhoven Stephen D | Grant | 23K | $44.85 |
| 2025-11-04 | Westhoven Stephen D | Tax withheld | 11K | $44.85 |
| 2025-11-04 | Skrocki Stephen | Grant | 1.3K | $44.85 |
| 2025-11-04 | Cradic Amy | Grant | 5.8K | $44.85 |
| 2025-11-04 | Cradic Amy | Grant | 4.2K | $44.85 |
| 2025-11-04 | Cradic Amy | Tax withheld | 1.8K | $44.85 |
| 2025-11-04 | Cradic Amy | Grant | 2.9K | $44.85 |
| 2025-11-04 | Cradic Amy | Tax withheld | 1.2K | $44.85 |
| 2025-11-04 | DelGiudice Lori | Grant | 3.2K | $44.85 |
| 2025-11-04 | DelGiudice Lori | Grant | 2.1K | $44.85 |
| 2025-11-04 | DelGiudice Lori | Tax withheld | 667 | $44.85 |
| 2025-11-04 | DelGiudice Lori | Grant | 1.4K | $44.85 |
| 2025-11-04 | DelGiudice Lori | Tax withheld | 450 | $44.85 |
| 2025-11-04 | Reich Richard | Grant | 4.4K | $44.85 |
| 2025-11-04 | Reich Richard | Grant | 1.6K | $44.85 |
| 2025-11-04 | Reich Richard | Tax withheld | 768 | $44.85 |
| 2025-11-04 | Reich Richard | Grant | 1.1K | $44.85 |
| 2025-11-04 | Reich Richard | Tax withheld | 518 | $44.85 |
| 2025-11-04 | Bel Roberto | Grant | 5.6K | $44.85 |
| 2025-10-15 | Shea Jacqueline K | Tax withheld | 588 | $46.22 |
| 2025-10-15 | Shea Jacqueline K | Tax withheld | 704 | $46.22 |
| 2025-10-15 | Shea Jacqueline K | Tax withheld | 630 | $46.22 |
| 2025-10-15 | Bel Roberto | Tax withheld | 935 | $46.22 |
| 2025-10-15 | Bel Roberto | Tax withheld | 991 | $46.22 |
| 2025-10-15 | Bel Roberto | Tax withheld | 840 | $46.22 |
| 2025-10-15 | DelGiudice Lori | Tax withheld | 333 | $42.66 |
| 2025-10-15 | DelGiudice Lori | Tax withheld | 443 | $42.66 |
| 2025-10-15 | DelGiudice Lori | Tax withheld | 309 | $42.66 |
| 2025-10-15 | Migliaccio Patrick J. | Tax withheld | 1.2K | $42.66 |
| 2025-10-15 | Migliaccio Patrick J. | Tax withheld | 1.3K | $42.66 |
| 2025-10-15 | Migliaccio Patrick J. | Tax withheld | 981 | $42.66 |
| 2025-10-15 | Reich Richard | Tax withheld | 767 | $46.22 |
| 2025-10-15 | Reich Richard | Tax withheld | 868 | $46.22 |
| 2025-10-15 | Reich Richard | Tax withheld | 689 | $46.22 |
| 2025-10-15 | Cradic Amy | Tax withheld | 895 | $46.22 |
| 2025-10-15 | Cradic Amy | Tax withheld | 955 | $46.22 |
| 2025-10-15 | Cradic Amy | Tax withheld | 735 | $46.22 |
| 2025-10-15 | Skrocki Stephen | Tax withheld | 144 | $46.22 |
| 2025-10-15 | Skrocki Stephen | Tax withheld | 163 | $46.22 |
| 2025-10-15 | Skrocki Stephen | Tax withheld | 686 | $46.22 |
| 2025-09-30 | Westhoven Stephen D | Grant | 11K | $48.15 |
| 2025-09-30 | Westhoven Stephen D | Tax withheld | 5.6K | $48.15 |
| 2025-09-30 | Westhoven Stephen D | Grant | 14K | $48.15 |
| 2025-09-30 | Westhoven Stephen D | Tax withheld | 6.7K | $48.15 |
| 2025-09-30 | DelGiudice Lori | Tax withheld | 1.9K | $48.15 |
| 2025-06-18 | Migliaccio Patrick J. | Sell | 1.5K | $44.22 |
| 2025-03-31 | Bel Roberto | Sell | 1.2K | $50.00 |
| 2025-03-24 | Bel Roberto | Sell | 1.2K | $48.58 |
| 2025-03-24 | Bel Roberto | Sell | 1.2K | $48.57 |
| 2025-01-21 | O'Sullivan Michael A | Option exercise | 3.2K | $47.79 |
| 2025-01-21 | TAYLOR SHARON C | Option exercise | 3.2K | $47.79 |
| 2025-01-21 | Hardwick M Susan | Option exercise | 3.2K | $47.79 |
| 2025-01-21 | DEGRAFFENREIDT JAMES H JR | Option exercise | 3.2K | $47.79 |
| 2025-01-06 | Shea Jacqueline K | Option exercise | 1.1K | $45.68 |
| 2025-01-06 | Shea Jacqueline K | Tax withheld | 615 | $45.68 |
| 2025-01-06 | TAYLOR SHARON C | Option exercise | 1.7K | $45.68 |
| 2025-01-06 | TAYLOR SHARON C | Option exercise | 1.5K | $45.68 |
| 2025-01-06 | Hardwick M Susan | Option exercise | 1.0K | $45.68 |
| 2025-01-06 | Hardwick M Susan | Option exercise | 1.4K | $45.68 |
| 2025-01-06 | KENNY JANE M | Option exercise | 3.0K | $45.68 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-01 | Reg FDExhibits | filing ↗ |
| 2026-05-04 | ResultsReg FDExhibits | filing ↗ |
| 2026-02-02 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-23 | Exec/director changeShareholder voteExhibits | filing ↗ |
| 2025-11-19 | ResultsReg FDExhibits | filing ↗ |
| 2025-11-06 | Exec/director changeExhibits | filing ↗ |
| 2025-09-11 | Exec/director changeExhibits | filing ↗ |
| 2025-08-21 | Material agreementDebt obligationExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-01 | 2026-06-01 | 0001140361-26-023560 ↗ |
| 10-Q | 2026-05-05 | 2026-03-31 | 0000356309-26-000029 ↗ |
| 8-K | 2026-05-04 | 2026-05-04 | 0001140361-26-018880 ↗ |
| 10-Q | 2026-02-03 | 2025-12-31 | 0000356309-26-000021 ↗ |
| 8-K | 2026-02-02 | 2026-02-02 | 0001140361-26-003240 ↗ |
| 8-K | 2026-01-23 | 2026-01-21 | 0001140361-26-002201 ↗ |
| 10-K | 2025-11-20 | 2025-09-30 | 0000356309-25-000093 ↗ |
| 8-K | 2025-11-19 | 2025-11-19 | 0001140361-25-042738 ↗ |
| 8-K | 2025-11-06 | 2025-11-04 | 0001140361-25-040794 ↗ |
| 8-K | 2025-09-11 | 2025-09-10 | 0001140361-25-034616 ↗ |
| 8-K | 2025-08-21 | 2025-08-21 | 0001140361-25-032225 ↗ |
| 10-Q | 2025-08-05 | 2025-06-30 | 0000356309-25-000046 ↗ |