New Jersey Resources (NJR) Debt to Equity (2009 - 2026)

New Jersey Resources (NJR) reported Debt to Equity of $1.3 for Q1 2026, up 4.2% on a YoY basis from $1.24 in Q1 2025, and down 2.42% quarter-over-quarter from $1.33 in Q4 2025.

New Jersey Resources (NJR) Debt to Equity (2009 - 2026) Analysis & Trends

New Jersey Resources has reported Debt to Equity for 18 years, with the latest figure at $1.3 in Q1 2026.

  • For the quarter ending Q1 2026, Debt to Equity rose 4.2% year-over-year to $1.3; the trailing twelve-month figure through Mar 2026 stood at $1.3 (up 4.2% YoY), and the FY2025 full-year result was $1.43, up 2.2% from the prior year.
  • Debt to Equity for Q1 2026 stood at $1.3, down from $1.33 in the prior quarter.
  • The five-year high for Debt to Equity was $1.6 in Q3 2022, with the low at $0.03 in Q4 2022.
  • Historically, Debt to Equity has averaged $1.14 across 5 years, with a median of $1.33 in 2025.
  • The largest YoY upside for Debt to Equity was 10089.44% in 2022 against a maximum downside of 98.14% in 2022.
  • New Jersey Resources' Debt to Equity stood at $0.03 in 2022, then surged by 5130.52% to $1.33 in 2023, then slipped by 2.52% to $1.3 in 2024, then increased by 2.26% to $1.33 in 2025, then retreated by 2.42% to $1.3 in 2026.
  • The last three Debt to Equity figures came in at $1.3 (Q1 2026), $1.33 (Q4 2025), and $1.43 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Atmos Energy 28.34 Bn 28.21 Bn - 0.64
2 Nisource 22.33 Bn 24.52 Bn 1.83 Bn 1.40
3 Ugi 7.49 Bn 6.94 Bn 1.50 Bn 1.25
4 New Jersey Resources 5.59 Bn 5.45 Bn 826.91 Mn 1.30
5 Black Hills 5.49 Bn 5.46 Bn - 1.05
6 ONE Gas 4.93 Bn 4.91 Bn 438.14 Mn 0.68
7 Mdu Resources 4.39 Bn 4.33 Bn - 0.89
8 Centuri Holdings 3.01 Bn 2.95 Bn 35.76 Mn 0.74
9 Chesapeake Utilities 2.96 Bn 2.96 Bn 102.40 Mn 0.12
10 Brookfield Infrastructure 426.14 Mn 3.22 Bn 539.00 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 1.30
Dec 31, 2025 1.33
Sep 30, 2025 1.43
Jun 30, 2025 1.25
Mar 31, 2025 1.24
Dec 31, 2024 1.30
Sep 30, 2024 1.39
Jun 30, 2024 1.42
Mar 31, 2024 1.34
Dec 31, 2023 1.33
Sep 30, 2023 1.45
Jun 30, 2023 1.44
Mar 31, 2023 0.09
Dec 31, 2022 0.03
Sep 30, 2022 1.60
Jun 30, 2022 0.21
Mar 31, 2022 1.31
Dec 31, 2021 1.37
Sep 30, 2021 0.05
Jun 30, 2021 1.34