New Jersey Resources (NJR) Operating Expenses (2009 - 2026)
New Jersey Resources' (NJR) quarterly Operating Expenses came in at $638.4 million in Q1 2026, up 0.84% YoY from $633.1 million in Q1 2025, and up 49.98% on a QoQ basis from $425.6 million in Q4 2025.
New Jersey Resources (NJR) Operating Expenses (2009 - 2026) Analysis & Trends
New Jersey Resources (NJR) has 18 years of Operating Expenses data on file, last reported at $638.4 million in Q1 2026.
- Quarterly Operating Expenses rose 0.84% year-over-year to $638.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.7 billion (up 14.37% YoY) and the FY2025 annual result came in at $1.5 billion, up 14.13% from the prior year.
- Operating Expenses grew to $638.4 million in Q1 2026, from $425.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $773.4 million in Q1 2022 to a low of $249.7 million in Q3 2024.
- A 5-year average of $439.2 million and a median of $425.6 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses plunged 60.99% — and 2025, when it surged 42.46%.
- Tracing NJR's Operating Expenses over 5 years: stood at $550.8 million in 2022, then tumbled by 39.83% to $331.4 million in 2023, then dropped by 9.84% to $298.8 million in 2024, then jumped by 42.46% to $425.6 million in 2025, then surged by 49.98% to $638.4 million in 2026.
- The last three Operating Expenses figures came in at $638.4 million (Q1 2026), $425.6 million (Q4 2025), and $295.7 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 29.11 Bn | 28.58 Bn | - | - |
| 2 | Nisource | 20.22 Bn | 20.15 Bn | 867.50 Mn | 1.11 Bn |
| 3 | Ugi | 8.24 Bn | 7.76 Bn | 573.00 Mn | 1.38 Bn |
| 4 | Black Hills | 5.61 Bn | 5.53 Bn | - | 355.80 Mn |
| 5 | New Jersey Resources | 5.59 Bn | 5.55 Bn | 243.61 Mn | 317.29 Mn |
| 6 | ONE Gas | 5.18 Bn | 5.15 Bn | 272.01 Mn | 238.68 Mn |
| 7 | Mdu Resources | 4.32 Bn | 4.27 Bn | - | 327.36 Mn |
| 8 | Chesapeake Utilities | 3.32 Bn | 3.30 Bn | 150.20 Mn | 149.00 Mn |
| 9 | Brookfield Infrastructure | 2.21 Bn | 1.44 Bn | 572.00 Mn | 22.00 Mn |
| 10 | Centuri Holdings | 2.20 Bn | 2.16 Bn | 69.14 Mn | 37.24 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 317.29 Mn |
| Mar 31, 2026 | 638.37 Mn |
| Dec 31, 2025 | 425.65 Mn |
| Sep 30, 2025 | 295.68 Mn |
| Jun 30, 2025 | 300.01 Mn |
| Mar 31, 2025 | 633.08 Mn |
| Dec 31, 2024 | 298.78 Mn |
| Sep 30, 2024 | 249.65 Mn |
| Jun 30, 2024 | 269.70 Mn |
| Mar 31, 2024 | 487.69 Mn |
| Dec 31, 2023 | 331.39 Mn |
| Sep 30, 2023 | 267.03 Mn |
| Jun 30, 2023 | 259.34 Mn |
| Mar 31, 2023 | 478.84 Mn |
| Dec 31, 2022 | 550.78 Mn |
| Sep 30, 2022 | 684.58 Mn |
| Jun 30, 2022 | 522.53 Mn |
| Mar 31, 2022 | 773.44 Mn |
| Dec 31, 2021 | 518.96 Mn |
| Sep 30, 2021 | 529.41 Mn |