Growth Metrics

New Jersey Resources (NJR) Operating Expenses (2016 - 2026)

New Jersey Resources filings provide 17 years of Operating Expenses readings, the most recent being $425.6 million for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 42.46% to $425.6 million in Q4 2025 year-over-year; TTM through Dec 2025 was $1.7 billion, a 26.69% increase, with the full-year FY2025 number at $1.5 billion, up 14.13% from a year prior.
  • Operating Expenses hit $425.6 million in Q4 2025 for New Jersey Resources, up from $295.7 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.
  • Median Operating Expenses over the past 5 years was $452.2 million (2023), compared with a mean of $443.6 million.
  • Biggest five-year swings in Operating Expenses: surged 51.38% in 2021 and later plummeted 60.99% in 2023.
  • New Jersey Resources' Operating Expenses stood at $519.0 million in 2021, then rose by 6.13% to $550.8 million in 2022, then tumbled by 39.83% to $331.4 million in 2023, then fell by 9.84% to $298.8 million in 2024, then soared by 42.46% to $425.6 million in 2025.
  • The last three reported values for Operating Expenses were $425.6 million (Q4 2025), $295.7 million (Q3 2025), and $300.0 million (Q2 2025) per Business Quant data.