New Jersey Resources (NJR) Operating Expenses (2009 - 2026)

New Jersey Resources (NJR) posted Operating Expenses of $638.4 million for Q1 2026, up 49.98% quarter-over-quarter from $425.6 million in Q4 2025, and up 0.84% year-on-year from $633.1 million in Q1 2025.

New Jersey Resources (NJR) Operating Expenses (2009 - 2026) Analysis & Trends

New Jersey Resources (NJR) has reported Operating Expenses for 18 consecutive years, with $638.4 million the latest figure, recorded in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $638.4 million, up 0.84% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.7 billion (up 14.37% YoY), and the FY2025 annual result was $1.5 billion, up 14.13% from the prior year.
  • Operating Expenses was $638.4 million for Q1 2026 at New Jersey Resources, up from $425.6 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $773.4 million in Q1 2022 and troughed at $249.7 million in Q3 2024.
  • Average Operating Expenses over 5 years is $439.2 million, with a median of $425.6 million recorded in 2025.
  • Year-over-year, Operating Expenses slumped 60.99% in 2023 and jumped 42.46% in 2025.
  • Over 5 years, Operating Expenses stood at $550.8 million in 2022, then slumped by 39.83% to $331.4 million in 2023, then retreated 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.
  • Per Business Quant data, the three most recent Operating Expenses figures were $638.4 million in Q1 2026, $425.6 million in Q4 2025, and $295.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Atmos Energy 28.80 Bn 28.68 Bn - -
2 Nisource 22.46 Bn 24.65 Bn 1.83 Bn 1.54 Bn
3 Ugi 7.39 Bn 6.84 Bn 1.50 Bn 1.93 Bn
4 New Jersey Resources 5.67 Bn 5.53 Bn 826.91 Mn 638.37 Mn
5 Black Hills 5.61 Bn 5.58 Bn - 578.80 Mn
6 ONE Gas 4.80 Bn 4.77 Bn 438.14 Mn 248.54 Mn
7 Mdu Resources 4.26 Bn 4.20 Bn - 490.27 Mn
8 Chesapeake Utilities 2.94 Bn 2.94 Bn 102.40 Mn 8.00 Mn
9 Centuri Holdings 2.87 Bn 2.82 Bn 35.76 Mn 32.70 Mn
10 Rgc Resources 248.35 Mn 244.36 Mn 39.84 Mn 34.17 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 395.05 Mn