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| Date | Value |
|---|---|
| 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 |