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

New Jersey Resources (NJR) has reported Operating Margin for 18 consecutive years, with 9.13% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Margin rose 949.0% year-over-year to 9.13%; the trailing twelve-month figure through Jun 2026 stood at 24.78% (down 454.0% YoY), and the FY2025 full-year result was 24.99%, down 51.0% from the prior year.
• Operating Margin declined to 9.13% in Q2 2026 per NJR's latest filing, from 32.04% in the prior quarter.
• Across five years, Operating Margin topped out at 38.82% in Q4 2024 and bottomed at 0.36% in Q2 2025.
• Historically, Operating Margin has averaged 19.33% across 5 years, with a median of 21.64% in 2022.
• The sharpest annual moves came in 2024 and 2025: Operating Margin surged 1752 bps in 2024, then slumped 2490 bps in 2025.
• Over 5 years, Operating Margin stood at 23.88% in 2022, then rose by 22 bps to 29.07% in 2023, then soared by 34 bps to 38.82% in 2024, then slipped by 24 bps to 29.63% in 2025, then tumbled by 69 bps to 9.13% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 9.13%, 32.04%, and 29.63% for Q2 2026, Q1 2026, and Q4 2025 respectively.