New Jersey Resources (NJR) Tax Rate (2009 - 2026)
New Jersey Resources' (NJR) quarterly Tax Rate came in at 23.44% in Q1 2026, up 14.0% YoY from 20.56% in Q1 2025, and up 6.07% on a QoQ basis from 22.1% in Q4 2025.
New Jersey Resources (NJR) Tax Rate (2009 - 2026) Analysis & Trends
New Jersey Resources (NJR) has 18 years of Tax Rate data on file, last reported at 23.44% in Q1 2026.
- Quarterly Tax Rate rose 14.0% year-over-year to 23.44% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 22.77% (down 90.0% YoY) and the FY2025 annual result came in at 22.73%, down 25.0% from the prior year.
- Tax Rate improved to 23.44% in Q1 2026, from 22.1% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 104.22% in Q2 2023 to a low of 14.77% in Q3 2023.
- A 5-year average of 27.05% and a median of 22.29% in 2022 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2023 — Tax Rate surged 6927 bps — and 2024, when it plunged 8659 bps.
- Tracing NJR's Tax Rate over 5 years: stood at 22.29% in 2022, then slipped by 7 bps to 20.72% in 2023, then advanced by 8 bps to 22.35% in 2024, then declined by 1 bps to 22.1% in 2025, then advanced by 6 bps to 23.44% in 2026.
- The last three Tax Rate figures came in at 23.44% (Q1 2026), 22.1% (Q4 2025), and 18.91% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.95 Bn | 28.42 Bn | - | 19.98% |
| 2 | Nisource | 20.18 Bn | 20.11 Bn | 867.50 Mn | 21.66% |
| 3 | Ugi | 8.26 Bn | 7.79 Bn | 573.00 Mn | 17.39% |
| 4 | Black Hills | 5.60 Bn | 5.52 Bn | - | 11.40% |
| 5 | New Jersey Resources | 5.59 Bn | 5.55 Bn | 243.61 Mn | 29.25% |
| 6 | ONE Gas | 5.16 Bn | 5.13 Bn | 272.01 Mn | 17.58% |
| 7 | Mdu Resources | 4.33 Bn | 4.28 Bn | - | 14.81% |
| 8 | Chesapeake Utilities | 3.29 Bn | 3.27 Bn | 150.20 Mn | 27.43% |
| 9 | Centuri Holdings | 2.25 Bn | 2.21 Bn | 69.14 Mn | 50.03% |
| 10 | Brookfield Infrastructure | 2.20 Bn | 1.44 Bn | 572.00 Mn | -55.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 29.25% |
| Jun 30, 2026 | 29.25% |
| Jun 30, 2026 | 29.25% |
| Mar 31, 2026 | 23.44% |
| Mar 31, 2026 | 23.44% |
| Mar 31, 2026 | 23.44% |
| Dec 31, 2025 | 22.10% |
| Dec 31, 2025 | 22.10% |
| Dec 31, 2025 | 22.10% |
| Sep 30, 2025 | 18.91% |
| Sep 30, 2025 | 18.91% |
| Sep 30, 2025 | 18.91% |
| Jun 30, 2025 | 23.68% |
| Jun 30, 2025 | 23.68% |
| Jun 30, 2025 | 23.68% |
| Mar 31, 2025 | 23.29% |
| Mar 31, 2025 | 23.29% |
| Mar 31, 2025 | 23.29% |
| Dec 31, 2024 | 22.35% |
| Dec 31, 2024 | 22.35% |