New Jersey Resources (NJR) Tax Rate (2009 - 2026)

New Jersey Resources has reported Tax Rate for 18 years, with the latest figure at 23.44% in Q1 2026.

• For the quarter ending Q1 2026, Tax Rate rose 14.0% year-over-year to 23.44%; the trailing twelve-month figure through Mar 2026 stood at 22.77% (down 90.0% YoY), and the FY2025 full-year result was 22.73%, down 25.0% from the prior year.
• Tax Rate for Q1 2026 stood at 23.44%, up from 22.1% in the prior quarter.
• The five-year high for Tax Rate was 104.22% in Q2 2023, with the low at 14.77% in Q3 2023.
• Historically, Tax Rate has averaged 27.05% across 5 years, with a median of 22.29% in 2022.
• Annual changes were most pronounced in 2023 — Tax Rate surged 6927 bps — and 2024, when it plunged 8659 bps.
• New Jersey Resources' Tax Rate 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.