New Jersey Resources (NJR) Tax Rate (2009 - 2026)
New Jersey Resources' Tax Rate was 29.25% in fiscal Q3 2026 (quarter ended Jun 30, 2026), up 5.57 percentage points from 23.68% a year earlier and up 5.81 percentage points from the prior quarter.
New Jersey Resources (NJR) Tax Rate (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, New Jersey Resources' Tax Rate was 22.97% through Jun 30, 2026, down 0.52 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it came in at 22.73%, down 0.25 percentage points from FY2024.
- Tax Rate shows a five-year change of +3.03 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Tax Rate was 22.99% in FY2024 (+7.09 pp), 15.89% in FY2023 (-6.33 pp), 22.22% in FY2022 (+8.02 pp) and 14.20% in FY2021 (-5.51 pp).
- The fiscal Q3 2026 figure marks the highest quarterly Tax Rate since fiscal Q3 2023.
- Compared with a year earlier, Tax Rate was higher in six of the last eight quarters, with an average year-over-year change of +2.32 percentage points.
- The best year-over-year quarter for Tax Rate over five years was fiscal Q3 2023 (a gain of 69.27 percentage points); the worst was fiscal Q3 2024 (a drop of 86.59 percentage points).
- Per Business Quant data, NJR's Tax Rate in the three fiscal quarters before Q3 2026 was 23.44% (Q2 2026), 22.10% (Q1 2026) and 18.91% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Nextera Energy | 172.18 Bn | 170.30 Bn | - | 13.16% |
| 2 | Southern | 106.86 Bn | 97.91 Bn | 5.92 Bn | 13.60% |
| 3 | Duke Energy | 97.23 Bn | 95.83 Bn | 6.74 Bn | 17.55% |
| 4 | National Grid | 85.13 Bn | 57.46 Bn | - | - |
| 5 | American Electric Power | 70.60 Bn | 68.98 Bn | 3.84 Bn | 6.75% |
| 6 | Dominion Energy | 57.38 Bn | 60.06 Bn | - | 16.49% |
| 7 | Sempra | 54.97 Bn | 54.10 Bn | 2.89 Bn | 22.09% |
| 8 | Entergy | 50.09 Bn | 39.27 Bn | - | 21.26% |
| 9 | Xcel Energy | 48.73 Bn | 43.64 Bn | - | - |
| 10 | New Jersey Resources | 5.39 Bn | 5.23 Bn | 200.82 Mn | 29.25% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.25% |
| Mar 31, 2026 | 23.44% |
| Dec 31, 2025 | 22.10% |
| Sep 30, 2025 | 18.91% |
| Mar 31, 2025 | 23.29% |
| Dec 31, 2024 | 22.35% |
| Sep 30, 2024 | 25.58% |
| Mar 31, 2024 | 22.04% |
| Dec 31, 2023 | 20.72% |
| Sep 30, 2023 | 14.77% |
| Mar 31, 2023 | 21.89% |
| Dec 31, 2022 | 22.29% |
| Sep 30, 2022 | 18.79% |
| Jun 30, 2022 | 34.95% |
| Mar 31, 2022 | 23.22% |
| Dec 31, 2021 | 21.76% |
| Mar 31, 2021 | 20.99% |
| Dec 31, 2020 | 18.20% |
| Sep 30, 2020 | 26.87% |
| Mar 31, 2020 | 18.82% |
New Jersey Resources Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=NJR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "NJR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=NJR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();