Njng was New Jersey Resources’s largest segment in fiscal 2025, bringing in $1.30B of $2.04B (64%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Reportable | — | — | — | — | |||||||
| Energy Services | — | — | — | — | |||||||
| Njng | $1.13B | $1.01B | $1.02B | $1.30B | |||||||
| Es | $1.53B | $681.45M | $490.27M | $453.46M | |||||||
| Natural Gas Distribution | — | — | — | — | |||||||
| Cev | $128.28M | $124.13M | $130.56M | $112.50M | |||||||
| Clean Energy Ventures | — | — | — | — | |||||||
| St | $65.29M | $88.70M | $94.85M | $106.37M | |||||||
| Corporate, Non-Segment | $55.82M | $57.43M | $62.38M | $62.59M | |||||||
| Home Services & Other | — | — | — | — | |||||||
| Storage & Transportation | — | — | — | — | |||||||
| Intersegment Eliminations | $3.89M | $15.68M | -$2.17M | $1.16M | |||||||
| Corporate Reconciling Items & Eliminations | $364.00K | — | — | — | |||||||
| Consolidation, Eliminations | -$4.26M | — | — | — | |||||||
| Total | $2.91B | $1.98B | $1.79B | $2.04B |
New Jersey Resources brought in $2.04B from its six segments in fiscal 2025, the year ended September 30, 2025. That was up 13.6% from $1.79B in fiscal 2024. Njng was the largest at $1.30B (63.9%), ahead of Es at $453.46M (22.3%) and Cev at $112.50M (5.5%). The other three segments brought in $170.12M combined.
Compared with fiscal 2024, Njng grew fastest, up 27.8% to $1.30B, while Cev fell the most, down 13.8% to $112.50M.
New Jersey Resources stopped reporting Corporate Reconciling Items & Eliminations as a separate segment after fiscal 2022, when it brought in $364.00K.
New Jersey Resources (NJR) reports its revenue by segment. In fiscal 2025, Njng was its largest segment, bringing in $1.30B (63.9% of the total), followed by Es at $453.46M (22.3%).
Njng was New Jersey Resources' largest segment in fiscal 2025, bringing in $1.30B, or 63.9% of the $2.04B total across its six segments.
Among New Jersey Resources' segments that make up at least 2% of revenue, Njng grew fastest in fiscal 2025, up 27.8% from $1.02B to $1.30B.
Every figure comes from New Jersey Resources' annual financial filings, as reported. Each line keeps the name New Jersey Resources gives it, and years follow its fiscal calendar.
New Jersey Resources' revenue by segment goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.