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Asset logo for symbol NJR
New Jersey Resources
NJR66
$46.27arrow_drop_down1.25%-$0.59
Asset logo for symbol NJR
NJR66

$46.27

arrow_drop_down1.25%

Income Statement (NJR)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
EBIT$7.58M$177.75M$142.04M$74.74M$10.44M
EBITDA$48.48M$217.98M$182.44M$114.52M$49.32M
gross Profit$7.58M$177.75M$195.29M$106.60M$49.73M
NET Income-$11.57M$120.81M$89.41M$37.02M$1.53M
total Revenue$272.07M$661.56M$467.21M$331.32M$264.07M

Balance Sheet (NJR)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
cash Equivalents----$511.00K
net Debt$3.36B$3.20B$3.37B$3.28B$3.17B
stockholders Equity$2.14B$2.17B$2.06B$1.99B$1.99B
total Assets$6.78B$6.64B$6.74B$6.53B$6.31B
total Debt$3.41B$3.22B$3.38B$3.28B$3.17B
total Liabilities$4.64B$4.46B$4.68B$4.54B$4.31B

Cash Flow (NJR)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
financing Cash Flow$150.66M-$168.64M$69.28M$69.84M$45.12M
free Cash Flow-$135.95M$193.59M-$68.20M-$69.61M-$72.32M
investing Cash Flow----$160.44M-$116.44M
operating Cash Flow$10.41M$307.81M$46.41M$91.09M$44.77M

New Jersey Resources (NJR) Financials

New Jersey Resources Corp (NJR) is a publicly traded energy services holding company headquartered in Wall Township, New Jersey. The company operates through four business segments: New Jersey Natural Gas, NJR Clean Energy Ventures, NJR Energy Services, and NJR Home Services. As of the latest financials, NJR reported total revenue of $3.35 billion, with a gross profit of $587 million. The company's net income from stockholders amounted to $203 million. NJR's total assets were valued at $5.68 billion, with total liabilities of $3.62 billion. Stockholders' equity stood at $2.05 billion.
In terms of financial performance, NJR has been consistent in generating positive cash flow from its operations. In the latest reporting period, the company achieved operating cash flow of $429 million, indicating its ability to generate cash through its core business activities. NJR's financing cash flow was $167 million, reflecting its activities related to debt issuance and repayment, as well as dividends paid to stockholders. The investing cash flow was $71 million, indicating the company's investments in property, plant, and equipment, as well as acquisitions. NJR's free cash flow was $184 million, which represents the cash available for distribution to stockholders and debt repayment after considering capital expenditures.
As for NJR's debt profile, the company has managed its debt levels prudently. NJR's net debt, which is the difference between its total debt and cash equivalents, stood at $551 million as of the latest financial reporting period. This indicates that the company has sufficient liquidity to cover its outstanding debt obligations. Additionally, NJR's stockholders' equity of $2.05 billion significantly exceeds its total debt, further highlighting its financial strength and stability.
NJR's income statement reveals a healthy financial performance. The company reported EBIT (earnings before interest and taxes) of $347 million, indicating its ability to generate profits from its operations. EBITDA (earnings before interest, taxes, depreciation, and amortization) was $428 million, reflecting NJR's strong operating performance without the impact of non-cash expenses such as depreciation and amortization. These figures demonstrate NJR's efficient cost management and operational excellence.
In conclusion, New Jersey Resources Corp (NJR) has exhibited strong financial performance, with consistent revenue growth and profitability. The company maintains a robust balance sheet, with substantial stockholders' equity and manageable debt levels. NJR's ability to generate positive cash flow from its operations further contributes to its financial stability. Overall, NJR's financials reflect the company's sound financial management and position it for continued success in the energy services industry.
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