What is the 13F Pro Quality Score for NJR?

13F Pro ranks NEW JERSEY RESOURCES CORP (NJR) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View NJR's current score at https://13fpro.ai/company/NJR (free sign-up required for the full ranking).

Which hedge funds own the most NJR stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of NJR include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/NJR as soon as new 13F filings post.

Where does 13F Pro source NJR data?

All NEW JERSEY RESOURCES CORP fundamentals and ownership data come directly from SEC EDGAR. NEW JERSEY RESOURCES CORP files with the SEC under CIK 356309. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is NJR in?

NEW JERSEY RESOURCES CORP (NJR) is classified in the Energy sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/energy.

What drives NJR's revenue?

Per NEW JERSEY RESOURCES CORP's latest 10-Q filed with the SEC on 2026-08-04, the biggest revenue drivers are: Natural Gas Distribution (NJNG) ($171.8M, +2% YoY); Storage and Transportation (S&T) ($31.4M, +16% YoY); Clean Energy Ventures (CEV) ($19.0M, +61% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/NJR.

What are NJR's largest expenses?

NEW JERSEY RESOURCES CORP's latest 10-Q reports these as the largest expense items: Operation and maintenance ($105.6M, +5% YoY); Depreciation and amortization ($53.5M, +14% YoY); Regulatory rider expenses ($10.4M, -5% YoY). Sourced directly from SEC EDGAR filing text for Q3 FY2026 (quarter ended June 30, 2026).

How often is NJR research updated on 13F Pro?

NJR's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

NEW JERSEY RESOURCES CORP(NJR)Stock Analysis

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SEC EDGAR: CIK 356309 NJR stock profile & AI dashboard →

13F Pro Quality Score

69.5/100

Rank #263 of 2,961 stocksTOP 10%

View Energy peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

70.5/100

Profitability

77.4/100

Balance Sheet

68.4/100

Earnings Quality

42.3/100

Free Cash Flow

92.4/100

Institutional Flow

69.8/100

Revenue Scale

58.3/100

Dilution Risk

49.5/100

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Why NJR Scores 70/100

exact factor attribution · 2026-09-11

NJR's composite is driven by free cash flow and profitability. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Free cash flow

+6.4 pts

92th pct

Profitability

+4.1 pts

77th pct

Revenue growth

+4.1 pts

71th pct

Capital efficiency

+1.8 pts

68th pct

Earnings growth

+1.6 pts

83th pct

Scale

+1.2 pts

58th pct

Institutional flow

+1.0 pts

70th pct

Shareholder dilution

-0.0 pts

50th pct

Earnings quality

-0.8 pts

42th pct

Latest change (2026-08-04): 79 → 60 · ↓ Free cash flow 93→31; ↓ Revenue growth 88→61

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

Unusual Activity in NJR

Events flagged as statistical outliers against NJR's own multi-year baseline — not fixed dollar thresholds.

Score shock2026-08-04
NJR quality score dropped 20 points (79→60) on a new filing
View source filing →

NJR Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for NEW JERSEY RESOURCES CORP (NJR), a Energy sector company. 13F Pro's AI-powered ranking engine scores NJR at 69.5/100 on a 32-signal composite quality model, placing it at rank #263 of 2,961 stocks — the top 10% of the AI-ranked universe. NJR scores in the top quartile across free cash flow (92.4), profitability (77.4). Shareholder dilution risk is elevated at 49.5/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), NEW JERSEY RESOURCES CORP reports quarterly revenue of $258.0M, net income of $9.7M. Top institutional holders of NJR by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET, based on the most recent SEC filings. NJR trades on the NYSE exchange and files with the SEC under CIK 356309. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NJR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NEW JERSEY RESOURCES CORP directly from SEC EDGAR. NEW JERSEY RESOURCES CORP's 13F Pro composite quality score has ranged between 45 and 73 since 2021, currently 69.5 — an improving long-term trajectory across 68 quarterly and live scoring snapshots.

✦

Fun facts about NEW JERSEY RESOURCES CORP

Quirks, history, and lore behind NJR — the kind of stuff that makes a stock memorable.

1
The Basics
A U.S. energy utility company · mid-cap · listed on the NYSE · headquartered in the Garden State.
2
The Numbers
Annual revenue in the range of $1–2 billion, serving over half a million residential and commercial customers across its home state.
3
The History
Founded in the mid-20th century, it grew from a regulated natural gas distribution utility into a diversified energy holding company with unregulated subsidiaries.
4
The Secret
Beyond piping gas to homes, it has expanded into clean energy and solar investments — hedging its fossil-fuel roots with a greener future.
5
The Lore
Its subsidiary Elizabethtown Gas is one of the oldest gas distributors in its state, and the company has paid consecutive quarterly dividends for decades — a utility investor's comfort food.
6
The Giveaway
Its name literally tells you its home: a natural gas and energy services holding company whose initials match the abbreviation for the state that gave birth to Thomas Edison.

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What's Driving NJR's Business? Latest 10-Q Breakdown

AI-extracted from NEW JERSEY RESOURCES CORP's 10-Q filed 2026-08-04 — Q3 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

NJR generated $258.0M of revenue from contracts with customers in fiscal Q3 2026 and swung to net income of $9.7M ($0.10/share) from a $15.1M net loss a year earlier, led by favorable Energy Services pricing spreads and higher Clean Energy Ventures REC sales.

Biggest Revenue Drivers

Natural Gas Distribution (NJNG)$171.8M+2% YoY

Driven primarily by customer growth

Storage and Transportation (S&T)$31.4M+16% YoY

Higher firm transportation and storage rates, including Adelphia's rate case settlement and higher firm storage rates at Leaf River

Biggest Revenue Drivers

Total revenue: $258.0M

Natural Gas Distribution (NJNG)$171.8M+2% YoY

Driven primarily by customer growth

Storage and Transportation (S&T)$31.4M+16% YoY

Higher firm transportation and storage rates, including Adelphia's rate case settlement and higher firm storage rates at Leaf River

Clean Energy Ventures (CEV)$19.0M+61% YoY

Higher REC sales and recognition of ITCs associated with solar sale leaseback financing transactions

Energy Services (ES)$18.0M+53% YoY

A 48% increase in natural gas prices along with a 39% increase in volumes of natural gas sold

Home Services and Other (HSO)$17.8M+10% YoY

Growth in installation and service contract businesses

Largest Expense Items

Operation and maintenance$105.6M+5% YoY

Driven partly by higher employee expenses at NJNG

Depreciation and amortization$53.5M+14% YoY

Reflects additional utility plant and solar assets placed into service

Regulatory rider expenses$10.4M-5% YoY

Pass-through state-mandated program costs, including CIP rate adjustments

Margins: Consolidated operating income swung to $31.9M from an operating loss of $1.1M a year earlier, driven by a $19.3M net income improvement at Energy Services from favorable pricing spreads and a $6.5M improvement at Clean Energy Ventures from higher REC sales and ITC recognition.

Watch Items from the Filing

NJNG filed a base rate case on June 1, 2026 seeking a $157.6M natural gas revenue increase and a higher 10.10% return on equity.
NJNG's estimated future MGP environmental remediation costs range from $144.3M to $200.2M, with a $165.2M liability currently recorded.
NJR guarantees approximately $136.1M of Energy Services' natural gas purchase and demand fee commitments not yet reflected in accounts payable.
Energy Services posted a $5.65M net loss in the quarter, though narrower than the $24.98M loss a year earlier, reflecting continued derivative-timing earnings volatility.
Under OBBBA, CEV solar facilities must begin construction before July 4, 2026 or be placed in service by December 31, 2027 to remain ITC-eligible.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$258.0M

Net Income

Q2 2026

$9.7M

ROIC

Q2 2026

2.0%

D/E Ratio

Q2 2026

1.40

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+9.9% YoY

$1.35BFY 2025

FY22 $1.20BFY23 $1.11BFY24 $1.23BFY25 $1.35B

Net Income

+15.8% YoY

$335.6MFY 2025

FY22 $274.9MFY23 $264.7MFY24 $289.8MFY25 $335.6M

Operating Income

+11.1% YoY

$508.9MFY 2025

FY22 $406.5MFY23 $407.0MFY24 $458.1MFY25 $508.9M

EPS (Diluted)

+14.0% YoY

$3.33FY 2025

FY22 $2.85FY23 $2.71FY24 $2.92FY25 $3.33

Total Assets

+8.6% YoY

$7.58BFY 2025

FY22 $6.26BFY23 $6.54BFY24 $6.98BFY25 $7.58B

Total Debt

+7.3% YoY

$3.60BFY 2025

FY22 $2.98BFY23 $3.14BFY24 $3.36BFY25 $3.60B

Op. Cash Flow

+9.1% YoY

$466.3MFY 2025

FY22 $323.5MFY23 $479.0MFY24 $427.4MFY25 $466.3M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.35B +9.9%	$1.23B +10.7%	$1.11B -7.3%	$1.20B +40.7%	$852.1M +2.2%	$833.7M
Net Income	$335.6M +15.8%	$289.8M +9.5%	$264.7M -3.7%	$274.9M +133.2%	$117.9M -27.7%	$163.0M
Operating Income	$508.9M +11.1%	$458.1M +12.6%	$407.0M +0.1%	$406.5M +41.0%	$288.4M +26.0%	$228.9M
EPS (Diluted)	$3.33 +14.0%	$2.92 +7.7%	$2.71 -4.9%	$2.85 +133.6%	$1.22 -28.7%	$1.71
Total Assets	$7.58B +8.6%	$6.98B +6.8%	$6.54B +4.4%	$6.26B +9.4%	$5.72B +7.6%	$5.32B
Total Debt	$3.60B +7.3%	$3.36B +7.1%	$3.14B +5.1%	$2.98B +14.2%	$2.61B +8.3%	$2.41B
Operating Cash Flow	$466.3M +9.1%	$427.4M -10.8%	$479.0M +48.1%	$323.5M -17.3%	$391.0M +83.1%	$213.5M

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Available Research

13F Pro tracks comprehensive data for NEW JERSEY RESOURCES CORP including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of NJR

BlackRock, Inc.
$1.0B17,993,218 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$355.4M6,342,251 sh
STATE STREET CORP
$306.1M5,418,885 sh
VANGUARD CAPITAL MANAGEMENT LLC
$254.6M4,542,869 sh
DIMENSIONAL FUND ADVISORS LP
$241.8M4,313,917 sh
GEODE CAPITAL MANAGEMENT, LLC
$173.4M3,094,446 sh
WELLS FARGO & COMPANY/MN
$131.3M2,343,079 sh
AQR CAPITAL MANAGEMENT LLC
$105.8M1,887,829 sh
MORGAN STANLEY
$95.2M1,699,371 sh
Neuberger Berman Group LLC
$90.4M1,611,450 sh

Fund	Value	Shares
BlackRock, Inc.	$1.0B	17,993,218
VANGUARD PORTFOLIO MANAGEMENT LLC	$355.4M	6,342,251
STATE STREET CORP	$306.1M	5,418,885
VANGUARD CAPITAL MANAGEMENT LLC	$254.6M	4,542,869
DIMENSIONAL FUND ADVISORS LP	$241.8M	4,313,917
GEODE CAPITAL MANAGEMENT, LLC	$173.4M	3,094,446
WELLS FARGO & COMPANY/MN	$131.3M	2,343,079
AQR CAPITAL MANAGEMENT LLC	$105.8M	1,887,829
MORGAN STANLEY	$95.2M	1,699,371
Neuberger Berman Group LLC	$90.4M	1,611,450

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Is NJR a good stock to buy?

13F Pro's AI-powered analysis of NEW JERSEY RESOURCES CORP (NJR) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Energy sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NJR are available on the NJR stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. NJR is classified as a mid company.

Which hedge funds own NJR?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NJR. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of NEW JERSEY RESOURCES CORP's investment landscape.