New Jersey Resources Corporation
New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to residential and commercial customers in Burlington, Middlesex, Monmouth, Mor… Read more
New Jersey Resources Corporation (NJ1) - Net Assets
Latest net assets as of December 2025: €2.47 Billion EUR
Based on the latest financial reports, New Jersey Resources Corporation (NJ1) has net assets worth €2.47 Billion EUR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€7.91 Billion) and total liabilities (€5.43 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €2.47 Billion |
| % of Total Assets | 31.27% |
| Annual Growth Rate | 8.59% |
| 5-Year Change | 46.65% |
| 10-Year Change | 105.01% |
| Growth Volatility | 7.49 |
New Jersey Resources Corporation - Net Assets Trend (2014–2025)
This chart illustrates how New Jersey Resources Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for New Jersey Resources Corporation (2014–2025)
The table below shows the annual net assets of New Jersey Resources Corporation from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | €2.39 Billion | +8.69% |
| 2024-09-30 | €2.20 Billion | +10.53% |
| 2023-09-30 | €1.99 Billion | +9.55% |
| 2022-09-30 | €1.82 Billion | +11.43% |
| 2021-09-30 | €1.63 Billion | -11.59% |
| 2020-09-30 | €1.84 Billion | +18.88% |
| 2019-09-30 | €1.55 Billion | +9.35% |
| 2018-09-30 | €1.42 Billion | +14.74% |
| 2017-09-30 | €1.24 Billion | +6.00% |
| 2016-09-30 | €1.17 Billion | +5.39% |
| 2015-09-30 | €1.11 Billion | +14.57% |
| 2014-09-30 | €966.17 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to New Jersey Resources Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 115.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.45 Billion | 60.68% |
| Other Components | €940.30 Million | 39.32% |
| Total Equity | €2.39 Billion | 100.00% |
New Jersey Resources Corporation Competitors by Market Cap
The table below lists competitors of New Jersey Resources Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yunnan Tin Co Ltd
SHE:000960
|
$4.62 Billion |
|
Tokyo Electric Power Co
PINK:TKECY
|
$4.62 Billion |
|
Lemonade Inc
NYSE:LMND
|
$4.62 Billion |
|
Jfrog Ltd
NASDAQ:FROG
|
$4.62 Billion |
|
Canadian Utilities Limited
PINK:CUTLF
|
$4.62 Billion |
|
Kingdee International Software Group Company Limited
PINK:KGDEF
|
$4.61 Billion |
|
Tianshui Huatian Technology Co Ltd
SHE:002185
|
$4.61 Billion |
|
Zhejiang Longsheng Group Co Ltd
SHG:600352
|
$4.60 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in New Jersey Resources Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,200,443,000 to 2,391,666,000, a change of 191,223,000 (8.7%).
- Net income of 335,627,000 contributed positively to equity growth.
- Dividend payments of 180,066,000 reduced retained earnings.
- New share issuances of 34,828,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €335.63 Million | +14.03% |
| Dividends Paid | €180.07 Million | -7.53% |
| Share Issuances | €34.83 Million | +1.46% |
| Other Changes | €834.00K | +0.03% |
| Total Change | €- | 8.69% |
Book Value vs Market Value Analysis
This analysis compares New Jersey Resources Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.99x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.32x to 1.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-09-30 | €14.29 | €47.40 | x |
| 2018-09-30 | €16.07 | €47.40 | x |
| 2019-09-30 | €17.24 | €47.40 | x |
| 2020-09-30 | €19.23 | €47.40 | x |
| 2021-09-30 | €17.04 | €47.40 | x |
| 2022-09-30 | €18.88 | €47.40 | x |
| 2023-09-30 | €20.40 | €47.40 | x |
| 2024-09-30 | €22.12 | €47.40 | x |
| 2025-09-30 | €23.80 | €47.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently New Jersey Resources Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.03%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.48%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 3.17x
- Recent ROE (14.03%) is above the historical average (12.81%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 14.69% | 3.80% | 1.18x | 3.27x | €45.35 Million |
| 2015 | 16.35% | 6.62% | 0.83x | 2.97x | €70.26 Million |
| 2016 | 11.29% | 7.00% | 0.50x | 3.19x | €15.01 Million |
| 2017 | 10.68% | 5.82% | 0.58x | 3.18x | €8.40 Million |
| 2018 | 16.45% | 8.01% | 0.70x | 2.92x | €91.54 Million |
| 2019 | 10.92% | 6.54% | 0.59x | 2.82x | €14.33 Million |
| 2020 | 10.51% | 9.93% | 0.35x | 3.02x | €9.45 Million |
| 2021 | 7.23% | 5.47% | 0.38x | 3.51x | €-45.20 Million |
| 2022 | 15.13% | 9.46% | 0.46x | 3.45x | €93.20 Million |
| 2023 | 13.30% | 13.49% | 0.30x | 3.28x | €65.65 Million |
| 2024 | 13.17% | 16.13% | 0.26x | 3.17x | €69.73 Million |
| 2025 | 14.03% | 16.48% | 0.27x | 3.17x | €96.46 Million |
Industry Comparison
This section compares New Jersey Resources Corporation's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $30,316,546,729
- Average return on equity (ROE) among peers: 8.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| New Jersey Resources Corporation (NJ1) | €2.47 Billion | 14.69% | 2.20x | $4.62 Billion |
| 7RN (7RN) | $4.05 Billion | 4.83% | 1.18x | $1.45 Billion |
| The Hong Kong and China Gas Company Limited (HCG) | $62.90 Billion | 11.85% | 0.86x | $8.81 Billion |
| Chinese People Holdings Company Limited (KEH) | $2.75 Billion | 0.56% | 0.23x | $14.56 Million |
| PT Perusahaan Gas Negara Tbk (PGB1) | $3.17 Billion | 9.60% | 1.16x | $1.20 Billion |
| China Tian Lun Gas Holdings Limited (TLJ) | $3.54 Billion | 16.06% | 2.23x | $41.67 Million |
| Saibu Gas Holdings Co.Ltd (XSG) | $105.49 Billion | 5.83% | 3.09x | $397.31 Million |