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Below are the financial statements of New Jersey Resources, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
Below are the financial statements of New Jersey Resources, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Operating revenues | — | — | — |
| Utility | 1,018.48a | 1,011.28a | 1,127.42a |
| Nonutility | 778.06a | 951.71a | 1,778.56a |
| Total operating revenues | 1,796.54a | 1,962.99a | 2,905.98a |
| Operating expenses | — | — | — |
| Natural gas purchases | — | — | — |
| Utility | -405.33a | -416.16a | -547.9a |
| Nonutility | -304.43a | -555.58a | -1,393.66a |
| Related parties | -7.15a | -7.21a | -7.4a |
| Operation and maintenance | -394.64a | -373.57a | -361.87a |
| Regulatory rider expenses | -60.33a | -50.54a | -59.44a |
| Depreciation and amortization | -166.57a | -152.94a | -129.25a |
| Total operating expenses | -1,338.44a | -1,555.99a | -2,499.5a |
| Operating income | 458.1a | 407a | 406.48a |
| Other income, net | 41.55a | 26.08a | 22.3a |
| Interest expense, net of capitalized interest | -130.28a | -123.01a | -85.83a |
| Income before income taxes and equity in earnings of affiliates | 369.38a | 310.07a | 342.94a |
| Income tax provision | -84.91a | -49.28a | -76.2a |
| Equity in earnings of affiliates | 5.3a | 3.93a | 8.18a |
| Net income | 289.78a | 264.72a | 274.92a |
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