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NEW JERSEY RESOURCES CORP

For the period ended Mar 31, 2026. Filed May 5, 2026.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 5, 2026

NJR$54.34-0.6%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2026

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number:001-08359

NEW JERSEY RESOURCES CORPORATION

(Exact name of registrant as specified in its charter)
New Jersey22-2376465
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification Number)
1415 Wyckoff Road(732)938‑1480
WallNew Jersey07719(Registrant's telephone number, including area code)
(Address of principal executive offices)
Securities registered pursuant to Section 12 (b) of the Act:
Title of each classTrading symbol(s)Name of each exchange on which registered
Common Stock - $2.50 Par ValueNJRNew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes:☒ No:☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes:☒ No:☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b‑2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes:☐ No:☒

The number of shares outstanding of $2.50 par value Common Stock as of May 1, 2026 was 100,921,573.

TABLE OF CONTENTS

Page
Glossary of Key Terms1
Information Concerning Forward-Looking Statements3
PART I. FINANCIAL INFORMATION
ITEM 1.Unaudited Condensed Consolidated Financial Statements4
Notes to Unaudited Condensed Consolidated Financial Statements9
Note 1. Nature of the Business9
Note 2. Summary of Significant Accounting Policies9
Note 3. Revenue10
Note 4. Regulation15
Note 5. Derivative Instruments17
Note 6. Fair Value21
Note 7. Investments in Equity Investees23
Note 8. Earnings Per Share23
Note 9. Debt24
Note 10. Employee Benefit Plans24
Note 11. Income Taxes25
Note 12. Leases26
Note 13. Commitments and Contingent Liabilities28
Note 14. Reportable Segment and Other Operations Data29
Note 15. Related Party Transactions32
Note 16. Dispositions33
ITEM 2.Management's Discussion and Analysis of Financial Condition and Results of Operations34
Natural Gas Distribution Segment37
Clean Energy Ventures Segment45
Energy Services Segment48
Storage and Transportation Segment51
Home Services and Other Business Operations53
Liquidity and Capital Resources53
ITEM 3.Quantitative and Qualitative Disclosures About Market Risk59
ITEM 4.Controls and Procedures61
PART II. OTHER INFORMATION
ITEM 1.Legal Proceedings62
ITEM 1A.Risk Factors62
ITEM 2.Unregistered Sale of Equity Securities and Use of Proceeds62
ITEM 5.Other Information62
ITEM 6.Exhibits63
Signatures64
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.