NJR
You’ve read what changed. Here’s whether the market is confirming it.
Market read
NJR accounts for 9.2% of the group's measured movement across 7.3 effective names. raw member direction is mixed; 7 of 11 session-normalized paths align to the downside. Capital-flow agreement is 7%, so confirmation is not yet clean. No verified headline preceded the measured group move.
DTM, SR, ATO moved materially before NJR. NJR crossed its material path threshold at 15:40 ET, 1425 minutes after the first measured mover. NWN, OGS, MNR followed.
6 of 11 members in Natural Gas Exposure are active. 0 of 5 disclosed connections are confirming.
Invalidation: The live read weakens if participation falls to 3 of 11 members or fewer.
Research brief
NJR accounts for 9.2% of the group's measured movement across 7.3 effective names. raw member direction is mixed; 7 of 11 session-normalized paths align to the downside. Capital-flow agreement is 7%, so confirmation is not yet clean. No verified headline preceded the measured group move.
No thresholded adverse filing evidence is available yet.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“Natural gas purchases increased approximately $14.3M during the three months ended June 30, 2026, compared with the three months ended June 30, 2025, due primarily to a 39% increase in volumes of natural gas purchased, partially offset by a 13% decrease in na…”10-Q · Aug 4, 2026 ↗
“MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Continued) Net income increased approximately $16.9M during the nine months ended June 30, 2026, compared with the nine months ended June 30, 2025, due primarily to the fol…”10-Q · Aug 4, 2026 ↗
“Short-term borrowings were as follows: Nine Months Ended (Thousands) June 30, 2026 NJR Notes Payable to banks: Balance at end of period $ 220,000 Weighted average interest rate at end of period 4.86 % Average balance for the period $ 227,704 Weighted average…”10-Q · Aug 4, 2026 ↗
“Investing Activities Cash flows used in investing activities increased approximately $246.9M during the nine months ended June 30, 2026, compared with the nine months ended June 30, 2025, due primarily to the receipt of proceeds resulting from CEV's sale of t…”10-Q · Aug 4, 2026 ↗
Valuation discipline
Price/sales 3.8× · EV/sales 3.8×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 30 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for NJR. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
10-Q filed 2026-08-04 against the comparable filing from 2025-08-05.
No thresholded deterioration was identified.
“Net income decreased approximately $33.3M during the nine months ended June 30, 2026, compared with the nine months ended June 30, 2025, due primarily to the following factors: • $56.1M decrease due to the gain on the sale of the residential solar portfolio in the prior period; • $6.4M increase in interest expense, net of capitalized interest due to higher outstanding debt; and • $4.1M increase in depreciation expense as a result of additional solar assets being placed into service; partially offset by • $14.5M increase in operating revenues due to higher REC sales; • $10.1M decrease in income tax expense related to lower operating income; and • $6.6M increase in other income, net due prima...”
“Effects of Inflation Any change in price levels has an effect on operating results due to the capital-intensive and regulated nature of our utility subsidiary.”
“Net Income Net income decreased approximately $4.0M during the three months ended June 30, 2026, compared with the three months ended June 30, 2025, due primarily to the following factors: • $4.4M increase in depreciation expense as a result of additional utility plant being placed into service; • $2.8M increase in O&M due to higher employee expenses; and • $2.8M increase in interest expense due to higher outstanding long-term debt; partially offset by • $5.7M increase in Utility Gross Margin, as previously discussed.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Filing peers
Companies whose filings use similar operating language.
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What is moving around it
NJR is currently a Participant in the organic co-movement group Natural Gas Exposure. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.
Context history
No durable theme membership has been observed for this name yet.