NEW JERSEY RESOURCES CORP

Natural Gas Distribution·WALL, NJ·FY end 09/30·CIK 356309

CEO Pay Ratio

43:1

Stephen D. Westhoven

CEO Total Comp

$6.4M

Stephen D. Westhoven

Median Employee

$115,294

Revenue

$1.4B

FY 2025

Net Income

$335.6M

FY 2025

Free Cash Flow

—

FY 2025

Net Margin

24.8%

Insider Net (180d)

-$811.7K

0 buys / 5 sales

CEO Pay Accountability

CEO comp as % of net income

1.92%

For every $1,000 of profit, $19.17 flows to the CEO.

CEO comp as % of buybacks

—

No buyback data for the most recent fiscal year.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$1.4B	$1.2B	$1.1B	$1.2B	$852.1M
Gross Profit	—	—	—	—	—	—
Operating Income	$508.9M	$458.1M	$407.0M	$406.5M	$288.4M
Net Income	$335.6M	$289.8M	$264.7M	$274.9M	$117.9M
Operating CF	$466.3M	$427.4M	$479.0M	$323.5M	$391.0M
Capex	—	—	—	—	—	—
Free Cash Flow	—	—	—	—	—	—
Buybacks	—	—	$0	$0	$27.2M
Dividends	$180.1M	$165.1M	$151.0M	$127.7M	$117.0M

Gross Margin	—	—	—	—	—	—
Operating Margin	37.7%	37.2%	36.6%	33.9%	33.8%
Net Margin	24.8%	23.6%	23.8%	22.9%	13.8%
FCF Margin	—	—	—	—	—	—
R&D / Revenue	—	—	—	—	—	—
Effective Tax	—	—	—	—	—	—
Debt / Equity	—	—	—	—	—	—
Buybacks / FCF	—	—	—	—	—	—

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Stephen D. WesthovenPresident and Chief Executive Officer	$1.0M	$3.5M	—	$1.4M	$517.6K	$6.4M
Patrick J. MigliaccioSenior Vice President and Chief Operating Officer, NJNG	$512.5K	$547.9K	—	$364.2K	$129.8K	$1.6M
Roberto F. BelSenior Vice President and Chief Financial Officer	$457.1K	$468.0K	—	$333.3K	$53.1K	$1.3M
Amy CradicSenior Vice President and Chief Operating Officer of Non-Utility Businesses, Strategy and External Affairs	$445.7K	$476.6K	—	$325.5K	$58.4K	$1.3M
Richard ReichSenior Vice President and General Counsel	$448.2K	$383.5K	—	$266.0K	$135.3K	$1.2M