Risk factors

New Jersey Resources (NJR) risk factors

Item 1A of every New Jersey Resources Corp. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

  • FY2025 10-K risk factors
    7 risks2 new1 dropped5 reworded

    Acquisition integration and joint venture governance risks were added, while credit market and regulatory asset risks were remapped.

    Filed Nov 20, 2025
  • FY2024 10-K risk factors
    Risk factors section under review

    Regulatory policy changes from the New Jersey Energy Master Plan threaten customer growth targets and pricing. Joint ventures and partnerships reduce management control over storage and transportation investments. Credit rating downgrades could prevent NJNG from passing increased costs to natural gas customers.

    Filed Nov 26, 2024