NJR (New Jersey Resources) Construction In Progress: $595 Mil (As of Jun. 2026)

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NJR New Jersey Resources Corp NJR
73 GF Score
Price $53.52
GF Value $53.96
Valuation Fairly Valued
! 8 Warning Signs
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What is New Jersey Resources Construction In Progress?

New Jersey Resources NJR -2.41% 73 Construction In Progress is $595 Mil as of Jun. 2026. GuruFocus rates NJR with a GF Score™ of 73/100 and a GF Value™ of $53.96 (Fairly Valued). The stock has 8 warning signs investors should review.

New Jersey Resources's quarterly construction in progress increased from Dec. 2025 ($616 Mil) to Mar. 2026 ($727 Mil) but then declined from Mar. 2026 ($727 Mil) to Jun. 2026 ($595 Mil).

New Jersey Resources's annual construction in progress increased from Sep. 2023 ($380 Mil) to Sep. 2024 ($440 Mil) and increased from Sep. 2024 ($440 Mil) to Sep. 2025 ($547 Mil).

New Jersey Resources Construction In Progress Historical Data

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The historical data trend for New Jersey Resources's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

New Jersey Resources Construction In Progress Chart

New Jersey Resources Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 547.54 361.77 380.20 440.16 547.35

New Jersey Resources Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 609.87 547.35 615.80 727.31 595.37
NJR
73GF Score
New Jersey Resources Corp NJR
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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New Jersey Resources Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $595 Mil mean?
New Jersey Resources (NJR) has a Construction In Progress of $595 Mil as of Jun. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on New Jersey Resources and its competitors.
Is New Jersey Resources' Construction In Progress too high?
New Jersey Resources' current Construction In Progress is $595 Mil. Overall, New Jersey Resources has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does New Jersey Resources' Construction In Progress compare to BKH and SWX?
New Jersey Resources' Construction In Progress of $595 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Utilities - Regulated company?
A good Construction In Progress depends on the Utilities - Regulated industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on New Jersey Resources and its competitors. New Jersey Resources's current Construction In Progress is $595 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Jersey Resources stock overvalued right now?
Based on GuruFocus' analysis, New Jersey Resources (NJR) is currently considered Fairly Valued. The stock's GF Value™ is $53.96, compared to a current price of $53.52 — trading 0.8% below its estimated fair value. The current Construction In Progress is $595 Mil. New Jersey Resources' overall GF Score™ is 73/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For New Jersey Resources (NJR), the current Construction In Progress is $595 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is New Jersey Resources (NJR) Overvalued in 2026?

Based on GuruFocus' analysis, New Jersey Resources stock appears to be undervalued. The current stock price of $53.52 is trading 0.8% below its estimated GF Value™ of $53.96. GuruFocus considers New Jersey Resources to be Fairly Valued.

Key valuation signals for NJR:

  • Construction In Progress: $595 Mil
  • GF Value™: $53.96 vs. price of $53.52 (0.8% below fair value)
  • GF Score™: 73/100 with 8 warning signs

No single metric tells the full story. See the NJR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

New Jersey Resources Business Description

Other Exchanges NJ1:Germany
Address 1415 Wyckoff Road, Wall, NJ, USA, 07719
New Jersey Resources is an energy services holding company with regulated and nonregulated operations. Its regulated utility, New Jersey Natural Gas, delivers natural gas to nearly 600,000 customers in the state. NJR's nonregulated businesses include investments in commercial solar projects and several large midstream natural gas projects.
73GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$53.52
Price
$53.96
GF Value