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Side-by-side financial comparison of CIVITAS RESOURCES, INC. (CIVI) and NEW JERSEY RESOURCES CORP (NJR). Click either name above to swap in a different company.

CIVITAS RESOURCES, INC. is the larger business by last-quarter revenue ($1.2B vs $939.4M, roughly 1.2× NEW JERSEY RESOURCES CORP). On growth, CIVITAS RESOURCES, INC. posted the faster year-over-year revenue change (-8.2% vs -33.0%). Over the past eight quarters, NEW JERSEY RESOURCES CORP's revenue compounded faster (111.6% CAGR vs 1.8%).

Civitas Resources, Inc. is a U.S.-based sustainable energy enterprise focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It primarily operates across the Denver-Julesburg Basin in Colorado, prioritizing low-emission, responsible energy production to meet diverse North American energy demand.

New Jersey Resources is an energy services holding company based in Wall Township, New Jersey. It is a Fortune 1000 company, and a member of the Forbes Platinum 400. New Jersey Natural Gas is its principal subsidiary.

CIVI vs NJR — Head-to-Head

Bigger by revenue
CIVI
CIVI
1.2× larger
CIVI
$1.2B
$939.4M
NJR
Growing faster (revenue YoY)
CIVI
CIVI
+24.8% gap
CIVI
-8.2%
-33.0%
NJR
Faster 2-yr revenue CAGR
NJR
NJR
Annualised
NJR
111.6%
1.8%
CIVI

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
CIVI
CIVI
NJR
NJR
Revenue
$1.2B
$939.4M
Net Profit
$218.9M
Gross Margin
Operating Margin
20.0%
32.0%
Net Margin
23.3%
Revenue YoY
-8.2%
-33.0%
Net Profit YoY
7.2%
EPS (diluted)
$1.99
$2.16

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CIVI
CIVI
NJR
NJR
Q1 26
$939.4M
Q4 25
$440.9M
Q3 25
$1.2B
$188.3M
Q2 25
$1.1B
$234.8M
Q1 25
$1.2B
$569.2M
Q4 24
$1.3B
$359.0M
Q3 24
$1.3B
$265.7M
Q2 24
$1.3B
$209.9M
Net Profit
CIVI
CIVI
NJR
NJR
Q1 26
$218.9M
Q4 25
$122.5M
Q3 25
$15.1M
Q2 25
$-15.1M
Q1 25
$204.3M
Q4 24
$131.3M
Q3 24
$91.1M
Q2 24
$-11.6M
Operating Margin
CIVI
CIVI
NJR
NJR
Q1 26
32.0%
Q4 25
40.6%
Q3 25
20.0%
21.5%
Q2 25
15.3%
-0.5%
Q1 25
20.7%
49.2%
Q4 24
15.4%
52.8%
Q3 24
30.6%
55.0%
Q2 24
21.6%
2.8%
Net Margin
CIVI
CIVI
NJR
NJR
Q1 26
23.3%
Q4 25
27.8%
Q3 25
8.0%
Q2 25
-6.4%
Q1 25
35.9%
Q4 24
36.6%
Q3 24
34.3%
Q2 24
-5.5%
EPS (diluted)
CIVI
CIVI
NJR
NJR
Q1 26
$2.16
Q4 25
$1.21
Q3 25
$1.99
$0.15
Q2 25
$1.34
$-0.15
Q1 25
$1.99
$2.02
Q4 24
$1.56
$1.31
Q3 24
$3.01
$0.91
Q2 24
$2.15
$-0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CIVI
CIVI
NJR
NJR
Cash + ST InvestmentsLiquidity on hand
$56.0M
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$6.7B
Total Assets
$15.1B
Debt / EquityLower = less leverage
0.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CIVI
CIVI
NJR
NJR
Q1 26
Q4 25
$2.4M
Q3 25
$56.0M
$591.0K
Q2 25
$69.0M
$931.0K
Q1 25
$20.0M
$83.7M
Q4 24
$76.0M
$1.9M
Q3 24
$47.1M
$1.0M
Q2 24
$91.9M
$22.4M
Total Debt
CIVI
CIVI
NJR
NJR
Q1 26
Q4 25
$3.3B
Q3 25
$5.1B
$3.3B
Q2 25
$5.4B
$3.0B
Q1 25
$5.1B
$3.0B
Q4 24
$4.5B
$3.0B
Q3 24
$4.8B
$2.9B
Q2 24
$4.9B
$2.8B
Stockholders' Equity
CIVI
CIVI
NJR
NJR
Q1 26
Q4 25
$2.5B
Q3 25
$6.7B
$2.4B
Q2 25
$6.8B
$2.4B
Q1 25
$6.7B
$2.5B
Q4 24
$6.6B
$2.3B
Q3 24
$6.7B
$2.2B
Q2 24
$6.6B
$2.1B
Total Assets
CIVI
CIVI
NJR
NJR
Q1 26
Q4 25
$7.9B
Q3 25
$15.1B
$7.6B
Q2 25
$15.4B
$7.3B
Q1 25
$15.3B
$7.3B
Q4 24
$14.9B
$7.2B
Q3 24
$15.0B
$7.0B
Q2 24
$15.0B
$6.8B
Debt / Equity
CIVI
CIVI
NJR
NJR
Q1 26
Q4 25
1.32×
Q3 25
0.77×
1.36×
Q2 25
0.79×
1.25×
Q1 25
0.76×
1.20×
Q4 24
0.68×
1.29×
Q3 24
0.73×
1.31×
Q2 24
0.74×
1.30×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CIVI
CIVI
NJR
NJR
Operating Cash FlowLast quarter
$860.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CIVI
CIVI
NJR
NJR
Q1 26
Q4 25
$26.7M
Q3 25
$860.0M
$81.2M
Q2 25
$298.0M
$-28.9M
Q1 25
$719.0M
$423.0M
Q4 24
$858.2M
$-9.0M
Q3 24
$835.0M
$64.5M
Q2 24
$359.0M
$24.3M
Cash Conversion
CIVI
CIVI
NJR
NJR
Q1 26
Q4 25
0.22×
Q3 25
5.39×
Q2 25
Q1 25
2.07×
Q4 24
-0.07×
Q3 24
0.71×
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CIVI
CIVI

Crude Oil Natural Gas And Natural Gas Liquids$1.2B99%
Oil And Gas Operation And Maintenance$8.0M1%
Natural Gas Reserves$2.0M0%

NJR
NJR

Utility$640.9M68%
Nonutility$298.5M32%

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