• NewJersey Resources average return on tangible equity for 2023 was 13.89, a 12.93% decline from 2022.
• NewJersey Resources average return on tangible equity for 2022 was 12.3, a 27.46% increase from 2021.
• NewJersey Resources average return on tangible equity for 2021 was 9.65, a 22.62% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.