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New Jersey Resources Corp - Stock Quote NJR

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Morningstar's New Jersey Resources Corp Stock Analysis

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Favorable Natural Gas Markets Boost New Jersey Resources' 2022 Outlook

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are reaffirming our $39 fair value estimate for New Jersey Resources after the company reported adjusted earnings per share of $1.36 in its fiscal second quarter, down from $1.77 in the year-ago quarter. NJR remains on track to meet or exceed our full-year earnings outlook. We are reaffirming our narrow moat and stable moat trend ratings.

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New Jersey Resources Corp's Company Profile

Business Description

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 560,000 customers in the state. NJR's nonregulated businesses include retail gas supply and solar investments primarily in New Jersey. NJR also is an equity investor and owner in several large midstream gas projects.

1415 Wyckoff Road
Wall, NJ, 07719
T +1 732 938-1000
Sector Utilities
Industry Utilities - Regulated Gas
Most Recent Earnings Mar 31, 2022
Fiscal Year End Sep 30, 2021
Stock Type Slow Growth
Employees 1,251

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