Company Analysis

NewJersey Resources Corporation NJR

A comprehensive view of key metrics, scores, and financial health for NewJersey Resources Corporation

Overview of New Jersey Resources Corporation

NJR NYQ

Utilities Utilities - Regulated Gas Mid Cap

New Jersey Resources Corporation (NJR), is a Mid Cap company, in the Utilities - Regulated Gas industry, last closed at $55.40, about 35.4% overvalued vs fair value, +11.9% 1Y return, ranked 82/116 in sector.

Metrics P/E 14.5× Rev Growth 13.4% ROE 14.6% Gross Margin 35.7% Div Yield 3.72%

$55.40

-1.44%

As of April 29, 2026

Previous close • Vol 90d: 17.4%

52-Week Range

Low

44.13

84%

Now 55.40

High

57.56

Market Cap

$5.67B

Enterprise Value

$9.64B

Overall Score

View breakdown

Overall

Growth

Fair

Profitability

Good

Health

Fair

Efficiency

Weak

Valuation

Fair

Growth

Fair

Profitability

Good

Health

Fair

Efficiency

Weak

Valuation

Fair

Completeness: 82%

Confidence: 88%

Updated: Mar 8

Top Beats

Quick Facts

Website https://www.njresources.com

HQ Wall, NJ

Employees 1,376

Fiscal year Sep 30

Next Events

Earnings May 4 Estimated

Fair Value Snapshot

Bear Base Bull

$30

$36

$42

Current: $55.40 -35% vs base

Engine Room Money Flow™

Mid Cap

Regulated Utilities - Where revenue goes and how value is created

Flow Steps

Total Revenue

$2.0B

13.4%%

EBITDA

$743.9M

11.7%%

Operating Income (EBIT)

$450.7M

-1.6%%

Net Income

$335.6M

15.8%%

Money Flow Bridge

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Flow Direction: Money moves from left to right

Components: Breakdown shows composition of each stage

Industry-Specific: Regulated Utilities

Data Quality Notes

Note: FFO (Funds From Operations) = Net Income + D&A + Deferred Taxes. This is the standard cash proxy for regulated utilities, replacing FCF as the primary metric — high D&A from rate-base assets systematically depresses FCF.
Note: Owner Pocket percentages are relative to FFO (not FCF). Regulated utilities fund dividends from FFO; FCF is depressed by large rate-base depreciation charges.

Quality & Reliability Indicators

FFO / Total Debt

15.9%

Good

FFO ÷ Total Debt — the primary S&P/Moody's credit metric for utility ratings. >15% is investment-grade; >20% signals strong credit quality.

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$214.9M

35.8% of FFO

Where It Leaks

Cash Flow Health critical

Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.

Active Leaks

0/3

Improving

High Impact

Critical

Medium

CapEx Hunger

Current: 151.4%

Reinvestment Leak

Worsening

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Scores based on quantitative metrics and qualitative factors

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Regulatory Franchise

Developing

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Rate-Base Return Quality

Moderate

Dividend Sustainability

Moderate

Capital Structure Discipline

Strong

Operational Efficiency

Moderate

Essential Service Resilience

Developing

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Regulated Utilities vs Industry Peers 100% Coverage

Click axes to expand details. Marker shows current allocation.

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Growth

53th percentile vs peers

Key Signals

Asset Growth YoY 8.6% 55p Rev Growth YoY 13.4% 73p EPS Growth YoY 14.1% 71p Equity Growth YoY 8.7% 40p Revenue CAGR 3Y -11.2% 2p

Strengths

ROE in top 20% of peers (14.6%, 84th percentile)
Interest Coverage (EBITDA) in top 20% of peers (5.78, 91th percentile)

Risks

No significant risks identified for this axis.

Profitability

65th percentile vs peers

Key Signals

Strengths

Risks

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Safety

56th percentile vs peers

Key Signals

Strengths

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Two Futures

Scenario-based fair value ranges for NewJersey Resources Corporation.

WACC X.X%

X%XX%

Rev CAGR 5Y X.X%

-XX%XX%

Op Margin XX.X%

-XX%XX%

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Bear

- - -

- upside

Base

$35.77

- - -

-35.4% vs current

Snapshot base estimate

Bull

- - -

- upside

Fair Value Range Current: $-

$- $- $-

NewJersey Resources Corporation NJR

Overview of New Jersey Resources Corporation

Quick Facts

Next Events

Fair Value Snapshot

Flow Steps

Money Flow Bridge

Data Quality Notes

Quality & Reliability Indicators

FFO / Total Debt

Locked Metric

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

CapEx Hunger

Locked Leak

Locked Leak

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Regulatory Franchise

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Rate-Base Return Quality

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Dividend Sustainability

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Capital Structure Discipline

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Operational Efficiency

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Essential Service Resilience

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Growth

Profitability

Safety

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