New Jersey Resources Corp

NJR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$41.00	Mbzbsb	Bwfmbxfz

New Jersey Resources Earnings: Well-Positioned To Benefit From Clean Energy Policies, Regulations

Travis Miller

Aug 3, 2023

We are reaffirming our $45 fair value estimate for New Jersey Resources after the firm reported earning $0.10 per share on an adjusted basis during the third quarter of the 2023 fiscal year, up from a $0.04 loss in the same quarter last year. We reaffirm our narrow moat rating.

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