New Jersey Resources Corp

NJR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$83.00	Rjkdwx	Bllbbvbpp

New Jersey Resources Earnings: Performance Still On Track To Hit High End of Expectations

Travis Miller

May 4, 2023

We are reaffirming our $43 fair value estimate for New Jersey Resources after the firm reported earning $1.16 per share on an adjusted basis during the second quarter of the 2023 fiscal year, down from $1.36 in the same quarter last year. We reaffirm our narrow moat and stable moat trend ratings.

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