New Jersey Resources Corp (NJR) Quote - XNYS | Morningstar

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1-Star Price

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5-Star Price

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Economic Moat

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Capital Allocation

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New Jersey Resources on Track With Full-Year Outlook and Growth Plan

Strategist Travis Miller

Travis Miller Strategist

Analyst Note

| Travis Miller | Aug 5, 2021

We are reaffirming our $39 fair value estimate for New Jersey Resources after the company reported a $0.15 per share adjusted net financial loss in its fiscal third quarter. Losses are typical in the third quarter because of low gas demand, and earnings remain on track to meet our full-year outlook. We are reaffirming our narrow moat and stable moat trend ratings.

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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.

Contact

1415 Wyckoff Road
Wall, NJ, 07719

T +1 732 938-1000

www.njresources.com

Sector Utilities

Industry Utilities - Regulated Gas

Most Recent Earnings Jun 30, 2021

Fiscal Year End Sep 30, 2021

Stock Type High Yield

Employees 1,156

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