New Jersey Resources : NJR June 2025 Investor Presentation

Published: 2025-06-17 15:48:05 ET NJR

Published on 06/17/2025 at 15:48

New Jersey Resources Overview

Financial Overview - 16

Appendix - 24

Fiscal 2025 Second Quarter and Year-to-Date Highlights Fiscal 2025 NFEPS Guidance of $3.15 to $3.30

NFEPS Guidance by Segment NJR Capital Plan

Superior Credit Metrics, Balance Sheet and Cash Flows Dividend Growth: Committed to Building Shareholder Value Industry Leading Long-Term Growth Rate of 7-9%

Review of Fiscal 2025 Second Quarter and Year-to-Date Results Reconciliation of NFE and NFEPS to Net Income

Other Reconciliation of Non-GAAP Measures

Reconciliation of Adjusted Funds from Operations to Cash Flow from Operations Fiscal 2025 Second Quarter and Year-to-Date NFE and NFEPS by Business Unit Capital Plan Table

Debt Repayment Schedule Projected Cash Flows

CEV: SREC Hedging Strategy Stabilizes Revenue Shareholder and Online Information

NJR: Investment Highlights NJR: Business Portfolio

New Jersey Natural Gas (NJNG): Overview NJNG: Supportive Regulatory Construct

NJNG: Customer Growth and Capital Expenditures NJNG: New Base Rates and Energy Efficiency Settlement Clean Energy Ventures (CEV): Overview

CEV: Diverse Portfolio of Investment Options Storage and Transportation (S&T): Overview S&T: Current Activities

Energy Services (ES): Overview

ES: AMAs and Long Option Strategy

Corporate Information

Ticker NYSE: NJR

Corporate Headquarters Wall, NJ

Incorporated New Jersey

Website https://www.njresources.com

IPO 1982

Share Information

Share Price $44.78

Shares Outstanding 100.3M

Market Cap $4.5B

Dividend Information

Annual Dividend $1.80

Dividend Yield 4.01%

All daily trading information/multiples as of 6/11/2025

Complementary Energy Infrastructure Platform with Predictable Earnings and Incremental Growth Opportunities

Industry Leading Growth Rate

Clear

Earnings Visibility

Strong Balance Sheet

Stated 7-9% long-term annual NFEPS* growth rate is at the highest end of the utility industry.**

NJR has exceeded this growth rate in each of the last 5 years.

NJR's largest business unit is New Jersey Natural Gas, which completed its most recent base rate case in November 2024, securing recovery for investments that ensure safe and reliable service for our roughly 588,000 customers.

This provides NJR with strong visibility into its long-term growth trajectory

Long-term debt is well staggered with no significant maturities in any particular year. This provides financial flexibility and reduced risk, especially in an evolving interest rate environment.

Consistent Execution

No need for block equity issuances to achieve growth targets

* Net Financial Earnings Per Share 4

** NJR's long-term annual NFEPS growth rate was reiterated on May 5, 2025 and is not being updated at this time.

Natural Gas and Renewable Fuel Distribution; Solar Investments, Wholesale Energy Markets; Storage & Transportation Infrastructure; Retail Operations

New Jersey Natural Gas (NJNG)

Clean Energy Ventures

(CEV)

Operates and maintains Natural Gas transportation and distribution infrastructure serving approximately 588,000 customers in New Jersey

CEV develops, invests in, owns and operates energy projects that generate clean power, provide low carbon energy solutions and help our customers save energy and money in a sustainable way

Demonstrated leadership as a premier energy infrastructure and environmentally-forward thinking company

Storage and Transportation (S&T)

Energy Services (ES)

Invests in, owns and operates midstream assets including natural gas pipeline and storage facilities. Our companies provide transportation and storage services to a broad range of customers in the natural gas market

Provides unregulated, wholesale natural gas to consumers across the Gulf Coast, Eastern Seaboard, Southwest, Mid-continent and Canada. In addition to energy supply, NJRES provides a full-range of customized energy management services

NJR Home Services (NJRHS)

NJR Home Services offers customers home comfort solutions, including equipment sales and installations; solar lease and purchase plans; and a service contract product line, including heating, cooling, water heating, electric and standby generator contracts

Recognized as a Top 20 Ruud® National Pro Partner for 8 Consecutive Years

Disclaimer

New Jersey Resources Corporation published this content on June 16, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 17, 2025 at 19:47 UTC.