New Jersey Resources Corporation (NJR)


-0.11 (-0.27%)
Strong Buy
Symbol NJR
Price $40.63
Beta 0.647
Volume Avg. 0.65M
Market Cap 3.964B
Shares () -
52 Week Range 38.07-55.84
1y Target Est -
DCF Unlevered NJR DCF ->
DCF Levered NJR LDCF ->
ROE 14.59% Buy
ROA 4.47% Neutral
Operating Margin -
Debt / Equity 159.25% Buy
P/E 14.01 Strong Buy
P/B 1.98 Strong Buy


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Mr. Stephen D. Westhoven
Utilities—Regulated Gas
New York Stock Exchange

New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 564,000 residential and commercial customers throughout Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates commercial and residential solar projects situated in New Jersey, Connecticut, Rhode Island, and New York. The Energy Services segment offers unregulated wholesale energy management services to other energy companies and natural gas producers, as well as maintains and transacts a portfolio of physical assets consisting of natural gas storage and transportation contracts in the United States and Canada. The Storage and Transportation segment invests in natural gas transportation and storage facilities. It provides heating, ventilation, and cooling services; holds commercial real estate properties; and offers solar equipment installation, and plumbing repair and installation services, as well as engages in the water appliance sale, installation, and servicing activities. The company was incorporated in 1981 and is headquartered in Wall, New Jersey.