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NJR 
NewJersey Resources Corporation (NJR)
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Upturn Advisory Summary
12/26/2025: NJR (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
8 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $54.71
1 Year Target Price $54.71
| 3 | Strong Buy |
| 1 | Buy |
| 4 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -19.02% | Avg. Invested days 42 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/26/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.64B USD | Price to earnings Ratio 13.83 | 1Y Target Price 54.71 |
Price to earnings Ratio 13.83 | 1Y Target Price 54.71 | ||
Volume (30-day avg) 8 | Beta 0.62 | 52 Weeks Range 42.85 - 49.23 | Updated Date 12/27/2025 |
52 Weeks Range 42.85 - 49.23 | Updated Date 12/27/2025 | ||
Dividends yield (FY) 3.94% | Basic EPS (TTM) 3.33 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 16.48% | Operating Margin (TTM) -7.47% |
Management Effectiveness
Return on Assets (TTM) 3.87% | Return on Equity (TTM) 14.62% |
Valuation
Trailing PE 13.83 | Forward PE 14.66 | Enterprise Value 8406454774 | Price to Sales(TTM) 2.28 |
Enterprise Value 8406454774 | Price to Sales(TTM) 2.28 | ||
Enterprise Value to Revenue 4.13 | Enterprise Value to EBITDA 11.3 | Shares Outstanding 100745880 | Shares Floating 95760277 |
Shares Outstanding 100745880 | Shares Floating 95760277 | ||
Percent Insiders 0.5 | Percent Institutions 78.77 |
Upturn AI SWOT
NewJersey Resources Corporation
Company Overview
History and Background
NewJersey Resources Corporation (NJR) was founded in 1921 as New Jersey Natural Gas Company. It has since evolved into a diversified energy services holding company. Key milestones include its transition into a publicly traded entity, expansion into solar energy, and strategic acquisitions to broaden its service offerings and geographic reach.
Core Business Areas
- New Jersey Natural Gas (NJNG): This is NJR's largest subsidiary, providing regulated natural gas service to approximately 560,000 customers in New Jersey. It focuses on safe, reliable, and affordable energy delivery, infrastructure upgrades, and customer service.
- Clean Energy: NJR operates a growing clean energy segment, primarily focused on developing, owning, and operating solar generation facilities. This segment includes both regulated (through NJNG) and unregulated distributed solar projects.
- Energy Services: This segment provides customized energy supply and risk management solutions to commercial and industrial customers. It offers services such as natural gas procurement, transportation, and storage.
- Storage and Transportation: NJR's storage and transportation segment manages natural gas storage assets and transportation services, enhancing the reliability and flexibility of its natural gas operations.
Leadership and Structure
NewJersey Resources Corporation operates under a corporate leadership structure with a Board of Directors overseeing the executive management team. Key executives include a Chief Executive Officer (CEO), Chief Financial Officer (CFO), and heads of its various subsidiaries. The company is organized into distinct operating segments, each with its own management and operational focus.
Top Products and Market Share
Key Offerings
- Natural Gas Distribution: NJNG is the primary provider of natural gas in its service territory. While market share is dictated by regulatory boundaries, it serves a significant portion of New Jersey's population and businesses. Competitors in the broader energy market include electric utilities and alternative energy providers. Competitors for natural gas supply are typically other local distribution companies where infrastructure overlaps.
- Solar Energy Development: NJR develops and owns solar farms, selling electricity generated through power purchase agreements (PPAs) or to the wholesale market. Market share in this rapidly growing sector is fragmented, with numerous national and regional developers. Key competitors include SunEdison (though now defunct), NextEra Energy, and other renewable energy developers.
- Energy Supply and Risk Management: This segment offers customized solutions for large energy consumers. Its market is B2B, with competitors including other energy marketers and brokers.
Market Dynamics
Industry Overview
NewJersey Resources Corporation operates within the regulated utility and competitive energy services sectors. The regulated utility sector is characterized by stable demand, capital-intensive infrastructure, and significant regulatory oversight. The clean energy sector is experiencing rapid growth driven by environmental concerns, government incentives, and technological advancements. The energy services sector is competitive and driven by market prices and customer demand for tailored solutions.
Positioning
NJR is a dominant regulated natural gas provider in its core New Jersey territory. Its strategic diversification into clean energy and energy services positions it to benefit from evolving energy trends. Its competitive advantages include its established infrastructure, regulatory expertise, and a growing portfolio of renewable assets.
Total Addressable Market (TAM)
The TAM for natural gas distribution in its service territory is largely defined by its regulated footprint. For clean energy, the TAM is global and growing, driven by decarbonization efforts. NJR's position within the natural gas TAM is strong due to its regulated status. In the clean energy TAM, NJR is a growing player focusing on specific geographic regions and project types.
Upturn SWOT Analysis
Strengths
- Strong regulatory relationships and expertise in New Jersey.
- Diversified business model with regulated and non-regulated segments.
- Growing clean energy portfolio.
- Established customer base and brand recognition in its service territory.
- Experienced management team.
Weaknesses
- Geographic concentration in New Jersey for its core utility business.
- Exposure to regulatory and political risks in New Jersey.
- Capital-intensive nature of utility operations requires ongoing investment.
- Competition in the clean energy and energy services markets.
Opportunities
- Expansion of renewable energy projects and services.
- Investments in grid modernization and energy efficiency programs.
- Potential for strategic acquisitions to expand geographic reach or service offerings.
- Leveraging of existing infrastructure for new energy technologies (e.g., hydrogen).
Threats
- Changes in energy policy and regulations at state and federal levels.
- Volatile commodity prices for natural gas.
- Increased competition from alternative energy sources.
- Extreme weather events impacting infrastructure and demand.
- Cybersecurity threats to energy infrastructure.
Competitors and Market Share
Key Competitors
- PSEG (Public Service Enterprise Group) (PEG)
- Eversource Energy (ES)
- National Grid plc (NGG)
Competitive Landscape
NJR's main advantage lies in its strong regional presence and deep understanding of the New Jersey regulatory environment for its core natural gas business. In the broader energy market, it faces competition from larger, more diversified utilities and national renewable energy developers. Its clean energy segment competes in a rapidly evolving and increasingly crowded market.
Growth Trajectory and Initiatives
Historical Growth: NJR has demonstrated steady historical growth, driven by investments in infrastructure upgrades, expansion of its regulated customer base, and strategic development of its clean energy assets. Revenue and earnings have generally trended upwards.
Future Projections: Analyst projections for NJR typically anticipate continued growth, supported by its regulated earnings base and expansion in renewable energy. Projections would focus on EPS growth and revenue forecasts.
Recent Initiatives: Recent initiatives include significant investments in renewable energy projects, modernization of its natural gas infrastructure to ensure reliability and safety, and exploring opportunities in emerging energy technologies. Acquisitions have also been a part of its growth strategy.
Summary
NewJersey Resources Corporation is a well-established energy utility with a strategic focus on diversification into clean energy. Its strengths lie in its regulated operations and growing renewable portfolio, providing a stable earnings base and growth potential. However, it faces threats from regulatory changes and competition. Continued investment in infrastructure and renewable projects, alongside prudent financial management, will be key to its sustained success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Investor Relations Website
- SEC Filings (10-K, 10-Q)
- Financial News and Data Providers (e.g., Bloomberg, Refinitiv)
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute financial advice. Market share data is estimated and may vary based on specific segment definitions. Historical performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About NewJersey Resources Corporation
Exchange NYSE | Headquaters Wall, NJ, United States | ||
IPO Launch date 1987-12-30 | President, CEO & Director Mr. Stephen D. Westhoven | ||
Sector Utilities | Industry Utilities - Regulated Gas | Full time employees 1376 | Website https://www.njresources.com |
Full time employees 1376 | Website https://www.njresources.com | ||
New Jersey Resources Corporation, an energy services holding company, distributes natural gas. 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 residential and commercial customers in 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 clean energy projects, including commercial and residential solar installation situated in New Jersey, Rhode Island, New York, Connecticut, Michigan, Indiana, and Pennsylvania. The Energy Services segment maintains and transacts natural gas transportation and storage capacity contracts, as well as provides physical wholesale energy, retail energy and energy management services. The Storage and Transportation segment invests in energy-related ventures. It provides home services and other operations, such as heating, ventilation, and cooling services; sales and installation of appliances; electrical and generator service and installations; and plumbing repair and installation services, as well as holds commercial real estate properties. The company also offers shared administrative and financial services; and natural gas storage and transmission assets services. New Jersey Resources Corporation was founded in 1922 and is headquartered in Wall, New Jersey.
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