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NewJersey Resources Corporation (NJR)



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Upturn Advisory Summary
10/13/2025: NJR (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $53.43
1 Year Target Price $53.43
3 | Strong Buy |
1 | Buy |
4 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -13.28% | Avg. Invested days 46 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.59B USD | Price to earnings Ratio 11.01 | 1Y Target Price 53.43 |
Price to earnings Ratio 11.01 | 1Y Target Price 53.43 | ||
Volume (30-day avg) 8 | Beta 0.66 | 52 Weeks Range 43.07 - 49.96 | Updated Date 10/13/2025 |
52 Weeks Range 43.07 - 49.96 | Updated Date 10/13/2025 | ||
Dividends yield (FY) 3.94% | Basic EPS (TTM) 4.1 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 19.64% | Operating Margin (TTM) -7.47% |
Management Effectiveness
Return on Assets (TTM) 4.97% | Return on Equity (TTM) 18.03% |
Valuation
Trailing PE 11.01 | Forward PE 14.99 | Enterprise Value 8280840000 | Price to Sales(TTM) 2.19 |
Enterprise Value 8280840000 | Price to Sales(TTM) 2.19 | ||
Enterprise Value to Revenue 3.95 | Enterprise Value to EBITDA 9.74 | Shares Outstanding 100400000 | Shares Floating 95788218 |
Shares Outstanding 100400000 | Shares Floating 95788218 | ||
Percent Insiders 0.46 | Percent Institutions 78.21 |
Upturn AI SWOT
NewJersey Resources Corporation

Company Overview
History and Background
NewJersey Resources Corporation (NJR) was founded in 1952. It started as a natural gas distribution company and has evolved into a diversified energy company with operations in natural gas, clean energy ventures, and energy services.
Core Business Areas
- NJR Gas: Regulated natural gas distribution serving over half a million customers in central and northern New Jersey.
- NJR Clean Energy Ventures: Invests in and operates solar and wind energy projects.
- NJR Energy Services: Provides wholesale energy solutions, including natural gas and electricity supply, risk management, and energy consulting services.
- NJR Storage & Transportation: Operates natural gas storage facilities.
Leadership and Structure
The leadership team is headed by the CEO. The organizational structure is typical of a publicly traded company, with various departments and divisions reporting to the CEO and executive team.
Top Products and Market Share
Key Offerings
- Natural Gas Distribution: Delivery of natural gas to residential and commercial customers in New Jersey. Market share is significant within its service territory, but overall market share compared to national gas distributors is smaller. Competitors within the region include South Jersey Gas and Elizabethtown Gas.
- Clean Energy Ventures: Owns and operates solar and wind projects. Market share is growing but is still relatively small compared to major renewable energy developers. Competitors include NextEra Energy Resources and Invenergy.
Market Dynamics
Industry Overview
The energy industry is undergoing a transition towards cleaner energy sources, with increasing focus on renewable energy and energy efficiency. Natural gas remains an important fuel source for power generation and heating.
Positioning
NJR is positioned as a diversified energy company, balancing its regulated natural gas distribution business with investments in clean energy. Its competitive advantage lies in its established infrastructure and customer base in New Jersey.
Total Addressable Market (TAM)
The TAM for natural gas distribution and renewable energy is substantial, encompassing residential, commercial, and industrial customers. NJR is positioned to capture a share of this market through its existing operations and expansion into clean energy.
Upturn SWOT Analysis
Strengths
- Established regulated natural gas distribution business
- Diversification into clean energy ventures
- Strong customer base in New Jersey
- Experienced management team
Weaknesses
- Dependence on regulatory approvals
- Exposure to commodity price fluctuations
- Limited geographic diversification compared to larger peers
Opportunities
- Expansion of renewable energy portfolio
- Growth in demand for natural gas
- Investments in energy efficiency programs
- Acquisitions of other energy companies
Threats
- Increasing competition from other energy sources
- Changes in environmental regulations
- Economic downturns
- Interest rate hikes
Competitors and Market Share
Key Competitors
- UGI Corporation (UGI)
- Chesapeake Utilities Corporation (CPK)
- South Jersey Industries (SJI)
Competitive Landscape
NJR competes with other energy companies in its service territory and in the clean energy market. Its competitive advantages include its established infrastructure and customer base, and diversification into clean energy.
Growth Trajectory and Initiatives
Historical Growth: Growth has been driven by customer growth in its natural gas distribution business and expansion of its clean energy ventures.
Future Projections: Analyst estimates project moderate growth in earnings per share driven by regulated rate increases and clean energy investments.
Recent Initiatives: Recent strategic initiatives include investments in renewable energy projects and infrastructure upgrades to its natural gas distribution system.
Summary
NewJersey Resources Corporation presents as a stable, diversified energy company, balancing a reliable natural gas distribution business with growing investments in renewable energy. Its regulated utility provides a consistent revenue stream, while clean energy ventures offer long-term growth potential. Risks include regulatory dependence and commodity price volatility. Expansion opportunities in renewable energy can continue to drive growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (10-K, 10-Q)
- Analyst Reports
- Company Website
- Investor Presentations
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual research and consultation with a qualified financial advisor.
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 1372 | Website https://www.njresources.com |
Full time employees 1372 | 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, and Indiana. The Energy Services segment maintains and operates 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 heating, ventilation, and cooling services; sales and installation of appliances; solar equipment installation, and plumbing repair and installation services, as well as holds commercial real estate properties. The company was founded in 1922 and is headquartered in Wall, New Jersey.

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