Table of Contents Table of Contents 3 List of Tables 5 List of Figures 5 Section 1 - About the Company 6 New Jersey Resources Corp - Key Facts 6 New Jersey Resources Corp - Key Employees 7 New Jersey Resources Corp - Key Employee Biographies 9 New Jersey Resources Corp - Major Products and Services 10 New Jersey Resources Corp - History 11 New Jersey Resources Corp - Locations And Subsidiaries 12 Head Office 12 Other Locations & Subsidiaries 12 Section 2 – Company Analysis 14 Company Overview 14 New Jersey Resources Corp - Business Description 15 Business Segment: Clean Energy Ventures 15 Overview 15 Performance 15 Key Stats 15 Business Segment: Energy Services 15 Overview 15 Performance 15 Business Segment: Home Services and Other 15 Overview 15 Performance 16 Key Stats 16 Business Segment: Natural Gas Distribution 16 Overview 16 Performance 16 Key Stats 16 New Jersey Resources Corp - SWOT Analysis 17 SWOT Analysis - Overview 17 New Jersey Resources Corp - Strengths 17 New Jersey Resources Corp - Weaknesses 18 New Jersey Resources Corp - Opportunities 19 New Jersey Resources Corp - Threats 20 New Jersey Resources Corp - Key Competitors 21 Section 3 – Company Financial Ratios 22 Financial Ratios - Capital Market Ratios 22 Financial Ratios - Annual Ratios 23 Performance Chart 26 Financial Performance 26 Financial Ratios - Interim Ratios 27 Financial Ratios - Ratio Charts 28 Section 4 – Company’s Power, Oil & Gas Financial Deals and Alliances 29 New Jersey Resources Corp, Oil & Gas, Deals By Year, 2013 to YTD 2019 29 New Jersey Resources Corp, Oil & Gas, Deals By Type, 2013 to YTD 2019 30 New Jersey Resources Corp, Recent Deals Summary 31 Section 5 – Company’s Recent Developments 32 Dec 28, 2018: New Jersey Natural Gas to implement 3.7 percent increase 32 Nov 20, 2018: New Jersey Resources reports fourth-quarter and fiscal 2018 results 33 Sep 10, 2018: New Jersey Resources appoints Stephen Westhoven President and Chief Operating Officer 37 Aug 07, 2018: New Jersey Resources reports third-quarter fiscal 2018 results 38 Jul 19, 2018: New Jersey Natural Gas named 2018 most trusted utility brand 42 May 29, 2018: New Jersey Natural Gas Files To Decrease Rates For 2018-2019 Winter Heating Season 43 May 04, 2018: New Jersey Resources Reports Second-Quarter Fiscal 2018 Results 44 Mar 06, 2018: New Jersey Natural Gas Encourages Customers To Prepare For Winter Storm 48 Feb 08, 2018: New Jersey Resources Reports First Quarter Fiscal 2018 Results And Raises Earnings Guidance 49 Feb 05, 2018: New Jersey Resources Appoints Amy Cradic Vice President Of Government Affairs And Policy 53 Section 6 – Appendix 54 Methodology 54 Ratio Definitions 54 About 58 Contact Us 58 Disclaimer 59

List of Tables New Jersey Resources Corp, Key Facts 6 New Jersey Resources Corp, Key Employees 7 New Jersey Resources Corp, Key Employee Biographies 9 New Jersey Resources Corp, Major Products and Services 10 New Jersey Resources Corp, History 11 New Jersey Resources Corp, Subsidiaries 12 New Jersey Resources Corp, Key Competitors 21 New Jersey Resources Corp, Ratios based on current share price 22 New Jersey Resources Corp, Annual Ratios 23 New Jersey Resources Corp, Annual Ratios (Cont...1) 24 New Jersey Resources Corp, Annual Ratios (Cont...2) 25 New Jersey Resources Corp, Interim Ratios 27 New Jersey Resources Corp, Oil & Gas, Deals By Year, 2013 to YTD 2019 29 New Jersey Resources Corp, Oil & Gas, Deals By Type, 2013 to YTD 2019 30 New Jersey Resources Corp, Recent Deals Summary 31 Currency Codes 54 Units 54 Capital Market Ratios 54 Equity Ratios 55 Profitability Ratios 56 Cost Ratios 56 Liquidity Ratios 57 Leverage Ratios 57 Efficiency Ratios 57List of Figures New Jersey Resources Corp, Performance Chart (2014 - 2018) 26 New Jersey Resources Corp, Ratio Charts 28 New Jersey Resources Corp, Oil & Gas, Deals By Year, 2013 to YTD 2019 29 New Jersey Resources Corp, Oil & Gas, Deals by Type, 2013 to YTD 2019 30

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