New Jersey Resources Corp

Capital Expenditures and Cash Flows: During the first six months of fiscal 2026 , capital expenditures were $353.9 million , including accruals, compared with $287.1 million during the same period in fiscal 2025 .

SEC original ↗New Jersey Resources Corp — Earnings release (8-K exhibit)EX-99May 4, 2026

The increase in capital expenditures was primarily due to higher expenditures at NJNG and CEV.

SEC original ↗New Jersey Resources Corp — Earnings release (8-K exhibit)EX-99May 4, 2026

NJR expects to deploy between $ 4.8 billion and $ 5.2 billion in capital expenditures through 2030, with utility spending at NJNG representing over 60% of the investment, all planned CEV capital expenditures safe-harbored to preserve tax credit eligibility, and strategic growth opportunities at S&T supporting long-term value creation.

SEC original ↗New Jersey Resources Corp — Earnings release (8-K exhibit)EX-99May 4, 2026

Forward-looking statements in this earnings release include, but are not limited to, statements regarding NJR s NFEPS guidance for fiscal 2026, projected NFEPS growth rates and our guidance range, forecasted contributions of business segments to NJR s NFE for fiscal 2026, our capital plan through 2030, including our capital expenditure projections through 2030, infrastructure programs and investments, future decarbonization opportunities including IIP, Energy Efficiency programs; and other legal and regulatory expectations, and statements that include other projections, predictions, expectations or beliefs about future events or results or otherwise are not statements of historical fact.

SEC original ↗New Jersey Resources Corp — Earnings release (8-K exhibit)EX-99May 4, 2026

Non-GAAP Measures This presentation includes the non-GAAP financial measures NFE/net financial loss, NFE per basic share, financial margin, utility gross margin, adjusted funds from operations, adjusted debt, and adjusted EBITDA.

SEC original ↗New Jersey Resources Corp — Presentation / slide deck (8-K exhibit)EX-99May 4, 2026

Adjusted debt is total long-term and short-term debt, net of cash and cash equivalents, excluding solar asset financing obligations but including solar contractually committed payments for sale lease-backs, debt issuance costs, and other Fitch credit metric adjustments.

SEC original ↗New Jersey Resources Corp — Presentation / slide deck (8-K exhibit)EX-99May 4, 2026

NJR expects to deploy between $ 4.8 billion and $ 5.2 billion in capital expenditures through 2030, with utility spending at NJNG representing over 60% of the investment, all planned CEV capital expenditures safe-harbored to preserve tax credit eligibility, and strategic growth opportunities at S&T supporting long-term value creation.

SEC original ↗New Jersey Resources Corp — Earnings release (8-K exhibit)EX-99May 4, 2026

NJR and its over 1,300 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve and initiatives such as SAVEGREEN .

SEC original ↗New Jersey Resources Corp — Earnings release (8-K exhibit)EX-99May 4, 2026

Fiscal 2026 NFEPS Guidance and Expected NFE Contributions by Segment NJR is raising its fiscal 2026 NFEPS guidance range by $0.20 to a range of $3.48 to $3.63 , subject to the risks and uncertainties identified below under "Forward-Looking Statements.

SEC original ↗New Jersey Resources Corp — Earnings release (8-K exhibit)EX-99May 4, 2026

Information included in this earnings release is representative as of today only and while NJR periodically reassesses material trends and uncertainties affecting NJR's results of operations and financial condition in connection with its preparation of management's discussion and analysis of results of operations and financial condition contained in its Quarterly and Annual Reports filed with the SEC, NJR does not, by including this statement, assume any obligation to review or revise any particular forward-looking statement referenced herein in light of new information, future events or otherwise, except as required by law.

SEC original ↗New Jersey Resources Corp — Earnings release (8-K exhibit)EX-99May 4, 2026

Information included in this presentation is representative as of today only and while NJR periodically reassesses material trends and uncertainties affecting NJR's results of operations and financial condition in connection with its preparation of management's discussion and analysis of results of operations and financial condition contained in its Quarterly and Annual Reports filed with the SEC, NJR does not, by including this statement, assume any obligation to review or revise any particular forward-looking statement referenced herein in light of new information future events or otherwise, except as required by law.

SEC original ↗New Jersey Resources Corp — Presentation / slide deck (8-K exhibit)EX-99May 4, 2026

Legal Proceedings 63 ITEM 1A.

SEC original ↗New Jersey Resources Corp — 10-Q Quarterly report10-QAug 4, 2026

Legal Proceedings and in the notes to the financial statements are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Exchange Act and the Private Securities Litigation Reform Act of 1995.

SEC original ↗New Jersey Resources Corp — 10-Q Quarterly report10-QAug 4, 2026

While we periodically reassess material trends and uncertainties affecting our results of operations and financial condition in connection with the preparation of management's discussion and analysis of results of operations and financial condition contained in our Quarterly and Annual Reports on Form 10-Q and Form 10-K, respectively, we do not, by including this statement, assume any obligation to review or revise any particular forward-looking statement referenced herein in light of future events, new information or otherwise, except as required by applicable laws.

SEC original ↗New Jersey Resources Corp — 10-Q Quarterly report10-QAug 4, 2026