New Jersey Resources (NJR) 8-K Results of Operations and Financial Condition

Exhibit 99.2

 Third Quarter 2022 Financial Results  August 4, 2022 

 Forward-Looking Statements and Non-GAAP Measures   1  Forward-Looking Statements  This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. NJR cautions readers that the assumptions forming the basis for forward-looking statements include many factors that are beyond NJR’s ability to control or estimate precisely, such as estimates of future market conditions and the behavior of other market participants. Words such as “anticipates,” “estimates,” “expects,” “projects,” “may,” “will,” “intends,” “plans,” “believes,” “should” and similar expressions may identify forward-looking statements and such forward-looking statements are made based upon management’s current expectations, assumptions and beliefs as of this date concerning future developments and their potential effect upon NJR. There can be no assurance that future developments will be in accordance with management’s expectations, assumptions and beliefs or that the effect of future developments on NJR will be those anticipated by management. Forward-looking statements in this earnings release include, but are not limited to, certain statements regarding NJR’s NFEPS guidance for fiscal 2022, long term annual growth projections, projections of dividend and financing activities, forecasted contribution of business segments to NJR’s NFE for fiscal 2022, customer growth at NJNG, future NJR and NJNG capital expenditures, potential CEV capital projects, CEV revenue projections, infrastructure programs and investments future decarbonization opportunities, Asset Management Agreements, the ability to complete the Adelphia Gateway Pipeline project, and other legal and regulatory expectations.  Additional information and factors that could cause actual results to differ materially from NJR’s expectations are contained in NJR’s filings with the SEC, including NJR’s Annual Reports on Form 10-K and subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other SEC filings, which are available at the SEC’s web site, http://www.sec.gov. 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 future events.  Non-GAAP Measures  This presentation includes the non-GAAP financial measures NFE/net financial loss, NFE per basic share, financial margin and utility gross margin. A reconciliation of these non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP can be found below. As an indicator of NJR’s operating performance, these measures should not be considered an alternative to, or more meaningful than, net income or operating revenues as determined in accordance with GAAP. This information has been provided pursuant to the requirements of SEC Regulation G.  NFE and financial margin exclude unrealized gains or losses on derivative instruments related to NJR’s unregulated subsidiaries and certain realized gains and losses on derivative instruments related to natural gas that has been placed into storage at Energy Services and certain transactions related to NJR's investments in the PennEast Project, net of applicable tax adjustments as described below. Financial margin also differs from gross margin as defined on a GAAP basis as it excludes certain operations and maintenance expense and depreciation and amortization as well as the effects of derivatives as discussed above. Volatility associated with the change in value of these financial instruments and physical commodity reported on the income statement in the current period. In order to manage its business, NJR views its results without the impacts of the unrealized gains and losses, and certain realized gains and losses, caused by changes in value of these financial instruments and physical commodity contracts prior to the completion of the planned transaction because it shows changes in value currently instead of when the planned transaction ultimately is settled. An annual estimated effective tax rate is calculated for NFE purposes and any necessary quarterly tax adjustment is applied to NJR Energy Services Company.  NJNG’s utility gross margin is defined as operating revenues less natural gas purchases, sales tax, and regulatory rider expense. This measure differs from gross margin as presented on a GAAP basis as it excludes certain operations and maintenance expense and depreciation and amortization. Utility gross margin may also not be comparable to the definition of gross margin used by others in the natural gas distribution business and other industries. Management believes that utility gross margin provides a meaningful basis for evaluating utility operations since natural gas costs, sales tax and regulatory rider expenses are included in operating revenues and passed through to customers and, therefore, have no effect on utility gross margin.  Management uses NFE/net financial loss, utility gross margin and financial margin, as supplemental measures to other GAAP results to provide a more complete understanding of the Company’s performance. Management believes these non- GAAP measures are more reflective of the Company’s business model, provide transparency to investors and enable period-to-period comparability of financial performance. In providing NFE guidance, management is aware that there could be differences between reported GAAP earnings and NFE/net financial loss due to matters such as, but not limited to, the positions of our energy-related derivatives. Management is not able to reasonably estimate the aggregate impact or significance of these items on reported earnings and therefore is not able to provide a reconciliation to the corresponding GAAP equivalent for its operating earnings guidance without unreasonable efforts. NFE/net financial loss, utility gross margin and financial margin are discussed more fully in Item 7 of our Report on Form 10-K, NJR’s Form 10-Q filed on August 4, 2022 and, we have provided presentations of the most directly comparable GAAP financial measure and a reconciliation of our non-GAAP financial measure, NFE/net financial loss, to the most directly comparable GAAP financial measure, in the appendix to this presentation. This information has been provided pursuant to the requirements of SEC Regulation G. 

 1  Third-Quarter FY 2022 Highlights  Steve Westhoven | President & CEO  2  Financial Highlights  Roberto Bel | SVP and CFO  3  Q&A Session  2  Agenda 

 3  Third Quarter 2022 Highlights  Quarterly Review  * A reconciliation from NFE to net income can be found in the Appendix on slide 17.  Q3 Fiscal 2022 Financial Results and Updated Guidance  NJR reported EPS of $0.14 and net financial loss per share of $(0.04)* for Q3 Fiscal 2022 Increases FY 2022 NFEPS guidance range to $2.40 - $2.50 from $2.30 - $2.40  New Jersey Natural Gas  Added 1,695 customers during the quarter  Clean Energy Ventures  Over 675MW pipeline of projects under construction, contract or exclusivity through fiscal 2027  Storage and Transportation  Adelphia Gateway on track to be completed by end of calendar year  Energy Services  Asset Management Agreement drives $7.5 million of NFE improvement from the prior year 

 4  Utility  Non-Utility  Increasing Fiscal 2022 NFEPS Guidance by $0.10  $1.45  $1.74  $2.16  $2.40 - $2.50  FY2019A  FY2020A  FY2021A  FY 2022E  * NFEPS long-term annual growth projections are based on the original $2.20 - $2.30 guidance range for fiscal 2022, which excludes the effects of Energy Services’ over-performance  7-9%  LONG-TERM ANNUAL GROWTH*  New Jersey Natural Gas  59% - 61%  Energy Services 15% - 20%  CEV 16% - 18%  S&T 6% - 8%  Home Services  0%-1%  Driven by a Combination of Strong Performance at New Jersey Natural Gas, Greater than Anticipated Financial Margin at Energy Services, and Increased Wholesale Electricity Revenue at Clean Energy Ventures  Net Financial Earnings per Share Fiscal 2022 NFEPS Guidance by Segment 

 5  New Customer  $35  SAVEGREEN  $36  IIP  $24  Cost of Removal/Other  $34**  IT  $29  New Jersey Natural Gas  Solid Performance Due to Higher Base Rates and Incremental Off-systems Sales  ~$231M  Total change in PP&E (cash spent, capex accrued and AFUDC). Includes SAVEGREEN investments, which for GAAP purposes are included as part of cash flows from operations  ** Facilities and RNG & P2G included in “Other” (detailed on Slide 12)  Fiscal YTD Capital Expenditures*  ~41% of capital expenditures earning a near real-time return  Maintenance  $73  540  530  520  510  500  2017 2018 2019 2020 2021  Through Q3 FY2022  NJNG Customers  (in thousands)  570  560  550  568.6  Added 5,274 new customers YTD in fiscal 2022  Regulatory Updates  Submitted annual Basic Gas Supply Service (BGSS) filing to the New Jersey Board of Public Utilities (BPU) seeking to adjust its periodic BGSS rates for residential and small commercial customers primarily to reflect a significant rise in wholesale market prices for natural gas 

  6  380  67  0  200  400  600  800  1000  In Service  FY2022 - FY2024E  In Service  Under Construction  Under Contract or Exclusivity  FY2025E-FY2026E FY2027E -  CEV: Robust and Diversified Pipeline in Solar  Taking Advantage of a Considerable Decarbonization Opportunity  MWs  1200  Total  1.1 GW*  Recent Developments  New Jersey market awaiting finalization of Solar Successor Program (Straw Proposal being evaluated), TREC final project approvals, and the dual use incentive structure to develop solar on farmlands  On June 14, 2022, PJM filed new tariff modifications with FERC to reform the interconnection study process and address the backlog of projects in the queue.  In NJ 364MW  * Total of installed capacity of 372MW plus a pipeline of 680MW including projects under construction, contract, or exclusivity  Break down of ~608MW Pipeline Under Contract or Exclusivity  By Location  Outside NJ 244MW  608MW 

 CEV: New Project – Holland Township, NJ  This solar project was built on an existing Superfund site that required environmental cleanup, including the removal of fuel tanks, hazardous materials and more than 10,000 cubic yards of contaminated soil.  7  ~8MW In Service in July 2022  Located in Hunterdon County (central NJ near the Pennsylvania border) 

 Project Updates  Construction completed at Marcus Hook (lower Chichester Township, PA), and Quakertown, PA compressor stations  Nearly fully contracted  Expect completion by end of the calendar year  Project Overview  North zone: operational at acquisition – 600,000 Dth/d  South zone: oil conversion and expansion; adding compression, laterals and interconnects – 250,000 Dth/d  S&T: Adelphia Gateway Near Completion  Conversion and Expansion Project  Martin’s Creek Booster  Compression  Texas Eastern  Sherry Lane Lateral  UGI Easton Road Interconnect  In-service  Construction Complete  Since 5/5/2022  Construction Ongoing  Quakertown Compressor Station  TETCO Quakertown Interconnect  South Mainline  (oil to natural gas conversion)  Tilghman Lateral and PECO Interconnect  Parkway Lateral & Columbia Interconnect  Marcus Hook Compressor Station  Transco Meter Station  North Mainline  8 

 Financial Review  9  Roberto Bel  SVP & Chief Financial Officer 

 NJR Review of Fiscal 3Q22 NFE Changes  * A reconciliation of these non-GAAP measures can be found in the  Appendix  ($ in Millions)  Fiscal 3Q21 – Consolidated NFE ($ in millions)  $ (14.1)  NJNG  $ 1.1  Utility Gross Margin*  $ 10.7  O&M  $ 0.1  Depreciation & Amortization (D&A)  $ (4.1)  Interest expense, AFUDC, Income Tax  $ (5.6)  Clean Energy Ventures  $ (0.2)  Revenue  $ 0.4  O&M  $ (0.2)  D&A, Interest Expense and Other  $ (0.4)  Storage & Transportation  $ 1.1  Operating Income  $ 2.1  Equity in Earnings of Affiliates  $ (2.1)  Other  $ 1.1  Energy Services  $ 7.5  Financial Margin*  $ 11.2  Interest Expense, Income Tax and Other  $ (3.7)  Home Services and Other  $ 1.0  Revenues  $ 0.9  Other  $ 0.1  Fiscal 3Q22 – Consolidated NFE ($ in millions)  $ (3.6)  10 

 11  114  380  399  283  353 46  21  3  EY 2026  EY 2025  EY 2024  EY 2023  Thousands  Hedged  Unhedged  NJR CEV – SREC Hedging Strategy Stabilizes Revenue  Based on Energy Year, as of July 11, 2022  Percent Hedged  Average Price  Current Price (EY)  99%  $203  $227  Percent Hedged  Average Price  Current Price (EY)  95%  $197  $215  Percent Hedged  Average Price  Current Price (EY)  89%  $190  $196  Percent Hedged  Average Price  Current Price (EY)  29%  $173  $180  Note: Energy Years run from June 1 of the prior year to May 31 of the respective year; for example, Energy Year 2023 begins on June 1, 2022, and ends on May 31, 2023 

 12  1Q FY2022A  2Q FY2022A  3Q FY2022A  YTD FY2022A  FY2021A  FY2022E  FY2023E  Near Real Time Return?  New Jersey Natural Gas  New Customer  $12  $11  $12  $35  $65  $52  -  $56  $54  -  $58  Yes  Maintenance & Integrity  $27  $16  $30  $73  $252  $125  -  $140  $114  -  $118  Cost of Removal / Other  $9  $18  $4  $31  $66  $34  -  $38  $36  -  $40  Facilities  $1  $2  $—  $3  $63  $8  -  $10  $26  -  $30  IT  $4  $9  $16  $29  $9  $42  -  $52  $60  -  $64  IIP  $6  $4  $13  $23  $9  $24  -  $28  $32  -  $36  Yes  RNG & P2G  $1  $—  $—  $1  $5  $1  -  $1  $35  -  $39  SAVEGREEN  $13  $11  $12  $36  $31  $48  -  $52  $48  -  $52  Yes  $73  $71  $87  $231  $499  $334  -  $377  $405  -  $437  Clean Energy Ventures  Sunlight Advantage  $2  $4  $4  $10  $11  $14  -  $17  $14  -  $18  Commercial Solar  $30  $32  $28  $90  $78  $125  -  $140  $110  -  $250  $32  $36  $32  $100  $89  $139  -  $157  $124  -  $268  Storage and Transportation  Adelphia Gateway  $51  $38  $22  $111  $113  $115  -  $130  $5  -  $10  Leaf River  $6  $4  $3  $13  $11  $7  -  $11  $3  -  $7  $57  $42  $25  $125  $124  $122  -  $141  $8  -  $17  Total  $162  $149  $144  $455  $712  $595  -  $675  $537  -  $722  NJR Capital Plan1  ($ in Millions)  1Total change in PP&E (cash spent, capex accrued and AFUDC). For GAAP purposes, SAVEGREEN investments are included as part of cash flows from operations 

 13  NJR Projected Cash Flows  ($ in Millions)  1- Excludes accrual for AFUDC and SAVEGREEN investments (for GAAP purposes, SAVEGREEN investments are included in Cash Flow from Operations) 2- Dividend growth for fiscal 2023 are based upon the midpoint of forecasted 7-9% growth rate  FY2021A  FY2022E  FY2023E  Cash Flow from Operations  $391  $225  -  $245  $410  -  $430  Uses of Funds  Capital Expenditures1  $625  $534  -  $610  $481  -  $658  Dividends2  $117  $127  -  $132  $135  -  $140  Total Uses of Funds  $742  $661  -  $742  $616  -  $798  Financing Activities  Common Stock Proceeds – DRIP  $15  $14  -  $16  -  -  Debt Proceeds/Other  $336  $422  -  $481  $206  -  $368  Total Financing Activities  $351  $436  -  $497  $206  -  $368 

 Attractive Total Shareholder Return  10% - 12%   14  1Based on dividend per share of $1.45 and closing share price of $45.71 on August 2, 2022  Growing Dividend  Annualized dividend yield  of 3.2%1  Expect future dividend growth to be 7% to 9%  (in line with long-term NFEPS expectations)  The Clean Energy Future Starts at NJR  Net Zero by 2050 goal for  New Jersey operations  First utility on the East Coast to blend green hydrogen into its fuel stream  Largest solar pipeline in  Company history  Solid Long Term Growth Outlook  Expect 7% - 9%  NFEPS Growth  Diversified energy infrastructure company with complementary businesses that provide a strong profile for growth  Value Proposition for Stakeholders  

 Appendix  15  Slide  16  Third Quarter Fiscal 2022 NFE by Business Unit  17  Reconciliation of NFE and NFEPS to Net Income  18  Other Reconciliation of Non-GAAP Measures  19  Review of Fiscal YTD NFE Changes  20  Energy Services: AMAs De-Risks Business and Drives Value  21  NJR CEV – SREC Hedging by Fiscal Year  22  Shareholder and Contact Information 

 Third Quarter Fiscal 2022 NFE by Business Unit  16  ($ in 000s)  Three Months Ended June 30,  Nine Months Ended June 30,  2022  2021  Change  2022  2021  Change  New Jersey Natural Gas  $2,648  $1,581  $1,067  $156,511  $131,589  $24,922  Clean Energy Ventures  $(5,098)  $(4,926)  $(172)  $(18,410)  $(24,072)  $5,662  Storage and Transportation  $3,526  $2,387  $1,139  $11,113  $10,606  $507  Energy Services  $(5,003)  $(12,527)  $7,524  $42,504  $85,501  $(42,997)  Home Services and Other  $376  $(663)  $1,039  $707  $(2,511)  $3,218  Total  $(3,551)  $(14,148)  $10,597  $192,425  $201,113  $(8,688)  NFEPS  $(0.04)  $(0.15)  $0.11  $2.00  $2.09  $(0.09) 

 Reconciliation of NFE and NFEPS to Net Income  ($ in 000s) (Unaudited)  Three Months Ended June 30,  Nine Months Ended June 30,  2022  2021  2022  2021  NEW JERSEY RESOURCES  NFE is a measure of earnings based on the A reconciliation of net income, the closest GAAP financial measure, to net financial earnings is as follows:  elimination of timing differences to effectively  match the earnings effects of the economic Net income (loss)  $ 13,053  $ (111,831)  $ 220,400  $ 119,023  hedges with the physical sale of natural gas, Solar Add:  Renewable Energy Certificates (SRECs) and Unrealized (gain) loss on derivative instruments and related transactions  (17,891)  21,862  (58,060)  13,627  foreign currency contracts. Consequently, to Tax effect  4,253  (5,198)  13,809  (3,240)  reconcile net income and NFE, current-period Effects of economic hedging related to natural gas inventory  unrealized gains and losses on the derivatives are  428  2,486  25,160  (12,255)  excluded from NFE as a reconciling item. Tax effect  (102)  (591)  (5,979)  2,912  Realized derivative gains and losses are also (Gain on) impairment of equity method investment  (4,021)  92,000  (4,021)  92,000  included in current-period net income. However, Tax effect  1,003  (11,934)  1,003  (11,934)  NFE includes only realized gains and losses NFE tax adjustment   (274)   (942)   113    980   related to natural gas sold out of inventory, Net financial (loss) earnings  $ (3,551)  $ (14,148)  $ 192,425  $ 201,113  effectively matching the full earnings effects of the  derivatives with realized margins on physical Weighted Average Shares Outstanding  natural gas flows. NFE also excludes certain  transactions associated with equity method Basic  96,154  96,348  96,055  96,237  investments, including impairment charges, which Diluted   96,620   96,348   96,527    96,629   are non-cash charges, and return of capital in  excess of the carrying value of our investment. A reconciliation of basic earnings per share, the closest GAAP financial measure, to basic net financial earnings per share is as  These are not indicative of the Company's follows:  performance for its ongoing operations. Included Basic earnings (loss) per share  in the tax effects are current and deferred income  $ 0.14  $ (1.16)  $ 2.29  $ 1.24  tax expense corresponding with the components Add:  of NFE. Unrealized (gain) loss on derivative instruments and related transactions  $ (0.19)  $ 0.22  $ (0.60)  $ 0.14  Tax effect  $ 0.04  $ (0.05)  $ 0.14  $ (0.03)  NFE eliminates the impact of volatility to GAAP Effects of economic hedging related to natural gas inventory  $ —  $ 0.03  $ 0.26  $ (0.13)  earnings associated with unrealized gains and Tax effect  $ —  $ (0.01)  $ (0.06)  $ 0.03  losses on derivative instruments in the current Impairment of equity method investment  $ (0.04)  $ 0.95  $ (0.04)  $ 0.95  period Tax effect  $ 0.01  $ (0.12)  $ 0.01  $ (0.12)  NFE tax adjustment   $ —   $ (0.01)   $ —   $ 0.01   Basic NFE per share  $ (0.04)  $ (0.15)  $ 2.00  $ 2.09 17    

 Other Reconciliation of Non-GAAP Measures  ($ in 000s)  (Unaudited)  Three Months Ended  Nine Months Ended  June 30,  June 30,  2022  2021  2022  2021  NJNG Utility Gross Margin  A reconciliation of gross margin, the closest GAAP financial measurement, to utility gross margin is as follows:  NJNG's utility gross margin is  Operating revenues  $ 199,695  $ 127,626  $ 938,279  $ 633,522  defined as operating revenues less  Less:  natural gas purchases, sales tax,  Natural gas purchases  102,624  44,111  442,441  221,872  and regulatory rider expenses.  Operating and maintenance (1)  25,034  29,437  64,924  80,544  This measure differs from gross  Regulatory rider expense  8,360  5,456  55,941  34,570  margin as presented on a GAAP  Depreciation and amortization  23,951  19,894  70,188  58,538  basis as it excludes certain  Gross margin  39,726  28,728  304,785  237,998  operations and maintenance  Add:  expense and depreciation and  Operating and maintenance (1)  25,034  29,437  64,924  80,544  amortization.  Depreciation and amortization  23,951  19,894  70,188  58,538  Utility gross margin  $ 88,711  $ 78,059  $ 439,897  $ 377,080  Energy Services Financial Margin  Financial margin removes the  A reconciliation of gross margin, the closest GAAP financial measurement, to financial margin is as follows:  timing differences associated with  Operating revenues  $ 307,815  $ 201,594  $ 1,089,704  $ 893,640  certain derivative and hedging  Less:  transactions. Financial margin  Natural Gas purchases  290,767  237,011  980,600  741,128  differs from gross margin as  Operating and maintenance (1)  5,617  3,663  12,864  28,271  defined on a GAAP basis as it  Depreciation and amortization  34  28  94  83  excludes certain operations and  Gross margin  11,397  (39,108)  96,146  124,158  maintenance expense and  Add:  depreciation and amortization  Operating and maintenance (1)  5,617  3,663  12,864  28,271  expenses as well as the effects of  Depreciation and amortization  34  28  94  83  derivatives instruments on  Unrealized (gain) loss on derivative instruments and related transactions  (16,470)  22,784  (61,671)  13,351  earnings.  Effects of economic hedging related to natural gas inventory  428  2,486  25,160  (12,255)  Financial margin  $ 1,006  $ (10,147)  $ 72,593  $ 153,608  (1) Excludes selling, general and administrative expenses  18 

 Review of Fiscal 2022 YTD NFE Changes  * A reconciliation of these non-GAAP measures can be found in the Appendix  ($ in Millions)  Fiscal 2021 YTD – Consolidated NFE ($ in millions)  $ 201.1  NJNG  $ 24.9  Utility Gross Margin*  $ 62.8  O&M  $ 7.3  Depreciation & Amortization (D&A)  $ (11.7)  Interest expense, AFUDC, Income Tax  $ (33.5)  Clean Energy Ventures  $ 5.7  Revenue  $ 9.6  O&M  $ (0.9)  D&A, Interest Expense and Other  $ (3.0)  Storage & Transportation  $ 0.5  Operating Income  $ (0.8)  Equity in Earnings of Affiliates  $ (6.4)  Other  $ 7.7  Energy Services  $ (43.0)  Financial Margin*  $ (81.0)  Interest Expense, Income Tax and Other  $ 38.0  Home Services and Other  $ 3.2  Revenues  $ 2.7  Other  $ 0.5  Fiscal 2022 YTD – Consolidated NFE ($ in millions)  $ 192.4  19 

 Energy Services: AMAs De-Risks Business and Drives Value  AMAs feature initial and permanent capacity releases with cash payments throughout, with ASC 606 revenue recognition standard requiring that revenue be allocated to both the initial and permanent releases. As a result, disproportionate value is allocated to the permanent release periods in FY 2024 and FY 2032.  Revenue  Recognition  *  Cash  Fiscal Years 2022 – 2024  $239  $261  Fiscal Years 2025 – 2031  $138  $240  Fiscal Year 2032  $124  $0  $262  $240  Total  $501  $501  ($ in Millions)  Overview  10-Year Asset Management Agreements (AMAs) with Investment Grade Utility  Entered into AMAs to release certain natural gas transportation contracts of Energy Services for aggregate cash proceeds of approximately $500 million payable over 10 years (~$260 million through FY2024; $240 million after FY2024)  Counterparty will provide certain asset management services and Energy  Services may deliver natural gas to the investment grade utility  First payment of $86.8 million received by Energy Services on October 29, 2021  De-  Risking  De-risks Energy Services business by securing 10 years of contracted cash payments with minimal counterparty credit risk. The counterparty is rated BBB+/Stable by S&P.  There is NO price or volumetric risk involved in the transaction, and no other  potential variability in the cash flow except in case of default  If the counterparty defaults for any reason before capacity has been permanently released, assets revert back to Energy Services  Financial Impacts  Cash proceeds provide flexibility to reinvest in core businesses, reduce future debt issuances and support shareholder distributions  Strengthen balance sheet and credit metrics  Revenue Recognition*  Revenue recognition for FY2022 is expected to be $53.1 million, of which $22.1 million was recognized in fiscal Q1 2022, $10.3M recognized in fiscal Q2 2022, and $10.3M recognized in fiscal Q3 2022  NJR received this year’s cash payment of  $86.8 million in fiscal Q1 2022  20 

 114  263  365  395  465  145  135  36  7  FY 2026  FY 2025  FY 2024  FY 2023  FY 2022  Thousands  Hedged  Unhedged  21  NJR CEV – SREC Hedging by Fiscal Year  As of July 11, 2022  Percent Hedged  Average Price  Current Price (FY)  100%  $203  $235  Percent Hedged  Average Price  Current Price (FY)  98%  $201  $223  Percent Hedged  Average Price  Current Price (FY)  91%  $193  $208  Percent Hedged  Average Price  Current Price (FY)  66%  $190  $191  Percent Hedged  Average Price  Current Price (EY)  44%  $173  $174 

 Shareholder and Contact Information   1415 Wyckoff Road  Wall, NJ 07719  (732) 938-1000  www.njresources.com  Corporate Headquarters  Contact Information  The Transfer Agent and Registrar for the company’s common stock is Broadridge Corporate Issuer Solutions, Inc. (Broadridge).  Shareowners with questions about account activity should contact Broadridge investor relations representatives between 9 a.m. and 6 p.m. ET, Monday through Friday, by calling toll-free 800-817-3955.  General written inquiries and address changes may be sent to:  Broadridge Corporate Issuer Solutions  P.O. Box 1342, Brentwood, NY 11717  or  For certified and overnight delivery:  Broadridge Corporate Issuer Solutions, ATTN: IWS 1155 Long Island Avenue, Edgewood, NY 11717  Shareowners can view their account information online at shareholder.broadridge.com/NJR.  Stock Transfer Agent and Registrar  Adam Prior – Director, Investor Relations  732-938-1145  aprior@njresources.com  Dennis Puma – Director, Investor Relations  732-938-1229  dpuma@njresources.com  Last Four Dividends Paid (Quarterly Frequency)  Ex-Dividend Date  Record Date  Payable Date  Amount per share  6/14/2022  6/15/2022  7/1/2022  $0.3625  3/15/2022  3/16/2022  4/1/2022  $0.3625  12/14/2021  12/15/2021  1/3/2022  $0.3625  9/17/2021  9/20/2021  10/1/2021  $0.3625  Online Information  Website: www.njresources.com  Investor Relations: LINK Follow us:  22