Investor Presentaiton

NJR's Business Portfolio Natural Gas and Renewable Fuel Distribution; Solar Investments, Wholesale Energy Markets; Storage & Transportation Infrastructure; Retail Operations New Jersey Natural Gas (NJNG) Operates and maintains approximately 7,700 miles of Natural Gas transportation and distribution infrastructure serving approximately 569,000 customers in New Jersey ° Utilize public policy and expand its business while taking advantage of energy efficiency Clean Energy Ventures (CEV) Storage and Transportation (S&T) CEV develops, invests in, owns and operates energy projects that generate clean power, provide low carbon energy solutions and help our customers save energy and money in a sustainable way . Broader climate goals support continued investment across the solar market Invests in, owns and operates midstream assets including natural gas pipeline and storage facilities. Our companies provide transportation and storage services to a broad range of customers in the natural gas market Generating stable fee-based revenue from diverse mix of high credit-quality customers N New Jersey Resources Demonstrated leadership as a premier energy infrastructure and environmentally- forward thinking company N New Jersey Resources Energy Services (ES) Provides unregulated, wholesale natural gas to consumers across the Gulf Coast, Eastern Seaboard, Southwest, Mid-continent and Canada. In addition to energy supply, NJRES provides a full-range of customized energy management services Long option strategy provides significant upside potential with limited downside risk. New Jersey Resources Home Services (NJRHS) • NJR Home Services offers customers home comfort solutions, including equipment sales and installations; solar lease and purchase plans; and a service contract product line, including heating, cooling, water heating, electric and standby generator contracts Recognized as a Top 20 RuudⓇ National Pro Partner TM for 6 Consecutive Years 23 23

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