Investor Presentaiton

Thousands NJR CEV - SREC Hedging by Fiscal Year As of September 30, 2022 FY 2023 FY 2024 FY 2025 FY 2026 N New Jersey Resources 114 263 380 406 Hedged Unhedged 283 135 Percent Hedged Average Price Current Price (FY) 0 100% $204 $224 Percent Hedged 21 95% Average Price $194 Current Price (FY) $210 Percent Hedged 66% Average Price $190 Current Price (FY) $195 Percent Hedged Average Price 29% $173 Current Price (EY) $177 29

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