NewJersey Resources Corporation Common Stock (NJR)

Competitors to NewJersey Resources Corporation Common Stock (NJR)

Consolidated Edison, Inc. 

Consolidated Edison, Inc. (Con Edison) and New Jersey Resources compete primarily in the energy sector, focusing on providing natural gas and electric services to residential and commercial customers in the Northeast United States. Both companies face similar regulatory environments and market conditions, but Con Edison benefits from a more diversified portfolio that includes electric distribution in addition to gas, potentially giving it an edge in terms of revenue stability and growth opportunities across multiple energy sources.

NiSource Inc. 

NiSource, while primarily operating outside of New Jersey, competes with NJR through its gas utilities in several northeastern states. Both companies navigate similar regulatory landscapes and focus on the distribution of natural gas. NiSource may have a competitive edge due to its larger scale and integrated services across multiple states, which could allow for greater operational efficiency and resource sharing compared to the more localized operations of New Jersey Resources.

Public Service Enterprise Group Incorporated 

Public Service Enterprise Group (PSEG) operates in the same geographic area as New Jersey Resources and offers both electricity and natural gas services. This dual-service capability enables PSEG to capture a broader customer base than NJR, which primarily focuses on natural gas. PSEG's extensive infrastructure and established customer relationships provide it with a competitive advantage in customer retention, especially during the transition towards renewable energy and modernized infrastructure.

South Jersey Industries, Inc.

South Jersey Industries (SJI) operates in the same market as New Jersey Resources, providing natural gas distribution and energy-related services. Both companies target similar customer segments, but SJI has made significant investments in renewable energy projects, positioning itself as a forward-thinking alternative energy provider. This focus may give SJI a competitive advantage among environmentally conscious consumers and contractors seeking green solutions.