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SJI Reports 2020 Financial Results
Announces Renewable Natural Gas Investment
FOLSOM, NJ, Feb. 24, 2021 (GLOBE NEWSWIRE)
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Announces Renewable Natural Gas Investment
FOLSOM, NJ (February 24, 2021) – SJI (NYSE: SJI) today reported operating results for its 2020 full year and fourth quarter ended December 31, 2020. Highlights include:
2020 GAAP earnings of $1.62 per diluted share compared to $0.84 per diluted share in 2019
2020 Economic Earnings of $1.68 per diluted share compared to $1.12 per diluted share in 2019
2020 GAAP/Economic Earnings include $0.13 per diluted share in nonrecurring items adjustments for certain tax benefits ($.07), adjustments to SJG’s rate design ($.03) and pipeline supplier refunds ($.03)
Significant improvement in 2020 financial results, despite historic challenge of COVID pandemic, driven by increased profitability from Utility and Non-Utility operations