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President and Chief Executive Officer
Good morning, and welcome to SJI s 2021 Investor Day. I m Mike Renna, President and CEO of SJI, and we re pleased to have you join us today. The SJI management team, many of whom you ve just seen in our introductory video, will be joining me today to share our plans to deliver strong long-term growth and value for our shareholders. While COVID has certainly presented an unprecedented series of challenges, one thing the past 14 months has taught us, to be a bit more patient and not to take every cameo every child cameo and dog bark quite so seriously. So here s to turning the corner into a future we can all be together again in person healthy and safe. As we begin, please be aware that certain statements in today s webcast contain estimates and other forward-looking statements within the meaning of the securities laws. And we wish to caution persons watching this webcast that its current expectations, assumptions and beliefs forming the basis o
JerseyNew-yorkUnited-statesNew-jerseyAtlantic-cityState-of-new-jerseyPennsylvaniaOregonAmericaChris-ellinghausMike-rennaMichaelj-rennaSJI 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
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