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Ending Agreement
Financial Exhibit
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New Agreement
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Bylaw Change
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Financial Exhibit
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Financial Exhibit
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Financial Exhibit
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Financial Exhibit
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Earnings Release
Financial Exhibit
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Financial Exhibit
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Financial Exhibit
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February 2023
Ending Agreement
Financial Exhibit
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New Agreement
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Financial Exhibit
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New Agreement
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February 2023
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Change in Assets
Change in Control
Event for Officers
Financial Exhibit
Listing Status
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Security Holders Change
Change in Assets
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Event for Officers
Financial Exhibit
Listing Status
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Security Holders Change
February 2023
Financial Exhibit
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January 2023
Financial Exhibit
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December 2022
Earnings Release
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Financial Exhibit
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Earnings Release
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August 2022
Financial Exhibit
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July 2022
Financial Exhibit
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May 2022
Last10K.com | 10-Q Quarterly Report Thu May 06 2021
 | Investor Contact: | ||||
| Daniel Fidell | |||||
| 609-561-9000 x7027 | |||||
| dfidell@sjindustries.com | |||||
| Media Contact: | |||||
| Dominick DiRocco | |||||
| 609-561-9000 x4262 | |||||
| ddirocco@sjindustries.com | |||||
SJI Reports First Quarter 2021 Results
Investor Day To Provide Long-Term Growth Outlook
FOLSOM, NJ (May 5, 2021) - SJI (NYSE: SJI) today reported operating results for the first quarter ended March 31, 2021. Highlights include:
▪Q1 2021 GAAP earnings of $1.26 per diluted share compared to $1.09 per diluted share in 2020
▪Q1 2021 Economic Earnings* of $1.26 per diluted share compared to $1.15 per diluted share in 2020
▪First quarter results reflect increased profitability from Utility and Non-Utility operations partially offset by impact of financing activities
▪Successful execution of key regulatory initiatives -- positive resolution of SJG/ETG Energy Efficiency proposals and approval of ETG conservation incentive program (CIP)
▪Decarbonization goals announced in April targeting 70% reduction in emissions by 2030 and 100% by 2040, with at least 25% of capital spending annually in support of sustainability investments
▪Virtual Investor Day on May 6 to provide strategic plan for long-term growth and guidance metrics
"Thanks to the continuing dedication of our talented team through the pandemic, we were able to deliver positive first quarter results and are off to a solid start to begin 2021," said Mike Renna, SJI President and Chief Executive Officer. "We remain committed to delivering safe, reliable, affordable clean energy to our more than 700,000 customers and achieving our sustainability goals through critical energy infrastructure investments. We look forward to sharing our vision for SJI as a leading 21st century clean energy infrastructure company during our Investor Day on May 6," added Renna.
| Three Months Ended March 31, 2021 | Three Months Ended March 31, 2020 | |||||||||||||||||||||||||||||||
| GAAP | GAAP | Economic | Economic | GAAP | GAAP | Economic | Economic | |||||||||||||||||||||||||
| Earnings | EPS | Earnings | EPS | Earnings | EPS | Earnings | EPS | |||||||||||||||||||||||||
| Utility | $121.6 | $1.19 | $121.6 | $1.19 | $107.7 | $1.16 | $108.9 | $1.18 | ||||||||||||||||||||||||
| Non-Utility | $16.2 | $0.16 | $16.1 | $0.16 | $5.8 | $0.06 | $6.4 | $0.07 | ||||||||||||||||||||||||
| Other | $(9.1) | $(0.09) | $(8.8) | $(0.09) | $(12.4) | $(0.13) | $(8.5) | $(0.09) | ||||||||||||||||||||||||
| Total - Continuing Ops | $128.8 | $1.26 | $128.9 | $1.26 | $101.1 | $1.09 | $106.8 | $1.15 | ||||||||||||||||||||||||
| Average Diluted Shares | 101.9 | 101.9 | 92.6 | 92.6 | ||||||||||||||||||||||||||||
| *Non-GAAP, see "Explanation and Reconciliation of Non-GAAP Financial Measures." | ||||||||||||||||||||||||||||||||
| Note: Earnings and average shares outstanding are in millions. Amounts and/or EPS may not add due to rounding. | ||||||||||||||||||||||||||||||||
1
The following information was filed by South Jersey Industries Inc (SJI) on Wednesday, May 5, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one quarter to another to evaluate South Jersey Industries Inc's financial trajectory
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by South Jersey Industries Inc.
Assess how South Jersey Industries Inc's management team is paid from their Annual Proxy
South Jersey Industries Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:
- Voting Procedures
- Board Members
- Executive Team
- Salaries, Bonuses, Perks
- Peers / Competitors
SEC Filing Tools
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Cover Page
Condensed Consolidated Balance Sheets (Unaudited)
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Changes In Equity (Unaudited)
Condensed Consolidated Statements Of Changes In Equity (Unaudited) - Parenthetical
Condensed Consolidated Statements Of Comprehensive Income (Loss) (Unaudited) - Parenthetical
Condensed Consolidated Statements Of Comprehensive Income (Unaudited)
Condensed Consolidated Statements Of Income (Unaudited)
Acquisitions &Amp; Business Combinations
Affiliations, Discontinued Operations And Related-Party Transactions
Affiliations, Discontinued Operations And Related-Party Transactions (Tables)
Affiliations, Discontinued Operations And Related-Party Transactions - Narrative (Details)
Affiliations, Discontinued Operations And Related-Party Transactions - Related Party Transactions (Details)
Commitments And Contingencies
Commitments And Contingencies (Details)
Common Stock
Common Stock (Tables)
Common Stock - Narrative (Details)
Common Stock - Summary Of Convertible Units (Details)
Common Stock - Summary Of Shares Issued And Outstanding (Details)
Derivative Instruments
Derivative Instruments (Tables)
Derivative Instruments - Effect Of Instruments (Details)
Derivative Instruments - Fair Value Of All Derivative Instruments (Details)
Derivative Instruments - Offsetting Arrangements (Details)
Derivative Instruments - Outstanding Contracts (Details)
Fair Value Of Financial Assets And Financial Liabilities
Fair Value Of Financial Assets And Financial Liabilities (Tables)
Fair Value Of Financial Assets And Financial Liabilities - Changes In Measurements (Details)
Fair Value Of Financial Assets And Financial Liabilities - Measured On A Recurring Basis (Details)
Fair Value Of Financial Assets And Financial Liabilities - Quantitative Information Regarding Significant Unobservable Inputs (Details)
Financial Instruments
Financial Instruments (Tables)
Financial Instruments - Cash, Cash Equivalents And Restricted Investments (Details)
Financial Instruments - Narrative (Details)
Financial Instruments - Schedule Of Allowance For Credit Losses (Details)
Financial Instruments - Schedule Of Estimated Fair Values And Carrying Values Of Long-Term Debt (Details)
Goodwill And Identifiable Intangible Assets
Goodwill And Identifiable Intangible Assets (Tables)
Goodwill And Identifiable Intangible Assets - Future Amortization Expense (Details)
Goodwill And Identifiable Intangible Assets - Narrative (Details)
Goodwill And Identifiable Intangible Assets - Summary Of Intangible Assets (Details)
Lines Of Credit And Short-Term Borrowings
Lines Of Credit And Short-Term Borrowings (Tables)
Lines Of Credit And Short-Term Borrowings - Narrative (Details)
Lines Of Credit And Short-Term Borrowings - Schedule Of Lines Of Credit (Details)
Lines Of Credit And Short-Term Borrowings - Schedule Of Lines Of Credit (Weighted Average Interest Rates, Average Borrowings, And Maximum Amounts Outstanding) (Details)
Long-Term Debt
Long-Term Debt (Details)
Pension And Other Postretirement Benefits
Pension And Other Postretirement Benefits (Details)
Pension And Other Postretirement Benefits (Tables)
Pension And Other Postretirement Benefits - Schedule Of Defined Benefit Plans Disclosure (Details)
Rates And Regulatory Actions
Rates And Regulatory Actions (Details)
Regulatory Assets And Regulatory Liabilities
Regulatory Assets And Regulatory Liabilities (Tables)
Regulatory Assets And Regulatory Liabilities - Narrative (Details)
Regulatory Assets And Regulatory Liabilities - Regulatory Assets (Details)
Regulatory Assets And Regulatory Liabilities - Regulatory Liabilities (Details)
Revenue
Revenue (Tables)
Revenue - Accounts Receivable (Details)
Revenue - Disaggregated Revenue (Details)
Revenue - Narrative (Details)
Segments Of Business
Segments Of Business (Details)
Segments Of Business (Tables)
Stock-Based Compensation Plan
Stock-Based Compensation Plan (Tables)
Stock-Based Compensation Plan - Narrative (Details)
Stock-Based Compensation Plan - Nonvested Restricted Stock Awards And Fair Value Assumptions (Details)
Stock-Based Compensation Plan - Restricted Stock Activity (Details)
Stock-Based Compensation Plan - Schedule Of Stock Based Compensation Cost (Details)
Subsequent Events
Subsequent Events (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Narrative (Details)
Material Contracts, Statements, Certifications & more
South Jersey Industries Inc provided additional information to their SEC Filing as exhibits
Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.3: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.4: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32.1: Section 1350 Certification
Exhibit 32.2: Section 1350 Certification
Exhibit 32.3: Section 1350 Certification
Exhibit 32.4: Section 1350 Certification
Ticker: SJI
CIK: 91928
Form Type: 10-Q Quarterly Report
Accession Number: 0000091928-21-000022
Submitted to the SEC: Thu May 06 2021 4:19:05 PM EST
Accepted by the SEC: Thu May 06 2021
Period: Wednesday, March 31, 2021
Industry: Natural Gas Distribution
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