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Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited)
(Summarized quarterly results of SJI's and SJG's operations, in thousands except for per share amounts)
 
 
2017 Quarter Ended
 
2016 Quarter Ended
SJI (includes SJG and all other consolidated subsidiaries):
 
March 31
 
June 30
 
Sept. 30
 
Dec. 31
 
March 31
 
June 30
 
Sept. 30
 
Dec. 31
Operating Revenues
 
$
425,829

 
$
244,374

 
$
227,127

 
$
345,738

 
$
333,035

 
$
154,402

 
$
219,082

 
$
329,981

Expenses:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Cost of Sales - (Excluding depreciation)
 
287,143

 
179,684

 
168,815

 
210,585

 
152,975

 
98,340

 
142,988

 
186,684

Operations, Impairment Charges and Maintenance Including Fixed Charges
 
85,675

 
78,681

 
122,617

 
152,990

 
73,042

 
71,034

 
69,410

 
77,858

Income Taxes
 
21,870

 
(5,544
)
 
(24,765
)
 
(16,498
)
 
39,267

 
(7,189
)
 
2,807

 
19,266

Energy and Other Taxes
 
2,071

 
1,551

 
1,517

 
1,348

 
1,925

 
1,243

 
1,449

 
1,725

Total Expenses
 
396,759

 
254,372

 
268,184

 
348,425

 
267,209

 
163,428

 
216,654

 
285,533

Other Income and Expense
 
8,677

 
2,386

 
3,509

 
6,696

 
2,361

 
4,228

 
7,236

 
1,560

Income (Loss) from Continuing Operations
 
37,747

 
(7,612
)
 
(37,548
)
 
4,009

 
68,187

 
(4,798
)
 
9,664

 
46,008

Loss from Discontinued Operations  -  (Net of tax benefit)
 
(30
)
 
(47
)
 
(45
)
 
36

 
(118
)
 
(29
)
 
(29
)
 
(75
)
Net Income (Loss)
 
$
37,717

 
$
(7,659
)
 
$
(37,593
)
 
$
4,045

 
$
68,069

 
$
(4,827
)
 
$
9,635

 
$
45,933

 
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Basic Earnings Per Common Share:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Continuing Operations
 
$
0.47

 
$
(0.10
)
 
$
(0.47
)
 
$
0.05

 
$
0.96

 
$
(0.06
)
 
$
0.12

 
$
0.58

Discontinued Operations
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Basic Earnings Per Common Share
 
$
0.47

 
$
(0.10
)
 
$
(0.47
)
 
$
0.05

 
$
0.96

 
$
(0.06
)
 
$
0.12

 
$
0.58

Average Shares of Common Stock Outstanding - Basic
 
79,519

 
79,534

 
79,539

 
79,549

 
71,127

 
75,298

 
79,478

 
79,478

 
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Diluted Earnings Per Common Share:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Continuing Operations
 
$
0.47

 
$
(0.10
)
 
$
(0.47
)
 
$
0.05

 
$
0.95

 
$
(0.06
)
 
$
0.12

 
$
0.58

Discontinued Operations
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Diluted Earnings Per Common Share
 
$
0.47

 
$
(0.10
)
 
$
(0.47
)
 
$
0.05

 
$
0.95

 
$
(0.06
)
 
$
0.12

 
$
0.58

Average Shares of Common Stock Outstanding - Diluted
 
79,641

 
79,670

 
79,539

 
79,705

 
71,416

 
75,298

 
79,635

 
79,643

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2017 Quarter Ended
 
2016 Quarter Ended
SJG:
 
March 31
 
June 30
 
Sept. 30
 
Dec. 31
 
March 31
 
June 30
 
Sept. 30
 
Dec. 31
Operating Revenues
 
$
196,814

 
$
83,251

 
$
66,755

 
$
170,434

 
$
187,766

 
$
68,762

 
$
62,025

 
$
142,502

Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of Sales (excluding depreciation)
 
72,424

 
33,644

 
29,499

 
68,865

 
69,303

 
19,997

 
26,395

 
58,695

Operations and Maintenance Including Fixed Charges
 
48,327

 
46,656

 
47,456

 
54,872

 
46,450

 
42,826

 
41,303

 
47,886

Income Taxes
 
29,911

 
1,431

 
(3,688
)
 
18,046

 
27,404

 
1,415

 
(2,007
)
 
12,554

Energy and Other Taxes
 
1,295

 
872

 
865

 
697

 
1,027

 
560

 
838

 
1,195

Total Expenses
 
151,957

 
82,603

 
74,132

 
142,480

 
144,184

 
64,798

 
66,529

 
120,330

Other Income and Expense
 
1,621

 
1,618

 
1,606

 
1,630

 
836

 
1,079

 
1,189

 
727

Net Income (Loss)
 
$
46,478

 
$
2,266

 
$
(5,771
)
 
$
29,584

 
$
44,418

 
$
5,043

 
$
(3,315
)
 
$
22,899


The sum of the quarters for basic and diluted earnings per common share for 2016 does not equal the year's total due to the impact of the equity offering on the average shares of common stock outstanding (see Note 6). The sum of the quarters for basic and diluted earnings per common share may not equal the year's total due to rounding.
NOTE:
Because of the seasonal nature of the business and the volatility from energy-related derivatives, statements for the 3-month periods are not indicative of the results for a full year.