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Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2018
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)
 
 
2018 Quarter Ended
 
2017 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
 
$
521,945

 
$
227,330

 
$
302,480

 
$
589,583

 
$
425,829

 
$
244,374

 
$
227,127

 
$
345,738

Expenses:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Cost of Sales - (Excluding depreciation)
 
283,068

 
145,796

 
233,112

 
393,432

 
287,143

 
179,684

 
168,815

 
210,585

Operations, Impairment Charges, Net Gains on Sale of Assets, Depreciation and Maintenance Including Fixed Charges (See Note 1)
 
92,540

 
208,384

 
131,899

 
133,121

 
84,496

 
77,504

 
121,439

 
152,091

Income Taxes
 
36,415

 
(31,972
)
 
(16,649
)
 
12,767

 
21,870

 
(5,544
)
 
(24,765
)
 
(16,498
)
Energy and Other Taxes
 
2,439

 
1,243

 
2,595

 
3,260

 
2,071

 
1,551

 
1,517

 
1,348

Total Expenses
 
414,462

 
323,451

 
350,957

 
542,580

 
395,580

 
253,195

 
267,006

 
347,526

Other Income and Expense (See Note 1)
 
3,823

 
2,328

 
2,835

 
(971
)
 
7,498

 
1,209

 
2,331

 
5,797

Income (Loss) from Continuing Operations
 
111,306

 
(93,793
)
 
(45,642
)
 
46,032

 
37,747

 
(7,612
)
 
(37,548
)
 
4,009

Loss from Discontinued Operations  -  (Net of tax benefit)
 
(66
)
 
(26
)
 
(43
)
 
(105
)
 
(30
)
 
(47
)
 
(45
)
 
36

Net Income (Loss)
 
$
111,240

 
$
(93,819
)
 
$
(45,685
)
 
$
45,927

 
$
37,717

 
$
(7,659
)
 
$
(37,593
)
 
$
4,045

 
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Basic Earnings Per Common Share:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Continuing Operations
 
$
1.40

 
$
(1.12
)
 
$
(0.53
)
 
$
0.54

 
$
0.47

 
$
(0.10
)
 
$
(0.47
)
 
$
0.05

Discontinued Operations
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Basic Earnings Per Common Share
 
$
1.40

 
$
(1.12
)
 
$
(0.53
)
 
$
0.54

 
$
0.47

 
$
(0.10
)
 
$
(0.47
)
 
$
0.05

Average Shares of Common Stock Outstanding - Basic
 
79,595

 
84,080

 
85,506

 
85,506

 
79,519

 
79,549

 
79,549

 
79,549

 
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Diluted Earnings Per Common Share:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Continuing Operations
 
$
1.40

 
$
(1.12
)
 
$
(0.53
)
 
$
0.53

 
$
0.47

 
$
(0.10
)
 
$
(0.47
)
 
$
0.05

Discontinued Operations
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Diluted Earnings Per Common Share
 
$
1.40

 
$
(1.12
)
 
$
(0.53
)
 
$
0.53

 
$
0.47

 
$
(0.10
)
 
$
(0.47
)
 
$
0.05

Average Shares of Common Stock Outstanding - Diluted
 
79,724

 
84,080

 
85,506

 
86,389

 
79,641

 
79,549

 
79,549

 
79,705

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2018 Quarter Ended
 
2017 Quarter Ended
SJG:
 
March 31
 
June 30
 
Sept. 30
 
Dec. 31
 
March 31
 
June 30
 
Sept. 30
 
Dec. 31
Operating Revenues
 
$
234,459

 
$
76,801

 
$
56,371

 
$
180,369

 
$
196,814

 
$
83,251

 
$
66,755

 
$
170,434

Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of Sales (excluding depreciation)
 
89,808

 
19,379

 
16,079

 
84,383

 
72,424

 
33,644

 
29,499

 
68,865

Operations, Depreciation and Maintenance Including Fixed Charges (See Note 1)
 
57,323

 
55,480

 
53,239

 
63,386

 
47,748

 
46,077

 
46,877

 
54,221

Income Taxes
 
21,836

 
482

 
(2,818
)
 
6,913

 
29,911

 
1,431

 
(3,688
)
 
18,046

Energy and Other Taxes
 
1,255

 
498

 
988

 
1,505

 
1,295

 
872

 
865

 
697

Total Expenses
 
170,222

 
75,839

 
67,488

 
156,187

 
151,378

 
82,024

 
73,553

 
141,829

Other Income and Expense (See Note 1)
 
2,510

 
607

 
2,141

 
(573
)
 
1,042

 
1,039

 
1,027

 
979

Net Income (Loss)
 
$
66,747

 
$
1,569

 
$
(8,976
)
 
$
23,609

 
$
46,478

 
$
2,266

 
$
(5,771
)
 
$
29,584


The sum of the quarters for basic and diluted earnings per common share for 2018 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 for 2017 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.