Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2019

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)

	2019 Quarter Ended								2018 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	$	637,298	$	266,934	$	261,203	$	463,191	$	521,945	$	227,330	$	302,480	$	589,583
Expenses:
Cost of Sales - (Excluding depreciation)	402,387		165,341		190,366		273,873		283,068		145,796		233,112		393,432
Operations, Impairment Charges, Net Gains on Sale of Assets, Depreciation and Maintenance Including Interest Charges	124,794		118,444		116,056		138,641		92,540		208,384		131,899		133,121
Income Taxes	24,949		(4,646)		(10,925)		11,683		36,415		(31,972)		(16,649)		12,767
Energy and Other Taxes	4,217		2,717		2,663		2,399		2,439		1,243		2,595		3,260
Total Expenses	556,347		281,856		298,160		426,596		414,462		323,451		350,957		542,580
Other Income and Expense & Equity in Earnings of Affiliated Companies	4,748		1,618		2,211		2,945		3,823		2,328		2,835		(971)
Income (Loss) from Continuing Operations	85,699		(13,304)		(34,746)		39,540		111,306		(93,793)		(45,642)		46,032
Loss from Discontinued Operations  -  (Net of tax benefit)	(62)		(95)		(59)		(56)		(66)		(26)		(43)		(105)
Net Income (Loss)	$	85,637	$	(13,399)	$	(34,805)	$	39,484	$	111,240	$	(93,819)	$	(45,685)	$	45,927
Basic Earnings (Loss) Per Common Share:
Continuing Operations	$	0.94	$	(0.14)	$	(0.38)	$	0.43	$	1.40	$	(1.12)	$	(0.53)	$	0.54
Discontinued Operations	—		—		—		—		—		—		—		—
Basic Earnings (Loss) Per Common Share	$	0.94	$	(0.14)	$	(0.38)	$	0.43	$	1.40	$	(1.12)	$	(0.53)	$	0.54
Average Shares of Common Stock Outstanding - Basic	91,332		92,389		92,392		92,130		79,595		84,080		85,506		85,506
Diluted Earnings (Loss) Per Common Share:
Continuing Operations	$	0.94	$	(0.14)	$	(0.38)	$	0.43	$	1.40	$	(1.12)	$	(0.53)	$	0.53
Discontinued Operations	—		—		—		—		—		—		—		—
Diluted Earnings (Loss) Per Common Share	$	0.94	$	(0.14)	$	(0.38)	$	0.43	$	1.40	$	(1.12)	$	(0.53)	$	0.53
Average Shares of Common Stock Outstanding - Diluted	91,432		92,389		92,392		92,253		79,724		84,080		85,506		86,389
	2019 Quarter Ended								2018 Quarter Ended
SJG:	March 31		June 30		Sept. 30		Dec. 31		March 31		June 30		Sept. 30		Dec. 31
Operating Revenues	$	272,198	$	62,268	$	62,039	$	172,721	$	234,459	$	76,801	$	56,371	$	180,369

Expenses:
Cost of Sales (excluding depreciation)	118,880		2,654		19,268		70,542		89,808		19,379		16,079		84,383
Operations, Depreciation and Maintenance Including Fixed Charges	60,832		56,141		57,771		62,412		57,323		55,480		53,239		63,386
Income Taxes	23,697		671		(3,747)		12,201		21,836		482		(2,818)		6,913
Energy and Other Taxes	1,989		1,154		1,159		584		1,255		498		988		1,505
Total Expenses	205,398		60,620		74,451		145,739		170,222		75,839		67,488		156,187
Other Income and Expense (See Note 1)	1,931		328		808		1,309		2,510		607		2,141		(573)
Net Income (Loss)	$	68,731	$	1,976	$	(11,604)	$	28,291	$	66,747	$	1,569	$	(8,976)	$	23,609

The sum of the quarters for basic and diluted earnings per common share for 2019 and 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), along with 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.