XML 45 R25.htm IDEA: XBRL DOCUMENT v3.3.0.814
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
 12 Months Ended
Sep. 30, 2015
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

A summary of financial data for each quarter of fiscal 2015 and 2014 follows. Due to the seasonal nature of the Company's businesses, quarterly amounts vary significantly during the fiscal year. In the opinion of management, the information furnished reflects all adjustments necessary for a fair presentation of the results of the interim periods.
 
First
Second
Third
Fourth
(Thousands, except per share data)
Quarter
Quarter
Quarter
Quarter
2015
 
 
 
 
Operating revenues
$
824,124

$
1,013,090

$
458,467

$
438,306

Gross margin (1)
$
225,787

$
145,189

$
51,217

$
82,177

Operating income (loss)
$
168,697

$
82,806

$
(9,309
)
$
6,257

Net income (loss)
$
123,320

$
60,903

$
(7,460
)
$
4,197

Earnings (loss) per share
 
 
 
 
Basic
$1.46
$0.71
$(0.09)
$0.05
Diluted
$1.44
$0.71
$(0.09)
$0.05
2014




Operating revenues
$
878,405

$
1,579,569

$
688,257

$
591,914

Gross margin (1)
$
64,432

$
315,849

$
28,474

$
47,375

Operating income (loss)
$
12,224

$
247,012

$
(29,208
)
$
(28,838
)
Net income (loss)
$
7,693

$
172,971

$
(14,274
)
$
(24,420
)
Earnings (loss) per share
 
 
 
 
Basic
$0.09
$2.06
$(0.17)
$(0.29)
Diluted
$0.09
$2.04
$(0.17)
$(0.29)
(1)
Gross margin consists of operating revenue less cost of goods sold and other direct expenses at NJR's unregulated subsidiaries and utility gross margin at NJNG, which includes natural gas revenues less natural gas purchases, sales tax, a TEFA (which was phased out in January 2014) and regulatory rider expenses.

The sum of quarterly amounts may not equal the annual amounts due to rounding.