SJI Reports Second Quarter 2020 Results

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South Jersey Industries (SJI) Tops Q2 EPS by 3c, Revenues Beat; Offers FY20 EPS Mid-Point Guidance Above Consensus

August 5, 2020 4:50 PM EDT

South Jersey Industries (NYSE: SJI) reported Q2 EPS of ($0.01), $0.03 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $259.96 million versus the consensus estimate of $267.06 million.

Q2 2020 GAAP earnings of $(0.03) per diluted share compared to $(0.14) per diluted share in 2019Q2 2020 Economic Earnings* of $(0.01) per diluted share compared to $(0.13) per diluted share in 2019Second quarter results reflect increased profitability from Utility and Non-Utility operations partially offset by impact of financing activitiesCOVID-19: Operations continue to function effectively; delivery of natural gas to customers has not been materially impacted; NJ regulators... More