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South Jersey Industries (South Jersey Industries) Net Income : $155 Mil (TTM As of Sep. 2022)


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What is South Jersey Industries Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. South Jersey Industries's Net Income for the three months ended in Sep. 2022 was $-38 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2022 was $155 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. South Jersey Industries's Earnings per Share (Diluted) for the three months ended in Sep. 2022 was $-0.31.


South Jersey Industries Net Income Historical Data

The historical data trend for South Jersey Industries's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

South Jersey Industries Net Income Chart

South Jersey Industries Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.49 17.66 76.92 157.08 88.09

South Jersey Industries Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -26.13 82.45 129.21 -18.91 -38.01

South Jersey Industries Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

South Jersey Industries's Net Income for the fiscal year that ended in Dec. 2021 is calculated as

Net Income(A: Dec. 2021 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=226.582+-47.107+0.051+-91.435
=88

South Jersey Industries's Net Income for the quarter that ended in Sep. 2022 is calculated as

Net Income(Q: Sep. 2022 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-26.494+-9.989+-0.093+-1.431
=-38

Net Income for the trailing twelve months (TTM) ended in Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $155 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


South Jersey Industries  (NYSE:SJI) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

South Jersey Industries's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2022 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


South Jersey Industries Net Income Related Terms

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South Jersey Industries (South Jersey Industries) Business Description

Traded in Other Exchanges
N/A
Address
1 South Jersey Plaza, Folsom, NJ, USA, 08037
South Jersey Industries Inc is a New Jersey holding company that acquires and develops utility companies. Through its many subsidiaries, SJI is primarily involved in transmitting, distributing, and selling natural gas and electricity in the mid-Atlantic U.S. The company segments its operations into gas utility operations and energy group businesses. The majority of SJI's total revenue comes from its gas utility operations, which encompasses the company's principal subsidiary: South Jersey Gas. SJG purchases, transmit, and sells natural gas primarily for residential consumers in southern New Jersey. The energy group also represents a significant income stream through its wholesale energy and retail electric services.
Executives
G Edison Holland director 270 PEACHTREE ST NW BIN 910, ATLANTA GA 30303
Kevin M. O'dowd director 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Eric Moss Stein officer: SVP, General Counsel 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Leonard Jr Brinson officer: SVP, Chief Information Officer 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Karen L Phillips officer: SVP, Human Resources 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Christopher Paladino director 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Sheila Hartnett-devlin director, Director SOUTH JERSEY INDUSTRIES, 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Sunita Holzer director SOUTH JERSEY INDUSTRIES, 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Kathleen D Larkin officer: SVP & CHRO 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Cielo Hernandez officer: SVP & CFO C/O XL FLEET CORP., 145 NEWTON STREET, BOSTON MA 02135
Ann T Anthony officer: Treasurer 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Walter M Higgins director SOUTH JERSEY INDUSTRIES, 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Michael J Renna officer: Vice President 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Melissa Orsen officer: SVP & General Counsel 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Steven R Cocchi officer: SVP, Strategy & Growth 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037