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South Jersey Industries' adjusted earnings meets analyst expectations

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South Jersey Industries' adjusted earnings meets analyst expectations

South Jersey Industries Inc. on Aug. 3 reported adjusted net income of $4.5 million, or 6 cents per share, in the second quarter, down from $8.7 million, or 12 cents per share, a year earlier.

The S&P Capital IQ consensus normalized EPS estimate for the second quarter was 6 cents.

GAAP earnings was a loss of $7.6 million, or a loss of 10 cents per share, compared to a loss of $4.8 million, or a loss of 6 cents per share, in the prior-year period.

Operating revenue was $244.4 million, growing from $154.4 million a year earlier.

The company expects full-year adjusted net income to come in at $1.14 per share to $1.20 per share. The S&P Capital IQ consensus normalized EPS guidance for the year is $1.20.