South Jersey Industries (SJIIU) 8-K Results of Operations and Financial Condition

SOURCE: STEPHEN H. CLARK			609-561-9000
		MARISSA TRAVALINE
COMPANY NAME: SOUTH JERSEY INDUSTRIES, INC.
MARKET: N
STOCK SYMBOL: SJI
		SOUTH JERSEY INDUSTRIES, INC. AND SUBSIDIARIES
		COMPARATIVE EARNINGS STATEMENTS
		(In Thousands Except for Per Share Data)
		UNAUDITED
			Three Months Ended
			March 31,
			2015	2014
Operating Revenues:
	Utility		$ 266,530	$ 210,329
	Nonutility		116,422	139,872
		Total Operating Revenues	382,952	350,201
Operating Expenses:
	Cost of Sales - (Excluding depreciation)
	- Utility		144,974	103,077
	- Nonutility		96,733	125,061
	Operations		41,861	39,350
	Maintenance		3,998	3,259
	Depreciation		16,819	14,991
	Energy and Other Taxes		2,196	1,953
		Total Operating Expenses	306,581	287,691
Operating Income			76,371	62,510
Other Income and Expense			2,241	2,368
Interest Charges			(8,601)	(7,084)
Income Before Income Taxes			70,011	57,794
Income Taxes			(16,613)	(11,869)
Equity in Earnings of Affiliated Companies			455	2,286
Income from Continuing Operations			53,853	48,211
Loss from Discontinued Operations - (Net of tax benefit)			(276)	(313)

		Net Income	$ 53,577	$ 47,898
Basic Earnings per Common Share:
	Continuing Operations		$ 0.79	$ 0.74
	Discontinued Operations		0	(0.01)
		Basic Earnings per Common Share	$ 0.79	$ 0.73
Average Shares of Common Stock Outstanding - Basic			68,397	65,530
Diluted Earnings per Common Share:
	Continuing Operations		$ 0.79	$ 0.74
	Discontinued Operations		0	(0.01)
		Diluted Earnings per Common Share	$ 0.79	$ 0.73
Average Shares of Common Stock Outstanding - Diluted			68,618	65,684