This really is exciting news for our organization and our shareholders. This lends further credence to our work and the continued growth opportunities that lie ahead for our company.
Folsom, NJ (Vocus/PRWEB) March 23, 2011
In February, South Jersey Industries Inc. (NYSE: SJI) announced full year earnings for 2010, noting that the company experienced a banner year marked by record growth. Today, the company is also happy to report that, according to EnergyBiz magazine based on analytics provided by financial research firm SNL Financial, SJI was the top performing energy stock of 2010.
“This really is exciting news for our organization and our shareholders,” said Edward J. Graham, chairman, president and CEO of SJI. “This lends further credence to our work and the continued growth opportunities that lie ahead for our company.”
As reported by EnergyBiz in their March/April issue and based on SNL’s figures, SJI was tops in 2010 both in stock price change, rising 38 percent, and in total shareholder return, at 42 percent. As a basis for comparison, the Dow Jones Utility Index rose by approximately 1 percent during the previous year.
SJI’s stock price increase can be attributed to the diverse energy portfolio the company carries.
“In terms of earnings, we’re able to see significant results relatively equally from both the non-regulated and the utility portion of our business,” added Graham. “Our performance is directly related to the 20 percent growth in our non-regulated businesses last year, our continued investments in the Marcellus Shale and the successful completion of our utility’s base rate case.”
Moving ahead, the company looks forward to sustained growth. “The initiatives we carried out through 2010, in addition to a number of other previously announced or in-queue energy projects, and coupled with the continued growth of our utility, will further enhance results,” said Graham.
About South Jersey Industries
South Jersey Industries (NYSE: SJI) is an energy services holding company. A member of the KLD Global Climate 100 Index, SJI offers solutions to global warming through renewable energy, clean technology and efficiency. South Jersey Gas, one of the fastest growing natural gas utilities in the nation, strongly advocates energy efficiency while safely and reliably delivering natural gas in southern New Jersey. South Jersey Energy Solutions, the parent of SJI’s non-regulated businesses, provides innovative, environmentally friendly energy solutions that help customers control energy costs. South Jersey Energy acquires and markets natural gas and electricity for retail customers and offers energy-related services. Marina Energy develops and operates on-site energy projects. South Jersey Resources Group provides wholesale commodity marketing and risk management services. South Jersey Energy Service Plus installs, maintains and services residential and commercial heating, air conditioning and water heating systems; services appliances; installs solar systems; provides plumbing services and performs energy audits. For more information about SJI and its subsidiaries, visit http://www.sjindustries.com.
Media Contact: Joanne Brigandi, x4240
Investor Contact: Stephen H. Clark, x4260
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