The company has not filed an annual or quarterly report since its Q3 FY2022 10-Q, filed Nov 3, 2022. Its latest SEC filing is a 15-12G from Feb 17, 2023.
10-Q for Q3 FY2022, filed Nov 3, 2022
The sections below describe the company as of the FY2021 annual report.
Distributes natural gas to households and businesses in New Jersey and sells gas and pipeline transportation capacity to wholesale customers.
10-K for FY2021, filed Feb 24, 2022SJG, a New Jersey corporation, is an operating public utility company engaged in the purchase, transmission and sale of natural gas for…View ↗
As of December 31, 2021, SJG served 384,062 residential customers, 26,826 commercial customers and 413 industrial customers in southern New…View ↗
SJG makes wholesale gas sales to gas marketers for resale and ultimate delivery to end users. These “off-system” sales are made possible…View ↗
ETG is a regulated natural gas utility which distributes natural gas in seven counties in northern and central New Jersey. ETG serves…View ↗
Natural-gas utility customers are billed monthly and pay within 30 days; wholesale gas and pipeline-capacity buyers pay on the 25th for the previous month's deliveries. Electricity and renewable-power customers are billed monthly as power is delivered or generated.
10-K for FY2021, filed Feb 24, 2022SJG, ETG and, prior to its sale in July 2020 (see Note 1), ELK, sell natural gas to residential, commercial and industrial customers, and…View ↗
SJRG sells natural gas to commercial customers at either a fixed quantity or at variable quantities based on a customer's needs. Payment is…View ↗
SJG and SJRG sell pipeline transportation capacity on a wholesale basis to various customers on the interstate pipeline system and…View ↗
SJE sells electricity to commercial, industrial and residential customers at fixed prices throughout the life of the contract, with the…View ↗
Solar projects earn revenue based on electricity generated. The customer is billed monthly as electricity is being generated, with payment…View ↗
Renewables Fuel Cell The fuel cell projects earn revenue based on electricity generated. The customer is billed monthly as electricity is…View ↗
10-K for FY2021, filed Feb 24, 2022
FY2021 revenue by product or service (Revenue from Contract with Customer, Excluding Assessed Tax) ↗$2B
10-K for FY2021, filed Feb 25, 2022
$2B ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Gas
Usage-based
10-K for FY2021, filed Feb 24, 2022 |
98% |
Gas, FY2021
$2.3B Sources
|
Usage-based |
|
Electric
Usage-based
|
0.4% |
Electric, FY2021
$8.7M Sources
|
Usage-based |
|
Solar
Usage-based
|
0.3% |
Solar, FY2021
$7M Sources
|
Usage-based |
|
Fuel Cells
Usage-based
|
0.7% |
Fuel Cells, FY2021
$15.8M Sources
|
Usage-based |
|
Other
|
0.3% |
Other, FY2021
$7.6M Sources
|
South Jersey Gas and Elizabethtown Gas serve households and business customers; wholesale operations sell gas to marketers for resale and pipeline capacity to buyers on interstate pipelines. SJE also sells electricity to residential, commercial and industrial customers.
10-K for FY2021, filed Feb 24, 2022As of December 31, 2021, SJG served 384,062 residential customers, 26,826 commercial customers and 413 industrial customers in southern New…View ↗
SJG makes wholesale gas sales to gas marketers for resale and ultimate delivery to end users. These “off-system” sales are made possible…View ↗
ETG is a regulated natural gas utility which distributes natural gas in seven counties in northern and central New Jersey. ETG serves…View ↗
SJG and SJRG sell pipeline transportation capacity on a wholesale basis to various customers on the interstate pipeline system and…View ↗
SJE sells electricity to commercial, industrial and residential customers at fixed prices throughout the life of the contract, with the…View ↗
Yes. It kept 4 cents of every revenue dollar as net income in FY2021, but spent more cash than it brought in: free cash flow was −$293.5M.
10-Q for Q3 FY2022, filed Nov 4, 2022
−$38MView ↗
10-Q for Q3 FY2022, filed Nov 3, 2022
Open tableView ↗
8-K, filed Feb 6, 2023
As previously announced, on February 6, 2023, the Company filed a Form 25 in order to voluntarily delist its 5.625% Junior Subordinated…View ↗
8-K, filed Feb 1, 2023
On the Closing Date, in connection with the closing of the Merger (the “Closing”), the Company notified the New York Stock Exchange…View ↗
Grew. Revenue grew 60% in 4 years, from $1.2B in FY2017 to $2B in FY2021, about 13% a year.
Retail gas exit
SJE's retail business shifted from marketing natural gas and offering broader energy management to marketing electricity; SJI says it sold SJE's retail gas assets.
10-K for FY2018, filed Feb 28, 2019 10-K for FY2021, filed Feb 24, 2022SJE acquires and markets electricity to retail end users. SJE previously acquired and marketed natural gas and provided total energy…View ↗
SJIU is a holding company that owns SJG and ETG and, until its sale in July 2020, owned ELK. SJG is a regulated natural gas utility which…View ↗
ELK sale
The older report listed ELK as a Maryland gas utility; the latest says SJI sold it.
10-K for FY2018, filed Feb 28, 2019 10-K for FY2021, filed Feb 24, 2022ELK is a regulated natural gas utility which distributes natural gas in northern Maryland.View ↗
SJIU is a holding company that owns SJG and ETG and, until its sale in July 2020, owned ELK. SJG is a regulated natural gas utility which…View ↗
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