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SJI reported first-quarter 2020 results with GAAP earnings of $101.1 million, up from $85.7 million in 2019. Economic earnings increased to $106.8 million compared to $99.4 million last year. Utility operations showed improved profitability, aided by new customer growth and infrastructure investments. The company affirmed ongoing economic earnings guidance for 2020 at $1.50-$1.60 per diluted share, despite minor impacts from COVID-19. SJI continues to focus on regulatory initiatives, infrastructure modernization, and maintaining liquidity with $470 million available in credit facilities.
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