South Jersey Industries, Inc
SJIJ
New York Stock Exchange16.58
USD
+0.56
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South Jersey Industries, Inc
SJIJ
(New York Stock Exchange)
Recent
price
16.58
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- South Jersey Industries, Inc. is an energy infrastructure holding company based in Folsom, New Jersey. The company delivers essential energy services through its primary utility subsidiaries, South Jersey Gas and Elizabethtown Gas, providing safe, reliable natural gas to hundreds of thousands of residential, commercial, and industrial customers across New Jersey. Beyond its regulated gas distribution operations, South Jersey Industries has significantly expanded its non-utility segment, SJI Renewable Energy Ventures, which specializes in the ownership, development, and operation of diverse clean energy projects, including solar, fuel cell, and Renewable Natural Gas (RNG) facilities sourced from organic waste streams. This strategic focus reflects the company's commitment to sustainability and a clean energy future, with stated goals to achieve carbon-neutral operations by 2040. In a significant corporate development, South Jersey Industries was acquired by the Infrastructure Investments Fund of J.P. Morgan & Co. and taken private in February 2023. Recent initiatives include the commencement of construction on new RNG production facilities in partnership with OPAL Fuels Inc. and Atlantic County Utilities Authority (ACUA), further advancing its renewable energy portfolio. The company also continues to enhance energy efficiency programs for its utility customers.