Sempra Energy’s earnings rise in Q1

San Diego-based energy company and LNG operator Sempra Energy posted an 8 percent rise in its earnings in in the first quarter of this year.

Sempra Energy’s bottom line rose to $438 million, or $1.74 per share. This was higher than $404 million, or $1.60 per share, in last year’s first quarter.

Revenue for the quarter rose 15.6 percent to $3.03 billion.

Sempra LNG & Midstream, the company’s unit that operates the Cameron LNG terminal and is developing new liquefaction projects, recorded a profit of $1 million in the quarter as compared to a loss of $32 million in the first quarter 2016.

Sempra reaffirmed its 2017 earnings-per-share guidance range of $4.85 to $5.25.

“Our strong first-quarter results keep us on track to meet our 2017 earnings guidance,” said Debra L. Reed, Chief Executive of Sempra.

“As we outlined at our analyst conference last month, we are executing on our strategic plan to grow our earnings at about twice the average rate of our utility peers from 2017 through 2021,” Reed added.

Share this article

Follow LNG World News

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNG Pricing, Trading & Hedging London

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >