Sempra: Positioned For The Future Growth, But Wait For A Dip
Sempra Energy offers diversified revenue streams through regulated utilities and energy infrastructure. Despite short-term earnings pressure from declining revenues in California and rising costs, its strategic investments in LNG and various renewable projects promise significant growth. Management is projecting 6-8% annual earnings growth, supported by a $48B five-year capital plan focusing on modernization and expansion efforts.
Sempra: Above-Average Growth Prospects For A Utility Company
Sempra's diversified operations in California, Texas, and its Port Arthur LNG projects offer strong growth prospects moving forward. Despite recent earnings misses, Sempra reaffirmed its FY2024 and FY2025 guidance, highlighting bullish updates on Port Arthur LNG Phase 1 and Phase 2. Trading in line with the utility sector, Sempra's higher growth potential makes it a buy, but I recommend starting small and adding on dips.
Sempra Energy Rides on Investments Amid Restoration Expense Risk
SRE is expected to benefit from its systematic investment plan and higher demand. However, restoration expenses may hurt the company.
Sempra (SRE) Q3 2024 Earnings Call Transcript
Sempra (NYSE:SRE ) Q3 2024 Earnings Conference Call November 6, 2024 12:00 PM ET Company Participants Glen Donovan - SVP, Finance Jeff Martin - Chairman & Chief Executive Officer Karen Sedgwick - Executive Vice President & Chief Financial Officer Justin Bird - Executive Vice President and Chief Executive Officer of Sempra Infrastructure Allen Nye - Chief Executive Officer of Oncor Conference Call Participants Nick Campanella - Barclays Shar Pourreza - Guggenheim Partners Julien Dumoulin-Smith - Jefferies Carly Davenport - Goldman Sachs Durgesh Chopra - Evercore ISI Steve Fleishman - Wolfe Operator Good day, and welcome to Sempra's Third Quarter Earnings Call. Today's conference is being recorded.
Sempra Q3 Earnings Miss Estimates, Revenues Decline Y/Y
SRE's total revenues of $2.78 billion decline 16.7% from the year-ago level. The top line also misses the Zacks Consensus Estimate by 27.5%.
Sempra (SRE) Lags Q3 Earnings and Revenue Estimates
Sempra (SRE) came out with quarterly earnings of $0.89 per share, missing the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $1.08 per share a year ago.
Earnings Preview: Sempra (SRE) Q3 Earnings Expected to Decline
Sempra (SRE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Sempra: Still A Buyable Dividend Growth Stock
As the S&P 500 index has remained flat, shares of Sempra have rallied in the past two months. An upcoming rate case decision and electrical load growth in Texas should be future growth catalysts. Sempra's interest coverage ratio is healthy, and the balance sheet is well-capitalized.
SRE's Unit SoCalGas Announces an Initiative to Reduce GHG Emissions
SRE's unit, SoCalGas, is set to launch a $1.5 million initiative to provide 50 fuel cards to fleet operators purchasing class 8 heavy-duty natural gas trucks.
Sempra (SRE) Q2 Earnings Miss Estimates, Revenues Decline Y/Y
Sempra Energy's (SRE) second-quarter 2024 earnings and revenues lag estimates. The company reiterates its 2024 EPS outlook.
Sempra (SRE) Q2 Earnings and Revenues Lag Estimates
Sempra (SRE) came out with quarterly earnings of $0.89 per share, missing the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.94 per share a year ago.
Sempra Energy (SRE) to Post Q2 Earnings: What's in the Offing?
Sempra Energy's (SRE) Q2 results are likely to reflect the benefits of favorable weather patterns and rate-based growth amid higher interest expenses.
