Sempra Energy (SRE) reported a decline in its first-quarter 2012 earnings to $236 million, or $0.97 per share, from $254 million, or $1.05 per share in the first quarter 2011. On average, 7 analysts polled by Thomson Reuters expected earnings per share of $0.98 for the quarter. Analysts' estimates typically exclude one-time items.
Total revenues for the latest quarter were $2.38 billion, versus $2.43 billion in the comparable period last year. With effect from January 1, the company changed its accounting treatment for investment tax credits related to solar-power projects from the flow-through method to the deferral method. Sempra Energy's 2011 results have been restated to reflect this change in accounting method.
Sempra Energy's chief executive stated, "Our solid first-quarter results put us on track to meet our 2012 earnings-per-share guidance range of $4 to $4.30." Eleven analysts project earnings per share of $4.17 for the full year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.