Sempra Energy (SRE) updated its financial outlook in advance of its financial analyst conference today in New York City. The company narrowed its earnings-per-share guidance for 2013 to $4.30 to $4.60 from prior per-share guidance of $4.30 to $4.80. Analysts polled by Thomson Reuters expect the company to report earnings of $4.49 per share for fiscal 2013. Analysts' estimates typically exclude special items.
The 2013 earnings guidance includes $0.30 per share of earnings for the recognition of additional authorized revenues for 2012 operations under the recent General Rate Case decision for San Diego Gas & Electric and Southern California Gas Co.
The company set earnings-per-share guidance at $4.25 to $4.55 for 2014 and $5.10 to $5.60 for 2017. This earnings guidance does not reflect any significant contribution from the Cameron LNG liquefaction-export project, which is not expected to be in full operation until the end of 2018. Analysts expect the company to report earnings of $4.68 per share for fiscal 2014.
Additionally, the company reaffirmed its long-term compound annual earnings growth target of 6 percent to 8 percent.
The company said during a live webcast at 1 p.m. EDT today, its management team will provide an update on the company's strategic plan. It said its executives will discuss additional growth opportunities that could result in a compound annual earnings growth rate of 8 percent to 10 percent through 2017.
Executives also will detail at the conference capital-expenditure plans and forecasted earnings by business unit. From 2013 through 2017, the company expects capital expenditures and investments to average approximately $2.9 billion annually.
For comments and feedback contact: editorial@rttnews.com
Business News
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.