Recap: Sempra Energy Q1 Earnings

Shares of Sempra Energy SRE were flat in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 60.42% year over year to $3.08, which beat the estimate of $2.24.

Revenue of $3,029,000,000 up by 4.52% from the same period last year, which missed the estimate of $3,090,000,000.

Guidance

Sempra Energy hasn't issued any earnings guidance for the time being.

Sempra Energy hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: May 04, 2020

Time: 09:03 AM ET

Webcast URL: https://edge.media-server.com/mmc/p/2r6k3bp2

Price Action

52-week high: $161.87

Company's 52-week low was at $88.00

Price action over last quarter: down 14.20%

Company Description

Sempra Energy serves one of the largest utility customer bases in the United States. It distributes natural gas and electricity in Southern California and owns 80% of Oncor, a transmission and distribution business in Texas. SoCalGas and San Diego Gas & Electric distribute gas to more than 20 million customers, while Oncor serves over 10 million Texas customers. The firm's other affiliates own and operate liquefied natural gas facilities in North America and infrastructure in Mexico.