ADVFN - Advanced Financial Network.
HOME» NYSE » S » SRE Stock Price » SRE Stock News

Sempra Share News

 Sempra Energy Stock Price
SRE Stock Price
 Sempra Energy Stock Chart
SRE Stock Chart
 Sempra Energy Stock News
SRE Stock News
 Sempra Energy Company Information
SRE Company Information
 Sempra Energy Stock Trades
SRE Stock Trades

Sempra Energy 1Q Profit Down 7% On Weaker Performance In Gas Business

DOW JONES NEWSWIRES Sempra Energy's (SRE) first-quarter earnings declined 7% as profit from its natural gas business weakened considerably in the absence of a key contract with the state of California. The power and energy company owns electric and natural gas utilities in California; utilities in South America; and natural gas pipelines and storage facilities and liquefied natural gas terminals in the U.S. and Mexico. With prices for natural gas at historic lows, Sempra is in the process of obtaining government approvals to build a facility in Louisiana that would liquefy gas produced in the U.S. and load it onto tankers to ship abroad. It has obtained preliminary government approval to export natural gas from the terminal to countries that have free-trade agreements with the U.S. Sempra needs approval from the Federal Energy Regulatory Commission to proceed with exports. For the first quarter, Sempra reported a profit of $238 million, compared with a year-earlier profit of $256 million. Per-share earnings, which reflect the payment of preferred dividends of subsidiaries, fell to 97 cents a share from $1.05 a year ago. Revenue decreased 2.1% to $2.38 billion. Analysts were looking for earnings of 98 cents a share on $2.33 billion in revenue, according to a poll conducted by Thomson Reuters. At the company's California utilities, San Diego Gas & Electric utility posted an 18% increase in profit, due primarily to earnings from construction work in progress. Southern California Gas Co. earnings were down about 3% at $66 million. The company's natural-gas business, meanwhile, saw its earnings slump 98% to $1 million, a decline the company said mostly reflected the expiration of a 10-year power-supply contract with the California Department of Water Resources last year. Shares were recently up 1% at $64.64 in trade shortly after the New York market open. --By Mia Lamar, Dow Jones Newswires; 212-416-3207;

Stock News for Sempra (SRE)
10/24/201614:20:00SoCalGas Committed to Assisting Customers with Serious Medical...
10/19/201619:30:00Sempra Energy To Report Third-Quarter 2016 Earnings Nov. 2
10/19/201607:00:00SoCalGas Provides Update on Infrastructure, Technology, and Safety...
10/17/201623:47:00Sempra Energy's IEnova Unit Announces Full Exercise Of Over-Allotment...
10/14/201617:12:42Current Report Filing (8-k)
10/14/201612:10:00Sempra's Mexican Unit IEnova Sells Shares to Fund Expansion
10/14/201611:58:00Sempra's Mexican Unit IEnova Sells Shares to Fund Expansion
10/14/201603:24:00Sempra Energy's IEnova Unit Announces Pricing Of Common Stock...
10/07/201610:23:29Current Report Filing (8-k)
10/05/201617:15:55Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
10/05/201612:00:00SoCalGas Chairman and CEO Dennis Arriola Receives "Leadership...
10/04/201618:36:00SoCalGas Demonstrates Natural Gas for "Zero Net Energy" Homes...
10/04/201617:17:55Statement of Changes in Beneficial Ownership (4)
10/04/201617:17:29Statement of Changes in Beneficial Ownership (4)
10/04/201617:17:04Statement of Changes in Beneficial Ownership (4)
10/04/201617:16:37Statement of Changes in Beneficial Ownership (4)
10/04/201617:15:45Statement of Changes in Beneficial Ownership (4)
10/04/201617:15:19Statement of Changes in Beneficial Ownership (4)
10/04/201617:14:26Statement of Changes in Beneficial Ownership (4)
10/04/201617:14:02Statement of Changes in Beneficial Ownership (4)

Sempra Energy and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations