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; mia.lamar@dowjones.com

Stock News for Sempra (SRE)
DateTimeHeadline
09/29/201618:12:00Sempra Energy Records Highest Score On Political Disclosure...
09/29/201609:00:00Sempra Energy's Unit IEnova Awarded Its First Two Solar Energy...
09/27/201619:24:00Sempra Energy Unit IEnova Completes Acquisition Of PEMEX Stake...
09/22/201615:41:00SoCalGas Vice President Gina Orozco-Mejia Receives Latina Corporate...
09/21/201619:00:00Sempra Energy Unit IEnova Receives Approval For Acquisition Of...
09/19/201616:05:00SoCalGas Commends Governor Brown and Senator Ricardo Lara for...
09/15/201612:00:00Sempra Energy Named To Dow Jones Sustainability North America...
09/13/201617:30:00Sempra Energy Announces Executive Appointments
09/13/201617:20:00Southern California Gas Settles With Prosecutor Over Leak
09/13/201617:17:58Current Report Filing (8-k)
09/12/201616:57:00/C O R R E C T I O N -- Southern California Gas Co./
09/12/201616:12:00SoCalGas Successfully Tests Methane Capture System to Reduce...
09/12/201616:01:00Sempra U.S. Gas & Power Closes Sale of Parent Company of Mobile...
09/09/201613:39:00Sempra Energy Declares Common Dividend
09/08/201616:15:00Debra L. Reed Ranked Among Fortune's 'Most Powerful Women In...
09/05/201620:50:00Sempra Unit Buys Mexican Wind Farms
09/05/201614:53:00Sempra Unit Buys Mexican Wind Farms
08/24/201617:48:00SoCalGas Releases New Video Demonstrating Aliso Canyon Storage...
08/18/201618:49:00SDG&E To Add More Energy Storage To Improve Regional Reliability
08/17/201614:31:00SoCalGas Declares Preferred Dividends

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 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad