Latest news with #SempraEnergy
Axios
29-05-2025
- Business
- Axios
Energy Department gives first final LNG approval under Trump
The Energy Department on Thursday authorized liquefied natural gas exports to major markets from the planned second phase of the Port Arthur LNG project in Texas. Why it matters: These approvals are vital for companies and investors to move ahead with building multi-billion dollar export terminals. It's the first final approval under President Trump, though his DOE has provided conditional authorizations in several cases, including Venture Global's big planned CP2 project in Louisiana. Trump officials have reversed a late Biden-era pause on new authorizations. "Port Arthur LNG Phase II marks a significant expansion of the first phase already under construction — turning more of the liquid gold beneath our feet into energy security for the American people," Energy Secretary Chris Wright said in a statement on Sempra Energy's project. Phase I of Sempra Energy's project is slated to begin exports in 2027, DOE said. Catch up quick: U.S. LNG growth continued under President Biden and the country became the world's largest exporter. But late in his term DOE issued the pause. The bottom line: Trump 2.0 is very keen on LNG.
Washington Post
08-05-2025
- Business
- Washington Post
Sempra: Q1 Earnings Snapshot
SAN DIEGO — SAN DIEGO — Sempra Energy (SRE) on Thursday reported first-quarter earnings of $917 million. On a per-share basis, the San Diego-based company said it had net income of $1.39. Earnings, adjusted for non-recurring costs, were $1.44 per share.
Yahoo
25-02-2025
- Business
- Yahoo
Sempra Energy is Set to Report Q4 Earnings: What's in the Cards?
Sempra Energy SRE is scheduled to release fourth-quarter 2024 results on Feb. 25, before market the latest EPS estimates and surprises on Zacks Earnings utility company delivered a negative earnings surprise of 16.04% in the last reported quarter. Its trailing four-quarter negative earnings surprise is 5.01%, on discuss the factors that are likely to affect the upcoming quarterly results. SRE's service territories witnessed above-normal weather patterns for the majority of the fourth quarter. This is likely to have hurt electricity demand from its customers for heating purposes this winter, thereby adversely affecting the company's top-line soaring electricity demand from Texas and California backed by increasing infrastructure investments, favorable outcomes from prior general rate cases, notable customer growth and surging natural gas demand are likely to have boosted SRE's top-line revenue expectations and valuable returns from earlier invested capital are expected to have contributed favorably to SRE's bottom higher interest and operating expenses are likely to have impacted its bottom-line performance to some extent. Sempra Energy price-eps-surprise | Sempra Energy Quote The Zacks Consensus Estimate for SRE's sales is pegged at $4.89 billion, which indicates year-over-year growth of 40%.The consensus estimate for earnings is pegged at $1.63 per share, which indicates year-over-year growth of 44.3%. Our proven model does not conclusively predict an earnings beat for SRE this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here as seen ESP: The company's Earnings ESP is 0.00%. You can uncover the best stocks before they're reported with our Earnings ESP Rank: The company currently carries a Zacks Rank of 3. You can see the complete list of today's Zacks #1 Rank stocks here. NextEra Energy, Inc. NEE reported fourth-quarter 2024 adjusted earnings of 53 cents per share, which beat the Zacks Consensus Estimate of 51 cents by 3.9%. The company reported operating revenues of $5.38 billion, which lagged the consensus estimate of $6.49 billion by 17%.WEC Energy Group WEC reported fourth-quarter 2024 earnings of $1.43 per share, which missed the Zacks Consensus Estimate of $1.44 by 0.7%. The company reported operating revenues of $2.28 billion, which missed the consensus estimate of $2.6 billion by 12.1%.ONE Gas, Inc. OGS reported fourth-quarter 2024 operating earnings per share of $1.34, which beat the Zacks Consensus Estimate of $1.33 per share by 0.8%. The company recorded revenues of $630.7 million, which missed the Zacks Consensus Estimate of $661 million by 4.5%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NextEra Energy, Inc. (NEE) : Free Stock Analysis Report Sempra Energy (SRE) : Free Stock Analysis Report WEC Energy Group, Inc. (WEC) : Free Stock Analysis Report ONE Gas, Inc. (OGS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
