SRE / Sempra: Decent For A Weak Economy, But Stock Looks Pricey

Utility Sempra on Thursday topped estimates for quarterly profit on strength in its energy infrastructure business, but sharply lowered its full-year more_horizontal

Sempra Energy Inc.'s stock SRE, +1.88% fell 3% early Friday, after the energy infrastructure company posted better-than-expected third-quarter profit more_horizontal

Sempra's (SRE) Q3 results are likely to reflect the benefits of favorable weather patterns. more_horizontal

Sempra is a large regulated electric and natural gas utility serving millions of customers in Southern California and Texas. The company's stability a more_horizontal

Sempra's (SRE) Q2 revenues of $3,335 million decline 6% from the year-ago quarter's level. The top line also misses the Zacks Consensus Estimate by 8. more_horizontal

While the top- and bottom-line numbers for Sempra (SRE) give a sense of how the business performed in the quarter ended June 2023, it could be worth l more_horizontal

Sempra (SRE) came out with quarterly earnings of $1.88 per share, beating the Zacks Consensus Estimate of $1.72 per share. This compares to earnings o more_horizontal

Sempra's (SRE) Q2 results are likely to reflect the benefits of growing transmission interconnection requests and favorable weather patterns. more_horizontal