SRE / Sempra Energy Pivots To LNG, But ConocoPhillips Is The Better Angle

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