Sempra Energy (SRE) Tops Q1 EPS by 24c, Revenues Miss; Offers FY19 & FY20 EPS Mid-Point Guidance Below Consensus

Sempra Energy (NYSE: SRE) reported Q1 EPS of $1.92, $0.24 better than the analyst estimate of $1.68. Revenue for the quarter came in at $2.9 billion versus the consensus estimate of $3.14 billion.

"Our earnings performance this quarter reflects our strategic focus, improved capital investments and commitment to a high-performance culture, as we work to achieve our mission to be North America's premier energy infrastructure company," said Jeffrey W. Martin, chairman and CEO of Sempra Energy. "Sempra Energy is well positioned at the intersection of two key trends – the transition toward cleaner energy, and the U.S.' rise as a global energy leader – and this creates a unique opportunity for our company's continued growth."

GUIDANCE:

Sempra Energy sees FY2019 EPS of $5.70-$6.30, versus the consensus of $6.01.

Sempra Energy sees FY2020 EPS of $6.70-$7.50, versus the consensus of $7.11.

For earnings history and earnings-related data on Sempra Energy (SRE) click here.

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