Sempra Energy (SRE) Tops Q1 EPS by 82c, Reaffirms EPS Guidance

Sempra Energy (NYSE: SRE) reported Q1 EPS of $3.08, $0.82 better than the analyst estimate of $2.26. Revenue for the quarter came in at $3.03 billion versus the consensus estimate of $3.09 billion.

GUIDANCE:

Sempra Energy sees FY2020 EPS of $6.70-$7.50, versus the consensus of $7.14.

Sempra Energy sees FY2021 EPS of $7.50-$8.10, versus the consensus of $7.88.

• Sempra Energy's updated full-year 2020 GAAP EPS guidance range is $11.88 to $13.02. The updated range reflects a revision to the estimated gain on the sale of the company's South American businesses and litigation-related charges at SoCalGas and the company's prior investment in RBS Sempra Commodities LLP. Today, the company is reaffirming its full-year 2020 adjusted EPS guidance range of $6.70 to $7.50, and is reaffirming its full-year 2021 EPS guidance range of $7.50 to $8.10.

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

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