Sempra Energy reports higher Q4 earnings, provides guidance for 2013
28 February 2013, Gas, Electricity
Total revenues for the fourth quarter ended December 31, 2012 were $2.67 billion, compared to $2.60 billion for the fourth quarter ended December 31, 2011.
Earnings for the year ended December 31, 2012 were $859 million, or $3.48 per diluted share, compared to $1.33 billion, or $5.51 per diluted share, for the year ended December 31, 2011.
Total revenues for the year ended December 31, 2012 were $9.65 billion, compared to $10.04 billion for the year ended December 31, 2011.
"In 2012, we met our key operational and financial goals and made significant progress in executing on our strategy," said Debra Reed, chairman and CEO of Sempra Energy. "Our domestic and international utilities performed well; San Diego Gas & Electric put its Sunrise Powerlink transmission line into service; we were awarded bids in Mexico to construct and own approximately $1 billion of natural gas pipelines; we more than doubled our renewable energy generation portfolio; and we completed major regulatory filings for our Cameron LNG export project. We remain on track with our goal to deliver compound annual earnings growth of 6% to 8%, along with an increased dividend."
Source: MarketLine
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