Energy services holding company Sempra Energy reported a marginal spike in its revenue for fourth quarter 2017 of 3.2% to $2.96 billion from $2.87 billion a year ago. The company reported a loss of $501 million or $1.99 per share compared to a profit of $379 million or $1.51 per share a year earlier. Adjusted earnings per share improved 1.31% to $1.54 per share from $1.52 per share in the same period in 2016.
Outlook
For 2018, Sempra Energy affirmed its earnings per share guidance range of $5.30 to $5.80, reflecting both accretion from the expected closing of the Oncor transaction and the impact of federal tax reform.
The company said its California utilities are executing on their robust capital programs to reinforce their systems and filed their General Rate Case applications for 2019.
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
