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
Netflix (NFLX) Q1 2024 profit tops expectations; adds 9.3Mln subscribers
Streaming giant Netflix, Inc. (NASDAQ: NFLX) Thursday reported a sharp increase in net profit for the first quarter of 2024. Revenues were up 15% year-over-year. Both numbers exceeded Wall Street's
PepsiCo (PEP) to report Q1 earnings next week. Here’s what to expect
PepsiCo, Inc. (NASDAQ: PEP) is preparing to report first-quarter results on April 23, before the opening bell. Of late, the food and beverage giant has been busy aligning its business
What to expect when Southwest Airlines (LUV) reports Q1 2024 earnings results
Shares of Southwest Airlines Co. (NYSE: LUV) were up 2% on Thursday. The stock has dropped 8% over the past one year. The airline is scheduled to report its first
