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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Sempra | NYSE:SRE | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.05 | 0.07% | 72.92 | 73.425 | 72.36 | 73.35 | 3,451,911 | 01:00:00 |
From May 2022 to May 2024
By Rob Curran
Sempra Energy said first-quarter earnings rose sharply on markedly higher revenue from its natural-gas utilities as rates for customers rose.
The San Diego utility operator logged earnings for the quarter ended in March of $969 million, or $3.07 a share, up from $612 million, or $1.93 a share, a year earlier. Excluding certain one-off items, Sempra posted earnings of $2.92 a share.
First-quarter revenue surged 72%, to $6.56 billion.
Natural-gas utility revenue almost doubled, rising to $4.41 billion from $2.32 billion a year earlier.
Another California utility operator, PG&E, also posted a pronounced increase in natural-gas utility revenue for the first quarter.
Sempra owns utilities in its Southern California base and Oncor Electric Delivery in Texas.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
May 04, 2023 08:56 ET (12:56 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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